Filing Flows › Natural Gas Services Group (NGS) › Q2 2025
Natural Gas Services Group (NGS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Natural Gas Services Group (NGS) reported revenue of $41.4M for the second quarter 2025 (Q2 2025), +8% from a year earlier and 0% from the quarter before. Operating margin was 24.0%, net earnings $5.2M (12.5% of revenue).
Natural Gas Services Group, Q2 2025: revenue $41.4M (+8% year over year), operating margin 24.0%, net earnings $5.2M, operating cash flow $11.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.4M | 0% | +8% |
| Operating profit | $9.9M | +4% | +17% |
| Net earnings | $5.2M | +7% | +22% |
| Operating cash flow | $11.0M | -48% | -57% |
What changed
Revenue was $41.4M in Q2 2025, up 8% year over year and roughly flat from the previous quarter.
Operating profit was $9.9M, a 24.0% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 22% margin then. Total costs grew 5% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $5.2M, up 22% year over year. The effective tax rate was 23.5%.
Operating cash flow was $11.0M (down 57% year over year), 212% of net earnings. Non-cash charges added back $9.0M of depreciation and amortization and $579K of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $25.8M exceeded it, leaving free cash flow of −$14.8M.
Questions
What was Natural Gas Services Group's revenue in the second quarter 2025?
Natural Gas Services Group (NGS) reported revenue of $41.4M for the second quarter 2025 (Q2 2025), +8% from a year earlier and 0% from the quarter before.
Was Natural Gas Services Group profitable in the second quarter 2025?
Operating profit was $9.9M (24.0% of revenue) and net earnings $5.2M.