Natural Gas Services Group Inc

Natural Gas Services Group (NGS) provides natural gas compression equipment and services to the oil and natural gas industry in the United States. The company primarily rents large horsepower compression equipment to exploration and production companies and midstream operators, with approximately 80% of rental revenue generated in the Permian Basin. NGS operates a fleet of approximately 759,000 available horsepower, with 670,000 rented horsepower at 88.3% utilization. The company has been shifting its fleet toward large horsepower units (now 75% of rented horsepower) and electric motor drive equipment (nearly 10% of the rented fleet). Following its June 2026 acquisition of Flatrock Compression, NGS expanded its presence in the Midland Basin and Eagle Ford, diversified its customer base, and materially increased its electric motor drive capabilities. The company focuses on four value drivers: fleet optimization, asset utilization, organic growth, and accretive M&A. NGS re-domesticated from Colorado to Texas in July 2026 and adopted more shareholder-friendly governance, including elimination of its staggered board. Updated Aug 12, 2026