Quarterly ResultMay 13, 2026, 02:47 PM
Natural Gas Services Group Q1 Records; Dividend +36% to $0.15
AI Summary
Natural Gas Services Group reported an exceptional start to 2026, achieving record performance in Q1 for rental revenue, adjusted gross margin, adjusted EBITDA, and horsepower utilization. The company announced a 36% increase in its quarterly dividend to $0.15 per share and raised its full-year 2026 adjusted EBITDA guidance. Operational highlights included adding 17,000 horsepower to the fleet and continued focus on large horsepower units, alongside strategic efforts to monetize non-core assets and enhance corporate governance.
Key Highlights
- Q1 2026 Rental Revenue reached a record $47.1 million, up 21% year-over-year.
- Q1 2026 Adjusted EBITDA totaled a record $24.3 million, up from $19.3 million in Q1 2025.
- Q1 2026 Net Income was a record $6.8 million, or $0.53 per diluted share.
- Quarterly dividend increased by 36% from $0.11 to $0.15 per share.
- Full-year 2026 Adjusted EBITDA guidance raised to $92.5 million - $97.5 million.
- Horsepower utilization reached a record 86.9% in Q1 2026.
- Added approximately 17,000 horsepower to the fleet in Q1, targeting 50,000 for 2026.
- Proposed reincorporation to Texas to implement shareholder-friendly governance, including de-staggering the board.
Price Impact
More from NGS