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 reports developments for a 100-percent regulated natural gas utility that distributes and sells natural gas in Kansas, Oklahoma and Texas. The company operates through Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service, serving residential, commercial, industrial and transportation customers through regulated pipeline and service-line networks.
Recurring updates cover quarterly and annual results, financial guidance, non-GAAP adjusted earnings measures tied to regulatory carrying-cost deferrals, dividend declarations, rate and customer-growth drivers, investor conference materials, shareholder-meeting matters and executive leadership changes. Company communications also emphasize safe operations, capital investment and customer service within regulated public utility operations.
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.
ONE Gas and Vanguard Renewables have formed a partnership to advance renewable natural gas (RNG) projects in Kansas, Oklahoma, and Texas. This collaboration aims to develop sustainable energy solutions, reducing emissions and supporting environmental goals. RNG projects will capture methane from organic waste, converting it into a cleaner energy source. The initiative is expected to significantly decrease natural gas emissions, aligning with the American Gas Foundation's study projections for 2040. This alliance marks Vanguard's first venture with a regional natural gas distributor.
ONE Gas, Inc. (NYSE: OGS) will disclose its first quarter 2021 earnings after market close on May 3, 2021. A conference call is scheduled for May 4, 2021, at 11 a.m. EDT, where executives will discuss the earnings report. Investors can access the call via phone at 800-263-0877 or through a live webcast on the company’s website. ONE Gas serves over 2.2 million customers in Kansas, Oklahoma, and Texas, making it one of the largest regulated natural gas utilities in the United States.
ONE Gas, Inc. (NYSE: OGS) will participate in the virtual BofA Securities Power, Gas and Solar Leaders Conference on March 2, 2021. The event will feature key executives, including president Pierce H. Norton II and CFO Caron Lawhorn, engaging with the investment community. Interested parties can access conference materials through the ONE Gas website. As a regulated natural gas utility, ONE Gas serves over 2 million customers across Kansas, Oklahoma, and Texas, making it one of the largest natural gas providers in the U.S.
ONE Gas, Inc. (NYSE: OGS) will participate in the Morgan Stanley Energy and Power Conference virtually on March 1, 2021, starting at 8 a.m. EST. Key executives, including Pierce H. Norton II and Caron Lawhorn, will engage with the investment community. Conference materials will be available on the company’s website that day. Based in Tulsa, Oklahoma, ONE Gas provides natural gas services to over 2 million customers in Kansas, Oklahoma, and Texas, and is included in the S&P MidCap 400 Index.
ONE Gas, Inc. (NYSE: OGS) reported its Q4 and full-year 2020 results, achieving diluted earnings per share of $1.09 and $3.68, respectively. The company faced challenges from a historic winter storm, impacting gas supply and pricing, leading to $2.2 billion in gas purchases in February. Despite these issues, Q4 net income grew to $58.3 million, aided by higher sales volumes and new rates. The company announced a dividend increase to 58 cents per share for Q1 2021. OGS aims for 2021 net income between $198 million to $210 million, with capital expenditures projected at $540 million.
ONE Gas (NYSE: OGS) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. An earnings conference call is scheduled for February 26, 2021, at 11 a.m. EST, accessible via the ONE Gas website. Additionally, the company's 2021 Annual Meeting of Shareholders will take place on May 27, 2021, at 9 a.m. CDT. The record date for shareholder eligibility is March 30, 2021. ONE Gas serves over 2 million customers across Kansas, Oklahoma, and Texas.