Natural Gas Services Group, Inc. (NYSE:NGS) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th.
An aerial view of a natural gas compressor station, its engines and piping stretching for miles.
Natural Gas Services Group, Inc. is a leading provider of small, medium, and large horsepower compression equipment to the oil and natural gas industry.
Investors reacted positively after Natural Gas Services Group, Inc. reported a strong start to the year this week, posting a record rental revenue of $38.9 million for Q1 2025, up 15% YoY. Though the company’s net income decreased slightly compared to last year, its adjusted EBITDA of $19.3 million represented a 14% YoY increase. Moreover, its EPS of $0.38 still managed to beat estimates by $0.13. Based on its strong performance for the first quarter, NGS has increased the high-end of its adjusted EBITDA guidance for FY 2025 to $79 million. The company now anticipates adjusted EBITDA for the year to be in the range of $74 – $79 million.
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