ONE Gas(US:OGS) ZACKS·2025-08-06 14:56Core Insights - ONE Gas, Inc. (OGS) reported second-quarter 2025 operating earnings per share (EPS) of 53 cents, matching the Zacks Consensus Estimate and reflecting a 10.4% increase from the previous year's earnings of 48 cents [1][10] - OGS recorded revenues of $423.7 million, exceeding the Zacks Consensus Estimate of $404 million by 4.9%, and representing a 19.7% increase from $354.1 million in the prior-year quarter [2][10] OGS' Revenues - Total natural gas volumes delivered were 67.6 billion cubic feet, a decrease of 0.9% year-over-year [3] - OGS served 2,302,000 customers, marking a 0.8% increase year-over-year [3] - Total operating expenses rose to $233.9 million, up 9.9% year-over-year, attributed to higher operations and maintenance expenses, depreciation and amortization, and general taxes [3] - Operating income increased by 3.7% year-over-year to $71.9 million [3] Financial Highlights - OGS incurred net interest expenses of $35.3 million, down 4.6% year-over-year [4] - As of June 30, 2025, OGS had cash and cash equivalents of $20.5 million, a decrease from $58 million as of December 31, 2024 [5] - Total long-term debt was $2.37 billion as of June 30, 2025, compared to $2.39 billion at the end of 2024 [5] - Cash provided by operating activities in the first half of 2025 was $448.8 million, up from $250.9 million in the same period last year [5] - Capital expenditures for the first six months of 2025 were $347.1 million, slightly higher than $342.4 million in the prior-year period [6] OGS' 2025 Guidance - OGS raised its 2025 financial guidance, now expecting net income in the range of $261-$267 million, up from the previous range of $254-$261 million [7] - Earnings per diluted share are now projected to be between $4.32 and $4.42, compared to the earlier range of $4.20 to $4.32 [7] - The Zacks Consensus Estimate for earnings is currently at $4.29, which is below the company's new guidance [7] - OGS continues to anticipate capital investments, including asset removal costs, of nearly $750 million [8] OGS' Zacks Rank - ONE Gas currently holds a Zacks Rank 2 (Buy) [9]