Natural Gas Services Group, Inc. (NGS) announced its financial results for the three months ended September 30, 2026, and provided updated guidance for the full year. The company reported total revenue of $61.3 million for the third quarter, representing a 41.1% increase compared to the same period in 2025. This growth was primarily driven by higher rental revenues resulting from the full-quarter contribution of the Flatrock Acquisition and continued organic fleet expansion.
Rental revenue specifically increased 41.9% year-over-year to $58.9 million. The company also reported adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) of $29.6 million, a 42.2% increase from the prior year. Net income for the quarter was $5.6 million, or $0.43 per diluted share. The company noted that the year-over-year decrease in net income was driven by strategic transaction costs and integration expenses related to the Flatrock Acquisition.
Regarding its outlook, NGS raised its 2026 Adjusted EBITDA guidance to a range of $105 million to $108 million, up from the previous range of $103 million to $108 million. This updated guidance reflects strong operating performance and continued success integrating Flatrock. The company also narrowed its 2026 growth capital expenditure guidance to $60 million to $75 million, excluding acquisition consideration.
In a separate announcement, the company’s Board of Directors declared a quarterly cash dividend of $0.16 per share of common stock. This dividend, which represents a 6.7% increase from the previous quarter, is payable on December 2, 2026, to shareholders of record as of November 19, 2026. Additionally, the company noted that it has returned $5.2 million to shareholders through dividends year-to-date.
