Natural Gas Services Group Announces Diluted EPS of $0.18

Natural Gas Services Group, Inc. NGS announces its financial results for the third quarter and nine months ended September 30, 2010. Total revenue increased from $11.9 million to $14.2 million, or 20%, for the third quarter ended September 30, 2010, compared to the second quarter ended June 30, 2010. Net income increased 47% to $2.2 million in the third quarter 2010 when compared to $1.5 million in the second quarter of this year. Net income decreased to $2.2 million for the three months ended September 30, 2010 as compared to net income of $2.6 million for the same period in 2009. Net income for the first nine months of 2010 decreased to $5.1 million, when compared to net income of $9.3 million for the same period in 2009. Diluted earnings per share increased to $0.18 in the third quarter 2010 from $0.13 in the second quarter of this year. Our earnings per diluted share was $0.18 for the three months ending September 30, 2010 as compared to $0.22 for the same 2009 period, a 18% decrease. Comparing the first nine months of 2009 versus 2010, our earnings per diluted share were $0.77 compared to $0.41.