secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL GAS SERVICES GROUP INC (NGS)
CIK:        0001084991
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001084991-23-000118
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NGS Q3 rental revenue up 49% YoY to $27.7M; net income $2.2M vs loss of $80K
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- Rental revenue $27.7M, increase of 49% vs Q3 2022 and 15% vs Q2 2023.
- Net income of $2.2M ($0.18 per basic share) vs net loss of $80K in Q3 2022 and net income of $504K in Q2 2023.
- Adjusted EBITDA of $11.8M vs $7.7M in Q3 2022 and $9.9M in Q2 2023.
- Sequential improvement in net income and Adjusted EBITDA reflects strong demand for compression equipment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084991/000108499123000118/0001084991-23-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084991/000108499123000118/ngs-20230930.htm
  HTML page:      https://secwatch.observer/filing/0001084991-23-000118

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