---
schema_version: "secwatch.filing_event.v1"
accession: "0001084991-24-000018"
form_type: "8-K"
ticker: "NGS"
cik: "0001084991"
company_name: "NATURAL GAS SERVICES GROUP INC"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:19:41.665946+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001084991-24-000018
- form_type: 8-K
- ticker: NGS
- cik: 0001084991
- company_name: NATURAL GAS SERVICES GROUP INC
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084991/000108499124000018/0001084991-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084991/000108499124000018/ngs-20240331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084991-24-000018
- JSON: https://secwatch.observer/filing/0001084991-24-000018.json
- Plain text: https://secwatch.observer/filing/0001084991-24-000018.txt

## Key facts
- Earnings Releases
  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
  source text: Natural Gas Services Group, Inc. Reports Full Year and Fourth Quarter 2023 Earnings
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499124000018/0001084991-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.