NATURAL GAS SERVICES GROUP Business Summary

Natural Gas Services Group Inc (NGS) operates a high-margin energy services model centered on the rental, sale, and maintenance of natural gas compression equipment. The company generates the vast majority of its revenue through long-term rental contracts for its fleet of small to large horsepower compression units (ranging from 50HP to 2,500HP), which are essential for enhancing production in unconventional oil and gas basins across the United States. NGS distinguishes itself through its proprietary "CiP" (Compressor in Pipe) brand and a vertically integrated approach that includes in-house fabrication and a robust aftermarket service segment providing technical support and rebuild programs. In the competitive landscape, NGS operates alongside larger diversified players such as Tetra Technologies (TTI), Helix Energy Solutions Group (HLX), and Oil States International (OIS), maintaining a specialized market position as a premier small-cap provider focused on operational reliability and high mechanical availability for E&P and midstream customers. Leadership is currently spearheaded by Chief Executive Officer Justin Jacobs, who assumed the role in February 2024 following a distinguished career as a Managing Director at Mill Road Capital and an investment professional at The Blackstone Group. He is supported by Chief Financial Officer Ian Eckert, who joined in early 2025 from Alamo Group Inc. and brings extensive financial strategy experience from AMETEK and Howmet Aerospace. The technical division is led by Vice President John Rowell, a veteran of the company since 2001 who has been instrumental in developing NGS’s proprietary technology. The Board of Directors is chaired by Donald J. Tringali, CEO of Augusta Advisory Group, while long-time leader and Chairman Emeritus Stephen Taylor is slated for retirement at the 2026 Annual Meeting. Notable institutional backing includes Mill Road Capital Management, reflecting a leadership pedigree rooted in private equity and operational turnarounds.