Filing Flows › Natural Gas Services Group (NGS) › Q4 2024
Natural Gas Services Group (NGS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Natural Gas Services Group (NGS) reported revenue of $40.7M for the fourth quarter 2024 (Q4 2024), +12% from a year earlier and -0.1% from the quarter before. Operating margin was 14.9%, net earnings $2.9M (7.0% of revenue).
Natural Gas Services Group, Q4 2024: revenue $40.7M (+12% year over year), operating margin 14.9%, net earnings $2.9M, operating cash flow $9.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.7M | -0.1% | +12% |
| Operating profit | $6.0M | -36% | +36% |
| Net earnings | $2.9M | -43% | +68% |
| Operating cash flow | $9.4M | -64% | — |
What changed
Revenue was $40.7M in Q4 2024, up 12% year over year and roughly flat from the previous quarter.
Operating profit was $6.0M, a 14.9% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 12% margin then. Total costs grew 9% against revenue growth of 12%. The fastest-growing cost line was SG&A (+25%). Net earnings were $2.9M, up 68% year over year. The effective tax rate was 9.0%.
Operating cash flow was $9.4M, 329% of net earnings. Non-cash charges added back $8.5M of depreciation and amortization and $783K of share-based compensation. Working capital and other items used $2.7M. Capital expenditures of $14.5M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Natural Gas Services Group's revenue in the fourth quarter 2024?
Natural Gas Services Group (NGS) reported revenue of $40.7M for the fourth quarter 2024 (Q4 2024), +12% from a year earlier and -0.1% from the quarter before.
Was Natural Gas Services Group profitable in the fourth quarter 2024?
Operating profit was $6.0M (14.9% of revenue) and net earnings $2.9M.