ONE Gas (OGS) Q1 Earnings Miss Estimates, Revenues Down Y/Y

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 ...