One Gas Inc Stock Price, News & Analysis

ONE Gas, Inc. (NYSE: OGS) announced its fourth quarter and full year 2022 financial results, reporting diluted earnings per share of $1.23 and $4.08, respectively. Net income for Q4 2022 was $67.0 million, an increase from $60.5 million in Q4 2021. For the full year, net income rose to $221.7 million from $206.4 million in 2021. Capital expenditures reached $656.5 million, up from $544.3 million in the prior year. NOTABLE MOVES include a 3-cent dividend increase to 65 cents per share, effective March 10, 2023. The company also provided 2023 guidance, anticipating net income between $224 million and $238 million.

ONE Gas, Inc. (NYSE: OGS) announced its participation in two major conferences: the Morgan Stanley Global Energy and Power Conference on February 27, 2023, in New York City, and the BofA Securities Power, Utilities and Clean Energy Conference on March 1, 2023, in Boston, Massachusetts. Key executives, including Robert S. McAnnally and Caron Lawhorn, will engage with investors during these events.

Materials for the conferences will be available on the ONE Gas website starting February 27, 2023, at 8 a.m. EST. ONE Gas is a prominent U.S. natural gas utility, providing services to over 2.3 million customers across Kansas, Oklahoma, and Texas.

ONE Gas, Inc. (NYSE: OGS) will announce its fourth quarter and full year 2022 financial results after market close on February 22, 2023. The executive team will host a conference call on February 23, 2023, at 11 a.m. EST, to discuss the report. The earnings news release for the first quarter is set for May 1, 2023, with a call on May 2, 2023. Subsequent earnings releases on July 31 and October 30, 2023 will follow the same schedule. 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 (NYSE: OGS) announced a dividend increase of 3 cents per share for Q1 2023, bringing the total to 65 cents per share, resulting in an annualized dividend of $2.60. The dividend is payable on March 10, 2023, to shareholders of record by February 24, 2023. The company forecasts an annual dividend growth of 4% to 6% until 2027, with a target payout ratio of 55%-65% of net income. Additionally, ONE Gas narrowed its 2022 earnings guidance to a range of $4.06 to $4.10 per diluted share, translating to net income expectations between $221 million and $223 million, alongside roughly $655 million in capital investments.

ONE Gas, Inc. (NYSE: OGS) will participate in the BofA Securities Gas Utility Conference on Dec. 5, 2022, and the Wells Fargo Midstream, Utilities, & Renewable Power Symposium on Dec. 7, 2022, both in New York City. Key executives, including President Robert S. McAnnally and CFO Caron Lawhorn, will meet with investors at these events. Conference materials will be available on the ONE Gas website starting at 8 a.m. EST on Dec. 5. ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas.

ONE Gas updated its financial guidance for 2023, expecting net income between $224 million and $238 million, with earnings per share of $4.02 to $4.26. Capital investments are projected at $675 million, focusing on system integrity and customer expansions in Texas and Oklahoma. For the five years ending 2027, net income is anticipated to grow by 7% to 9% annually. The company also expects to settle forward equity sales by year-end 2022, raising approximately $94 million in net proceeds.

ONE Gas, Inc. (NYSE: OGS) reported a third quarter 2022 net income of $23.7 million, up from $20.3 million year-over-year. The company narrowed its 2022 financial guidance, expecting net income between $217 million and $226 million. A quarterly dividend of $0.62 per share was declared, payable December 1, 2022. Operating income also increased to $47.1 million, attributed to new rates and customer growth. However, capital expenditures rose to $174.9 million, reflecting investments in service expansion and system integrity.

ONE Gas, Inc. (NYSE: OGS) will announce its third quarter 2022 earnings after market close on October 31, 2022. The executive management team will hold a conference call on November 1, 2022, at 11 a.m. Eastern Time. Investors can access the call via the ONE Gas website, with options for phone participation and a subsequent 30-day replay available online. ONE Gas operates as a regulated natural gas utility, serving over 2.3 million customers across Kansas, Oklahoma, and Texas.