Natural Gas Services Group, Inc. delivered a record-setting second quarter ended June 30, 2025, with utilized rental horsepower reaching an all-time high of 499,000. Total revenue increased 7.5% to $41.4 million, driven by a 13.3% rise in rental revenue to $39.6 million.
Adjusted EBITDA reached a record $19.7 million, marking a 19.5% increase year-over-year, bringing first-half Adjusted EBITDA to $39.0 million. Net income for the quarter was $5.2 million, or $0.41 per diluted share.
The company raised its full-year 2025 Adjusted EBITDA guidance to a range of $76 million to $80 million, up from the previous $74 million to $79 million. NGS also announced a share repurchase program authorized for up to $6 million, expiring on August 6, 2027.
Additionally, Brian Tucker, President and Chief Operating Officer, will transition out of his role by October 31, 2025, due to an unexpected family loss. The company acknowledged his significant contributions and dedication during his tenure.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.