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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) will announce its fourth quarter and full year 2020 financial results on February 17, 2021, after market close. An earnings conference call is scheduled for the next day, February 18, 2021, at 11 a.m. Eastern Time. The company provides natural gas services to over 2 million customers across Kansas, Oklahoma, and Texas. It operates as a regulated utility and is part of the S&P MidCap 400 Index. The conference call can be accessed via phone or webcast, and a recording will be available afterward.
ONE Gas (NYSE: OGS) expects net income for 2021 between $198 million and $210 million, with earnings per share projected at $3.68 to $3.92. The updated 2020 guidance ranges from $3.66 to $3.70 per diluted share. The 2021 outlook considers new rates and customer growth, but anticipates rising operating expenses. Capital expenditures are estimated at $540 million for 2021, with plans for a total of $3.0 billion from 2021 to 2025. Average annual dividend growth is expected to be between 6% to 8% from 2020 to 2025.
ONE Gas, Inc. (NYSE: OGS) announced a dividend increase of 4 cents per share, raising the quarterly dividend to 58 cents, resulting in an annualized dividend of $2.32. The dividend is set to be paid on March 5, 2021, to shareholders on record by February 19, 2021. The company anticipates an average annual dividend increase of 6% to 8% from 2020 to 2025, targeting a payout ratio of 55% to 65% of net income, subject to board approval. ONE Gas is a regulated natural gas utility serving over 2 million customers across Kansas, Oklahoma, and Texas.
ONE Gas, Inc. (NYSE: OGS) announced its participation in the Wells Fargo Virtual Midstream & Utility Symposium scheduled for December 9, 2020. Key executives, including president Pierce H. Norton II and CFO Caron Lawhorn, will engage with the investment community during this event. As a regulated natural gas utility, ONE Gas serves over 2 million customers across Kansas, Oklahoma, and Texas. The company is part of the S&P MidCap 400 Index and is recognized as one of the largest natural gas utilities in the U.S. More information is available on their website.
ONE Gas, Inc. (NYSE: OGS) will participate in the Mizuho Virtual U.S. Utility Summit on December 1, 2020. Key executives, including president Pierce H. Norton II and CFO Caron Lawhorn, will engage with investors during this event. The materials from the conference will be available on the company's website. ONE Gas operates as a regulated natural gas utility, serving over 2 million customers across Kansas, Oklahoma, and Texas, and is included in the S&P MidCap 400 Index.
ONE Gas, Inc. (NYSE: OGS) reported its third quarter 2020 financial results, highlighting a net income of $21.1 million, or $0.39 per diluted share, an increase from $17.5 million, or $0.33 per diluted share a year ago. Year-to-date net income reached $138.1 million, or $2.59 per diluted share. The company updated its 2020 financial guidance, projecting net income between $186 million and $198 million and EPS from $3.44 to $3.68. A quarterly dividend of $0.54 per share was declared, payable Dec. 1, 2020.
ONE Gas, Inc. (NYSE: OGS) will announce its third quarter 2020 earnings post-market on November 2, 2020. An accompanying conference call will occur on November 3, 2020, at 11 a.m. EST. Interested parties can join via phone at 800-289-0571 or access the webcast on the company's website.
ONE Gas provides natural gas services to over 2 million customers across Kansas, Oklahoma, and Texas, operating divisions including Kansas Gas Service and Oklahoma Natural Gas.
ONE Gas, Inc. (NYSE: OGS) reported its second quarter 2020 financial results, with net income of $25.3 million, or $0.48 per diluted share, a slight increase from $24.5 million, or $0.46 per diluted share, in Q2 2019. The company reaffirmed its 2020 earnings guidance of $186 million to $198 million. Capital expenditures are now projected at $500 million to $525 million, up from $475 million, due to service extensions. Despite COVID-19 impacts, customer growth and new rates continue to benefit the company.
ONE Gas, Inc. (NYSE: OGS) has declared a quarterly dividend of 54 cents per share, payable on Sept. 1, 2020, to shareholders of record by Aug. 14, 2020.
The annualized dividend for 2020 is projected at $2.16 per share, with expected growth of 6% to 8% from 2019 to 2024. The company aims for a dividend payout ratio of 55% to 65% of net income, subject to board approval. ONE Gas serves over 2 million customers across Kansas, Oklahoma, and Texas, and is a prominent player in the regulated natural gas utility sector.