Filing Flows › Natural Gas Services Group (NGS) › Q2 2026
Natural Gas Services Group (NGS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Natural Gas Services Group (NGS) reported revenue of $51.4M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +6% from the quarter before. Operating margin was 19.3%, net earnings $3.8M (7.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.4M | +6% | +24% |
| Operating profit | $9.9M | -24% | 0% |
| Net earnings | $3.8M | -43% | -26% |
| Operating cash flow | $25.4M | +10% | +131% |
| Free cash flow | $6.6M | -15% | — |
What changed
Revenue was $51.4M in Q2 2026, up 24% year over year and up 6% from the previous quarter.
Operating profit was $9.9M, a 19.3% margin (down 4.7 points year over year). Operating profit fell $2K even though revenue rose $10.0M versus Q2 2025, so costs grew faster than sales. Total costs grew 32% against revenue growth of 24%. The fastest-growing cost line was SG&A (+82%). Net earnings were $3.8M, down 26% year over year. The effective tax rate was 30.9%.
Operating cash flow was $25.4M (up 131% year over year), 664% of net earnings. Non-cash charges added back $11.0M of depreciation and amortization and $851K of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $18.8M left free cash flow of $6.6M.
Questions
What was Natural Gas Services Group's revenue in the second quarter 2026?
Natural Gas Services Group (NGS) reported revenue of $51.4M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +6% from the quarter before.
Was Natural Gas Services Group profitable in the second quarter 2026?
Operating profit was $9.9M (19.3% of revenue) and net earnings $3.8M.