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, 2024. OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------- ...

Financial Data and Key Metrics Changes - The company raised its earnings per share (EPS) guidance for 2024 to a range of $3.85 to $3.95, which is $0.05 higher at the midpoint than the original guidance [5] - Net income for the third quarter was $19.3 million or $0.34 per diluted share, compared to $25.2 million or $0.45 in the same period last year [12] - Operations and maintenance (O&M) expenses were up 5% year-to-date compared to 2023, consistent with long-term guidance but slightly favorable to the 2024 plan [9][12] Business Line Data and Key Metrics Changes - The company experienced a $17.5 million increase in revenue from new rates, partially offset by an $11.5 million increase in interest expense [12] - The Kansas rate case settlement resulted in a net increase of $35 million, with new rates effective from November 1 [16] - The Central Gulf rate case in Texas is pending final commission approval, which includes a $19.3 million rate increase [17] Market Data and Key Metrics Changes - The company noted a firming in customer activity towards the end of 2024, although higher mortgage rates have slowed down homebuyer movement [25][26] - There has been a pickup in housing permits, indicating a potential recovery in the market [26] Company Strategy and Development Direction - The company plans to continue executing its financial plan in line with the updated guidance and aims to finish 2024 within the planned capital budget of $750 million [18][15] - The focus remains on operational execution and regulatory outcomes to support growth and maintain a strong balance sheet [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a strong finish to the year and the opportunities that await in 2025 [19] - The company is not assuming any further rate cuts for 2024 in its guidance, despite recent Fed actions [32] Other Important Information - The Board of Directors declared a dividend of $0.66 per share, unchanged from the prior quarter [15] - The company has satisfied its 2024 equity needs through forward settlement agreements covering approximately 3.6 million shares [13] Q&A Session Summary Question: Timing of 2025 guidance - Management confirmed that guidance for 2025 will be issued in December, following a cadence established to allow for open discussion before the December Utility Week meetings [20] Question: O&M expense trajectory - Management indicated that a declining trajectory in O&M expenses is expected moving forward, with successful cost management efforts yielding favorable results [21] Question: Rate base cadence and filings - Management stated that a full rate case filing in Oklahoma is required by June 30, 2027, and that Kansas will continue with annual GSRS filings [22][23] Question: Customer growth trends - Management noted a slight firming in customer activity but acknowledged the impact of higher mortgage rates on homebuyer movement [25][26] Question: Interest expense and long-term debt - Management discussed plans to reduce commercial paper balances through upcoming financing settlements and emphasized the importance of matching long-term financing needs [27][28] Question: Bad debt expense normalization - Management indicated that bad debt expenses have normalized and are back to regular functioning, with no significant changes expected [29]

ONE Gas, Inc. (OGS) reported third-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 41 cents by 17.1%. The figure also came in 24.4% lower than the year-ago quarter’s earnings of 45 cents per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.OGS’ Revenues ONE Gas recorded revenues of $340.4 million, which missed the Zacks Consensus Estimate of $363 million by 6.3%. However, the top line increased 1.4% from $335.8 million i ...

ONE Gas (OGS) reported $340.4 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.4%. EPS of $0.34 for the same period compares to $0.45 a year ago.The reported revenue represents a surprise of -6.32% over the Zacks Consensus Estimate of $363.35 million. With the consensus EPS estimate being $0.41, the EPS surprise was -17.07%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

ONE Gas (OGS) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -17.07%. A quarter ago, it was expected that this natural gas distribution would post earnings of $0.49 per share when it actually produced earnings of $0.48, delivering a surprise of -2.04%.Over the last four quarters, the ...

Exhibit 99.1 November 4, 2024 Analyst Contact: Erin Dailey 918-947-7411 Media Contact: Leah Harper 918-947-7123 ONE Gas Announces Third Quarter 2024 Financial Results; Increases 2024 Financial Guidance Declares Fourth Quarter Dividend TULSA, Okla. - Nov. 4, 2024 - ONE Gas, Inc. (NYSE: OGS) today announced its third quarter financial results, increased the midpoint of its 2024 EPS guidance and declared its quarterly dividend. "Through company-wide effort and focused execution, we have raised and narrowed our ...

ONE Gas (OGS) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 4. ...

It has been about a month since the last earnings report for ONE Gas (OGS) . Shares have added about 5.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is ONE Gas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. ONE Gas Q2 Earnings Miss Estimates, Revenues Down Y/Y ...

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, 2024. OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. | --- | --- | |----------------------------------------------------------------------------|--------------------------------------------------- ...

ONE Gas, Inc. (NYSE:OGS) Q2 2024 Results Conference Call August 6, 2024 11:00 AM ET Company Participants Erin Dailey - Investor Relations Sid McAnnally - President & Chief Executive Officer Chris Sighinolfi - Senior Vice President & Chief Financial Officer Curtis Dinan - Senior Vice President & Chief Operating Officer Conference Call Participants Julian Smith - Jefferies Paul Fremont - Ladenburg David Arcaro - Morgan Stanley Operator Good day, and welcome to the ONE Gas 2024 Second Quarter Earnings Conferen ...