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Natural Gas Services Gr shared its third-quarter results, showing record rental revenue of $58.9 million and a 60% dividend increase.

ResultsRead the original at Benzinga
Good for NGS

Record rental income and adjusted EBITDA, a raised company forecast, and stronger demand point to better prospects. Inflation pressure remains a concern, but the growth evidence leads.

NGS · Natural Gas Services Group

AI read · Good for NGS

The AI's read

The Flat Rock purchase is already meeting management’s expectations, and management says it has not slowed the company’s own growth. More equipment is being placed, demand from LNG exports and power generation remains strong, and management described pricing as favorable. Inflation pressure is the main stated concern, but the growth and pricing evidence is stronger.

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