Welcome to our dedicated page for One Gas news (Ticker: OGS), a resource for investors and traders seeking the latest updates and insights on One Gas stock.
ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility serving more than 2.3 million customers in Kansas, Oklahoma and Texas. This news page aggregates company-issued updates and market-moving announcements related to OGS, giving readers a focused view of how the utility is operating and evolving within the natural gas distribution sector.
Investors following ONE Gas news can expect regular coverage of quarterly and annual financial results, earnings guidance updates and dividend declarations. The company frequently issues news releases in connection with its earnings calls and webcasts, where it discusses operating income, the impact of new rates, customer growth and capital spending for system integrity and expansion.
Because ONE Gas operates under state regulation in Oklahoma, Kansas and Texas, its news flow also includes regulatory developments. These may involve rate case filings, approvals of gas reliability or performance-based mechanisms, and updates on how regulatory decisions affect revenues and customer bills across its Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service divisions.
ONE Gas also publishes announcements about participation in investor conferences, changes in corporate governance such as board leadership transitions, and financing actions linked to its capital-intensive infrastructure program. Readers can use this page to monitor how the company communicates about its strategy, risk factors and long-term investment plans in its core territories.
By checking this OGS news feed regularly, market participants gain a centralized view of official company communications that may influence perceptions of earnings stability, regulatory relationships and the utility’s role in providing natural gas service in Kansas, Oklahoma and Texas.
ONE Gas, Inc. (NYSE: OGS) reported a net income of $20.3 million, or $0.38 per diluted share for Q3 2021, a slight decline from $21.1 million or $0.39 per share in Q3 2020. Year-to-date net income reached $145.9 million, or $2.72 per diluted share, up from $138.1 million, or $2.59 per share the previous year. The company redeemed $400 million of senior notes and declared a $0.58 quarterly dividend, payable on Dec. 1, 2021. The results reflect customer growth and new rates, alongside an ESG report emphasizing its commitment to cleaner energy.
ONE Gas, Inc. (NYSE: OGS) will announce its third quarter 2021 earnings on November 1, 2021, post-market. A conference call is set for November 2, 2021, at 11 a.m. EDT. ONE Gas, headquartered in Tulsa, Oklahoma, serves over 2.2 million customers across Kansas, Oklahoma, and Texas. The company operates as a regulated natural gas utility and is part of the S&P MidCap 400 Index. For those who cannot attend the call, a replay will be available for 30 days on the company's website.
ONE Gas, Inc. (NYSE: OGS) reported a strong second quarter 2021 with net income increasing to $30.1 million ($0.56 per share), up from $25.3 million ($0.48 per share) in Q2 2020. Year-to-date net income rose to $125.7 million ($2.35 per share) versus $117.0 million ($2.20 per share) last year. The company reaffirmed its 2021 guidance, expecting net income between $198 million and $210 million. Operating costs increased slightly, while capital expenditures were $129.4 million in Q2. Regulatory actions on Winter Storm Uri costs are underway in all operating states.
ONE Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 58 cents per share, payable on Sept. 1, 2021, to shareholders of record by Aug. 13, 2021. This aligns with the annual dividend expectation of $2.32 per share for 2021, with a projected growth rate of 6% to 8% through 2025. The company maintains a target payout ratio of 55% to 65% of net income, depending on board approval. Operating as a wholly regulated natural gas utility, ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas.
ONE Gas, Inc. (NYSE: OGS) will announce its second quarter 2021 earnings on August 2, 2021, after market close. The executive team will host a conference call on August 3, 2021, at 11 a.m. EDT. The call, available live on the ONE Gas website, will offer insights into the company's financial performance.
ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas. It operates divisions including Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service, making it a major player in the natural gas utility sector.
ONE Gas announces Robert S. McAnnally as the new president and CEO, effective June 28, 2021, succeeding Pierce H. Norton II. McAnnally, who has been with the company for six years, was previously COO and will also join the Board of Directors. Curtis L. Dinan will take over McAnnally's role as COO. This transition follows an ongoing succession planning process aimed at maintaining operational and financial performance. ONE Gas provides service to over 2.2 million customers across Kansas, Oklahoma, and Texas and is a leading natural gas utility in the U.S.
ONE Gas, Inc. (NYSE: OGS) announced the retirement of its president and CEO, Pierce H Norton II, effective June 27, 2021. Following his departure, Norton will become the CEO of ONEOK Inc. (NYSE: OKE) on June 28, 2021. The Corporate Governance Committee is actively working to recommend Norton's successor. Since its formation in 2014, ONE Gas has developed a culture focused on stakeholder value and is recognized as one of the largest natural gas utilities in the U.S., serving over 2.2 million customers in Kansas, Oklahoma, and Texas.
On May 25, 2021, ONEOK, Inc. (NYSE: OKE) announced the retirement of CEO Terry K. Spencer, effective September 30, 2021, after 20 years with the company. Pierce H. Norton II, currently CEO of ONE Gas, Inc. (NYSE: OGS), will succeed him on June 28, 2021. The leadership transition follows a planned succession process, highlighting Norton's extensive experience in the natural gas sector. Spencer will assist in the transition and remain a board member until retirement. The Board expressed gratitude for Spencer's contributions during challenging times.
ONE Gas, Inc. (NYSE: OGS) will participate in the American Gas Association Financial Forum on May 19-20, 2021. Key executives, including CEO Pierce H. Norton II and CFO Caron Lawhorn, will engage with investors during virtual meetings. Conference materials will be available on the ONE Gas website starting at 8 a.m. EDT. ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas and is part of the S&P MidCap 400 Index, emphasizing its status as a leading natural gas utility in the U.S.
ONE Gas, Inc. (NYSE: OGS) reported a net income of $95.6 million for Q1 2021, up from $91.7 million in Q1 2020, translating to $1.79 per diluted share. Despite a 7% colder than normal winter, the company reaffirmed its 2021 financial guidance, projecting net income between $198 million and $210 million. The company also declared a quarterly dividend of $0.58 per share, payable on June 1, 2021. Regulatory updates indicate substantial cost recovery due to Winter Storm Uri, with $2.0 billion in deferred costs related to gas purchases.
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