Natural Gas Services (NGS) Operating Expenses (2010 - 2026)
Natural Gas Services' (NGS) quarterly Operating Expenses came in at $41.5 million in Q2 2026, up 31.86% year-over-year from $31.5 million in Q2 2025, and up 17.19% quarter-over-quarter from $35.4 million in Q1 2026.
Analysis
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 $41.5 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 31.86% year-over-year to $41.5 million; the TTM figure through Jun 2026 stood at $148.6 million (up 15.0% YoY), while the FY2025 annual figure was $135.0 million, up 9.4% from the prior year.
- Operating Expenses came in at $41.5 million for Q2 2026 at Natural Gas Services, up from $35.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $41.5 million in Q2 2026 to a low of $19.3 million in Q2 2022.
- Average Operating Expenses over 5 years is $29.5 million, with a median of $30.6 million recorded in 2024.
- Year-over-year, Operating Expenses dropped 12.88% in 2022 and jumped 39.17% in 2023.
- Over 5 years, 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 advanced by 6.26% to $41.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $41.5 million in Q2 2026, $35.4 million in Q1 2026, and $39.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 83.61 Bn | 79.54 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 58.75 Bn | 43.02 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Halliburton | 30.20 Bn | 28.15 Bn | 2.10 Bn | 4.94 Bn |
| 4 | Weatherford International | 6.47 Bn | 5.33 Bn | 662.00 Mn | 998.00 Mn |
| 5 | Kodiak Gas Services | 6.06 Bn | 5.92 Bn | 246.76 Mn | 266.88 Mn |
| 6 | Tidewater | 4.59 Bn | 3.98 Bn | 161.54 Mn | 279.76 Mn |
| 7 | USA Compression Partners | 4.04 Bn | 4.03 Bn | 217.36 Mn | 241.76 Mn |
| 8 | National Energy Services Reunited | 3.42 Bn | 3.23 Bn | 81.29 Mn | 12.02 Mn |
| 9 | Liberty Energy | 3.41 Bn | 2.85 Bn | 208.34 Mn | 1.18 Bn |
| 10 | Natural Gas Services | 472.05 Mn | 472.05 Mn | 30.81 Mn | 41.48 Mn |
Historic Data
Download Data
Historic 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 |