Natural Gas Services Group, Inc. reported strong financial and operating results for the first quarter ended March 31, 2025. Total revenue increased 12% year-over-year to $41.4 million, driven by a 15% rise in rental revenue to $38.9 million.
The company achieved a net income of $4.9 million, or $0.38 per diluted share, and Adjusted EBITDA increased 14% to $19.3 million compared to the first quarter of 2024. This performance was attributed to higher horsepower packages and pricing improvements.
Management raised the high-end of its full-year 2025 Adjusted EBITDA guidance to $79 million, with the new range set at $74 million to $79 million. The company reaffirmed its 2025 growth capital expenditure guidance of $95 million to $120 million, which is expected to add approximately 90,000 horsepower to the fleet.
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