NATURAL GAS SERVICES GROUP INC 8K

Natural Gas Services Group, Inc. reported strong second-quarter 2026 results, closed the Flatrock Compression acquisition, raised full-year Adjusted EBITDA guidance, and declared a continuing $0.15 per share quarterly dividend while increasing leverage on its expanded credit facility.

On August 10, 2026, Natural Gas Services Group, Inc. reported its financial and operating results for the quarter ended June 30, 2026, highlighted by a 24.2% year-over-year increase in total revenue to $51.4 million, a 27.4% increase in Adjusted EBITDA to $25.1 million, and record fleet utilization, while net income declined to $3.8 million primarily due to $3.3 million of strategic transaction costs related to the June 12, 2026 acquisition of Flatrock Compression Holdings, LLC. The company completed the Flatrock Acquisition for approximately $108.7 million in cash (net of cash acquired) plus $10.0 million in stock, adding roughly 92,600 total horsepower (87,233 rented horsepower at quarter end) and increasing rented horsepower by 34.3% year over year, and it ended the quarter with $328.0 million drawn on its revolving credit facility and a 2.77x bank covenant leverage ratio, while remaining in compliance with all covenants. Management increased full-year 2026 Adjusted EBITDA guidance from a prior range of $92.5–$97.5 million to $103–$108 million, updated 2026 growth and maintenance capital expenditure outlooks to $60–$80 million and $15–$19 million, respectively, and emphasized continued focus on deploying large horsepower electric motor drive compression units, integrating Flatrock, funding organic growth, pursuing additional accretive acquisitions, and returning capital to shareholders, including paying a $0.15 per share quarterly dividend in the second quarter and declaring a third-quarter dividend of $0.15 per share payable September 2, 2026 to stockholders of record as of August 19, 2026.

Filing Facts

CIK

1084991

Ticker

-

Form

8K

Source Type

sec

Accession

0001084991-26-000080

Alert Tier

7