Natural Gas Services Group Q2 net income $4.3M, up from $0.5M YoY; raises 2024 guidance

NATURAL GAS SERVICES GROUP INC

2024-Q2 EPS reported $0.75 revenue$75,398,000

Rental revenue $34.9M, +45% YoY, +4% sequentially.
Net income $4.3M ($0.34 basic EPS) vs $0.5M ($0.04) in Q2 2023.
Adjusted EBITDA $16.5M, up from $9.9M in Q2 2023, flat sequentially.
Increased 2024 guidance for Adjusted EBITDA and growth capital expenditures.

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