---
schema_version: "secwatch.filing_event.v1"
accession: "0001084991-26-000017"
form_type: "8-K"
ticker: "NGS"
cik: "0001084991"
company_name: "NATURAL GAS SERVICES GROUP INC"
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T11:23:53.517143+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NGS reports record Q4 2025; rental rev up 16% YoY; guides 2026 EBITDA $90.5-95.5M

## Summary
- Q4 net income $4.1M ($0.32 diluted EPS) vs $2.9M ($0.23) YoY; record adjusted EBITDA $21.2M, up 17.6%.
- Rental revenue $44.3M, up 16.0% YoY; rented horsepower 563,000 (up 14.4%), utilization 84.9% (record).
- Full-year 2025 rental revenue $164.3M (+13.9%); net income $19.9M ($1.57 EPS) vs $17.2M ($1.37) in 2024.
- Initiated dividend in Q3 2025, increased 10% in Q4; $2.6M returned to shareholders in H2 2025.
- FY 2026 guidance: adj. EBITDA $90.5-$95.5M; growth capex $55-$70M; maintenance capex $15-$18M.

## SEC filing metadata
- accession: 0001084991-26-000017
- form_type: 8-K
- ticker: NGS
- cik: 0001084991
- company_name: NATURAL GAS SERVICES GROUP INC
- filed_at: 2026-03-16T23:59:59+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/1084991/000108499126000017/0001084991-26-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084991/000108499126000017/ngs-20260316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084991-26-000017
- JSON: https://secwatch.observer/filing/0001084991-26-000017.json
- Plain text: https://secwatch.observer/filing/0001084991-26-000017.txt

## Key facts
- Earnings Releases
  NATURAL GAS SERVICES GROUP INC reported full year 2025 results: revenue $164.3 million, net income $19.9 million, EPS $1.57 per diluted share.
  - Period: full year 2025
  - Revenue: $164.3 million
  - Net income: $19.9 million
  - EPS: $1.57 per diluted share
  - Result: reported results
  source text: fourth quarter of 2025 represents a 16.0% year-over-year increase and a 6.8% sequential increase compared to the third quarter of 2025. Rental revenue for the full year 2025 of $164.3 million represents a 13.9% increase compared to 2024. • Net income of $4.1 million, or $0.32 per diluted share, for the fourth quarter of 2025 compared to $2.9 million or $0.23 per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499126000017/0001084991-26-000017-index.htm
- Earnings Releases
  NATURAL GAS SERVICES GROUP INC reported fourth quarter of 2025 results: revenue $46.1 million, net income $4.1 million, EPS $0.32 per diluted share.
  - Period: fourth quarter of 2025
  - Revenue: $46.1 million
  - Net income: $4.1 million
  - EPS: $0.32 per diluted share
  - Result: reported results
  source text: maintain that disciplined approach going forward. 2025 Fourth Quarter Financial Results Revenue: Total revenue for the three months ended December 31, 2025, increased 13.5% to $46.1 million from $40.7 million for the three months ended December 31, 2024. This increase was solely attributable to higher rental revenues for the comparable periods. Rental revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499126000017/0001084991-26-000017-index.htm
- Earnings Releases
  NATURAL GAS SERVICES GROUP INC updated its full year 2026 guidance (initiated).
  - Period: full year 2026
  - Guidance: initiated
  - Result: guidance update
  source text: The Company is introducing the following guidance for the full year 2026: Outlook FY 2026 Adjusted EBITDA $90.5 million - $95.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499126000017/0001084991-26-000017-index.htm

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