Natural Gas Services Group, Inc. (NYSE:NGS) Q4 2023 Earnings Call Transcript

Natural Gas Services Group, Inc. (NYSE:NGS) Q4 2023 Earnings Call Transcript April 2, 2024

Natural Gas Services Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Good morning. Ladies and gentlemen, and welcome to the Natural Gas Services Group Incorporated Quarter Four Earnings Call. At this time, all participants are in listen-only mode. [Operator Instructions] I would now like to turn the call over to Ms. Anna Delgado. Please begin.

Anna Delgado: Thank you, Luke and good morning, everyone. Before we begin, I would like to remind you that during the course of this conference call, the company will be making forward-looking statements within the meaning of federal securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance, and those actual results or developments may differ materially from those projected in the forward-looking statements. Finally, the company can give no assurance that such forward-looking statements will prove to be correct. Natural gas services group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

An aerial view of a natural gas compressor station, its engines and piping stretching for miles.

Accordingly, you should not place undue reliance on forward-looking statements. These and other risks are described in yesterday's press release and in our filings with the SEC, including our annual report on Form 10-K for the year ended December 31, 2023. These documents can be found in the Investors section of our website located at www. ngsgi.com. Should one or more of these risks materialize or should underline assumptions prove incorrect, actual results may vary materially. In addition, our discussion today will reflect certain non-GAAP financial measures, including EBITDA, adjusted EBITDA, and adjusted gross margin, among others. For reconciliations of these non-GAAP financial measures to the most directly comparable measures under GAAP, please see yesterday's earnings release.

I will now turn the call over to Justin Jacobs, our Chief Executive Officer. Justin?

Justin Jacobs: Thank you, Anna, and good morning, everyone. Welcome to our fourth quarter 2023 earnings conference call. Thank you for joining us this morning. We appreciate your interest in Natural Gas Services Group. I'll start by introducing the team. Joining me on the call this morning is Brian Tucker, our President and Chief Operating Officer; Jim Hazlett, our Chief Technical Officer; John Bittner, our Interim Chief Financial Officer; and Steve Taylor, the Chairman of our Board of Directors. Steve was our longtime CEO and Interim CEO last year. I asked Steve to start us off with some thoughts on the quarter and the year. After that, John will review the quarter and year in detail, and then I will finish our prepared remarks with thoughts on the current state of the business, our updated guidance, and our growth strategy going forward.

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