Quarterly ResultMay 11, 2026, 04:13 PM
Natural Gas Services Q1 Net Income $6.76M, EPS $0.54
AI Summary
Natural Gas Services Group Inc. reported a significant increase in net income and EPS for the first quarter of 2026, driven by higher rental revenue. The company also received $12.3 million in federal income tax refunds related to prior year NOL carrybacks. As part of its monetization strategy, the company reclassified its former headquarters property to assets held for sale. A cash dividend of $0.11 per share was declared for the quarter, with a subsequent declaration of $0.15 per share.
Key Highlights
- Net income increased to $6.76 million in Q1 2026 from $4.85 million in Q1 2025.
- Basic earnings per share rose to $0.54 in Q1 2026 from $0.39 in Q1 2025.
- Total revenue grew to $48.47 million in Q1 2026, up from $41.38 million in Q1 2025.
- Rental revenue increased to $47.12 million in Q1 2026 from $38.91 million in Q1 2025.
- Received $12.3 million in federal income tax refunds in Q1 2026.
- Assets held for sale increased to $10.99 million as of March 31, 2026.
- Declared a cash dividend of $0.11 per share for Q1 2026.
- Subsequent event: Declared a cash dividend of $0.15 per share on May 11, 2026.
Price Impact
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