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
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% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NGS. More…
| Operations | Investing | Financing |
| 37.16 | -139.47 | 96.77 |
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 |
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% |
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…
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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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.
Summary
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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