Filing Flows › Natural Gas Services Group (NGS) › Q1 2026
Natural Gas Services Group (NGS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Natural Gas Services Group (NGS) reported revenue of $48.5M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +5% from the quarter before. Operating margin was 27.0%, net earnings $6.8M (14.0% of revenue).
Natural Gas Services Group, Q1 2026: revenue $48.5M (+17% year over year), operating margin 27.0%, net earnings $6.8M, operating cash flow $23.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.5M | +5% | +17% |
| Operating profit | $13.1M | +84% | +38% |
| Net earnings | $6.8M | +65% | +39% |
| Operating cash flow | $23.0M | +66% | +8% |
| Free cash flow | $7.8M | — | +287% |
What changed
Revenue was $48.5M in Q1 2026, up 17% year over year and up 5% from the previous quarter.
Operating profit was $13.1M, a 27.0% margin (up 4.0 points year over year). Of the extra revenue versus Q1 2025, 50% reached operating profit, above the 23% margin then. Total costs grew 11% against revenue growth of 17%. The fastest-growing cost line was SG&A (+21%). Net earnings were $6.8M, up 39% year over year. The effective tax rate was 24.2%.
Operating cash flow was $23.0M (up 8% year over year), 341% of net earnings. Non-cash charges added back $10.3M of depreciation and amortization and $579K of share-based compensation. Working capital and other items added $5.4M. Capital expenditures of $15.2M left free cash flow of $7.8M.
Questions
What was Natural Gas Services Group's revenue in the first quarter 2026?
Natural Gas Services Group (NGS) reported revenue of $48.5M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +5% from the quarter before.
Was Natural Gas Services Group profitable in the first quarter 2026?
Operating profit was $13.1M (27.0% of revenue) and net earnings $6.8M.