Natural Gas Services Group Reports Record Q3 2026 Results and Raises Full-Year EBITDA Guidance
Natural Gas Services Group (NGS) reported record third-quarter results for 2026, driven by the integration of Flatrock operations and significant organic fleet expansion. Rental revenue surged 41.9% year-over-year to $58.9 million, supported by strong pricing power and a growing fleet. The company's Adjusted EBITDA rose 18.2% sequentially to $29.6 million. Reflecting operational strength, management raised its full-year Adjusted EBITDA guidance to a range of $105 million to $108 million. Additionally, the company increased its quarterly dividend by 6.7% to $0.16 per share. While facing headwinds from rising costs for labor and lubricants, NGS continues to expand its capacity toward large horsepower and electric drive units to meet market demand.
Topics: Adjusted EBITDA Financial Guidance Fleet Expansion Organic Growth Rental Revenue