Natural Gas Services Group, Inc.
NGS
Energy
2
exclusion reasons
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Natural Gas Services Group, Inc. is a provider of natural gas compression equipment and services, renting, operating, and maintaining this essential midstream infrastructure for the energy industry. Its business model is directly tied to the transportation and processing of fossil fuels, providing the mechanical equipment necessary to move natural gas through pipelines.
The company’s operations support the full fossil fuel supply chain, from wellhead to market. Its compression services are fundamental to gas gathering, processing, transmission, and storage—activities that enable the continued extraction and consumption of natural gas. The company’s financial filings note that its business faces risks from financial institutions limiting activities with fossil fuel companies, indicating its revenue is intrinsically linked to the fossil fuel sector.
While the provided evidence does not detail a specific environmental incident or violation by Natural Gas Services Group itself, its equipment enables the infrastructure cited in broader industry reports. For instance, all operational U.S. LNG terminals, which rely on midstream compression and processing, have documented histories of noncompliance with the Clean Air Act. The company’s services are integral to maintaining and expanding this fossil fuel infrastructure system.
Natural Gas Services Group, Inc. manufactures, fabricates, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its core business is providing high-performance compression equipment and services exclusively to the fossil fuel industry, with no diversification into renewable energy services.
The company’s transformative SMART compressor system is designed to increase the efficiency and uptime of natural gas extraction and processing operations, directly supporting the expansion and optimization of fossil fuel infrastructure. Its entire product line and service model are dedicated to servicing the upstream and midstream segments of the oil and gas sector.
As a pure-play oilfield services company, Natural Gas Services Group’s revenue is entirely dependent on the continued exploration, production, and processing of fossil fuels. The company has announced no plans to transition its business model away from fossil fuel services.
Research Sources
14 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.