Natural Gas Services (NGS) Operating Expenses (2010 - 2026)
Natural Gas Services (NGS) posted Operating Expenses of $35.4 million for Q1 2026, down 9.33% sequentially from $39.0 million in Q4 2025, and up 11.04% YoY from $31.9 million in Q1 2025.
Natural Gas Services (NGS) Operating Expenses (2010 - 2026) Analysis & Trends
Natural Gas Services has reported Operating Expenses for 17 years, with the latest figure at $35.4 million in Q1 2026.
- Quarterly Operating Expenses rose 11.04% year-over-year to $35.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $138.5 million (up 8.48% YoY) and the FY2025 annual result came in at $135.0 million, up 9.4% from the prior year.
- Operating Expenses eased to $35.4 million in Q1 2026 per NGS's latest filing, from $39.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $39.0 million in Q4 2025 and troughed at $19.3 million in Q2 2022.
- A 5-year average of $28.8 million and a median of $30.0 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses declined 12.88% in 2022, then surged 39.17% in 2023.
- Over 5 years, Operating Expenses stood at $22.8 million in 2022, then soared by 39.17% to $31.8 million in 2023, then increased by 8.91% to $34.6 million in 2024, then grew by 12.77% to $39.0 million in 2025, then retreated by 9.33% to $35.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $35.4 million, $39.0 million, and $32.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.83 Bn | 75.76 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.02 Bn | 46.29 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 52.91 Bn | 43.88 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.94 Bn | 29.70 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.51 Bn | 27.47 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.26 Bn | 6.10 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.56 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.69 Bn | 5.55 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.54 Bn | 5.54 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Natural Gas Services | 449.01 Mn | 449.01 Mn | 30.81 Mn | 41.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.48 Mn |
| 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 |