One Gas Inc Stock Price, News & Analysis

ONE Gas (NYSE: OGS) reported Q4 2024 net income of $77.0 million ($1.34 per diluted share), up from $70.7 million ($1.27 per share) in Q4 2023. Full-year 2024 net income was $222.9 million ($3.91 per share), compared to $231.2 million ($4.14 per share) in 2023.

Q4 operating income increased to $124.3 million from $107.1 million, driven by a $24.6 million increase from new rates and higher residential sales. The company's capital expenditures reached $762.1 million in 2024, up from $728.7 million in 2023.

In December, ONE Gas raised $245.7 million through an at-the-market equity program. The company increased its quarterly dividend to $0.67 per share ($2.68 annualized) in January 2025. For 2025, ONE Gas projects net income between $254-261 million, with EPS guidance of $4.20-$4.32.

ONE Gas (NYSE: OGS) has announced its participation in multiple upcoming investor conferences in February and March 2025. The company will attend the UBS Midwest Utilities Mini-Conference on February 26-27 in Chicago and Dallas, followed by the Morgan Stanley Energy and Power Conference on March 3 and the Jefferies Power, Utilities and Clean Energy Conference on March 4 in New York City.

Key executives attending include Robert S. McAnnally (President and CEO) and Christopher Sighinolfi (CFO) at the UBS conference, while Curtis Dinan (COO) and Christopher Sighinolfi will represent ONE Gas at the Morgan Stanley and Jefferies conferences. Conference materials will be available on the company's website.

ONE Gas is a 100-percent regulated natural gas utility serving over 2.3 million customers across Kansas, Oklahoma, and Texas through its divisions: Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service.

ONE Gas (NYSE: OGS) has announced its schedule for fourth quarter and full year 2024 financial results release, along with its earnings communication calendar for 2025. The company will release Q4 and full-year 2024 results after market close on February 19, 2025, followed by a conference call on February 20, 2025, at 11 a.m. Eastern Time.

The company has also outlined its 2025 quarterly earnings schedule:

• Q1 2025: Release on May 5, call on May 6
• Q2 2025: Release on August 5, call on August 6
• Q3 2025: Release on November 3, call on November 4

ONE Gas is a fully regulated natural gas utility serving over 2.3 million customers across Kansas, Oklahoma, and Texas through its divisions: Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service. The company is included in the S&P MidCap 400 Index.

ONE Gas (NYSE: OGS) has announced a dividend increase for the first quarter 2025, raising it by 1 cent to 67 cents per share, resulting in an annualized dividend of $2.68 per share. The dividend will be paid on March 7, 2025, to shareholders of record as of February 21, 2025.

The company projects an average annual dividend increase of 1% to 2% through 2029, targeting a dividend payout ratio of 55% to 65% of net income, subject to board approval. ONE Gas is a fully regulated natural gas utility serving over 2.3 million customers across Kansas, Oklahoma, and Texas through its divisions: Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service.

ONE Gas (NYSE: OGS) has released its 2025 financial guidance and updated five-year growth projections. The company expects 2025 net income between $254-261 million, with earnings per diluted share of $4.20-$4.32. Capital investments for 2025 are projected at $750 million, including $180 million for new customer extensions.

For the five-year period through 2029, ONE Gas anticipates capital investments of $4.0 billion, with average rate base growth of 7-9% annually. The company projects net income growth of 7-9% and diluted EPS growth of 4-6%. Operating costs are expected to increase by 4% annually, with total financing needs of $1.5 billion through 2029, of which 40% will be equity. The company targets a dividend payout ratio of 55-65% with 1-2% annual dividend growth.

ONE Gas (NYSE: OGS) announced its participation in three upcoming utility conferences in December 2024. The company will attend the Jefferies Gas Utilities Mini-Conference virtually on Dec. 9, the Mizuho Power, Energy & Infrastructure Conference in New York City, and the Wells Fargo Midstream, Energy & Utilities Symposium on Dec. 11. Key executives, including CEO Robert McAnnally, CFO Christopher Sighinolfi, and COO Curtis Dinan, will meet with investment community members.

ONE Gas, a fully regulated natural gas utility serving over 2.3 million customers across Kansas, Oklahoma, and Texas, will make conference materials available on their website from Dec. 6. The company operates through Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service divisions.

ONE Gas (NYSE: OGS) reported Q3 2024 net income of $19.3 million ($0.34 per diluted share), down from $25.2 million ($0.45 per share) in Q3 2023. Year-to-date net income was $145.8 million ($2.56 per share), compared to $160.5 million ($2.87 per share) last year. The company increased its 2024 EPS guidance to $3.85-$3.95 from $3.70-$4.00 previously.

Operating income rose to $59.5 million in Q3 2024 from $57.2 million in Q3 2023, primarily due to a $17.5 million increase from new rates. The company expanded its credit agreement and commercial paper program capacity to $1.35 billion each and issued an additional $250 million in senior notes.

ONE Gas (NYSE: OGS) has announced its third quarter 2024 financial results release and conference call schedule. The company will release its Q3 2024 results after market close on November 4, 2024. A conference call and webcast will follow on November 5, 2024, at 11 a.m. Eastern Standard Time.

Investors can access the call by dialing 833-470-1428 (pass code: 002088) or via webcast on the ONE Gas website. A replay will be available for 30 days on the company's website and by phone for seven days (866-813-9403, pass code: 631642).

ONE Gas is a 100-percent regulated natural gas utility serving over 2.3 million customers in Kansas, Oklahoma, and Texas. It is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States.

ONE Gas (NYSE: OGS) reported its second quarter 2024 financial results and reaffirmed its 2024 guidance. Key highlights include:

- Q2 2024 net income of $27.3 million ($0.48 per diluted share), compared to $32.7 million ($0.58 per diluted share) in Q2 2023

- Year-to-date 2024 net income of $126.6 million ($2.23 per diluted share), compared to $135.3 million ($2.42 per diluted share) in the same period last year

- Operating income increased to $69.4 million in Q2 2024 from $64.0 million in Q2 2023

- Capital expenditures and asset removal costs were $194.6 million for Q2 2024

The company reaffirmed its 2024 net income guidance range of $214 million to $231 million, or $3.70 to $4.00 per diluted share. Capital expenditures for 2024 are expected to be approximately $750 million.