ONE Gas(US:OGS)2022-03-07 16:45Business Strategy & Growth - The company has a sustainable business model with a clear vision and a 100% regulated natural gas distribution utility[9] - The company is focused on organic growth, projecting an average annual customer growth of 1.2% through 2026[10] - The company's capital investments are expected to be approximately $3.5 billion from 2022 through 2026, a 19% increase over the previous five-year plan[60] Financial Performance & Objectives - The company anticipates a net income range of $215 million to $227 million in 2022[62] - The company projects earnings per diluted share (EPS) range of $3.96 to $4.20 in 2022[62] - The company estimates an average rate base of $4.64 billion in 2022, including $650 million in capital investments[62] - The company targets a dividend increase of 6-8%, subject to board approval[60] Regulatory & Capital Investments - Approximately 92% of the company's 2022 estimated capital expenditures are subject to annual filings for recovery[11, 42] - The company is undertaking a vintage pipeline replacement program, replacing an average of 231 miles of vintage pipe per year since 2014[10, 27] ESG Initiatives - The company is committed to ESG stewardship and sustainability, including improved disclosures and data quality[12] - The company expects a 55% reduction in CO2e emissions by 2035 through replacement and protection of distribution mains and service lines (2005 baseline)[76]