Natural Gas Services: 2Q Earnings Snapshot

August 9, 2018

MIDLAND, Texas (AP) _ Natural Gas Services Group Inc. (NGS) on Thursday reported second-quarter profit of $247,000.

The Midland, Texas-based company said it had net income of 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The maker of natural gas compression equipment and industrial flare systems posted revenue of $18.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $17.5 million.

Natural Gas Services shares have decreased 15 percent since the beginning of the year. The stock has fallen almost 10 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGS at https://www.zacks.com/ap/NGS

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