"As one of the country's largest natural gas distribution companies serving 2.3 million customers, ONE Gas has an essential role in a sustainable energy future," said Robert S. McAnnally, president and chief executive officer of ONE Gas. "Our Sustainability Report highlights our commitment to safety, serving the growing demand for natural gas in our service territory, investing in our systems and our people, and operating in an environmentally responsible way." Key highlights and milestones during 2023 incl ...

It has been about a month since the last earnings report for ONE Gas (OGS) . Shares have lost about 2.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is ONE Gas due for a breakout? 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 catalysts. ONE Gas Q1 Earnings Miss Estimates, Revenues Down Y/ ...

Core Viewpoint - ONE Gas, Inc. (OGS) is expected to enhance its performance through strategic capital expenditures focused on pipeline integrity and service expansion, benefiting from its 100% regulated operations and a high percentage of residential customers [1][3]. Group 1: Capital Expenditures - ONE Gas anticipates capital expenditures, including asset removal costs, to reach nearly $750 million in 2024, with a total of $4.25 billion planned through 2028, of which nearly $3 billion will be allocated to system integrity and replacement projects [2]. Group 2: Customer Base and Growth - The company has a strong customer base, with over 93% being residential customers, providing stability and visibility for future earnings. It has consistently increased its customer base since 2015 and expects an average annual growth of 0.9% from 2024 to 2028, having added approximately 5,200 new customer connections in Q1 2024 [3][4]. Group 3: Seasonal and Competitive Challenges - The natural gas sales to residential and commercial customers are subject to seasonality, with demand potentially impacted by warmer-than-expected winters. Additionally, the company faces strong competition in the natural gas industry, requiring it to maintain customer loyalty and service reliability [5]. Group 4: Price Performance - Over the past three months, ONE Gas shares have increased by 2%, while the industry has seen a growth of 6% [6].

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 March 31, 2024. 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 juri ...

ONE Gas, Inc. (OGS) reported first-quarter 2024 operating earnings per share (EPS) of $1.75, which lagged the Zacks Consensus Estimate of $1.78 by 1.7%. The bottom line was also 4.9% lower than the year-ago quarter’s figure of $1.84.The year-over-year decline in EPS was due to an increase in employee related expenses and lower sales volume owing to warmer-than-normal weather. These were marginally offset by higher revenues on the back of implementation of new rates.Total RevenuesONE Gas recorded revenues of ...

ONE Gas (OGS) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.69%. A quarter ago, it was expected that this natural gas distribution would post earnings of $1.27 per share when it actually produced earnings of $1.27, delivering no surprise.Over the last four quarters, the company h ...

Exhibit 99.1 May 6, 2024 Analyst Contact: Erin Dailey 918-947-7411 Media Contact: Leah Harper 918-947-7123 ONE Gas Announces First Quarter 2024 Financial Results; Affirms 2024 Financial Guidance Declares Second Quarter Dividend FIRST QUARTER 2024 FINANCIAL RESULTS & HIGHLIGHTS -more- • First quarter 2024 net income was $99.3 million, or $1.75 per diluted share, compared with $102.6 million, or $1.84 per diluted share, in the first quarter 2023; • While weather across the Company's service areas was 9 percen ...

Declares Second Quarter Dividend TULSA, Okla., May 6, 2024 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced its first quarter financial results, affirmed its 2024 financial guidance and declared its quarterly dividend. "Efficient capital execution and our focus on safe operations position us well to serve a growing customer base," said Robert S. McAnnally, president and chief executive officer. "Based on our first quarter results, we remain on track to achieve the midpoint of our 2024 financial gui ...

Wall Street expects a year-over-year decline in earnings on lower revenues when ONE Gas (OGS) reports results for the quarter ended March 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. 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 jurisdict ...