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 ...

ONE Gas (OGS) reported $630.7 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 4.1%. EPS of $1.34 for the same period compares to $1.27 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $660.94 million, representing a surprise of -4.57%. The company delivered an EPS surprise of +0.75%, with the consensus EPS estimate being $1.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

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 ...

Analyst call and webcast scheduled tomorrow, Feb. 20 at 11 a.m. ESTTULSA, Okla., Feb. 19, 2025 /PRNewswire/ -- 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 ch ...

Wall Street expects a year-over-year increase in earnings on higher revenues when ONE Gas (OGS) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 19, 2025, might help the stock move higher if these key numbers are better than expe ...

Schedule for 2025 Earnings News Releases, Conference Calls and Webcasts Also Announced TULSA, Okla., Jan. 23, 2025 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) will release its fourth quarter and full year 2024 financial results after the market closes on Wednesday, Feb. 19, 2025.The ONE Gas executive management team will participate in a conference call the following day, Thursday, Feb. 20, 2025, at 11 a.m. Eastern Standard Time (10 a.m. Central Standard Time).   The call also will be carried live on the ONE ...

ONE Gas (OGS) announced that its board of directors has increased dividends by 1%. The new quarterly dividend will be 67 cents per share compared with the previous quarter’s 66 cents. The new dividend will be payable on March 7, 2025, to stockholders of record as of Feb. 21, 2025.The company expects an average annual dividend increase of 1-2% through 2029, with a target dividend payout ratio of nearly 55-65% of net income, subject to approval by the board of directors. The increased dividend rate resulted i ...

TULSA, Okla., Jan. 21, 2025 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today increased the dividend for the first quarter 2025 by 1 cent per share to 67 cents per share, resulting in an annualized dividend of $2.68 per share.The dividend is payable March 7, 2025, to shareholders of record at the close of business Feb. 21, 2025.The Company expects an average annual dividend increase of 1% to 2% through 2029, with a target dividend payout ratio of approximately 55% to 65% of net incom ...