Natural Gas Services (NGS) Operating Expenses (2010 - 2026)

Natural Gas Services' (NGS) quarterly Operating Expenses came in at $35.4 million in Q1 2026, up 11.04% year-on-year from $31.9 million in Q1 2025, and down 9.33% quarter-over-quarter from $39.0 million in Q4 2025.

Natural Gas Services (NGS) Operating Expenses (2010 - 2026) Analysis & Trends

Natural Gas Services has disclosed Operating Expenses across 17 years of filings, most recently posting $35.4 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $35.4 million, up 11.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $138.5 million (up 8.48% YoY), and the FY2025 annual result was $135.0 million, up 9.4% from the prior year.
  • Operating Expenses came in at $35.4 million for Q1 2026 at Natural Gas Services, down from $39.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $39.0 million in Q4 2025 to a low of $19.3 million in Q2 2022.
  • The 5-year median for Operating Expenses is $30.0 million (2024), against an average of $28.8 million.
  • Across the five-year window, Operating Expenses slipped 12.88% in 2022 and soared 39.17% in 2023, its largest moves.
  • Natural Gas Services' Operating Expenses stood at $22.8 million in 2022, then jumped by 39.17% to $31.8 million in 2023, then climbed by 8.91% to $34.6 million in 2024, then advanced by 12.77% to $39.0 million in 2025, then declined by 9.33% to $35.4 million in 2026.
  • The last three Operating Expenses figures came in at $35.4 million (Q1 2026), $39.0 million (Q4 2025), and $32.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 732.00 Mn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.62 Bn 8.57 Bn - -76.01 Mn
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 1.03 Bn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 238.95 Mn
10 Natural Gas Services 501.72 Mn 499.41 Mn 30.25 Mn 35.39 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.39 Mn
Dec 31, 2025 39.04 Mn
Sep 30, 2025 32.65 Mn
Jun 30, 2025 31.46 Mn
Mar 31, 2025 31.88 Mn
Dec 31, 2024 34.62 Mn
Sep 30, 2024 31.23 Mn
Jun 30, 2024 29.99 Mn
Mar 31, 2024 27.59 Mn
Dec 31, 2023 31.78 Mn
Sep 30, 2023 26.47 Mn
Jun 30, 2023 26.25 Mn
Mar 31, 2023 26.22 Mn
Dec 31, 2022 22.84 Mn
Sep 30, 2022 22.34 Mn
Jun 30, 2022 19.27 Mn
Mar 31, 2022 19.95 Mn
Dec 31, 2021 26.21 Mn
Sep 30, 2021 19.81 Mn
Jun 30, 2021 20.04 Mn