Company Quick10K Filing
Natural Gas Services
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-05-10 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-18
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-09
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-03-10
10-Q 2016-09-30 Filed 2016-11-04
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-03-11
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-13
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-06
10-K 2013-12-31 Filed 2014-03-14
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-15
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-08
10-Q 2012-05-10 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-14
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-10
10-Q 2010-09-30 Filed 2010-11-03
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-04
8-K 2020-04-01 Earnings, Exhibits
8-K 2019-11-19 Earnings, Exhibits
8-K 2019-11-06
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-06-21 Officers, Shareholder Vote, Exhibits
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-03-18 Earnings, Exhibits
8-K 2018-11-09 Earnings, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-06-27 Shareholder Vote
8-K 2018-05-10 Earnings, Exhibits
8-K 2018-03-20 Officers
8-K 2018-03-09 Earnings, Exhibits

Natural Gas Services Financials

NGS Metrics, Comps, Filings

Quarterly | Annual

Business

We are a leading provider of small to medium horsepower compression equipment to the natural gas industry, with an emerging position in the large horsepower market. We focus primarily on the non-conventional natural gas and oil production business in the United States (such as coal bed methane, gas shale, tight gas and oil shales), which, according to data from the Energy Information Administration ("EIA"), is the single largest and fastest growing segment of U.S. hydrocarbon production. We manufacture, fabricate and rent natural gas compressors that enhance the production of natural gas wells and provide maintenance services for those compressors. In addition, we sell custom fabricated natural gas compressors to meet customer specifications dictated by well pressures, production characteristics and particular applications. We also manufacture and sell flare systems for oil and gas plant and production facilities.

The vast majority of our rental operations are in non-conventional natural gas and oil regions, which typically have lower initial reservoir pressures, lower production pressures and/or faster well decline rates. These areas usually require compression to be installed sooner and with greater frequency.

Natural gas compressors are used in a number of applications for the production and enhancement of gas wells and in gas transportation lines and processing plants. Compression equipment is often required to boost a well's production to economically viable levels and to enable gas to continue to flow in the pipeline to its destination.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Quarterly)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
FTS International (FTSI) 283,087 16% 9.3 -5% 685,500 639,000 882,400 138,100 -33,400 58,000 538,787
Nine Energy Service (NINE) 187,471 16% 48.0 -7% 1,081,583 474,804 898,975 139,533 -74,565 10,293 494,150
Mammoth Energy Services (TUSK) 122,909 16% 1.0 5% 1,023,089 294,662 566,997 89,156 49,942 189,801 193,311
KLX Energy Services Holdings (KLXE) 216,450 18% -18.8 -10% 657,900 329,200 591,000 104,500 -66,400 -18,000 338,150
Natural Gas Services (NGS) 176,366 0% 33.8 -4% 296,996 46,505 74,898 0 -11,584 4,646 156,884
Superior Energy Services (SPN) 14,092 25% -1.2 -43% 2,123,751 1,980,664 1,868,539 466,033 -907,381 -895,120 1,051,450
NCS Multistage (NCSM) 93,373 47% -0.5 -106% 213,065 51,218 203,579 95,541 -224,881 -206,848 103,548
Cypress Energy Partners (CELP) 155,608 13% 10.9 9% 171,742 115,189 399,289 52,297 15,351 20,411 223,251
Ranger Energy Services (RNGR) 61,394 0% 2.8 2% 308,400 105,900 342,000 0 6,600 38,800 107,394
Nuverra Environmental Solutions (NES) 65,846 0% 76.0 -9% 278,170 66,500 180,166 0 -26,216 1,295 98,360
Quintana Energy Services (QES) 61,958 0% -5.3 -26% 267,495 128,827 548,027 0 -69,178 -15,022 80,021
Basic Energy Services (BAS) 40,093 32% -25.9 -21% 667,629 539,684 565,414 183,549 -140,806 -11,686 303,144
Key Energy Services (KEG) 28,493 19% -9.8 -24% 374,146 445,992 86,943 -90,311 -25,335 249,012
Recon Technology (RCON) 17,221 14% 5.3 1% 156,982 50,281 7,802 1,092 2,014 2,387 12,700
Enservco (ENSV) 14,430 18% 5.5 -11% 40,458 39,847 38,143 7,023 -4,310 3,081 16,798
U.S. Well Services (USWS) 16% 7.0 -16% 656,000 431,877 540,511 86,789 -108,043 41,560 291,741
North American Energy Partners (NOA)
NexTier Oilfield Solutions (NEX) 23% 0.6 -2% 1,058,827 586,823 1,779,889 411,648 -17,101 286,811 181,292
Select Energy Services (WTTR) 12% -0.4 0% 1,376,857 250,738 1,377,819 161,338 3,139 100,241 -42,999
CSI Compressco (CCLP) 24% 28.0 -3% 849,929 798,905 491,107 117,513 -22,718 22,479 630,299

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-05-102012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-05-102019-06-302019-09-30
Cash16,86116,46116,39029,43830,47230,92428,08631,28129,33027,72724,44320,60714,4395,0736,1818,62021,53229,97835,53243,05552,16661,15764,09474,37073,03872,92469,20865,13862,49063,26752,62839,99229,91119,482
Accounts Receivable4,7803,9535,6793,1044,6093,7316,6915,4306,3175,3776,7506,6077,1139,51210,4089,6299,4437,5579,10710,8475,0125,3327,3784,6816,1717,1638,5347,7199,3758,1167,21910,29811,38311,224
Inventory22,76523,86926,96526,58626,72926,65226,50924,76726,20327,54526,83225,76428,30231,35032,62427,47827,24528,08527,72225,09524,67524,36825,83323,90025,43128,37926,22425,74923,04219,06530,97435,49930,30230,289
PP&E7,47517,12118,19219,35219,02018,92628,143
Assets197,982202,680212,164220,432223,833230,128232,751236,071244,394249,900256,589258,367267,818278,208283,563281,720281,997287,682285,553288,365288,264291,624293,524292,441292,774294,986298,310296,360295,712298,752305,401304,357304,555296,996
Accounts Payable2,6513,1883,7302,6192,0942,0593,4202,5435651,5993,9042,9842,2895,6624,9902,3251,1131,4591,2266056909029714961,3091,8304,1621,3228011,4242,1223,4502,5794,183
Long-Term Debt
Liabilities42,23744,34450,62255,05855,00758,23256,92656,08959,76461,06663,85261,94866,85472,43472,97667,15665,88067,95361,57261,73759,76161,02060,57057,67856,90457,77940,99138,72637,31738,94545,22042,96141,98546,505
Stockholders' Equity155,745158,336161,542165,374168,826171,896175,825179,982184,630188,834192,737196,419200,964205,774210,587214,564216,117219,729223,981226,628228,503230,604232,954234,763235,870237,207257,319257,634258,395259,807260,181261,396262,570250,491
Income Statement ($'000)2011-06-302011-09-302011-12-312012-05-102012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-05-102019-06-302019-09-30
Revenue13,75817,7014,83326,37624,50819,29023,54823,98320,25821,86523,14222,32222,40925,59927,10124,74124,23021,19325,75521,57617,19416,18116,70318,90216,21815,91316,66014,71818,20416,39616,16017,99119,89520,852
Cost of Revenue
Gross Profit
R&D
SG&A1,4621,5691,4931,8102,3471,9591,7771,8462,0352,1422,1182,6432,6902,5272,4742,5882,8762,6672,8582,5692,1522,1012,1893,0462,3902,3402,3052,0212,3092,3532,4932,6822,791
Tax1,2311,36702,1501,8871,5912672,4481,9211,8161,9371,5091,7442,0842,6932,1323071,2491,4291,550605322-174923,2031,085-18,43749660153197-1,240
Net Income2,0082,2313,0243,5084,2772,6063,5713,9943,8443,3943,1582,8563,3853,8834,0043,6946142,5623,2772,5411,2591,5091,16025237552218,702225247236-282357573-12,232
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-05-102012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-05-102019-06-302019-09-30
Cash Operating8,0379,55914,8415,51311,1923,87210,9358,4848,97810,8479,6158,6168,2668,06711,62513,6939,5026,79110,0339,7699,7083,26110,785-5733,9423,2985,1285,73212,176-3,84610,29314,162
Cash Investing-8,354-8,651-1,787-4,532-10,755-6,687-7,713-10,716-10,746-14,149-13,439-14,983-17,727-6,953-8,668-813-1,569-1,265-1,965-733-754-948-530-604-4,050-7,607-8,851-8,236-11,916-9,148-20,328-24,095
Cash Financing-83-979-65315-23-2728116518-1219995-6-5183251328-545753762421-155-6593-347-144517358-46-496