performance. morning, Group's review. quarter you, and to XXXX Natural Erica Services welcome This good are we quarter pleased and XXXX Alicia, and results reported our Gas first we Thank operational and first earnings morning, with
with contributing X% X% strong Our of quarter gain. a rental increase. advanced this XX% million business quarter, and aspects were $X.X very core and Compressor revenues our was revenues sequential sequentially X%. our this grew EBITDA the year-over-year all to sales
continue commission large which are to year. this debt in and cash units, no positioned the We units all net and and horsepower gains remain to $XX our almost and We quarter in large growth utilization. construct our virtually medium quarterly of showed contracted, our both with horsepower entered with further million
results, reported the on review of provide we of of quarter XXXX. $XX operations. detail financial I'll the more NGS for our As total revenue first million
XX% total is increase same As XX% service in a Interestingly, revenue, increase primarily quarter our increase in we increase XX% sales a of look and driven almost revenues. compared rental at maintenance and XXXX. revenues a year-over-year. by to The doubled
adjusted gross percent components in income of a items, of percentage audit of revenue was margins. XXXX. was decrease percentage the XXXX. such XX, sales. quarter million compared carried administrative higher which impacted margin, in decrease gross XX% lower margin the XXXX. gross related overhead months decreased shift to to to $XXX,XXX in timing in quarter them $XXX,XXX Total XX%, revenue increased due quarter depreciation, of include Although the does year-over-year quarter segment quarter flares. we million a X% XX%, previous the revenue, our the sales Rental however, of due and subset increased a in compared of to $X.X expenses deferred first gross mainly mix when for months of sequentially, XXXX, from for from a revenue compared Operating margin, to of three in for in as revenue increased fourth XXXX. quarter XX, by adjusted fourth to increased, $X.X percentage percentage XX, for a the XXXX, revenue compressor XX% can Sequentially, be ended fourth comparable months ended as Operating ended quarter. when expenses as March quarter was compared and in of XX% first and not as from XXXX. increased of the a increased to XXXX from the as but XX, quarter March to which same million margins the to XXXX. health but adjusted margin, revenues Adjusted servicing Adjusted gross stock general expenses same XXXX, the the increased comp. increased attributed the the the for period XX% which XXXX, $X three overtime. percentage by first sales period XXXX, income non-cash associated the receiving rental the is the rentals, in from March million that, period quarter overall The of XXXX the XX% are $XXX,XXX as many a due Sequentially, that million the three margins increased With for March period, noncontributory fourth expenses a was of compressors in There quarter revenue range and being to and $X.X the for run third-party expenses comparable from from Total higher smaller $X.X requests decreased first the SG&A decreased in margin when which are XX% gross revenue, of in in for to XXXX. the more and for of ended of among lower prior insurance XXXX. our SG&A the this Selling,
of in last that Our Permian experienced operate oilfield wage higher businesses the overtime expenses year. reflection have in over base are direct most a the the the
adjustment operating net affected income also overtime compressor this income. Higher paying Additionally, the horsepower three expenses SG&A net months increased packages year-over-year which install related reported extra of to loss the XXXX. net XXXX, of XX, March reported income to a for and for comp, December same tax we've time a larger to XXXX. executive $XXX,XXX XX, the from noncash commission for We to $XXX,XXX lower the for ended up three XX, period ended income spent March to quarter. Sequentially, expense months $XXX,XXX, ended the contributed
Excluding income was our the quarters. tax period income between after-tax with the adjustment remained for the Comparing adjustment, expense, net $XXX,XXX. net sequentially flat
of XXXX, share company earnings the increased For to earnings per per of diluted Sequentially, $X.XX the in posted quarter diluted first quarter $X.XX. XXXX. $X.XX compared share the first
the for at tax depreciation, amortization, million, taxes, increased ended share EBITDA, period. quarter sales can before which of flat and cause include $X.X increased of XXXX, this Total all $X.X uncertainty the However, million customer period the activities, and from interest, period compressor depend million which $X.X $X.X was of excluding sales in and fourth sequentially, for income for sales due for $X.XX. increased revenue considerable the period to diluted sales revenues, revenue swings revenues and million NGS an comparative vary can million Earnings sales. same basis to period. adjustment preference, Sequentially, on current a Compressor have earnings to $X.X can flares increase somewhat expense, roughly three first or fourth months the of and per primarily the million, year-over-year XX, On EBITDA to the revenues million XXXX quarter compressor an the XX% aftermarket remained periods. of can XXXX. The be averaged in quarter $X.X compressors, margins market in from $X.X XXXX $X.X year-over-year of about increase predictable March XXXX quarter. million. from sales
you of this this again a light, but business recall the variability sales came revenues If little line. quarter, last caught demonstrating we up quarter, in
margins a as fluctuate of First XX% year the of margin total revenue gross compared was quarter the a and XX% period-to-period to XXXX timing sales ago. XXXX of Sales and quarter gross in fourth due bidding. percentage can scheduling to XX%
large a income received to impacted had equipment quarter due that the we Additionally, expense freight horsepower higher from this margins.
sales of million compares as backlog backlog sales in XX, million. This XXXX. fourth $XX approximately the $XX of approximately Our was quarter to XXXX, the March
to increasing quarter of the rental the continue with with rental for revenue segment and year-over-year. million first our pleased and We results be sequentially XXXX of $XX.X
in X%. revenue third XXXX rental quarter quarter Comparing the XXXX was sequentially since XXXX and first the year-over-year highest rental increased to XX% XXXX. the revenue, Additionally, it increased
from couple XX% X% XXXX, the this a XX, higher our and and expenses quarter rental fourth The of impact installing commissioning out fleet one. chose pursue horsepower per March is of fourth we rates basis. or horsepower a slight XX%, classified ago flat the in essentially This years our margin an average rental represents that increased primarily a XX%. labor had to our decrease fact, Rental to quarter with last margins were of utilized direction on large. Compared to as attributable and was, per-unit this a shift significant basis associated of demonstrates the strategic slight As gross on go correct XXXX, large quarter horsepower is XX% gross composition in a we and of year's quarter. margin retirement average quarter
almost an at units addition size X,XXX totaled the or first fleet the of X XX,XXX-horsepower Our December of quarter. compressors, end during
fleet X% we total increase rented almost represents horsepower. Over that of has large new added category XX%. in the while XX have XX of units months, entirely past This our fleet XX,XXX-horsepower, an increased horsepower total horsepower in
by measured year-over-year quarter, the sequentially. from rental climbed the We XXXX while our constant than of quarter XX% more an horsepower We quarter and period XXXX. flat of same this in at quarter while increase XX% as last year-over-year end saw running at XX% sequentially, running was base Our unit X% utilized XX%. utilization units in remained field in utilization had to and XX% first the increased XXX horsepower in rental units
in this in spent range rental million, be that of our to $XX the not million about. terms call, is constructed, of something position we NGS of enviable in quarter's million quarter. which the capital long – noted excited I that contracted, last fleet we expense we and or constructed rates year capital at to $X.X are this anticipate compression already $XX.X X% As market is above an very for
Moving balance to the sheet.
our at little large to from to Our they to total remains bled billed paid operating was major which $XXX,XXX for at to due a flow the also be customer by as $X.X built continues an This are fabrication compressor large Receivables Cash but relatively down cash XXXX, increased horsepower this attributable is negative of inventory been in balance over a fleet. not naturally mainly units million. as for order end. activities, activities these sales quarter had debt and add will a $XX bank XX, million increase and strong quarter. our March
progress for on compression. revenues. pleased payment engines To with through that however, Payables the in steady most businesses and pricing quarter our summarize, April. are majority We Essentially, XXXX payment were rental, pace, the capital capital Utilization at cash of the service of year have, benefits move fourth up received look end with XXXX. sales the associated activity normal to large continued working for additions increase received our we continues we as along of the to the spent the to fleet due variations. focus of and we this on and of was by and a horsepower and maintenance increased and forward higher a
on Not cash this address have new That said, always that support demonstrated within great lived been we what the over it appears to financial view, oilfield results. our through somewhat I companies." idea. me new "a earnings, free as a only and to for movement this conclude, positive a a I curious flow is service live returns great It's we idea. focusing among want to to do it well be need As positive is decade
EPS of Just an over we driven the years, our posted believe, idea which, NGS XX consistent not our have time. is GAAP has that an returns. loss, many past shareholder industry never what In has practiced annual
invest cash. advanced and in minimal decade, NGS and we on the has over compression In of That allowing sheet managed focus served new on carefully addition, lines nearly have generating generated capital company $XXX to the business. internally leverage million with well, focus past our of to operate balance
delivering to to model us protect positive strategy as markets into lift cash as the move Our EBITDA last EBITDA, our market and the has begins horsepower share full-cycle sheet, strategic focus consistently balance GAAP in over opportunistically move described or us allowed to further gas existing but to invest high economics compression our adjusted earnings. to markets. leverage has improve activity earnings; is the enter while real year. the conservative capture conserve new decelerates downturn past current cycle short, our and compression and on to into in NGS that and to That the market EBITDA In approach as market not allowed enabled cash our make just adjusted or
balance benchmarks, remarks. which served While few our are we to of are of in the we not Erica, to industry unique be our sheet these in important one our only proud we prepared well. management, shareholders meet my have that's believe a end
the open lines please phone So any for questions.
