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 (NYSE: OGS) has priced a public offering of 2,500,000 shares of common stock, expecting to raise approximately $197.5 million in gross proceeds. The company entered into a forward sale agreement with JPMorgan Chase Bank, with settlement expected by December 31, 2026. The offering includes an option for underwriters to purchase an additional 375,000 shares. ONE Gas will not initially receive proceeds unless specific conditions are met, and the company may elect cash settlement or net share settlement. The intended use of proceeds includes general corporate purposes, debt repayment, working capital, and construction investments. The offering is expected to close on May 12, 2025.
ONE Gas (NYSE: OGS) has announced a public offering of 2,500,000 shares of common stock, with an additional option for underwriters to purchase up to 375,000 shares. The company is entering into a forward sale agreement with JPMorgan Chase Bank, with settlement expected by December 31, 2026. J.P. Morgan Securities LLC is acting as the sole underwriter. ONE Gas won't initially receive proceeds unless specific conditions are met, and the company may elect cash settlement or net share settlement. Any proceeds will be used for general corporate purposes, including debt repayment, working capital, and investments. ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas as one of the largest natural gas utilities in the United States.
["Potential strengthening of balance sheet through debt repayment and working capital enhancement", "Flexibility in settlement options (cash, net share, or physical delivery) provides strategic advantages", "Additional capital for construction and acquisition opportunities"]ONE Gas (NYSE: OGS) reported strong Q1 2025 financial results, with net income reaching $119.4 million ($1.98 per diluted share), up from $99.3 million ($1.75 per diluted share) in Q1 2024. Operating income increased to $180.5 million from $145.9 million year-over-year, primarily driven by a $51.9 million increase from new rates. The company declared a quarterly dividend of $0.67 per share ($2.68 annualized), payable June 3, 2025.
Despite weather being 5% colder than normal and 16% colder than Q1 2024, the impact was largely offset by regulatory weather normalization mechanisms. Capital expenditures were $177.7 million in Q1 2025. The company expects to achieve the upper half of its 2025 financial guidance, projecting net income between $254-261 million and EPS of $4.20-$4.32.
ONE Gas (NYSE: OGS) has announced its participation in the upcoming American Gas Association Financial Forum, scheduled for May 18-20, 2025, in Marco Island, Florida. The company's leadership team, including President and CEO Robert S. McAnnally, COO Curtis Dinan, and CFO Christopher Sighinolfi, will engage with the investment community during the event.
Conference materials will be available on the ONE Gas website after market close on May 16, 2025. ONE Gas, a member of the S&P MidCap 400 Index, operates as 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 scheduled its first quarter 2025 financial results release for Monday, May 5, 2025, after market close. The company will host a conference call and webcast on Tuesday, May 6, 2025, at 11 a.m. Eastern Time (10 a.m. Central Time).
ONE Gas is a fully regulated natural gas utility included in the S&P MidCap 400 Index. The company serves over 2.3 million customers across Kansas, Oklahoma, and Texas through its divisions: Kansas Gas Service (largest distributor in Kansas), Oklahoma Natural Gas (largest in Oklahoma), and Texas Gas Service (third largest in Texas).
The earnings call can be accessed via phone at 833-470-1428 (passcode: 583185) or through their website. A replay will be available online for 30 days and via phone for seven days (866-813-9403, passcode: 983295).
ONE Gas (NYSE: OGS) has announced its 2025 Annual Meeting of Shareholders, scheduled for Thursday, May 22, 2025, at 10 a.m. Eastern Daylight Time. The meeting will be conducted virtually and streamed on the company's website. March 24, 2025, has been set as the record date for shareholder voting eligibility.
ONE Gas is a fully regulated natural gas utility listed on the NYSE and included in the S&P MidCap 400 Index. The company serves over 2.3 million customers across Kansas, Oklahoma, and Texas through its divisions: Kansas Gas Service (largest distributor in Kansas), Oklahoma Natural Gas (largest in Oklahoma), and Texas Gas Service (third largest in Texas).
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.