15 Energy Infrastructure Stocks That Are Skyrocketing

10. Natural Gas Services Group, Inc. (NYSE:NGS)

Returns in Past 6 Months: 42.92%

Number of Hedge Fund Investors: 9

Natural Gas Services Group, Inc. (NYSE:NGS) specializes in the rental and maintenance of natural gas compression units, which are essential for maintaining well pressure and gas flow. Natural Gas Services Group, Inc.’s (NYSE:NGS) clients include oil and gas companies, including independent producers, and midstream companies operating in shales across the United States.

Over the last six months, the stock price of Natural Gas Services Group, Inc. (NYSE:NGS) has experienced a significant increase, driven by a combination of factors. One of the primary reasons for this increase is the company’s strong financial performance, which has been characterized by consistent revenue growth, expanding margins, and improved profitability. In Q3, Natural Gas Services Group, Inc. (NYSE:NGS) reported a 35% increase in rental revenue year-over-year, driven by higher rented horsepower and selected rate increases.

Moving forward, the outlook for Natural Gas Services Group, Inc. (NYSE:NGS) remains bullish, driven by strong market dynamics and the company’s ability to leverage its innovative technology and strong customer relationships to drive growth. The company has increased its guidance for 2024 adjusted EBITDA to a range of $67 million to $69 million, representing 48% growth over fiscal 2023. Additionally, Natural Gas Services Group, Inc. (NYSE:NGS) has provided guidance for 2025 growth CapEx of $90 million to $110 million, which is expected to support new contracts and drive further growth in the company’s rental fleet.