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 (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.
ONE Gas (NYSE: OGS) has declared a quarterly dividend of 66 cents per share of common stock, payable on Aug. 30, 2024, to shareholders of record as of Aug. 14, 2024. The company previously announced its expectation to maintain this quarterly dividend throughout 2024, resulting in an annualized dividend of $2.64 per share. ONE Gas projects an average annual dividend growth of 1% to 2% through 2028, with a target dividend payout ratio of 55% to 65% of net income, subject to board approval. As a 100% regulated natural gas utility, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas, and is included in the S&P MidCap 400 Index.
ONE Gas has appointed Yves C. Siegel and Sanjay D. Meshri to its board of directors, effective July 2, 2024. This addition brings the total number of board members to nine. Siegel, an experienced investment strategist, and Meshri, a seasoned leader in chemical research and operations, are expected to enhance the company's focus on safety, operational, and financial performance.
ONE Gas (NYSE: OGS) will release its second quarter 2024 financial results after the market closes on August 5, 2024.
The executive management team will host a conference call and webcast on August 6, 2024, at 11 a.m. EDT to discuss the results.
The call will be accessible via phone (833-470-1428, pass code 221538) and the ONE Gas website.
A replay will be available on the website for 30 days and by phone for seven days (866-813-9403, pass code 629830).
ONE Gas, a regulated natural gas utility serving over 2.3 million customers in Kansas, Oklahoma, and Texas, is included in the S&P MidCap 400 Index.
ONE Gas has published its annual Sustainability Report for 2023, highlighting its dedication to safety, environmental stewardship, and inclusive work culture. According to Robert S. McAnnally, CEO of ONE Gas, the company plays a vital role in a sustainable energy future, serving 2.3 million customers as one of the largest natural gas distributors in the U.S.
The report notes key achievements, including recognition from the American Gas Association for the seventh consecutive year for having the fewest severe injury incidents among mega-sized natural gas distributors. ONE Gas has reduced CO2e emissions by 50% since 2005 and aims to achieve a 55% reduction in Scope 1 emissions by 2035. In terms of inclusivity, 59% of new hires in 2023 were women or individuals from historically underrepresented groups, and the company was acknowledged by the Disability Equity Index as a top workplace for disability inclusion. Additionally, ONE Gas contributed $3.4 million to community initiatives.
ONE Gas (NYSE: OGS) announced its participation in the Mizuho Mid-Cap Utilities Conference on June 3, 2024, in New York City. CEO Robert S. McAnnally and CFO Christopher Sighinolfi will meet with the investment community. Conference materials will be available on the ONE Gas website starting at 8 a.m. Eastern Daylight Time. ONE Gas, a regulated natural gas utility, serves over 2.3 million customers across Kansas, Oklahoma, and Texas. It is listed on the NYSE and included in the S&P MidCap 400 Index.
ONE Gas, Inc. (OGS) announced its first quarter 2024 financial results, affirming its 2024 financial guidance and declaring a quarterly dividend. Despite a decrease in net income compared to the previous year, the company remains on track to achieve its financial goals. Operating income was impacted by employee-related costs and lower sales volumes, offset by revenue from new rates. The company is investing in its workforce and expanding services to new areas. Regulatory activities updates include rate change applications in Oklahoma, Kansas, and Texas. ONE Gas reaffirmed its 2024 financial guidance, with expected net income and capital expenditures outlined. Investors can participate in an earnings conference call scheduled for May 7, 2024.
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