Natural Gas Services Group Third Quarter 2024 Earnings: Beats Expectations

Natural Gas Services Group (NYSE:NGS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$40.7m (up 30% from 3Q 2023).
• Net income: US$5.01m (up 131% from 3Q 2023).
• Profit margin: 12% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.40 (up from US$0.17 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Natural Gas Services Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Natural Gas Services Group that we have uncovered.

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