Natural Gas Services Increases FY24 Outlook For Adjusted EBITDA And Growth Capital Expenditures
Portfolio Pulse from Benzinga Newsdesk
Natural Gas Services has increased its FY24 outlook for Adjusted EBITDA to a range of $64 million to $68 million, up from the previously announced range of $61 million to $67 million. The company had initially anticipated Adjusted EBITDA to be between $58 million and $65 million at the start of FY24.
August 14, 2024 | 8:55 pm
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Natural Gas Services has increased its FY24 outlook for Adjusted EBITDA to a range of $64 million to $68 million, up from the previously announced range of $61 million to $67 million. The company had initially anticipated Adjusted EBITDA to be between $58 million and $65 million at the start of FY24.
The increase in the FY24 Adjusted EBITDA outlook indicates better-than-expected performance and a positive outlook for the remainder of the year. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100