NGS Raises 2026 EBITDA Guidance to $108M After Record Q2, Declares Dividend
NGS sits 60% above its 52-week low of $23.17.
Summary
NGS delivered a record Q2 with rental revenue up 25% YoY to $49.4M and Adjusted EBITDA up 27% to $25.1M, driven by strong demand and the Flatrock acquisition. Net income fell to $3.8M from $5.2M due to $3.3M in acquisition costs, but adjusted EPS of $0.47 beat the year-ago $0.42. Management raised full-year Adjusted EBITDA guidance to $103M-$108M from $92.5M-$97.5M, reflecting the Flatrock contribution and organic momentum, and also lifted its 2026 outlook. The company declared a $0.15 quarterly dividend and set capex plans of $60M-$80M for growth. With record utilization at 88.3% and at least 55,000 HP of organic additions expected this year, the outlook is strong. This follows the June Flatrock acquisition and recent redomestication to Texas.
At the time of this announcement, NGS was trading at $36.97 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $467.1M. The 52-week trading range was $23.17 to $44.61. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.