Earnings call transcript Q1 2023

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Operator

Good morning, ladies and gentlemen, and welcome to the Natural Gas Services Group Incorporated Quarter One 2023 Earnings Call. At this time, all participants are in listen-only mode. [Operator Instructions]

And I would now like to turn the call over to Ms. Anna Delgado. begin. Please

Anna Delgado

Investor Hello, first you Today’s is quarter being on Luke. to joining call our and Also XX. webcast our ngsgi.com. which discuss XXXX our Monday, earnings everyone, press you, the was for thank us is available release, Thank on website issued site May Relations financial results.

expectations These we to implied during today’s that statements I the may forward-looking and and Before make everyone unknown hand Company. expressed to call. call cause uncertainties remind over, materially of statements known involve that or regarding including from this those forward-looking actual I’d Q&A, the differ like risks on call, results may

be detailed recent and the made to today’s subsequent as our during most time by of based are the Services this Form call quarterly call. are call Annual Group assumes information known reports risks filed Gas XX-K, and presented in statements or such, date in The and amended the Exchange Commission. with Natural information supplemented on NGS These to may Securities no Report and of upon this update as obligation

and Chairman With to Steve Steve? our call Interim turn of President. CEO the over that, Taylor, Board, to the like I’d

Steve Taylor

Thank Welcome call. quarter XXXX this good Thank us you, earnings you morning, and and to Anna morning. conference Luke, everyone. our first for joining

our operational and our for other results environment highlight and of on the that financial current questions, release press business. earnings in aspects I’ll yesterday, were comments quarter Before detailed taking discuss your provide our business first the

while rental by sequential the total grew grew rental ninth and revenue The alone sales row XX%. for higher a revenues XX% revenue rental the of quarter marked almost quarters, current quarter in revenues growth

line slipped as last over adjusted positive margin bottom GAAP field we margins due X% gross income total million earnings. X% non-cash one-time and expenses from had quarter adjustment. $X rental positive and swing increased sequentially. our gross of But net declined a our higher SG&A a to posted Adjusted X%

credit our equipment bank to closed the earnings continue of in growth of contracted end we from our call, our horsepower substantial line additional on was already execute have mentioned NGS we at as high This As to last plan. fund the on a February.

growing a has and solid quarter. NGS

We past committed contracts for more have months. added couple the

to the Our utilization continues a pre-contracted remains increase year. activity and level of at high the rest for

XX, at that the first results $XX.X million the the of quarters. said, to from $XX.X XX, December three for quarter or ended for revenue increase look million March an let’s in XX% XXXX. months XXXX from With three XXXX months sequential Total increased ended the

Total revenues million increased XX% year-over-year $XX.X for in from ending XX% December increase. the Rental increased three $XX.X the XX, ending three months XXXX. March the three compared March ended for XXXX in million months revenue $XX.X XX, XXXX million months to XX, from

units, higher increased to period price of for primarily throughout of Rental gain first the horsepower $XX.X XX% overall compared in comparative were revenue quarter Both of XXXX over the first and rental quarter the across higher the XXXX fleet deployment past year. of million the increases increased rental million result the from period the – year. utilization $XX.X for increases

revenues to total comparative Rental XX% our revenues and approximately are in of running strengthened XX% periods. have all now

as rented had XXX,XXX we X,XXX March X,XXX almost XXXX. March As to compared representing units units of of XX, XXXX, over horsepower rental representing horsepower XX, utilized XXX,XXX

XXX% to approximately quarter. units is difference X% utilization XX.X% in higher first unit a with The per quarter from the drawing horsepower basis fleet XX% are contracted. is utilization XX.X% rent prior basis. a Notably, These the on waiting equipment represents our of both improvements on same utilized ended horsepower We implement periods and horsepower able have the the horsepower to installed. price the to in while per ago impact comparing year we and the the compared increased revenue when be quarter been demonstrating period, the of increases over Utilized units the first year. in higher past XX% increased growth X% horsepower while when

fleet X,XXX horsepower. with XXX,XXX of XXXX units Our total of consists over XX, as March

horsepower utilized fleet current comprised assets stream. by provide these revenue approximately current of but XX% of our unit half large Our rental our units count, approximately

from and increase from the sequential doubling large revenues our a [ph] XXXX quarters revenues XXXX, parts in of XXXX the from $X.X our in Sales sales primarily the sale proprietary current $X sorry, for fourth sequential fleet to the QX million increased This is quarter. in million from control I’m systems. the from equipment quarter to of up QX revenue – rental pressure

increased On sales a to million. basis, $X year-over-year million revenue quarterly slightly $X.X from

$XX.X noted the of this slightly in margin million $XX.X our or quarter revenue revenue the million decreased XX% adjusted release in from sequentially of XX% fourth rental first or XXXX morning, As quarter to XXXX. gross of in

a XX% statement to increased is million to period compared a in items costs. in to of higher year-over-year rental quarterly expenses million from of income adjusted of this due parts decline first from approximately for when of gross XXXX R&M balance the $X.X sheet Half On margin $XX.X the non-cash and our quarter the balance XXXX. the that reclassification of basis, same in the inventory

primarily to improvement retirement operating total to an expense SG&A margin, less for SG&A of quarter equipment XXXX we fourth XX, the the Sequentially, $XXX,XXX was three this in sequential this gross of of of income Our reported of the compares ended compared $XXX,XXX lower due This in and year. higher $XXX,XXX $XXX,XXX months revenue expense. income operating to XX% XXXX. total This declined March and operating expenses loss in in of $XXX,XXX first positive quarter quarters quarter.

period was same in the the basic fourth of but $XXX,XXX loss share. net ago year or Our million and diluted to year XXXX. income flat increased compares the $X.XX XXXX this a was EBITDA $X.X In quarter This or first million sequential Adjusted loss $XXX,XXX share. for our quarter, $X.X income the of $X.XX of in diluted was in net from at per per net quarter $XXX,XXX. from quarters, XX%

million Our first year, this cash outstanding was as facility. we March flow XX, of realized our XXXX cash of $X million quarter of under $XX In in credit with on expenditures, We quarter to of approximately revolving from fleet current capital $XX last $XX.X operations was year. a same million for $X.X rental balance quarter. million compared this expanded million the which million the in $XX.X used

contract The compression as as horsepower thus themselves, opportunities that strong fleet continue we see our mentioned we’re for expansion to availability. high in present market expectations, likely and I our cash our meets the compression to units, remains if meet long Last very especially quarter, and demand new range. expand to further requirements, demand return

we, quarter to approximately secured this contracts fact, in $XX said, additional That million worth $XX million.

in our similar large is brought XXXX in a budget schedules currently. supported build schedule, by accelerated increase, build will This year. that also a from large equipment $XX million reach but the present another million current increase assets. million committed is this into this originally our add we to in We capital This which announced resulted next so $XX the twoquarters approximately projection $XXX to amount

to cannot Don new everyone to seeing take is but Jacobs Tringali. to the want this this caution constraints, at that our board, with present and two due fulfill we’re supply Even to best time to recently that a chain still appointed downside I to we our demand introduce Justin fluctuate year. members this, estimate. this we that Also, may have

contributions director in backgrounds Road Donald financial Management, of to shareholders, Executive and Group. largest of in fuller is perspective. is their is their Justin extensive experience Both description them Chief A management Capital We Augusta Mill the the one welcome forward of committee Officer a public our board. governance at our and Advisory have and our boards to and published proxy. from recently look private

crude the the one, The be we per event, in It’s projected another our unabated. robust build contracts, an services through orders out macro for we next and Obviously, year range continues already we $XX in our years. to from two true there Bloomberg anticipate if at anticipate faster growth tell essentially this another WTI As year. oil this this on year the be I’ve current barn for pace just Based discussed, can that are mid into it demand anticipate prices XXXX, plus headwinds. crude continued as and consensus extraordinary barrel sold it’ll equivalent continues executed XXXX.

the XX% now oil, production of approximately This is to production, potential refill horsepower cut of Presently, and the crude dynamics. utilized decision so reserve petroleum is a and production. oil employed OPEC’s strategic recent of supported our overall in by crude activity by pricing driven in decline production is natural continuing the our

April exceeded the August have in they’re months. extremely been far over end XXXX. picture Spot of price gas $X.XX Natural the few months. currently MMBtu natural and in not prices $X gas, at as is XX% at the rosy. of per That’s as and a past As volatile in decline XXXX, prices murkier eight

in natural years year last from but worry short-term caused their in point about last The hit gas drilling abated. spike that Rigs prices lowest supply, natural seven gas quickly week. by was some

unfortunately in of I and from lot the horsepower XX% seen business over gas a support prices last employed but are decade. expect activity, price is only out We projects. of our our play fortunately, stuck that we same natural utilized the now gas scenario natural natural whole have don’t in to gas

all think the the see. it’ll but parts activity do business we’re uplift, of continued However, in a already are growth. if the we get We dots. a now, lot look There connection to to in we pricing I to any add moving forward right

Thanks forward for I Luke? your your questions. time, look to and

Operator

Street we question-and-answer session. comes from Lake with Our gentlemen, ahead first Capital. conduct Rob Ladies this time please. Brown Rob, go and question a Instructions] will [Operator

Rob Brown

on Congrats Hi, a quarter. Steve. good

Steve Taylor

Hi, Rob.

Rob Brown

thanks. Yes,

seeing prices? a are in current it’s demand of get of to How been of for you wanted commodity high it Just there? kind interest the seeing Are with strong. the sense kind activity horsepower, you more environment

Steve Taylor

price unabated. bit, know $XX not there. we there’s didn’t wouldn’t I Demand the commodity that we commodity a low – has even mentioned, that, $XX, a price or oil essentially just out current has – price weakened but Well, as known gas little if have continued, all we’re

contracts quicker, tried the and demand that to we’ve it’s can’t bills to and this up schedules demand Just get actually and still we’re fill cash year out to we’ve commitments. speed gotten, we seeing some due mentioned the additional stuff

just So it’s – presently, non-stop it’s now. continuing

really publicizing on of into XXXX, starting start. because for to to operators we think we’re and like, on too much schedules, I tougher going a anticipate to but good just little request be aren’t that, – XXXX a based equipment look continuing you’re continuing demand seeing have a for like it’s do now, and if which – their that trying things XXXX and it’s looks and

make can else think there, anticipate is demand is go even at. hanging in don’t whole everything if which continues with money it a the mean, oil at a and the I up has price, the I to lot price that But continuing. the operators We demand price more. current

challenge is execution. now Our

all As killer, issue, of it sold as built, and out time, continues to it I stuff together, the not you’re supply being of but mentioned, see long good. be and a as getting XXXX that chain rest the getting out an year then somewhat stays the we on

there. think will And just is in us XXXX. the into it’s now of demand to all It’s slide I XXXX just demand don’t It’ll generally, how think I it. So with get industry fulfilled. fulfill over among and the all

Rob Brown

Okay.

kind that good. is. Okay, sold point committed that’s remind fulfill capital commitment on and commitment contracts just review us to and and maybe sort of this capital of have is then that the what And at you’ve what just it you again

Steve Taylor

last not The stuff. I this quarter capital say so the and ones same work. builds contracts them XX%, speculative that’s we and or the got essentially were XX% contracts why and added the about to pre-contracted, signed budget. largely there’s I now. contracts, largely, quarter went anticipated we pre-contract. talked added and It’s we’ve equipment, we’ve increased are it’s think And ahead Yes, They’re they’re build

the range. level committed being are XX% we still but commitment next built. got have some XX% at anticipate in the equipment of the that months that But not point, into and the year is got difference So six equipment We’ve this been the stays fully over we’ve rented. end there towards being that at XXXX

running rate commitment stuff XX% So – line building. the we’re the still we’re a bottom is on

Rob Brown

Okay.

and I expectations the when would it, this Okay. way you year, we next were capital CapEx guess, talking – year? I this may be the missed similar with spoke that the at point? the have What’s expectations CapEx

Steve Taylor

yet. I don’t XXXX or XXXX want even to project

to what static, think everything we that asked stays well, question. on had, capital just budget bank I in just in $XX we line about finish the spend I committed we’d if well, said, million I gotten commitment the be next has there out call, last the was grown left probably where bank everything this very we was and we’ve if the now execute million difference to I little the based difference. anticipate a said, bank being we But on budget there’s $XX the the commitment year commitment. stuff. and year

very So is going be to hard say it’s XXXX to right what now.

Like hear is anything I haven’t out really and I from projections from pretty and now advanced commit much hard anything a publicly. right to speculation to, I put operators mentioned, the standpoint. we are mean, capital those operators budget guess,

another to lot just trying in mentioned in be we’re don’t year, hesitant to be year, going decent two handle be So but this to pretty I know this we’ll have row, the whether a $XXX get I that, as million, said, say it’s growing I years extraordinary. like to think it’s spend two if it’s money be for going be on remarks. know fast XXXX, or I but me quarter don’t a we going lot if a would it’s I better better to handle. that’s it, because and of a I But going as year. a paced give as and robust to a is

Rob Brown

Yes.

turn Okay. over. Great. you. it I’ll Thank

Steve Taylor

Okay. Thanks, Rob.

Operator

you much, very Rob. Thank

Go Our ahead comes Tate next Maxim. from question from Sullivan please.

Alejandro Nuno

Hi, good the Congratulations quarter. Nuno on Tate morning. Alejandro Sullivan. It’s on

Steve Taylor

this? is Who

Alejandro Nuno

Alejandro Nuno Tate for Sullivan. It’s on

Steve Taylor

How Okay, are Alejandro. you?

Alejandro Nuno

on the Congrats you? are how Good, quarter.

Steve Taylor

Good.

Alejandro Nuno

about kind just the half the you being market? of the up CapEx increased or million X,XXX think $XX for I guidance a a CapEx is about on the How much commitment. third I’m of for last talked horsepower quarter following comments. it

increased So we’re we’ve to CapEx increasing guidance the I as see if now that it well. wanted

Steve Taylor

majority is units. the Actually, it of No. X,XXX horsepower

lot the X,XXX horsepower equipment. interest So a It’s change of didn’t we the number. X,XXX primarily just horsepower in had we’ve

Alejandro Nuno

increases Great, rest you price just again, increases price a as of you can up the of should the increases, throughout XXXX or thank rundown think continuous what a year? on – kind should kind you. at price And following looking be we then, see on more the give just us see the of we little of you throughout in

Steve Taylor

we get expensive, Well, continue more to expensive. from compressors buildings primarily are more a engines are equipment because more standpoint, expensive, new are may

cost goods of of So build, from a new sort thing.

– assessment they probably We’re still forward. so are, we continue rate we’ll look look to next at seeing have and if what it, just we like inflationary going constantly the the they increase see increases. or new And rental but at We’ll we’re going on to equipment see in it quarter from an there. make standpoint

fleet, an keeping recently, next we’ll of question. – from existing but an what, the it is pricing increases inflationary and it’s and – the just but going they’ve being we’re somewhat more we’re expense like. mitigated that up to make the have little, to again, standpoint eye quarter an see still have of what that like the they’re And lubricants a as stuff assessment operating From operating looking labor, on

on last slowdown we’re continues but – as watch part to a not it of year, year, extreme still was on. It’s the stuff, as little this but seeing a earlier we’re it getting some bit. but just in But it it

increases year. there’s done as think I last we I doing price more a on catch versus speak. going the up that’s we in still already enough And to so think had what maybe industry,

far that to in as and on, we’re we getting So But very There’s as going need it us. we make look do up. or going to little the because if from overall where – just about, an still there’s fatigue they’re next what costs – some determine which still of But increasing what just some price to going it. our be we to too from some quarter to getting we’re got suppliers. it see at probably go, we assessment know puts pricing so customers, a carefully, is talking

Alejandro Nuno

Thank you much. Great. so

Operator

much. & very Instructions] Go Hoak Hoak you with Hale please. Thank have [Operator We Co. ahead,

Hale Hoak

It’s Hale. Steve. Hey, on quarter. good Congrats

Steve Taylor

Hale. Hi,

Hale Hoak

and to service? them on in and be new if all bit months or are orders those obligated what follow-up Just of in now all from of or in how would asking six CapEx fulfill. far fulfilled XX Is questions the When you’re from you until came just a units little months little differently, now a it equipment to no currently place? out

Steve Taylor

the contract this it’s yes, and about of the schedule, at And okay, the this Well, quarter is build place from the look course, can build standpoint buildup – being, equipment to on decline. the of completed is – third the start rentals. we schedule

typical the sign. get you So

generating installed QX. be be receive we QX would of from and time in gets equipment let’s a and in built the delay all say, start and will equipment it So revenue standpoint, – that if just sometime

So that. lag you like got about a

equipment being rent deploying a building this the installed we’re XXXX. the XXX% and by end anticipate all that QX will year, So I of all

Hale Hoak

about you’re great. get had a to I and real quarter thinking later a next this – you’re we’re some Board. earnings going going to step quarter early just And year. just have nice added your a Okay, you the power, the and trying change have But my on but function to around was that. now, or congrats also with a guess and of guys to timing congrats hands year I

and like talk looks get it you we’ll think good soon. to I perspective you’ll

Steve Taylor

Yes. it. Appreciate the Okay. Appreciate call.

Operator

very much. Thank you

with question question from last Krueger Kyle – please. Go next comes ahead Apollo our Our Capital.

Kyle Krueger

Good morning, Steve.

Steve Taylor

Kyle. Hi,

Kyle Krueger

we will release of going earnings increase see basically significant more flat so, Fantastic going through? come one-time to Couple that? associated going the leverage the income to When the of if a some And factor [ph] but with is would’ve increase. forward? of revenues I couple start lead what’s increase revenue quarter, to that see profit – prosperity revenue year-over-year that operating with to questions timing than leverage dramatic for significantly during expected in operating And you. Hi. the was that

Steve Taylor

second just Hale, a of the the see like talking of we’ll ago, think CapEx it, there the to I beginning of QX was build. the majority kind Well,

So getting in of just to second a half the than QX half equipment as – I majority and the starting of the first going we’re is mentioned, we’re we’ll so lot going when to the out. year different start the QX, look

So we’re things going and getting like to installed, be that. rent the getting getting the equipment, started

see the just think in – QX to down way. real and it’ll and some improvements So And start you’ll start I that and think you’ll all the up you’ll a going statement. QX, have consistently the half second we’ll see pretty increase QX income build, a way I

Kyle Krueger

could us could start to expected as that XX%, to and the Any dramatic operating revenue off imagine Yes. Yes. give XX% revenue. that through will flow see be increase that with associated idea I I would what you would I incremental it mean, quite substantial. $X margin ramp mean, of be?

Steve Taylor

a is Yes. The next or say the to we’re see, up, the in see increase revenue XX% next dollar year, go quarters operating income. so to going to we’re [indiscernible] we Yes. commensurate going increase see additional in XX% revenue four that

don’t So of substantial out, equipment is there. in I and out you’re and we’re seeing carrying going increases far because new that lot this too the think stuff, a this some of pretty equipment new equipment going is off to revenue, of start existing higher prices

go predicted a going in lot that. income SG&A is there’s to or pulled as we that’ll so start the through And statement be better get to of your levers

So lot have we’re of forward. going to going tailwinds a

operating you’re leverage, you on far So, don’t off think. yes, your I too think

Kyle Krueger

Yes.

Okay.

installed in the back was lower I XXX-ish, horsepower two, three of ago. have think fleet guys typically, average space, years you your going played horsepower Now, the

you that to the Now new what equipment according Or to performance? statistics performance this enough X,XXX runtime that needing you fabrication field a range. level process guarantee similar be? have is piece you’re really to ordinary customers is runtime in Is perform order and and the moving into beyond contractual might for up of can manufacturing

Steve Taylor

Well, you’re our of ago, difference in five XXX, was it’s typical the a build right. so a horsepower equipment, Say unit. magnitude years plus XXX

building horsepower. routinely X,XXX Now into the we’re X,XXX and stepping

a the in the side the of So equipment. you change and get just horsepower magnitude

a built majority we’ve some from same. in They’re the horsepower the the couple of field. of some a bigger the it’s last our designs. change of But basic it’s maintain standpoint But stuff. – in design in big a maintained to currently our fair you of all can how amount how operated designs. get We’ve stay You and the and the the probably outsourced quarters, big runtime,

found quality good good we’ve good – us. we’re that have a a – build it’s and So for price couple fabricators we’ll at

stuff runtime model that standpoint, we And so so guaranteed from using always on touching from in a on customers a lift very a ever now because horsepower past run more high into bigger you’re runtime higher them, downtime, or equipment or critical a on some equipment, centralized operator. the the the any we’ve very profitable into starting additional this perspective we’re expensive maybe on even deal, when now, especially outsourced to demand – or have infrastructure, times you’re midstream compression, now certainly typically but for from production the get getting is gas

higher et more up the that get So we manpower rates them, downtime your time costs are that rental But the spend And more do stuff. money to do have you drives deliver give a money time it. because more, of you rates high more, can to one, of XX% to number the more them But make, thousands time profitable customers gets because that able X% X% paying this our kind run on stations. very of they that run too. little can monitoring into cetera. give your are additional centralized barrels day rates those lifting your typically okay from run the you a is when end, oil you’re or some run higher higher if very time on drives I’m But of range

critical horsepower. more than the actually So past has it’s in been medium with the now

Kyle Krueger

you are are new And contractual and confident that are units of sure And to up the performance, isn’t performing what production outsourcing pristine it times balance a the you X how fabrication you them, enough brand you you’re you piece equipment? take field been $XXX – spend on are very new And presumably to few how according to million to sheet higher? kind to do has these units for really these now – confident being a one significantly are of with current rate specifications? has they’re going out run guys, that – confident a and accumulated basis of in how with debt-to-EBITDA

Steve Taylor

and I were for in dealt we’re mean, Yes. number excellent from this built – standpoint Well, equipment having this us is compressors engines with goods. we’ve the the equipment, quality industry one longstanding,

no And issue of standpoint. engines from the there’s the compressors. So with quality the the industry and that’s

in compressors NGS From the we’ve the XX been for standpoint, same engines dealing and years.

So day. we’ve and also got of some monitored. history expectations, more value of equipment are the and each runtime big with every it and and and it we’re units more the this extensively service with building And expectations these one

may this constantly and to points be XX going more probably, There’s to track cetera. et on, XX good, what’s monitoring bad, what’s equipment what’s there on

putting an level So high extremely confidence in equipment out. we’ve we’re of got the

We’re support the and the lot else factory getting a of from everything this suppliers stuff. and on

like lose can sleep really of we run more the – a we doesn’t aspect. aspect a the at and sure us that’s than things making equipment that over, awake not night, make keep that, time So service

Kyle Krueger

Yes. Yes.

And CEO, replacement full-time on could us, Steve, the CEO you Okay. the search? update

Steve Taylor

been… It’s Yes.

Kyle Krueger

with of kind What and… you’re candidates coming up

Steve Taylor

Well, we’ve the a going past. as on, search mentioned in – I we’ve been had

to on – going weeks new that. I announced Now three directors to we’re them the with want we ago, Board, a the in weeks we which two ago, couple involve think

cetera, et look so are, we taking And at do, where et been, where to cetera. going we’re what a we’ve we’re

what mean, are I candidates no, you’d the expect. So

et levels of it’s experience, We’re financial find cetera. experience, equipment experience, whether to trying different

candidates little like point with along, it’ll to criteria and and it’ll want changed, we things the taking this fuller – a future. But far, identified pause that the we’ll the to reassessing of hasn’t a going we but directors, profiles in – resume we’ve it’s bit a that. but our new extent are So so

Kyle Krueger

with you you on, to up the Are have sort a And new new scope Yes. CEO company and how strategic transition expanded directors include search with presumably which coming to including and the the of that these CEO outright to directors moving sale so the sale with full outright including review exercise the forward? respect is of important.

Steve Taylor

And about point – shareholder we’ve and come on on, way got things of we’re to bones going perspective the from that assessed the right? the in fact look plan like that. company the value, going sure want, Well, this no bank directors got that’s company increasing growth except the and new the the anything and with forward didn’t making from made particular doing the at organic we’ve line of we’ve we going big correctly we’re

But I go? What things think whether the to were do we directors, looking What want we it’s Board strategies horizon? two constantly before, that. hold? always the or future what’s existing the at What’s direction new and like other

So that’s really change. not going to

ought Now, certainly standpoint, a we’ve we do. always new and two that’s got to two from great eyes is looking things what at which new perspective, that’s business

in a satisfying of just executing our growth to we’re putting talked lot our going And what I’ve new equipment, stuff that. to continue assess our but plan, like demand strategies, strategy right and is, now about

right we’re we our just So really point the as making that’s tight present as plan. can be now, at on we’re sure

Kyle Krueger

seeing luck in Best Steve. going you. of Thank on increase dramatic come Thank through to Okay. based the forward forward, you, revenue. looking leverage

Steve Taylor

Kyle. Okay. Thanks,

Operator

that And much. Mr. last very was go ahead. Taylor, you question. Thank our

Steve Taylor

for the and Okay. look call, I our forward thanks, Luke, time and everyone next Thanks, updating your and next on you to you. joining quarter. earnings Thank on call

Operator

Thank for attending. conference you, today’s call. Again, everyone. thank concludes This you

Natural Gas Services (NGS) 16 May 232023 Q1 Earnings call transcript