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Natural Gas Services Group, Inc. (NYSE:NGS), a $316 million market cap company trading at $25.22, reported the results of its annual shareholder meeting held on June 5, 2025. The company, which has demonstrated strong financial health according to InvestingPro analysis, saw shareholders vote on several key proposals, including the election of directors, executive compensation, and amendments to the equity incentive plan.
At the meeting, shareholders elected four directors to the company’s board. Donald J. Tringali, Jean K. Holley, and Georganne Hodges were elected for a three-year term expiring at the 2028 annual meeting. J. Anthony Gallegos, Jr. was elected for a two-year term expiring at the 2027 annual meeting.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers. The vote results indicated strong support for the current executive compensation structure, which comes as the company achieved 22.64% revenue growth and maintained healthy profitability metrics over the past year.
Additionally, the amendment to the 2019 Equity Incentive Plan was approved, increasing the number of shares reserved for issuance by 500,000 and extending the term of the plan by five years.
The appointment of Ham, Langston & Brezina LLP as the company’s independent registered public accounting firm for the fiscal year 2025 was ratified by the shareholders.
The meeting showcased a high level of shareholder participation, with approximately 85.8% of the outstanding shares represented. The proposals described were detailed in the company’s definitive Proxy Statement filed with the SEC on April 25, 2025.
This information is based on a press release statement from Natural Gas Services Group, Inc. and reflects the outcomes of the shareholder meeting as required by SEC regulations. InvestingPro analysis indicates the company is currently trading above its Fair Value, despite showing strong financial health with a current ratio of 2.1 and impressive one-year returns of 25.39%. For deeper insights into NGS’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Natural Gas Services Group reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.38, compared to a forecast of $0.26. The company achieved a 12% year-over-year revenue increase, reaching $41.4 million, although this fell slightly short of the projected $42.48 million. Rental revenue saw a significant 15% increase, contributing to the company’s robust financial performance. Analysts at Stifel raised their price target for Natural Gas Services to $33, maintaining a Buy rating, following the company’s improved 2025 guidance and successful asset monetization efforts.
Raymond (NSE:RYMD) James also reaffirmed a Strong Buy rating, with a $32 price target, highlighting the company’s high rental margins and adjusted EBITDA run-rate. Natural Gas Services has expanded its credit facility from $300 million to $400 million, enhancing its financial flexibility for organic growth and potential mergers and acquisitions. The company is also progressing in converting non-cash assets into cash, expecting to recover $11 million in income tax receivables within the next 12 months. Despite recent fluctuations in oil prices, the demand for Natural Gas Services’ offerings remains strong, with no significant changes in customer demand observed.
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