Natural Gas Services Q2 rental rev $24.1M (+33% YoY); net income $504k vs year-ago loss

NATURAL GAS SERVICES GROUP INC

2023-Q2 EPS reported $0.07 revenue$53,577,000

Rental revenue $24.1M, up 33% YoY and 6% sequentially from Q1 2023.
Net income $504k ($0.04 basic EPS) compared to net loss of $70k in Q2 2022.
Adjusted EBITDA $9.9M, up from $6.7M in Q2 2022 and $7.8M in Q1 2023.
No forward guidance provided; results reflect improved operations.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATURAL GAS SERVICES GROUP INC reported second quarter ended June 30, 2023 results: revenue $24.1 million, net income $504,000, EPS $0.04 per basic share.

Period: second quarter ended June 30, 2023
Revenue: $24.1 million
Net income: $504,000
EPS: $0.04 per basic share
Result: reported results

Exact text from the filing

15, 2023 NYSE: NGS Exhibit 99.1 Natural Gas Services Group, Inc. Reports Second Quarter 2023 Financial and Operating Results Second Quarter 2023 Highlights • Rental revenue of $24.1 million, an increase of 33% when compared to the second quarter of 2022 and 6% when compared to the first quarter of 2023. • Net income of $504,000, or $0.04 per basic share, as compared

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Source: SEC EDGAR

accession 0001084991-23-000099

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