NGS reports 43% revenue growth in FY2023; Q4 rental revenue up 54% YoY

NATURAL GAS SERVICES GROUP INC

2024-Q1 EPS reported $0.41 revenue$36,907,000

FY2023 rental revenue $106.2M (+43% YoY); GAAP net income $4.7M ($0.38 diluted EPS).
FY2023 Adjusted EBITDA $45.8M (+57% YoY); Q4 Adj. EBITDA $16.3M (+110% YoY).
Rental utilization improved: 80.8% horsepower (vs 74.8% in 2022); unit utilization 66.5% (vs 65.3%).
Q4 total revenue $36.2M (+61% YoY); gross margin increased to $13.3M from $4.9M in Q4 2022.

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 financial results for the three months and full year ended December 31, 2023.

Period: the three months and full year ended December 31, 2023
Result: reported results

Exact text from the filing

Natural Gas Services Group, Inc. Reports Full Year and Fourth Quarter 2023 Earnings

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NATURAL GAS SERVICES GROUP INC filing history →

Source: SEC EDGAR

accession 0001084991-24-000018

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