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NGS on NYSE

NATURAL GAS SERVICES GROUP INC

NATURAL GAS SERVICES GROUP INC is an oil and gas field services company, listed on NYSE (NGS).1 It is headquartered in Midland, Texas.1

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Last updated Oct 21, 2026.

Overview

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  • TickerNGS on NYSE1
  • IndustryOil & Gas Field Services, NEC1
  • HeadquartersMidland, Texas1
  • Business address404 Veterans Airpark Lane, Suite 300, Midland, Tx 797052
  • Filer categoryAccelerated filer2

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We were incorporated in December 1998 and initially operated as a holding company of a group of subsidiaries that were engaged in the manufacturing, operation and leasing of natural gas compression equipment, flares and related assets to the natural gas industry with a focus on unconventional natural gas production plays in the U.S. (such as coalbed methane, gas shales and tight gas). We completed our initial public offering in October 2002 and our common stock began trading on the American Stock Exchange under the symbol “NGS.” In October 2008, our common stock began trading on the New York Stock Exchange.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.6%Operating margin5
11.6%Net margin5
9.9%Revenue growth, 20255
7.3%Return on equity5
-$58.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Aftermarket Services brought in 33% of the revenue NATURAL GAS SERVICES GROUP INC broke down this way in fiscal 2025.

  1. Aftermarket Services$4.0M533%down 18% from 2024
  2. Product Sales$4.0M533%down 48% from 2024
  3. Other Parts Rebuilds$2.1M518%down 58% from 2024
  4. Compressor Related$1.9M516%down 25% from 2024
Products and services by year
Products and services202320242025
Aftermarket Services$6.1M$4.9M$4.0M
Product Sales$8.9M$7.6M$4.0M
Other Parts Rebuilds$6.3M$5.1M$2.1M
Compressor Related$2.6M$2.5M$1.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin13¢$22.4M
  • Other costs72¢$123.4M
  • Income tax4¢$6.6M
  • Profit12¢$19.9M

Out of $172.3M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending98¢$121.5M
  • Dividends paid2¢$2.6M

Out of $62.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$172.3M in 2025+693% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $21.7M$21.7M20192020: $7.2M$7.2M2020−67%2021: $8.8M$8.8M2021+22%2022: $10.4M$10.4M2022+18%2023: $15.0M$15.0M2023+45%2024: $156.7M$156.7M2024+944%2025: $172.3M$172.3M2025+10%
Operating income678105$37.3M in 2025
-$20.0M0$20.0M$40.0M2019: -$15.2M-$15.2M20192020: -$3.6M-$3.6M2020−76%2021: -$12.4M-$12.4M2021+245%2022: $431.0K$431.0K20222023: $10.5M$10.5M2023+2326%2024: $33.3M$33.3M2024+219%2025: $37.3M$37.3M2025+12%
Net income678105$19.9M in 2025
-$20.0M-$10.0M0$10.0M$20.0M2019: -$13.9M-$13.9M20192020: $1.8M$1.8M20202021: -$9.2M-$9.2M20212022: -$569.0K-$569.0K2022−94%2023: $4.7M$4.7M20232024: $17.2M$17.2M2024+263%2025: $19.9M$19.9M2025+16%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Rental$164.3M$144.2M$106.2M
Total revenue$172.3M$156.7M$121.2M
Rental$64.7M$56.9M$48.9M
Sales$4.2M$7.9M$8.9M
Aftermarket services$2.8M$4.0M$4.7M
Total cost of revenues (excluding depreciation and amortization)$71.8M$68.8M$62.5M
Selling, general and administrative expenses$22.4M$21.0M$16.9M
Depreciation and amortization$36.7M$31.3M$26.6M
Impairments$2.6M$841.0K$779.0K
Inventory allowance$1.1M$1.9M$4.0M
Retirement of rental equipment$728.0K$28.0K$505.0K
Gain on disposition of assets, net-$270.0K-$430.0K-$481.0K
Total operating costs and expenses$135.0M$123.4M$110.7M
Operating income$37.3M$33.3M$10.5M
Interest expense-$13.6M-$11.9M-$4.1M
Interest income$2.4M$0$0
Other income (expense), net$354.0K$268.0K$245.0K
Total other expense, net-$10.8M-$11.7M-$3.8M
Income before income taxes$26.5M$21.7M$6.6M
Provision for income taxes-$6.6M-$4.4M-$1.9M
Net income$19.9M$17.2M$4.7M
Basic (in dollars per share)$1.59$1.39$0.39
Diluted (in dollars per share)$1.57$1.37$0.38
Basic (in shares)12.5M shares12.4M shares12.3M shares
Diluted (in shares)12.7M shares12.6M shares12.4M shares

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Corporate structure

NATURAL GAS SERVICES GROUP INC sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NATURAL GAS SERVICES GROUP INC

  • AWM Investment Company, Inc. Filed SCHEDULE 13G/A on NATURAL GAS SERVICES GROUP INC, latest May 4, 2026 (4 filings since Feb 11, 2022)
  • FRANKLIN MUTUAL ADVISERS LLC Filed SCHEDULE 13G/A on NATURAL GAS SERVICES GROUP INC, latest Apr 28, 2026 (2 filings since Feb 2, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on NATURAL GAS SERVICES GROUP INC, latest Mar 27, 2026 (2 filings since Jan 30, 2026)
  • Hoak Public Equities, LP Filed SCHEDULE 13D/A on NATURAL GAS SERVICES GROUP INC, latest Jan 26, 2026 (6 filings since Nov 28, 2022)
  • Mill Road Capital III, L.P. Filed SCHEDULE 13D/A on NATURAL GAS SERVICES GROUP INC, latest Jan 23, 2025 (7 filings since Dec 23, 2022)
  • Stephen Charles Taylor Filed SC 13D on NATURAL GAS SERVICES GROUP INC, latest Nov 25, 2024
  • AEGIS FINANCIAL CORP Filed SC 13G/A on NATURAL GAS SERVICES GROUP INC, latest Nov 12, 2024 (2 filings since Feb 8, 2024)
  • BlackRock Filed SC 13G on NATURAL GAS SERVICES GROUP INC, latest Nov 8, 2024 (2 filings since Oct 22, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on NATURAL GAS SERVICES GROUP INC, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • FMR LLC Filed SC 13G/A on NATURAL GAS SERVICES GROUP INC, latest Jun 12, 2023 (4 filings since Feb 9, 2022)
  • NATURAL GAS SERVICES GROUP INC Midland, Texas
    • NGSG Properties, LLC Subsidiary · Colorado, United States
    • Rabbi Trust associated with the Company's Non-qualified Deferred Compensation Plan Subsidiary · Texas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NATURAL GAS SERVICES GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$43.5M5 Dec 31, 2025$42.1M5 Dec 31, 2024+3.3%
Accumulated depreciation$23.0M5 Dec 31, 2025$19.2M5 Dec 31, 2024+20.1%
Property and equipment, net$20.5M5 Dec 31, 2025$23.0M5 Dec 31, 2024−10.7%
Finance-lease assets$010 Dec 31, 2024$1.0M10 Dec 31, 2023−100.0%
Operating-lease assets (leased space)$2.4M5 Dec 31, 2025$607.0K5 Dec 31, 2024+290.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$05 Dec 31, 2025$2.1M5 Dec 31, 2024−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$010 Dec 31, 2024$775.0K10 Dec 31, 2023−100.0%
Finite-lived intangibles, gross$010 Dec 31, 2024$3.2M10 Dec 31, 2023−100.0%
Accumulated amortization$010 Dec 31, 2024$2.4M10 Dec 31, 2023−100.0%
Finite-lived intangibles, net$010 Dec 31, 2024$775.0K10 Dec 31, 2023−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$20.6M5 Dec 31, 2025$18.1M5 Dec 31, 2024+14.4%
Work in process$543.0K5 Dec 31, 2025$345.0K5 Dec 31, 2024+57.4%

Properties, in its own words

The table below describes the material facilities that we owned or leased as of December 31, 2025:

Location (1) · Status · Square Feet · Uses

The rest of Item 2

Tulsa, Oklahoma · Owned and Leased · 91,780 · Compressor assembly, rental and services

Lewiston, Michigan · Owned · 15,360 · Parts and service center

Midland, Texas · Leased · 12,800 · Administrative office

Midland, Texas · Leased · 9,340 · Parts and service center

Pecos, Texas · Leased · 7,500 · Parts and service center

Bloomfield, New Mexico · Owned · 7,000 · Parts and service center

Southlake, Texas · Leased · 6,940 · Headquarters and Executive office

Godley, Texas · Leased · 5,000 · Parts and service center

Bridgeport, Texas · Leased · 4,500 · Parts and service center

Odessa, Texas · Owned · 4,100 · Parts and service center

Carlsbad, New Mexico · Leased · 4,000 · Parts and service center

Carrollton, Ohio · Leased · 2,600 · Parts and service center

Wheeler, Texas · Leased · 2,160 · Parts and service center

Our corporate headquarters and executive office is located at 601 State Street, Suite 400, Southlake, Texas 76092 and our main office telephone number is (432) 262-2700.

(1) The above table excludes our former fabrication and corporate headquarters facilities in Midland, Texas for which we began efforts to market for sale in the second quarter of 2025 and first quarter of 2026, respectively. See Note 5 (“Assets Held for Sale and Restructuring Activities”), Note 7 (“Property and Equipment”) and Note 19 (“Subsequent Events”) to our Consolidated Financial Statements. Also excludes certain properties that are leased for temporary housing of our operations personnel in certain of our more remote operating regions.

We believe that our properties are generally well maintained and in good condition and adequate for our operating and administrative purposes.

Item 2 of the 10-K filed Mar 16, 2026.4

Leadership

Who has led NATURAL GAS SERVICES GROUP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Chisholm2022
  2. Justin Jacobs2024–now

President

  1. John Chisholm2022
  2. Brian L. Tucker2023–now

Chief financial officer

  1. G. Larry Lawrence2011–2021
  2. James R. Lawrence2019–2020
  3. Micah C. Foster2021–2023
  4. James D. Faircloth2023
  5. John D. Bittner2023
  6. Ian M. Eckert2025–now

Chief operating officer

  1. Brian L. Tucker2023–now
2010201520202025
Board members and other officers (21)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • NGSG Properties, LLC Colorado3
  • Rabbi Trust associated with the Company's Non-qualified Deferred Compensation Plan Texas3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 12, 20268-K Results of operations; Regulation FD disclosure44
  2. Aug 10, 20268-K Results of operations; Other events45
  3. Aug 10, 20268-K Financial statements and exhibits46
  4. Jul 24, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed47
  5. Jul 10, 20268-K Change of auditor48
  6. Jul 8, 20268-K Regulation FD disclosure49
  7. Jun 17, 20268-K Regulation FD disclosure50
  8. Jun 15, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation51
  9. Jun 11, 20268-K Entered a material agreement; Shareholder vote52
  10. May 13, 20268-K Results of operations; Regulation FD disclosure53
  11. May 11, 20268-K Results of operations; Other events54
  12. Mar 18, 20268-K Results of operations; Regulation FD disclosure55
  13. May 13, 2024New chief executive Justin Jacobs becomes CEO13
  14. Jun 13, 2022New chief executive John Chisholm becomes CEO14

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.46 a share, on Nov 10, 2025.56

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results44
  2. Aug 10, 2026Reported quarterly or annual results45
  3. May 13, 2026Reported quarterly or annual results53
  4. May 11, 2026Reported quarterly or annual results54
  5. Mar 18, 2026Reported quarterly or annual results55
  6. Mar 16, 2026Reported quarterly or annual results57
  7. Nov 12, 2025Reported quarterly or annual results58
  8. Nov 10, 2025Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

352 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 82 major events, 154 insider forms, 33 large holders, 62 other. The latest 20:

  1. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 3, 20264/A PRIMARY DOCUMENT EDGAR
  3. Aug 12, 20268-K EDGAR
  4. Aug 10, 20268-K/A EDGAR
  5. Aug 10, 20268-K EDGAR
  6. Aug 10, 202610-Q EDGAR
  7. Jul 24, 20268-K EDGAR
  8. Jul 10, 20268-K EDGAR
  9. Jul 8, 20268-K EDGAR
  10. Jun 17, 20268-K EDGAR
  11. Jun 15, 20268-K EDGAR
  12. Jun 11, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 11, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 11, 20264 PRIMARY DOCUMENT EDGAR
  15. Jun 11, 20264 PRIMARY DOCUMENT EDGAR
  16. Jun 11, 20263 PRIMARY DOCUMENT EDGAR
  17. Jun 11, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 11, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 11, 20268-K EDGAR
  20. Jun 9, 20264 PRIMARY DOCUMENT EDGAR

The 352 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

54 open-market trades by officers, directors and large owners since October 2021: 5 buys and 49 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 6, 2026Taylor Stephen CharlesDirectorSale30,000$37.23$1.1MForm 4
Mar 5, 2026Taylor Stephen CharlesDirectorSale70,000$37.58$2.6MForm 4
Dec 11, 2025Taylor Stephen CharlesDirectorSale10,000$33.54$335.4KForm 4
Dec 10, 2025Taylor Stephen CharlesDirectorSale10,000$33.16$331.6KForm 4
Dec 8, 2025HOLLEY JEAN KDirectorBuy2,190$32.04$70.2KForm 4
Dec 8, 2025HOLLEY JEAN KDirectorBuy935$32.00$29.9KForm 4
Dec 4, 2025Taylor Stephen CharlesDirectorSale20,000$32.12$642.4KForm 4
Nov 20, 2025Taylor Stephen CharlesDirectorSale10,000$31.37$313.7KForm 4
Nov 19, 2025Taylor Stephen CharlesDirectorSale10,000$30.31$303.1KForm 4
Nov 17, 2025Taylor Stephen CharlesDirectorSale10,000$31.01$310.1KForm 4
Nov 10, 2025Taylor Stephen CharlesDirectorSale18,748$29.77$558.1KForm 4
Nov 7, 2025Taylor Stephen CharlesDirectorSale11,152$29.06$324.0KForm 4
Nov 6, 2025Taylor Stephen CharlesDirectorSale100$29.00$2.9KForm 4
Sep 26, 2025Taylor Stephen CharlesDirectorSale7,915$28.50$225.6KForm 4
Sep 25, 2025Taylor Stephen CharlesDirectorSale759$28.50$21.6KForm 4
Sep 24, 2025Taylor Stephen CharlesDirectorSale1,326$28.50$37.8KForm 4
Sep 23, 2025Taylor Stephen CharlesDirectorSale11,457$27.95$320.2KForm 4
Sep 19, 2025Taylor Stephen CharlesDirectorSale63$27.50$1.7KForm 4
Sep 18, 2025Taylor Stephen CharlesDirectorSale1,638$27.50$45.0KForm 4
Sep 17, 2025Taylor Stephen CharlesDirectorSale6,553$27.51$180.3KForm 4

All 54 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Justin C. JacobsChief Executive Officer$581.2K$3.0M70
2025Brian L. Tucker FormerPresident and Chief Operating Officer$333.3K$1.1M70
2025Ian M. EckertChief Financial Officer$415.0K$828.3K70
2024Justin C. JacobsChief Executive Officer$464.8K$2.3M70
2024Brian L. Tucker FormerPresident and Chief Operating Officer$400.0K$1.2M70
2024Ian M. EckertChief Financial Officer$2.3K$739.5K70
2023Brian L. Tucker FormerPresident and Chief Operating Officer$92.1K$253.7K70

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.961,577$41.5M0.0%+171,797
Dimensional Fund Advisors LP850,080$36.7M0.0%+6,283
First Eagle Investment Management, LLC695,370$30.0M0.0%+408,182
Aegis Financial Corp584,872$25.2M4.0%−2,140
Vanguard Capital Management LLC513,031$22.1M0.0%+2,036
Weber Capital Management LLC /adv479,712$20.7M17.6%−2,052
Two Sigma Investments, LP410,330$17.7M0.0%+45,121
American Century Companies Inc408,165$17.6M0.0%+69,143
Ameriprise Financial Inc380,171$16.4M0.0%+42,600
Royce & Associates LP363,319$15.7M0.1%+10,003
Morgan Stanley322,382$13.9M0.0%+59,176
Geode Capital Management, LLC320,351$13.8M0.0%+34,538
State Street Corp303,156$13.1M0.0%+104,169
Pacific Ridge Capital Partners, LLC303,023$13.1M2.4%−2,351
Renaissance Technologies LLC214,142$9.2M0.0%−23,900
Bridgeway Capital Management, LLC199,064$8.6M0.2%−14,439
AWM Investment Company, Inc.189,732$8.2M0.7%−25,044
Citadel Advisors LLC184,747$8.0M0.0%−7,292
Millennium Management LLC178,871$7.7M0.0%−33,671
Phocas Financial Corp.154,426$6.7M0.9%−8,039
Russell Investments Group, Ltd.147,583$6.4M0.0%−31,938
RBF Capital, LLC140,000$6.0M0.3%No change
Cannell Capital LLC122,387$5.3M3.7%−69,294
Qube Research & Technologies Ltd122,284$5.3M0.0%−60,360
Vanguard Portfolio Management LLC116,937$5.0M0.0%+38,021

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How NATURAL GAS SERVICES GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNATURAL GAS SERVICES GROUP INC1
  • CIK0001084991
  • Employer ID (EIN)75-28118554
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inColorado4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address404 Veterans Airpark Lane, Suite 300, Midland, TX 797051
  • Phone(432) 262-27001
  • Shares outstanding12,898,285 as of Aug 7, 202612
  • Public float$181.9M as of Jun 30, 20254
  • AuditorHam, Langston & Brezina, LLP, Houston, Texas PCAOB ID 298; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMay 15, 20021
  • Filings1,268 in all: 4 (488), 8-K (268), SC 13G/A (66), 10-Q (62), 3 (40), SC 13G (31), 144 (29), DEFA14A (27)1
    All 50 form types

    4/A (24), DEF 14A (24), 10-K (21), CORRESP (19), UPLOAD (18), SC 13D/A (14), SD (12), 10QSB (10), S-8 (10), SC 13D (9), ARS (8), 3/A (7), S-3 (7), S-3/A (7), 5 (6), 8-K/A (6), EFFECT (5), 10-K/A (4), SB-2/A (4), SCHEDULE 13D/A (4), 10KSB (3), 10QSB/A (3), 424B1 (3), 424B3 (3), SCHEDULE 13G/A (3), 10KSB/A (2), 25 (2), 8-A12B (2), NT 10-Q (2), POS AM (2), PRE 14A (2), 10-Q/A (1), 424B5 (1), CERTAMX (1), CERTNYS (1), NT 10-K (1), POS462B (1), S-1 (1), S-1/A (1), S-1MEF (1), SB-2 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 28, 2026
    Latest 8-K (8-K) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.01 par valueNGSNew York Stock Exchange

From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks NATURAL GAS SERVICES GROUP INC names in Item 1A of its 10-K filed Mar 16, 2026: 35 risks under these headings, as written.4

  • Risks Associated With Our Industry
  • Decreased oil and gas prices and oil and gas industry expenditure levels adversely affect our revenue.
  • The intense competition in our industry could result in reduced profitability and loss of market share for us.
  • Adverse macroeconomic and business conditions may significantly and negatively affect our results of operations.
  • Continued elevated levels of inflation could have an adverse impact on our operating results.
  • A reduction in demand for oil could adversely affect our business.
  • Our industry is highly cyclical, and our results of operations may be volatile.
  • Increased regulation or ban of current fracturing techniques could reduce demand for our compressors.
  • We are subject to extensive environmental laws and regulations that could require us to take costly compliance actions that could harm our financial condition.
  • Increasing attention to environmental, social and governance matters and future related reporting requirements may impact our business, financial results and stock price.
  • Federal and state governments and agencies continue to evaluate and promulgate legislation and regulations that are focused on restricting GHG emissions. Compliance with climate action regulations applicable to our customers’ operations may have significant implications that could adversely affect our business and operating results in the fossil fuel sectors, and boosting demand for technologies contributing to the climate action agenda.
  • Risks Associated With Our Company
The other 25 risks
  • Approximately one half of our compressor unit rental agreements, representing approximately one quarter of our rented horsepower, are month-to-month in duration, which, if terminated or not renewed, would adversely impact our revenue and our ability to recover our initial equipment costs.
  • We depend on particular suppliers and are vulnerable to product shortages and price increases.
  • Our operations entail inherent risks and we could be subject to substantial liability claims that could harm our financial condition. Our insurance coverage may not insure against all potential losses and we could be materially harmed by unexpected losses and liabilities.
  • A significant amount of our revenues and accounts receivable are related to two customers and a loss of these customers or other current customers could adversely affect our results of operations.
  • Loss of key members of our management could adversely affect our business.
  • The erosion of the financial condition of our customers could adversely affect our business.
  • We might be unable to employ qualified technical personnel, which could hamper our present operations or increase our costs.
  • We may require a substantial amount of capital to expand our compressor rental fleet and grow our business.
  • Our debt levels may negatively impact our current and future financial stability.
  • If we borrow under the Credit Facility and are unable to service our debt, we will likely be forced to take remedial steps that are contrary to our business plan.
  • Our Credit Facility contains covenants that limit our operating and financial flexibility and, if breached, could expose us to severe remedial provisions.
  • Our Credit Facility contains a variable interest rate and increases to such rate may increase our borrowing cost.
  • If we fail to acquire or successfully integrate additional businesses, our growth may be limited and our results of operations may suffer.
  • Failure to effectively manage our business and growth could adversely affect our operating results and our internal controls.
  • Liability to customers under warranties and indemnification provisions may materially and adversely affect our results of operations.
  • Our ability to to use net operating loss carryforwards to offset future taxable income may be subject to certain limitations.
  • Failure to maintain effective internal controls could have a material adverse effect on our operations.
  • We rely on computer and telecommunications systems, and failures in our systems or cyber security attacks or breaches could result in information theft, data corruption, disruption in operations and/or financial loss.
  • Risks Associated With Our Common Stock
  • The price of our common stock may fluctuate.
  • Future sales of our common stock could adversely affect our stock price.
  • We have a comparatively low number of shares of common stock outstanding and, therefore, our common stock may suffer from limited liquidity and its price will likely be volatile and its value may be adversely affected.
  • The declaration of dividends and any repurchases of our common stock are each within the discretion of our Board of Directors based upon a review of relevant considerations, and there is no guarantee that we will pay any dividends on or repurchase shares of our common stock in the future or at levels anticipated by our stockholders.
  • If we issue debt or equity securities, you may lose certain rights and your ownership may be diluted.
  • If securities analysts downgrade our stock or cease coverage of us, the price of our stock could decline.
  • Provisions contained in our governing documents could hinder a change in control.

Legal proceedings

From time to time, we are a party to various legal proceedings in the ordinary course of our business. While management is unable to predict the ultimate outcome of these actions, we believe that any ultimate liability arising from these actions will not have a material effect on our financial position, results of operations or cash flows. We are not currently a party to any bankruptcy, receivership, reorganization, adjustment or similar proceeding, and we are not aware of any material threatened litigation.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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