ONE Gas Announces Fourth Quarter and Full Year 2025 Financial Results; Releases Non-GAAP Adjusted Financial Guidance

Core Insights - ONE Gas, Inc. reported strong financial results for the fourth quarter and full year 2025, with diluted earnings per share of $1.42 and $4.37 respectively, and adjusted net income of $1.48 per diluted share for Q4 and $4.48 for the full year [1][2][4] - The company anticipates 2026 adjusted net income to range from $306 million to $314 million, translating to earnings per diluted share of $4.83 to $4.95, with long-term growth expectations of 7 to 9 percent [2][5] Financial Results & Highlights - For Q4 2025, adjusted net income was $89.7 million, up from $77.5 million in Q4 2024, while full year adjusted net income increased to $271 million from $224.8 million in 2024 [1][4] - Operating income for the full year 2025 was $457.5 million, compared to $399 million in 2024, driven by increased residential sales and new rates [1][4] - Capital expenditures for 2025 were $759.5 million, slightly down from $762.1 million in 2024 [1][4] Regulatory Activities Update - In June 2025, Texas Gas Service filed a rate case resulting in a $14.4 million revenue increase, with new rates effective January 27, 2026 [1][2] 2026 Financial Guidance - ONE Gas expects capital investments of approximately $800 million in 2026, focusing on system integrity and customer extensions [2][5] - The company projects adjusted net income growth of 7 to 9 percent and adjusted net income per diluted share growth of 5 to 7 percent, consistent with its five-year financial outlook [2][5] Earnings Conference Call - An earnings conference call is scheduled for February 19, 2026, at 11 a.m. EST, to discuss the financial results and future outlook [2][5]