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Last $24.24 USD
Change Today +0.005 / 0.02%
Volume 19.3K
As of 11:46 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

natural gas services group (NGS) Key Developments

Natural Gas Services Group Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the First Six Months of 2015

Natural Gas Services Group Inc. announced earnings results for the fourth quarter and full year ended December 31, 2014. The company’s operating income increased almost 15% to $6.7 million for the three months ended December 31, 2014 from $5.8 million. This increase was primarily a result of higher rental margins. Net income is up 3% in the fourth quarter when compared to the third quarter of 2014 and up 26.8% when compared against the fourth quarter of 2013. These increases were mainly driven by higher rental growth and rental margins. Diluted earnings per share increased to 32 cents, up from 31 cents, between sequential quarters. EBITDA improved to $12.4 million or a 25% increase in the fourth quarter of 2014 when compared to the same period in 2013 and an increase of almost 8% in sequential quarters. Total revenues increased 17% or $4 million from $23.1 million to $27.1 million. The company’s total revenue was a record $97.0 million, an increase from $89.2 million, or almost 9%, for the year ended December 31, 2014, compared to the same period ended December 31, 2013. Operating income remained flat across both years at $22.0 million primarily due to higher depreciation expenses related to expansion of its rental fleet and increased selling, general and administrative expenses. Net income for the year ended December 31, 2014 decreased 1.8% to $14.1 million, when compared to net income of $14.4 million for the year ended 2013. The decrease is largely due to an increase in depreciation and selling, general and administrative expenses. Comparing 2014 versus 2013, earnings per diluted share was $1.11 compared to $1.15. EBITDA increased over 7% to $43.7 million or 45% of revenue for the year ended December 31, 2014 versus $40.7 million or 46% of revenue for the year ended December 31, 2013. Positive net cash flow from operating activities was approximately $34.6 million during the year ended December 31, 2014 compared to $39.2 million for 2013. The changes in operating cash flow relate to the cash contribution from net income and normal changes in its working capital accounts. Total revenues increased 9% to $97 million, while rental revenues grew 14% to $79 million. For the first six months of 2015, the company projected capital expenditures will be in the range of $10 million to $15 million range.

Natural Gas Services Group Inc. to Report Q4, 2014 Results on Mar 12, 2015

Natural Gas Services Group Inc. announced that they will report Q4, 2014 results Pre-Market on Mar 12, 2015

Natural Gas Services Group Inc., Q4 2014 Earnings Call, Mar 12, 2015

Natural Gas Services Group Inc., Q4 2014 Earnings Call, Mar 12, 2015

Natural Gas Services Group Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Natural Gas Services Group Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue was $25,599,000 compared to $21,865,000 for the same period a year ago. Operating income was $5,840,000 compared to $5,088,000 for the same period a year ago. Income before provision for income taxes was $5,967,000 compared to $5,210,000 for the same period a year ago. Net income was $3,883,000 compared to $3,394,000 for the same period a year ago. Diluted earnings per share were $0.30 compared to $0.27 for the same period a year ago. EBITDA increased 17% to $11.5 million or 45% of revenue versus $9.9 million or 45% of revenue for the same three months ended September 30, 2013. EBITDA increased 11% in the sequential quarters. For the nine months, the company reported total revenue was $69,873,000 compared to $66,106,000 for the same period a year ago. Operating income was $15,287,000 compared to $17,070,000 for the same period a year ago. Income before provision for income taxes was $15,461,000 compared to $17,418,000 for the same period a year ago. Net income was $10,124,000 compared to $11,233,000 for the same period a year ago. Diluted earnings per share was $0.80 compared to $0.90 for the same period a year ago. Net cash provided by operating activities was $26,497,000 compared to $28,397,000 for the same period a year ago. Purchase of property and equipment was $46,388,000 compared to $29,175,000 for the same period a year ago. EBITDA was $31,286,000 compared to $30,789,000 for the same period a year ago. At September 30, 2014, cash and cash equivalents were $5.1 million and total debt was $417,000.

Natural Gas Services Group Inc. to Report Q3, 2014 Results on Nov 06, 2014

Natural Gas Services Group Inc. announced that they will report Q3, 2014 results Pre-Market on Nov 06, 2014

 

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Price/Earnings 22.3x
Price/Sales 3.2x
Price/Book 1.5x
Price/Cash Flow 8.9x
TEV/Sales 3.2x
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