May. 27 at 1:06 PM
$NGS Record Revenue & Guidance Lift
The Ledger: NGS filed its Q1 2026 data, showing an exceptional structural expansion. Total revenue hit
$48.5 million (up 17% YoY), driven entirely by record quarterly rental revenue of
$47.1 million (up 21.1% YoY).
The Drivers: High-horsepower utilization notched an all-time company record of 86.9%, with total rented capacity scaling to 575,000 horsepower as production in the Permian basin heavily intensifies.
The Payout Catalyst: Backed by a net income jump to
$0.53 per diluted share (beating the
$0.38 prior-year baseline), the Board authorized a massive 36% hike to the quarterly dividend, moving from
$0.11 to
$0.15 per share.
Forward Outlook: High operating leverage caused management to lift full-year 2026 Adjusted EBITDA guidance up to
$92.5M–
$97.5M while maintaining their aggressive growth CapEx budget of
$55M–
$70M.
