Natural Gas Services: 3Q Earnings Snapshot
MIDLAND, Texas (AP) _ Natural Gas Services Group Inc. (NGS) on Thursday reported a third-quarter loss of $12.2 million, after reporting a profit in the same period a year earlier.
The Midland, Texas-based company said it had a loss of 93 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 10 cents per share.
The maker of natural gas compression equipment and industrial flare systems posted revenue of $20.9 million in the period.
Natural Gas Services shares have decreased 27% since the beginning of the year. The stock has fallen 37% in the last 12 months.