Exhibit No. 99
ngslogoexhbt99
FOR IMMEDIATE RELEASE
          NEWS
March 3, 2010
NYSE: NGS



NATURAL GAS SERVICES GROUP ANNOUNCES DILUTED EARNINGS PER SHARE OF $.91 FOR THE YEAR ENDED DECEMBER 31, 2009

Overall Revenue Decline offset by Rental Revenue and Gross Margin Increases
Positive Net Cash Flow from Operating Activities of $32.2 million for 2009


MIDLAND, Texas March 3, 2010 – Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of gas compression equipment and services to the natural gas industry, announces its financial results for the fourth quarter and twelve months ended December 31, 2009.

Revenue:Total revenue decreased from $85.3 million to $67.8 million, or 20.6%, for the twelve months ended December 31, 2009, compared to the same period ended December 31, 2008. This was primarily the result of a 47.7% decrease in sales revenue and a 9.1% decrease in service and maintenance revenue offset by a 5.3% increase in rental revenue.  
           
Gross Margins: Overall gross margins increased to 52.6% for the twelve months ended December 31, 2009, from 47.3% for the same period ended December 31, 2008. This increase was primarily the result of an increase in rental margins and product mix shift as the ratio of higher margin rental revenue increased relative to sales revenue.  Rental revenue grew to 66.6% of our total revenue for the year ended December 31, 2009 compared to 50.2% for the same period ended December 31, 2008.  Rental margins increased to 63.2% from 62.2% for the year ended December 31, 2009 compared to the same period ended December 31, 2008.
                         
Net income:  Net income for the twelve months of 2009 decreased 29.4% to $11.0 million, when compared to net income of $15.6 million for the same period in 2008.  Net income for the three months ended December 31, 2009, decreased 56.7% to $1.7 million, as compared to net income of $3.9 million for the same period in 2008. These decreases were mainly the result of the severe downturn in compressor unit sales experienced industry-wide.

Earnings per share:  Comparing the twelve months of 2008 versus 2009, earnings per diluted share fell from $1.28 to $.91 or 28.9%.  Earnings per diluted share was $0.14 for the three months ending December 31, 2009 as compared to $0.33 for the same 2008 period, a 57.6% decrease.

EBITDA:  EBITDA decreased 15.4% to $29.5 million for the year ended December 31, 2009 versus $34.9 million for the same period ended December 31, 2008.  EBITDA decreased 36.7% to $5.9 million for the fourth quarter ended December 31, 2009, versus $9.3 million for the same period in 2008.  Please see discussion of Non-GAAP Measures in this release.

Cash flow: At December 31, 2009, cash and cash equivalents were approximately $23.0 million, working capital was $40.3 million with a total debt level of $13.8 million, of which approximately $3.4 million was classified as current. Positive net cash flow from operating activities was approximately $32.2 million during 2009.


1

The following information was filed by Natural Gas Services Group Inc (NGS) on Thursday, March 4, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Natural Gas Services Group Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Natural Gas Services Group Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account