Natural Gas Services Group reported second-quarter results on Aug. 11, with revenue rising to $39.6 million from $34.3 million in the prior-year quarter, an increase of $5.3 million, or 15.5%.
Net income increased to $5.6 million from $4.2 million a year earlier, up $1.4 million, or 33.3%. Earnings per share came in at $0.45, compared with $0.34 in the same quarter last year.
Adjusted EBITDA climbed to $18.1 million from $15.5 million, a gain of $2.6 million, or 16.8%. Gross margin improved to 48.4% from 47.2%, while operating income rose to $10.4 million from $8.6 million.
The company’s fleet also expanded. Operating horsepower increased to 587,000 from 536,000 a year ago, a jump of 51,000 horsepower, or 9.5%. Average horsepower utilization was 96.1%, compared with 94.8% in the prior-year quarter.
Lease revenue reached $31.9 million, up from $28.6 million, while service revenue increased to $7.7 million from $5.7 million. Long-term debt stood at $174.4 million at quarter-end, compared with $171.5 million at the end of the previous quarter.
For the first half of 2026, revenue totaled $78.0 million versus $68.0 million in the first half of 2025. Net income for the six-month period was $10.9 million, up from $8.3 million, and adjusted EBITDA rose to $35.1 million from $30.3 million. As a result of these announcements, the company's shares have moved -1.06% on the market, and are now trading at a price of $36.39. For more information, read the company's full 8-K submission here.
