AGM/EGMApr 28, 2026, 11:46 AM
NGS 2026 Annual Meeting on June 10; Redomestication to Texas Proposed
AI Summary
NATURAL GAS SERVICES GROUP INC (NGS) announced its 2026 Annual Meeting of Shareholders will be held virtually on June 10, 2026. Shareholders will vote on the election of three directors, an advisory resolution on executive compensation, auditor ratification, and a proposal to redomesticate the company from Colorado to Texas. The CEO's letter highlighted record 2025 performance, including 14% growth in utilized horsepower, $164M in rental revenue, and $81M Adjusted EBITDA, and outlined plans for 50,000 horsepower expansion in 2026.
Key Highlights
- 2026 Annual Meeting on June 10, 2026, at 8:00 a.m. CDT, virtually.
- Shareholders to elect three directors and approve executive compensation.
- Proposal to ratify Ham, Langston & Brezina LLP as 2026 auditor.
- Proposal to redomesticate Company from Colorado to Texas by conversion.
- 2025 utilized horsepower grew by 70,000 (14%); rental revenue reached record $164M.
- 2025 Adjusted EBITDA increased to record $81M; leverage maintained at 2.7x.
- Initiated quarterly dividend of $0.10/share in Q3 2025, increased by 10% in Q4.
- Plans to add at least 50,000 horsepower in 2026, focused on large and electric units.
- Steve Taylor retired from Board; Anthony Gallegos joined; Cody Pye and John Rowell promoted.