NATURAL GAS SERVICES Reports Earnings Results for Second Quarter of FY2023

August 25, 2023

☀️Earnings Overview

On August 14 2023, NATURAL GAS SERVICES ($NYSE:NGS) announced their earnings results for the second quarter of FY2023, which ended on June 30 2023. The company reported total revenue of USD 27.0 million, representing an increase of 35.3% year-on-year. Additionally, net income was reported at USD 0.5 million as compared to a net loss of -0.07 million in Q2 FY2022.

Share Price

The company’s stock opened at $10.2 and closed at $10.4, representing a 2.1% increase from its previous closing price of $10.1. This is the highest closing price the company has achieved since mid-April of this year. NATURAL GAS SERVICES’ increased earnings are attributed to various factors, such as higher demand for natural gas services, cost-cutting initiatives, and prudent management of expenses. These factors have allowed the company to maintain its profitability despite the challenging economic environment.

Additionally, NATURAL GAS SERVICES’ focus on customer service and providing quality products has also been beneficial in driving up their profits. The company has also benefited from the recent growth in the natural gas industry, which is driven by increased demand from businesses and consumers. This has allowed NATURAL GAS SERVICES to capitalize on favorable market conditions and further strengthen its business model. Looking ahead, the company is optimistic that their momentum will continue in the coming quarters and will help them to achieve their long-term goals. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for NGS. More…

    Total Revenues Net Income Net Margin
    98.14 0.04 0.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for NGS. More…

    Operations Investing Financing
    37.16 -139.47 96.77
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for NGS. More…

    Total Assets Total Liabilities Book Value Per Share
    422.49 190.9 18.71
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for NGS are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    9.0% -65.2% 1.1%
    FCF Margin ROE ROA
    -104.2% 0.3% 0.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we conduct extensive financial analysis on companies to help our users make the right investment decisions. One of the companies that we have been analyzing is NATURAL GAS SERVICES. Our risk rating analysis has determined that NATURAL GAS SERVICES is a medium risk investment. When you register with us, you can see the detailed analysis of NATURAL GAS SERVICES’s financials. Our analysis has detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. We encourage all our users to go through these warnings before investing in the company. GoodWhale’s financial analysis helps you make well-informed decisions when it comes to investing. We are here to help you make smart decisions with your investments and ensure a profitable return on your investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company has a strong presence in the market with a wide range of products and services. Natural Gas Services Group Inc is a well-known brand with a good reputation. The company has a strong customer base and a large market share. The company is a leading player in the industry with a strong market position. The company has a good financial position and a strong growth potential. The company is a major player in the gas industry with a strong market share.

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    With a market cap of 6.7B as of 2022, Suzhou Douson Drilling and Production Equipment Co Ltd is a large company with a strong financial position. It has a Return on Equity of 7.98%, indicating that it is a profitable company that is able to generate shareholder value. The company is involved in the manufacture of drilling and production equipment for the oil and gas industry, and has a strong presence in China. It is a reliable supplier of high-quality products and services, and is committed to meeting the needs of its customers.

    – NCS Multistage Holdings Inc ($NASDAQ:NCSM)

    NCS Multistage Holdings Inc is a provider of engineered products and services for oil and gas well completion and intervention operations. The company has a market cap of 69.7M as of 2022 and a Return on Equity of -0.47%. NCS Multistage Holdings Inc provides products and services for use in the drilling, completion and intervention of oil and gas wells. The company’s products and services include multistage fracture stimulation systems, packers, bridge plugs, sand screens, downhole tools and other related products and services.

    – Shuifa Energas Gas Co Ltd ($SHSE:603318)

    Shuifa Energas Gas Co Ltd is a Chinese company engaged in the production and distribution of natural gas. The company has a market capitalization of 4.05 billion as of 2022 and a return on equity of 15.82%. The company’s main products are natural gas, liquefied natural gas, and pipeline natural gas.


    NATURAL GAS SERVICES delivered strong financial results in their second quarter of FY2023, ending on June 30 2023. Revenue increased by 35.3% year-over-year, reaching USD 27.0 million, with net income reported at USD 0.5 million, compared to a net loss of -0.07 million the prior year. This suggests that NATURAL GAS SERVICES is in a strong financial position and presents an attractive investment opportunity. Investors should continue to monitor the company’s performance closely and review their strategy for growth, as it could impact future returns.

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