Natural gas distribution companies offer services to transport natural gas from the region of production to millions of consumers across the United States. The utilities under the Zacks Utility Gas Distribution industry control miles of underground pipeline network to provide natural gas services to customers. The rising demand for clean-burning natural gas will create more opportunities for natural gas distribution companies.Atmos Energy Corporation (ATO) , with its widespread transmission and distribution ...

2026 Financial Guidance December 2025 About Us ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility and is one of the largest natural gas utilities in the United States. ONE Gas provides natural gas distribution services to approximately 2.3 million customers in Kansas, Oklahoma and Texas. Its largest natural gas distribution markets by customer count are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. We deliver natural gas for ...

Core Insights - Northwest Natural Holding Company (NYSE:NWN) is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] Group 1: Company Overview - Northwest Natural Holding Company operates natural gas distribution utilities in the Pacific Northwest and Texas, along with water and wastewater utilities across six states [2] - The company has a strong commitment to shareholders, having approved a dividend increase for the fourth quarter, marking the 70th consecutive year of annual dividend increases [4] Group 2: Financial Performance - In the third quarter, Northwest Natural reported an adjusted loss per share of $0.73, which beat estimates by $0.1, while revenue was $164.7 million, missing expectations by over $10 million despite a 20% year-over-year increase [3] - The growth in revenue is attributed to a combined utility customer growth rate of 10.9% for the 12 months ending September 30, primarily due to gas utility acquisitions in Texas [3] - The company expects its FY 2025 results to be above the midpoint of its adjusted earnings range of $2.75 to $2.95 per share [3] Group 3: Analyst Ratings - On November 12, Stifel analyst Selman Akyol raised the stock's price target from $50 to $52 while maintaining a 'Buy' rating after updating estimates post-quarter [2]

Core Viewpoint - The National Energy Regulatory Council (NERC) has set the total allowed income cap for AB "Energijos skirstymo operatorius" (ESO) at EUR 433.0 million for 2026, reflecting a 14.4% increase from EUR 378.7 million in 2025, driven by higher investments and lower regulatory differences [5]. Income Cap Summary - The total income cap for ESO's electricity and natural gas distribution services is established at EUR 433.0 million for 2026, which is 14.4% higher than the 2025 cap [5]. - The income cap for electricity distribution services is set at EUR 376.9 million for 2026, a 17.2% increase from EUR 321.6 million in 2025 [3]. - The income cap for natural gas distribution services is set at EUR 56.1 million for 2026, showing a slight decrease of 1.6% from EUR 57.1 million in 2025 [3]. Regulatory Components Summary - The Regulatory Asset Base (RAB) for ESO is projected to be EUR 1,906.5 million in 2026, up 6.2% from EUR 1,794.9 million in 2025 [3]. - The Weighted Average Cost of Capital (WACC) for electricity distribution is slightly reduced to 5.77% in 2026 from 5.82% in 2025, while the WACC for natural gas distribution remains unchanged at 5.6% [3]. - Depreciation and amortization (D&A) for regulatory purposes is expected to increase to EUR 109.5 million for 2026, a 10.0% rise from EUR 99.6 million in 2025 [3]. Factors Influencing Changes - The increase in the income cap is attributed to higher investments in the network as per the 10-year Investment Plan, leading to an increased additional tariff component, return on investment, and depreciation and amortization [6]. - There is a noted decrease in temporary regulatory differences due to a higher return in 2025 [6].

Core Points - MDU Resources Group, Inc. will host its third quarter 2025 earnings conference call on November 6, 2025, at 2 p.m. ET, with results released before U.S. markets open that day [1] - The webcast will be accessible on the company's website under the "Investors" section, with a replay available after the event [2] - MDU Resources serves over 1.2 million customers in the Pacific Northwest and Midwest, focusing on safe, reliable, and environmentally responsible utility services [3] - The company operates a natural gas pipeline network exceeding 3,800 miles, ensuring energy delivery across the Northern Plains [3] - MDU Resources has a legacy of over a century in the energy sector, emphasizing its commitment to energizing lives for a better tomorrow [3]

Group 1 - MDU Resources Group, Inc. will host a webcast for its second quarter 2025 earnings conference call on August 7 at 2 p.m. ET, with results released before U.S. markets open that day [1] - The webcast can be accessed through the company's website under the "Investors" section, and a replay will be available after the event [1] Group 2 - MDU Resources Group Inc. is a member of the S&P SmallCap 600 index, providing electric utility and natural gas distribution services to over 1.2 million customers in the Pacific Northwest and Midwest [2] - The company operates a natural gas pipeline network exceeding 3,800 miles, ensuring reliable energy delivery across the Northern Plains [2] - MDU Resources has a legacy of over a century and focuses on delivering safe, reliable, affordable, and environmentally responsible energy solutions [2]

Financial Performance and Outlook - ONE Gas expects net income for 2025 to be in the range of $254 million to $261 million, aiming for the upper half of this range[23] - The company anticipates EPS (Earnings Per Share) for 2025 to be between $420 and $432, also expecting to achieve the upper half of the range[10, 23] - ONE Gas projects EPS growth of 4-6% for the period of 2025-2029[10] - Capital investments for 2025 are estimated at $750 million, with approximately $180 million allocated to customer growth[10, 23] - The average rate base for 2025 is projected to be $58 billion[23, 28] - Long-term net income growth is expected to be 7-9% for the 2024-2029 period[28] Capital Investments and Financing - Capital investments of approximately $4 billion are planned, including $28 billion for system integrity and replacement projects and $1 billion for growth capital[28] - The company anticipates a short- and long-term financing need of $270-$300 million for 2025[24] - ONE Gas has already executed forward sale agreements covering approximately 29 million shares at an average price of $7822 per share, totaling approximately $227 million[25] Regulatory and Operational Highlights - ONE Gas serves approximately 23 million customers across Kansas, Oklahoma, and Texas[5] - The company has a 71% market share in Kansas, 89% in Oklahoma, and 13% in Texas[8] - ONE Gas aims to achieve a 55% reduction in Scope 1 emissions by 2035, measured from a 2005 baseline[82]