Filing Flows › Natural Gas Services Group (NGS) › Q3 2026
Natural Gas Services Group (NGS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Natural Gas Services Group (NGS) reported revenue of $61.3M for the third quarter 2026 (Q3 2026), +41% from a year earlier and +19% from the quarter before. Operating margin was 22.4%, net earnings $5.6M (9.2% of revenue).
Natural Gas Services Group, Q3 2026: revenue $61.3M (+41% year over year), operating margin 22.4%, net earnings $5.6M, operating cash flow $16.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.3M | +19% | +41% |
| Operating profit | $13.7M | +39% | +28% |
| Net earnings | $5.6M | +46% | -3% |
| Operating cash flow | $16.7M | -34% | -0.3% |
What changed
Revenue was $61.3M in Q3 2026, up 41% year over year and up 19% from the previous quarter.
Operating profit was $13.7M, a 22.4% margin (down 2.3 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, below the 25% margin then. Total costs grew 46% against revenue growth of 41%. The fastest-growing cost line was SG&A (+60%). Net earnings were $5.6M, down 3% year over year. The effective tax rate was 26.9%.
Operating cash flow was $16.7M (roughly flat year over year), 299% of net earnings. Non-cash charges added back $13.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $25.9M exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Natural Gas Services Group's revenue in the third quarter 2026?
Natural Gas Services Group (NGS) reported revenue of $61.3M for the third quarter 2026 (Q3 2026), +41% from a year earlier and +19% from the quarter before.
Was Natural Gas Services Group profitable in the third quarter 2026?
Operating profit was $13.7M (22.4% of revenue) and net earnings $5.6M.