President Trump's push for energy production amid falling oil prices impacts Natural Gas Services Group.

From Yahoo Finance: 2025-03-27 21:07:00

President Trump aims to lower energy costs, pushing oil and gas production despite industry skepticism due to falling oil prices and tariff uncertainty. The US is the top oil producer, with record high daily production of 13.49 million barrels in Dec. 2024. WTI crude oil price is near $70, expected to average $66 in 2025. The broader energy sector gained 7.5% YTD. Natural Gas Services Group (NYSE:NGS) reported Q4 2024 EPS of $0.23, missing estimates by $0.03. Revenue of $40.66M, up 12.25% YoY, slightly below expectations. NGS expects 2025 Adjusted EBITDA of $74-$78M. NGS ranks 8th in energy stocks losing this week.



Read more at Yahoo Finance: Why is Natural Gas Services Group, Inc. (NGS) Losing This Week?