Financial Data and Key Metrics Changes - Net income for Q4 2019 was $51.2 million or $0.96 per diluted share, compared to $44.7 million or $0.84 per diluted share for the same period last year, reflecting a year-over-year increase [7] - For the full year 2019, net income was $186.7 million or $3.51 per diluted share, up from $172.2 million or $3.25 per diluted share in 2018 [9] - Operating costs for Q4 2019 were $133.9 million, an increase from $123.8 million in the same period last year, primarily due to employee-related expenses and bad debt expenses [8] Business Line Data and Key Metrics Changes - Net margin increased by $16.3 million in Q4 2019, driven by new rates in service areas and residential customer growth in Oklahoma and Texas [8] - For the full year, net margin increased by $45.7 million due to new rates, residential customer growth, and higher sales volumes in Texas [9] Market Data and Key Metrics Changes - The average rate base at year-end was $3.62 billion, with 42% in Oklahoma, 49% in Kansas, and 29% in Texas [13] - ONE Gas was a cash taxpayer for the first time in 2019, with payments of approximately $30 million [13] Company Strategy and Development Direction - The company plans to focus on maintaining safety and reliability, extending service to new areas, and investing in technology to improve efficiency and customer experience [15][16] - The forecasted average annual dividend increase is expected to be 6% to 8% between 2019 and 2024, with a targeted payout ratio of 55% to 65% of net income [14] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its business strategy, emphasizing a focus on safety, reliability, and reducing emissions [26][28] - The company anticipates net financing needs of $850 million to $900 million over the next five years, with a forecasted EPS growth rate of 5% to 7% [17][18] Other Important Information - Capital expenditures for 2019 totaled $465.1 million, with a focus on system improvements and safety [13] - The company completed its five-year accelerated cast iron replacement program, which is part of its strategy to reduce methane emissions [24] Q&A Session Summary Question: What was the last rate case in Texas? - The last rate case in Central Texas was approximately in 2015 [31] Question: What percentage increase does the $15 million revenue increase request represent? - The detailed percentage data was not available during the call, but it was noted to be about a 9% increase as filed [45] Question: Can you characterize your relationship with the Railroad Commission? - The company has a constructive relationship with both City Councils and the Railroad Commission [34] Question: What are the customer growth profiles among the three states? - Texas has the highest growth rates, particularly in Austin and El Paso, while Oklahoma is slightly above average and Kansas is relatively flat [36] Question: What initiatives are in place to improve earned ROE? - The expected ROE for 2020 is 8.4%, with initiatives focused on operational efficiency and regulatory processes [37][38] Question: When will the next GSRS filing be in Kansas? - The next GSRS filing is expected in August of the current year [42] Question: Will asset removal costs change significantly? - No significant change in asset removal costs is expected, though they may decrease slightly [48]

2020 FINANCIAL GUIDANCE January 21, 2020 Forward-Looking Statements Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements that are covered by the safe harbor provisions of the Securities Act of 1933 and the Securities and Exchange Act of 1934. It is important to note that the actual results could differ materially from those projected in such forward-looking statements. For additional information that could cause actual res ...

INVESTOR UPDATE New York City | December 2019 Forward-Looking Statements Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements that are covered by the safe harbor provisions of the Securities Act of 1933 and the Securities and Exchange Act of 1934. It is important to note that the actual results could differ materially from those projected in such forward-looking statements. For additional information that could cause actua ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2019. OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission file number 001-36108 ONE Gas, Inc. (Exact name of registrant as specified in its charter) Oklahoma 46-3561936 (State or other ...

Financial Data and Key Metrics Changes - Net income for Q3 2019 was $17.5 million, or $0.33 per diluted share, compared to $16.3 million, or $0.31 per diluted share for the same period last year [5] - Operating costs increased to $114.6 million from $110.5 million year-over-year, primarily due to higher employee-related costs [6] - Interest expense rose due to the refinancing of $400 million of senior notes at a higher interest rate [7] - The company affirmed its 2019 net income guidance of $180 million to $190 million, or approximately $3.39 to $3.57 per diluted share [14] Business Line Data and Key Metrics Changes - The increase in net margin was attributed to new rates and residential customer growth, particularly in Oklahoma and Texas [6] - The authorized rate base as of September 30 was approximately $3.5 billion, with an estimated average rate base for 2019 projected at $3.64 billion [8][10] Market Data and Key Metrics Changes - The company is returning approximately $16 million to customers in Kansas and Oklahoma for excess accumulated deferred income taxes [11] - The company ended the quarter with approximately $304 million of capacity under its commercial paper program [12] Company Strategy and Development Direction - The long-term strategy remains focused on being a 100% regulated natural gas distribution company, emphasizing safety, expense management, and sustainability [24] - The company has successfully removed all sections of cast iron from its system, marking a significant milestone [22] Management's Comments on Operating Environment and Future Outlook - Management noted that the bad debt expense increase was routine and not indicative of local economic weakness [28] - There is no observed pushback on new gas hook-ups, with strong activity in capturing new developments [29] - The next PBRC filing in Oklahoma is expected to result in a rate increase, the first since 2016 [17] Other Important Information - The company plans to finance its needs with approximately one-third being equity, but specific financing methods have not been finalized [12][34] Q&A Session Summary Question: Was the increase in bad debt expense material and indicative of economic weakness? - Management clarified that the increase was routine and related to collection activity fluctuations, not economic weakness [28] Question: What level of customer growth was seen in the quarter, and is there pushback on new gas hook-ups? - Management reported strong customer growth and no pushback on new gas connections, emphasizing strong market activity [29] Question: How much capex is planned to be recovered with the GSRS filing in Kansas? - Management indicated that the GSRS filing is expected to yield about $4.2 million in new revenues, with 90% of capital subject to annual filings [33] Question: Will most of the equity financing be through ADM in 2020 and beyond? - Management stated that while it makes sense to consider ADM, no final decisions on financing methods have been made yet [34]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2019. OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission file number 001-36108 ONE Gas, Inc. (Exact name of registrant as specified in its charter) Oklahoma 46-3561936 15 East Fifth Street ...

Financial Data and Key Metrics Changes - Net income for Q2 2019 was $24.5 million or $0.46 per diluted share, compared to $20.4 million or $0.39 per diluted share for the same period last year, reflecting an increase in profitability [6] - Operating costs decreased to $116.1 million from $117.6 million in the same period last year, primarily due to a decrease in employee-related costs [7] - Cash provided by operating activities was approximately $240 million through June 2019, impacted by tax reform [8] - Updated 2019 earnings per share guidance is now in the range of $3.39 to $3.57, up from the previous range of $3.27 to $3.57 [11] Business Line Data and Key Metrics Changes - The company experienced lower sales volumes net of weather normalization in Kansas, but residential customer growth was noted in Oklahoma and Texas [6] - In Oklahoma, base rates were lowered by $11.3 million, and in Kansas, $16.6 million was refinanced for over-collection of taxes [9] Market Data and Key Metrics Changes - Authorized rate base as of June 30 was approximately $3.38 billion, with an estimated average rate base projected at $3.61 billion, distributed as 42% in Oklahoma, 29% in Kansas, and 29% in Texas [12][13] Company Strategy and Development Direction - The company aims to maintain a competitive advantage by focusing on safe operations and managing expenses, with a targeted annual dividend increase of 7% to 9% between 2018 and 2023 [10][21] - The company is also looking for opportunities to improve processes and efficiencies, particularly through technology advancements [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the overall performance to date has been positive, leading to an increase in the midpoint of earnings per share guidance [18] - The company expects to return excess accumulated deferred income taxes to customers, which will help stabilize cash flows moving forward [9][25] Other Important Information - The Board of Directors declared a dividend of $0.50 per share, consistent with the previous quarter [10] - The company ended the quarter with approximately $406 million of capacity under its commercial paper program and does not anticipate any equity or capital market needs in 2019 [14] Q&A Session Summary Question: Should we look at the clean operating cash performance of the business net of all Tax Cuts and Jobs Act impacts commencing in the second half of next year? - Curtis Dinan confirmed that this is the right way to look at it, as the impacts will be fully recognized after the upcoming approvals [25] Question: How should we calibrate our model for the environment regarding uses of cash going into year-end? - Curtis Dinan acknowledged the fluctuations in cash flow and indicated that the company is in a consistent cadence for addressing accumulated deferred income taxes [27] Question: Can you provide more color on the movement in other income related to employee benefit plans? - Caron Lawhorn explained that the guidance reflects a flat market, and fluctuations in plan assets are offsetting operating expenses [30] Question: What is the expectation for O&M growth beyond 2019? - Curtis Dinan indicated a general guidance of a 2% to 3% annual increase in O&M expenses, which aligns with the recent increase [33] Question: Was ONE Gas impacted by flooding in Oklahoma? - Sid McAnnally stated that while there was significant flooding, it did not have a material impact on the company's system or O&M, although some additional overtime costs were incurred [35]

AMERICAN GAS ASSOCIATION FINANCIAL FORUM Fort Lauderdale, Florida | May 21-22, 2019 Forward-Looking Statements Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements that are covered by the safe harbor provisions of the Securities Act of 1933 and the Securities and Exchange Act of 1934. It is important to note that the actual results could differ materially from those projected in such forward-looking statements. For additio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2019. OR ___ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission file number 001-36108 ONE Gas, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

Financial Data and Key Metrics Changes - Net income for Q1 2019 was $93.7 million or $1.76 per diluted share, compared to $90.8 million or $1.72 per diluted share for the same period last year, reflecting an increase in both net income and earnings per share [6]. Business Line Data and Key Metrics Changes - The first quarter results were positively impacted by new rates in Kansas and higher sales volumes, indicating growth in the company's operational performance [6]. Market Data and Key Metrics Changes - Specific market data and metrics were not detailed in the provided content, thus this section is not applicable. Company Strategy and Development Direction and Industry Competition - The management team, including the CFO and CEO, is focused on leveraging new rates and increasing sales volumes to enhance financial performance, although specific strategic initiatives were not discussed in the provided content [6]. Management's Comments on Operating Environment and Future Outlook - Management's comments regarding the operating environment and future outlook were not explicitly detailed in the provided content, thus this section is not applicable. Other Important Information - The call included a reminder that forward-looking statements are covered by Safe Harbor provisions, indicating the company's awareness of potential risks and uncertainties in its projections [3]. Q&A Session All Questions and Answers - The content does not provide specific questions and answers from the Q&A session, thus this section is not applicable.