Natural Gas Services Group, Inc. (NGS) is a Energy stock trading at $35.29 (as of 2026-09-02), with a market capitalization of $454.79M and a trailing P/E of 22.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, and sells natural gas compressors and related equipment. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production. As of December 31, 2021, the company had 2,023 natural gas compression units in its rental fleet with 418,041 horsepower. The company also engages in the design, fabrication, and assembly of compressor components into compressor units for rental or sale; engineers and fabricates natural gas compressors; and designs and manufactures a line of reciprocating compressor frames, cylinders, and parts. In addition, it is involved in the design, fabrication, sale, installation, and service of flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas, and liquefied petroleum gases. Further, the company offers customer support services for its compressor and flare sales business; and exchange and rebuild program for small horsepower screw compressors. Its primary customers are exploration and production(E&P) companies that utilize compressor units for artificial lift applications; E&P companies that focuses on natural gas-weighted production; and midstream companies. Natural Gas Services Group, Inc. was incorporated in 1998 and is headquartered in Midland, Texas.
NGS rents, fabricates, and sells natural gas compressors (small to large horsepower) to oil and gas producers, earning recurring rental fees on machines deployed at well sites. The business is a physical fleet: utilization, price per horsepower per month, and contract length drive earnings, with most revenue anchored in the Permian Basin.
Revenue equals horsepower deployed times utilization times price per horsepower per month, and 80% of rented horsepower sits in term contracts that lock in multi-year revenue visibility.
Business quality (Solid): Solid: 19% operating margin with 24% revenue growth underpinned by a 2,000+ unit fleet and term-contract visibility, though geographic concentration and capex intensity limit the quality premium.
Valuation: At 19× earnings, NGS trades 21% above the Petroleum & Natural Gas average (16×).
| Price | $35.29 |
| Market Cap | $454.79M |
| P/E Ratio | 22.2 |
| EV / EBITDA | 5.9 |
| Price / Book | 1.54 |
| Price / Sales | 2.40 |
| FCF Yield | -12.9% |
| DCF Value (model) | $34.09 |
| DCF Upside vs Price | -3.4% |
| Revenue (TTM) | $172.31M |
| Net Margin | 11.6% |
| Revenue Growth (YoY) | 24.2% |
| EPS Growth (YoY) | -28.6% |
| FCF Growth (YoY) | -212.7% |
| Altman Z-Score | 1.83 (grey) |
| Stock P/E | 22.2 |
| Sector P/E (Energy) | 16.1 |
| Industry P/E (Petroleum & Natural Gas) | 15.4 |
| vs Sector | 38.2% |
| vs Industry | 44.3% |
| Top Institutional Holder | DIMENSIONAL FUND ADVISORS LP ($31.85M) |
| Institutional Holders Tracked | 10 |
| Sector | Energy |
| Industry | Petroleum & Natural Gas |
| CEO | Justin C. Jacobs |
| Employees | 245 |
| Country | US |
| IPO Date | 2002-10-22 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.