Filing Flows › Natural Gas Services Group (NGS) › Q1 2025
Natural Gas Services Group (NGS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Natural Gas Services Group (NGS) reported revenue of $41.4M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +2% from the quarter before. Operating margin was 23.0%, net earnings $4.9M (11.7% of revenue).
Natural Gas Services Group, Q1 2025: revenue $41.4M (+12% year over year), operating margin 23.0%, net earnings $4.9M, operating cash flow $21.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.4M | +2% | +12% |
| Operating profit | $9.5M | +57% | +2% |
| Net earnings | $4.9M | +69% | -5% |
| Operating cash flow | $21.3M | +126% | +279% |
| Free cash flow | $2.0M | — | — |
What changed
Revenue was $41.4M in Q1 2025, up 12% year over year and up 2% from the previous quarter.
Operating profit was $9.5M, a 23.0% margin (down 2.3 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 25% margin then. Total costs grew 16% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $4.9M, down 5% year over year. The effective tax rate was 23.4%.
Operating cash flow was $21.3M (up 279% year over year), 438% of net earnings. Non-cash charges added back $8.6M of depreciation and amortization and $359K of share-based compensation. Working capital and other items added $7.4M. Capital expenditures of $19.3M left free cash flow of $2.0M.
Questions
What was Natural Gas Services Group's revenue in the first quarter 2025?
Natural Gas Services Group (NGS) reported revenue of $41.4M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +2% from the quarter before.
Was Natural Gas Services Group profitable in the first quarter 2025?
Operating profit was $9.5M (23.0% of revenue) and net earnings $4.9M.