Company Overview - ONE Gas (OGS) is expected to report a year-over-year increase in earnings, with a projected EPS of $1.85, reflecting a +5.7% change, and revenues anticipated at $803.58 million, up 6% from the previous year [3][12] - The stock's performance may be influenced by how actual results compare to these estimates, with a potential stock price increase if results exceed expectations [1][2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 2.23% lower over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for ONE Gas is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.11%, suggesting a likelihood of beating the consensus EPS estimate [10][11] Earnings Surprise History - In the last reported quarter, ONE Gas had an expected EPS of $1.33 but delivered $1.34, resulting in a surprise of +0.75% [12] - Over the last four quarters, ONE Gas has only beaten consensus EPS estimates once [13] Industry Context - In the Zacks Utility - Gas Distribution industry, Spire (SR) is expected to post earnings of $3.70 per share, indicating a +7.3% year-over-year change, with revenues projected at $1.09 billion, down 3% from the previous year [17] - The consensus EPS estimate for Spire has been revised 1.5% higher, but with an Earnings ESP of 0.00%, it is difficult to predict a beat against the consensus EPS estimate [18]

Company Participation - ONE Gas, Inc. will participate in the American Gas Association Financial Forum from May 18-20, 2025, in Marco Island, Florida [1] - Key executives including Robert S. McAnnally, Curtis Dinan, and Christopher Sighinolfi will hold meetings with the investment community [1] Financial Information - Materials from the conference will be available on the ONE Gas website after market close on May 16, 2025 [2] - ONE Gas is a 100-percent regulated natural gas utility and is listed on the New York Stock Exchange under the symbol "OGS" [2] Company Overview - ONE Gas is headquartered in Tulsa, Oklahoma, serving over 2.3 million customers across Kansas, Oklahoma, and Texas [3] - The company operates three divisions: Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service, with Kansas Gas Service being the largest distributor in Kansas [3]

Company Overview - ONE Gas, Inc. is a 100-percent regulated natural gas utility and trades on the New York Stock Exchange under the symbol "OGS" [3] - The company is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States [3] - Headquartered in Tulsa, Oklahoma, ONE Gas provides reliable and affordable energy to over 2.3 million customers in Kansas, Oklahoma, and Texas [4] Financial Results Announcement - ONE Gas will release its first quarter 2025 financial results after the market closes on May 5, 2025 [1] - The executive management team will participate in a conference call on May 6, 2025, at 11 a.m. Eastern Daylight Time [1][2] - The conference call will be accessible via phone and webcast, with a replay available for 30 days on the ONE Gas website [2]

Company Overview - ONE Gas, Inc. is a 100-percent regulated natural gas utility and trades on the New York Stock Exchange under the symbol "OGS" [2] - The company is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States [2] - Headquartered in Tulsa, Oklahoma, ONE Gas provides reliable and affordable energy to over 2.3 million customers in Kansas, Oklahoma, and Texas [3] Divisions and Market Position - ONE Gas operates through three divisions: Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas by customer count [3] Annual Meeting Details - The 2025 Annual Meeting of Shareholders will be held virtually on May 22, 2025, at 10 a.m. Eastern Daylight Time [1] - The record date for determining shareholders entitled to vote is March 24, 2025 [1] - Shareholders can register to attend the meeting virtually and access the audio webcast through the company's website [2]

Financial Performance - Total revenues for 2024 were $2,083,558, a decrease of 12.1% from $2,371,990 in 2023[229]. - Net income for 2024 was $222,850, down 3.3% from $231,232 in 2023[229]. - Operating income increased to $399,044 in 2024, up 5.4% from $377,590 in 2023[229]. - Earnings per share (EPS) for 2024 were $3.92, a decrease from $4.16 in 2023[229]. - Total assets increased to $8,425,571 in 2024, up from $7,770,994 in 2023, reflecting a growth of 8.4%[233]. - Cash and cash equivalents rose to $57,995 in 2024, compared to $18,835 in 2023, indicating a significant increase[233]. - Total equity grew to $3,104,548 in 2024, an increase of 12.3% from $2,765,877 in 2023[235]. - Cash provided by operating activities decreased significantly to $368.41 million in 2024 from $939.53 million in 2023, reflecting a decline of 60.7%[237]. - Capital expenditures increased to $703.17 million in 2024, up from $666.63 million in 2023, representing a rise of 5.5%[237]. - Common stock dividends per share increased to $2.64 in 2024 from $2.60 in 2023, reflecting a 1.5% increase[238]. Customer Base and Market Position - The company has approximately 2.3 million customers across three states, indicating a broad customer base and reduced concentration of credit risk[213]. - The company served approximately 2.3 million customers across Oklahoma, Kansas, and Texas, maintaining its customer base[242]. - The company had no single external customer contributing 10% or more of gross revenues in 2024, 2023, and 2022, indicating a diversified revenue base[243]. Debt and Financing - ONE Gas maintains a $1.35 billion revolving credit agreement, which supports its financing needs[19]. - The ONE Gas Credit Agreement was increased to $1.35 billion in October 2024, up from $1.275 billion in June 2024[308][309]. - At December 31, 2024, the total debt-to-capital ratio was 51.8%, compliant with the ONE Gas Credit Agreement covenants[311]. - Total long-term debt, net, decreased to $2.414 billion in 2024 from $2.961 billion in 2023, with significant reductions in senior notes due February 2024 and March 2024[315]. - The company issued $300 million of 5.10% senior notes due April 2029 in December 2023, and repaid $300 million of 3.61% senior notes upon maturity[318]. - In August 2024, the company reopened its 5.10% senior notes due 2029, issuing an additional $250 million, bringing the total outstanding to $550 million[319]. Risk Management - ONE Gas utilizes purchased-gas cost adjustment mechanisms to mitigate commodity price risk associated with natural gas fluctuations[211]. - Interest-rate risk is managed through fixed-rate and floating-rate debt, as well as interest-rate swaps to stabilize borrowing costs[212]. - The company emphasizes the importance of effective risk-management policies and compliance with internal controls to mitigate operational risks[210]. - The company is subject to various market risks, including changes in inflation, interest rates, and regulatory requirements[210]. Regulatory and Compliance - Regulatory assets included $379 million of deferred costs and $490 million of regulatory liabilities as of December 31, 2024[225]. - The company recorded no write-offs of regulatory assets resulting from failure to meet capitalization criteria during 2024, 2023, and 2022, indicating effective regulatory asset management[277]. - The company reported a net regulatory liability of $(110,872,000) as of December 31, 2024, compared to $(204,165,000) in 2023[298][299]. - The company adopted new accounting standards for income tax disclosures and segment reporting, effective for annual periods beginning after December 15, 2024, and December 15, 2023, respectively[293][294]. Pension and Employee Benefits - The discount rate for pension plans increased to 5.70% in 2024 from 5.30% in 2023[348]. - The expected long-term return on plan assets for pension plans was 6.70% in 2024, slightly down from 6.75% in 2023[349]. - The pension benefit obligation decreased from $803.6 million in 2023 to $731.1 million in 2024, reflecting a reduction of approximately 9%[356]. - The net periodic benefit cost for pension benefits was a credit of $5.5 million in 2024, compared to a credit of $7.5 million in 2023[360]. - The company expects to contribute $9.8 million to its defined benefit pension plans in 2025, with no contributions planned for other postemployment benefit plans[358]. Environmental and Remediation Costs - The company is subject to various environmental regulations that may lead to increased compliance costs and potential future expenditures[396]. - Kansas Gas Service requested to increase the cap on the AAO from $15.0 million to $32 million on January 3, 2025, to cover additional remediation costs[392]. - The reserve for remediation of MGP sites was $14.3 million as of December 31, 2024, unchanged from 2023[394]. - The company received $1.7 million in insurance proceeds for remediation costs during 2024[392].

Financial Data and Key Metrics Changes - For Q4 2024, GAAP net income was $77 million or $1.34 per diluted share, compared to $71 million and $1.27 in Q4 2023, reflecting a year-over-year increase [13] - Full year GAAP net income was $223 million or $3.91 per diluted share, down from $231 million and $4.14 in 2023 [13] - O&M expenses for the year increased approximately 4%, with a 2.4% year-over-year increase in Q4 [14] - Capital expenditures for Q4 were $190 million, totaling $762 million for the year, compared to $729 million in 2023 [20] Business Line Data and Key Metrics Changes - The company set 23,000 new meters across its service territory in 2024, indicating robust customer growth [10] - The completion of the bare steel service line replacement program in Kansas was highlighted as a significant achievement [10] Market Data and Key Metrics Changes - The company experienced a 24% warmer-than-normal weather in Q4, but the impact on earnings was mitigated by effective weather normalization mechanisms [14] - The authorized rate base at year-end was approximately $5.4 billion, with an estimated average rate base of $5.8 billion for 2025 [21] Company Strategy and Development Direction - The company is focused on modernizing its distribution system and has completed significant projects to enhance safety and reduce emissions [9][10] - There is an ongoing exploration of opportunities to supply natural gas for power generation, particularly for data centers and industrial applications [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet growing demand for natural gas driven by new housing and economic development in Kansas, Oklahoma, and Texas [10] - The company reiterated its 2025 financial guidance, projecting net income of $254 million to $261 million and earnings per diluted share of $4.20 to $4.32 [21] Other Important Information - The company’s credit ratings were affirmed by S&P and Moody's, indicating a stable outlook [19] - The company has increased its dividend to $0.67 per share, reflecting a commitment to returning value to shareholders [21] Q&A Session Summary Question: Regarding data centers and their development timeline - Management noted that the timeframe for opportunities related to data centers varies, with some projects aligning with existing infrastructure [44][48] Question: Impact of weather on working capital and commercial paper balance - Management indicated that warmer weather in Q4 affected storage inventory liquidation, but colder weather in January has aligned storage with plans [52][55] Question: Guidance for the current year and expectations - Management highlighted the historical performance of achieving at least the midpoint of year-ahead guidance since 2014, but did not provide specific guidance for the current year [60][62] Question: Transmission systems and their impact on gas supply opportunities - Management clarified that current opportunities for gas supply are independent of the transmission decisions being made [63][67]

ONE Gas, Inc. (OGS) reported fourth-quarter 2024 operating earnings per share (EPS) of $1.34, which beat the Zacks Consensus Estimate of $1.33 per share by 0.8%. The figure also came in 5.5% higher than the year-ago quarter’s earnings of $1.27 per share.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.OGS reported 2024 earnings of $3.91 per share compared with $4.14 in 2023, highlighting a year-over-year decrease of 5.6%.OGS’ Revenues ONE Gas recorded revenues of $630.7 million, w ...

Group 1 - ONE Gas reported revenue of $630.7 million for the quarter ended December 2024, a year-over-year increase of 4.1% [1] - The EPS for the same period was $1.34, compared to $1.27 a year ago, indicating a positive growth in earnings [1] - The reported revenue fell short of the Zacks Consensus Estimate of $660.94 million, resulting in a surprise of -4.57% [1] Group 2 - The company delivered an EPS surprise of +0.75%, with the consensus EPS estimate being $1.33 [1] - ONE Gas shares returned +1.1% over the past month, while the Zacks S&P 500 composite increased by +2.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Group 3 - Natural gas sales volumes were reported at 57,300 MMcf, below the estimated 58,694.5 MMcf [4] - Total sales volumes delivered were 45,100 MMcf, compared to the estimated 51,719.53 MMcf [4] - The average number of total customers was 2,277, slightly below the estimated 2,281 [4] Group 4 - Revenue from transportation was $37.40 million, compared to the average estimate of $44.73 million [4] - Revenue from natural gas sales was $573.40 million, below the estimated $582.70 million [4]

ONE Gas (OGS) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.75%. A quarter ago, it was expected that this natural gas distribution would post earnings of $0.41 per share when it actually produced earnings of $0.34, delivering a surprise of -17.07%.Over the last four quarters, the ...

TULSA, Okla. - Feb. 19, 2025 - ONE Gas, Inc. (NYSE: OGS) today announced its fourth quarter and full year 2024 financial results, which include diluted earnings per share of $1.34 and $3.91, respectively. "Our strong financial performance is a testament to our prudent fiscal planning, execution of our regulatory strategy and disciplined management of operations and maintenance expenses," said Robert S. McAnnally, president and chief executive officer. "As we embark on a new year, we are prepared to serve a ...