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Natural Gas Services Group, Inc. Announces Closing of $20

Natural Gas Services Group, Inc. Announces Closing of $20 Million Credit Facility with Texas Capital Bank
Facility Provides for an Expansion Feature of an Additional $30 Million Under Certain Conditions
Natural Gas Services Group, Inc.
Midland, Texas, UNITED STATES
Midland, TX, May 12, 2021 (GLOBE NEWSWIRE) Natural Gas Services Group, Inc. (NYSE:NGS) (the Company or NGS ), a leading provider of gas compression equipment and services to the natural gas and oil industry, today announced the closing of a new $20 million senior secured revolving credit facility with Texas Capital Bank, N.A. as lender and administrative agent. NGS may, subject to certain conditions and limitations, increase the revolving credit commitments outstanding under the revolving credit facility in an aggregate principal amount not to exceed an additional $30 million. Together with its existing cash position, the facility provides the Company with a solid liquidit ....

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Natural Gas Services Group, Inc. Reports First Quarter 2021

Natural Gas Services Group, Inc. Reports First Quarter 2021 Financial and Operating Results
Natural Gas Services Group, Inc.
Midland, Texas, UNITED STATES
First Quarter 2021 Highlights
The Company continued to generate free cash flow with steady utilization
Cash balance increased 6.1% to $30.7 million in the first quarter of 2021 from $28.9 million at year end 2020 due to strong operating cash flow and reduced capital expenditures.
Utilization remained steady on both a horsepower (65.2% at March 31, 2021 vs. 65.6% at December 31, 2020) and a unit (56.5% at March 31, 2021 vs. 57.3% at December 31, 2020) basis.
Rental revenue of $15.3 million, an increase of 4.1% when compared to the fourth quarter of 2020.
Net loss of $394,000 ($0.03 loss per basic and diluted share) a reduction of $1.5 million when compared to the fourth quarter of 2020. ....

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Natural Gas Services Group, Inc. Announces Closing of $20 Million Credit Facility with Texas Capital Bank

Natural Gas Services Group, Inc. Announces Closing of $20 Million Credit Facility with Texas Capital Bank
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Natural Gas Services Group, Inc. Announces Appointment of

Natural Gas Services Group, Inc. Announces Appointment of Micah Foster as Chief Financial Officer
Natural Gas Services Group, Inc.
Midland, Texas, UNITED STATES
Midland, TX, May 11, 2021 (GLOBE NEWSWIRE) Natural Gas Services Group, Inc. (NYSE:NGS) (the Company or NGS ), a leading provider of gas compression equipment and services to the natural gas and oil industry, announced today that Micah C. Foster has been appointed Vice President, Chief Financial Officer and Corporate Secretary.
Mr. Foster has over 17 years of professional experience in the energy industry and public accounting. Prior to joining the Company Mr. Foster served as the Chief Accounting Officer of Legacy Reserves Inc and its predecessor Legacy Reserves LP, a publicly traded oil and natural gas company, from April 2012 until April 2020. Prior to his appointment as Chief Accounting Officer in April 2012, Mr. Foster served in various roles for Legacy ranging from Fin ....

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Natural Gas Services Group, Inc. Reports Year End and Fourth Quarter 2020 Earnings

Natural Gas Services Group, Inc. Reports Year End and Fourth Quarter 2020 Earnings
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