Natural Gas Services Group, Inc. $(NGS.AU)$ reported its financial results for the first quarter ending March 31, 2025. The company, a key provider of natural gas compression equipment and services, announced a 15% year-over-year increase in rental revenue, reaching $38.9 million. This also represents a 2% sequential increase from the period ending December 31, 2024. Operating income for the quarter was $9.5 million, slightly up from $9.3 million in the same period in 2024, and showing a notable increase from $6.0 million in the previous quarter. Net income stood at $4.9 million, or $0.38 per diluted share, compared to $5.1 million or $0.41 per diluted share a year ago. Sequentially, net income rose by $2.0 million from $2.9 million in the fourth quarter of 2024. The company also raised the high-end of its full-year 2025 Adjusted EBITDA guidance to $79 million, reflecting continued business strength and increased demand across its fleet.
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