Natural Gas Services Group, Inc., a provider of equipment and services to the natural gas industry, announces its financial results for the second quarter ended June 30, 2006.
Total revenue increased from $12.0 million to $15.5 million, or 28%, for the three months ended June 30, 2006, compared to the same period ended June 30, 2005. These gains were the result of a 43% increase in rental revenue and 30% higher sales revenue. These gains outweighed the corresponding $434,000, or 62%, decline in service and maintenance revenue, which had been anticipated. Revenues for the comparable six-month periods increased 26%, or almost $6 million.