secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL GAS SERVICES GROUP INC (NGS)
CIK:        0001084991
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001084991-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084991/000108499124000018/0001084991-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084991/000108499124000018/ngs-20240331.htm
  HTML page:      https://secwatch.observer/filing/0001084991-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer