NGS Reports Third Quarter 2026 Financial and Operating Results; Increases Quarterly Dividend and Provides Updated Guidance
Key Highlights
- ➤Rental revenue $58.9 million, up 41.9% year over year
- ➤Adjusted EBITDA $29.6 million, up 42.2% year over year
- ➤2026 Adjusted EBITDA guidance raised to $105 million-$108 million
- ➤Fourth-quarter dividend increased 6.7% to $0.16 per share
- ➤Tulsa fabrication facility sale agreed for $4.75 million
Expert Statements
Justin Jacobs, Chief Executive Officer of Natural Gas Services Group
“NGS delivered another record quarter, marking the first full quarter of financial contribution from Flatrock,”
Justin Jacobs, Chief Executive Officer of Natural Gas Services Group
“During the third quarter, rental revenue increased 42% year over year, Adjusted EBITDA increased 42% year over year, and horsepower utilization remained strong at 88%. These results reflect the hard work and dedication of our field service technicians, whose focus on reliability, uptime, and customer service continues to drive our operating performance.”
Justin Jacobs, Chief Executive Officer of Natural Gas Services Group
“Integration of Flatrock continues to advance, with significant operational progress made to date. The addition of Flatrock is accelerating several of our strategic initiatives, particularly efforts to improve operating efficiency and leverage the capabilities of our combined organization. With a full quarter of Flatrock contribution, rental adjusted gross margin remained strong at 62.2%.”
Justin Jacobs, Chief Executive Officer of Natural Gas Services Group
“We continue to execute against our four strategic growth and value drivers. During the third quarter, we added more than 20,000 horsepower organically, bringing our year-to-date additions to approximately 43,000 horsepower. More recently, we entered into an agreement for the sale of our Tulsa fabrication facility for $4.75 million, consistent with our focus on monetizing non-core assets and investing capital in higher-return opportunities. The sale is expected to be completed by the end of November 2026.”
Justin Jacobs, Chief Executive Officer of Natural Gas Services Group
“Our strong operating performance supports the increase in our full-year 2026 Adjusted EBITDA guidance to $105 million to $108 million, raising the midpoint of our outlook. We are also increasing our quarterly dividend to $0.16 per share, reflecting growing earnings and confidence in the cash-generating capacity of our business.”
SOUTHLAKE, Texas, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended September 30, 2026.
Third Quarter 2026 Highlights * Rental revenue of $58.9 million for the third quarter of 2026, representing a 41.9% year-over-year increase and a 19.1% sequential increase compared to the second quarter of 2026. * Net income of $5.6 million, or $0.43 per diluted share, for the third quarter of 2026, compared to $5.8 million, or $0.46 per diluted share, for the third quarter of 2025 and $3.8 million, or $0.30 per diluted share, for the second quarter of 2026. * Adjusted Net Income((1)) of $6.2 million, or $0.48 per diluted share, for the third quarter of 2026, compared to $5.8 million, or $0.46 per diluted share, for the third quarter of 2025. * Adjusted EBITDA((1)) of $29.6 million for the third quarter of 2026, representing a 42.2% year-over-year increase and an 18.2% sequential increase, driven by the first full quarter of Flatrock operations and continued organic growth. * Returned $5.2 million to shareholders through dividends year to date, including the third-quarter dividend of $0.15 per share, and increased the fourth-quarter dividend to $0.16 per share. Management Commentary and Outlook “NGS delivered another record quarter, marking the first full quarter of financial contribution from Flatrock,” said Justin Jacobs, Chief Executive Officer. “During the third quarter, rental revenue increased 42% year over year, Adjusted EBITDA increased 42% year over year, and horsepower utilization remained strong at 88%. These results reflect the hard work and dedication of our field service technicians, whose focus on reliability, uptime, and customer service continues to drive our operating performance."
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