Natural Gas Services Group, Inc. (N:NGS)
Business Focus: Oil Related Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 404 Veterans Airpark Lane, Suite 300 MIDLAND TX 79705 |
| Tel: | N/A |
| Website: | https://www.ngsgi.com |
| IR: | See website |
| Key People | ||
| Stephen Charles Taylor Executive Chairman of the Board | Brian L. Tucker President, Chief Operating Officer | Justin C. Jacobs Chief Executive Officer, Director |
| John Bittner Interim Chief Financial Officer | James R. Hazlett Chief Technology Officer, Vice President - Technical | |
| Business Overview |
| Natural Gas Services Group, Inc. is a provider of gas compression equipment, technology and services to the energy industry. The Company manufactures, fabricates, rents, sells and maintains natural gas compressors for oil and natural gas production and plant facilities. It manufactures a line of compressor frames, cylinders, and parts, known as its Cylinder-in-Plane (CiP) product line. It uses finished CiP component products in the fabrication of compressor units for sale or rental by the Company or sells the finished component products to other compressor fabricators. It holds a limited inventory of flare stacks and related ignition and control devices for onshore and offshore incineration of gas compounds such as hydrogen sulfide, carbon dioxide, natural gas and liquefied petroleum gases. To provide customer support for its compressor and flare sales businesses, the Company stocks varying levels of replacement parts at its Midland, Texas facility and at field service locations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Natural Gas Services Group, Inc. revenues increased 43% to $121.2M. Net income totaled $4.7M vs. loss of $569K. Revenues reflect Rental segment increase of 43% to $106.2M, Serviceand Maintenance segment increase from $1.8M to $6.1M. Net Income reflects Other income (expense) increase from $108K (expense) to $245K (income). |
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