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| Date | Value |
|---|---|
| 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 |