Filing Flows › Natural Gas Services Group (NGS) › Q2 2026 › vs Q1 2026
Natural Gas Services Group (NGS) Q2 2026 vs Q1 2026 (quarter over quarter)
Natural Gas Services Group's revenue rose $2.9M (+6%) from $48.5M in Q1 2026 to $51.4M in Q2 2026. Operating margin 19.3% against 27.0% (-7.7 pts).
Natural Gas Services Group, Q2 2026: revenue $51.4M (+24% year over year), operating margin 19.3%, net earnings $3.8M, operating cash flow $25.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.3% | 27.0% | -7.7 pts |
| Net margin | 7.5% | 14.0% | -6.5 pts |
| Free cash flow margin | 12.9% | 16.1% | -3.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $51.4M | $48.5M | $2.9M | +6% |
| Operating profit | $9.9M | $13.1M | −$3.2M | -24% |
| Costs & expenses | $41.5M | $35.4M | $6.1M | +17% |
| Pre-tax earnings | $5.5M | $8.9M | −$3.4M | -38% |
| Other expense, net | $4.4M | $4.2M | $223K | +5% |
| Cost of revenue | $20.6M | $18.2M | $2.4M | +13% |
| SG&A | $9.9M | $6.5M | $3.4M | +52% |
| Other operating costs | $11.0M | $10.7M | $311K | +3% |
| Net earnings | $3.8M | $6.8M | −$2.9M | -43% |
| Income tax | $1.7M | $2.2M | −$441K | -20% |
| Depreciation & amortization | $11.0M | $10.3M | $654K | +6% |
| Share-based compensation | $851K | $579K | $272K | +47% |
| Working capital & other | $9.8M | $5.4M | $4.4M | +82% |
| Operating cash flow | $25.4M | $23.0M | $2.4M | +10% |
| Free cash flow (OCF − capex) | $6.6M | $7.8M | −$1.1M | -15% |
| Capital expenditures | $18.8M | $15.2M | $3.5M | +23% |
Questions
How much did Natural Gas Services Group's revenue grow quarter over quarter in Q2 2026?
Natural Gas Services Group's revenue rose $2.9M (+6%) from $48.5M in Q1 2026 to $51.4M in Q2 2026. Operating margin 19.3% against 27.0% (-7.7 pts).