ONE Gas (NYSE:OGS) Earnings Call Presentation

Financial Performance & Outlook - ONE Gas expects net income for 2026 to be in the range of $294 million to $302 million[12] - The company anticipates an EPS range of $4.65 to $4.77 per diluted share, assuming approximately 63.4 million diluted shares outstanding[12] - Long-term net income growth is projected at 7-9% for the 2025-2030 period[21] - Long-term EPS growth is expected to be 5-7%, raised from a previous estimate of 4-6%[21] Capital Investments & Rate Base - 2026 capital investments are estimated at approximately $800 million, with around $230 million allocated to customer growth[12] - The average rate base for 2026 is projected to be approximately $6.3 billion[12] - Capital investments from 2022 to 2026G are: System Integrity ~$2.5 billion, Customer Growth ~$1.2 billion[21] - Average annual rate base growth is expected to be 7-9%[21] Financing Activities - ONE Gas completed a $250 million term loan in August 2025, maturing in September 2026[12] - The company has forward sale agreements covering approximately 2.9 million shares at an average price of ~$78/share, totaling ~$226 million[12, 16] - Net long-term financing needs through 2030 are estimated at ~$1.3 billion, with approximately 30% expected to be equity issuances[14] Market Position - ONE Gas has a 71% market share in Kansas, 89% in Oklahoma, and 13% in Texas[8]