NATURAL GAS SERVICES GROUP INC (NGS) Form 8-K — Aug 10, 2026
Natural Gas Services Group (NYSE: NGS) posted record second-quarter 2026 results, with total revenue of $51.4 million up 24.2% year over year and Adjusted EBITDA of $25.1 million up 27.4%, on record horsepower utilization of 88.3%. GAAP net income fell to $3.8 million, or $0.30 per diluted share, from $5.2 million a year ago, driven by $3.3 million of transaction costs tied to the June 12 Flatrock acquisition, while Adjusted Net Income rose to $6.1 million, or $0.47 per diluted share.
Key figures
- Eps
- 0.3
- Revenue
- 51401000
- Guidance
- FY2026 Adjusted EBITDA raised to $103-$108 million (from prior $92.5-$97.5 million); growth capex $60-$80 million; maintenance capex $15-$19 million
- Net Income
- 3830000
- Total Debt
- 328000000
- Revenue Yoy
- 24.2%
- Total Assets
- 718343000
- Cash Position
- 84000
- Leverage Ratio
- 2.77x
- Rental Revenue
- $49.4 million (+24.9% YoY, +4.9% sequential)
- Adjusted EBITDA
- $25.1 million (+27.4% YoY, +3.3% sequential)
- Credit Facility
- $500 million
- Dividend Per Share
- 0.15
- Rented Horsepower
- 669919
- Adjusted Net Income
- $6.1 million ($0.47 per diluted share)
- Fixed Charge Coverage
- 4.18x
- Operating Cash Flow Q2
- $25.4 million
- Shareholder Returns Q2
- $1.9 million
- Horsepower Utilization
- 88.3% (record)
- Flatrock Rented Horsepower
- 87233
- Flatrock Transaction Costs
- $3.3 million
- Flatrock Cash Consideration
- $108.7 million net of cash acquired
- Rented Horsepower Yoy Growth
- 34.3%
- Revolver Capacity Remaining
- over $170 million ($134.8 million per borrowing base)
- Organic Deployment Target2026
- at least 55,000 horsepower
- Organic Horsepower Added1 H2026
- 22200
Price after filing
Close on the filing date to close N calendar days later (from $37.01). Historical, not a forecast.
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