OGS
ONE Gas, Inc.77.54
-0.11-0.14%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms, adds project color
Q&A largely reaffirmed prepared remarks on 2025 adjusted EPS of $4.48 and 2026 guidance of $4.83-$4.95, with no walk-backs. Management explained non-GAAP adjustment timing awaited final Texas RRC rules, confirming no material capital structure impact. On growth projects like Western Farmers, they stressed geographic assets and regulatory transparency as edges over midstream competitors. Proposed Kansas GSRS bill cleared House, expanding qualifying capital and raising the cap to $1.35 from $0.80 per customer, but remains early. Little new surfaced in Q&A. Long-term growth stays at midpoint; investors will eye Kansas legislation and project wins.
Key Stats
Market Cap
4.65BP/E (TTM)
18.07Basic EPS (TTM)
4.29Dividend Yield
0.03%Recent Filings
8-K
ONE Gas hits investor conferences
ONE Gas announced participation in three investor conferences starting February 25, 2026: UBS Midwest Utilities in Chicago, followed by Morgan Stanley Energy and Power and Jefferies Power, Utilities and Clean Energy in New York. COO Curtis Dinan and CFO Christopher Sighinolfi will meet investors at all events. Materials hit the website soon. Routine investor outreach—no new disclosures.
8-K
Launches $225M at-the-market offering
ONE Gas entered an equity distribution agreement on February 23, 2026, to sell up to $225 million in common stock via managers like BofA Securities at market prices, with 2% commissions. Forward sale options let the company defer proceeds until physical settlement, while cash or net share settlement risks owing cash or shares. No immediate proceeds from borrowed share sales. Affiliates may benefit via debt repayment.
8-K
Virtual 2026 shareholder meeting set
10-K
FY2025 results
ONE Gas delivered FY2025 net income of $264.2M ($4.37 diluted EPS), up 19% y/y, powered by $116M from new rates across Oklahoma, Kansas, and Texas while residential sales grew via customer additions. Operating income climbed 15% to $457.4M on stronger topline yet higher depreciation and employee costs; Q4 regulatory wins like Texas' $14.5M hike and GRIP filings fueled momentum. Steady capex near $760M supported infrastructure, with $578.8M operating cash flow funding $205M equity settlements and $2.68/share dividend. Debt stayed manageable at 40.9% long-term ratio amid $1.5B revolver capacity. Pipeline safety rules pose rising compliance risks.
8-K
ONE Gas beats earnings
ONE Gas reported Q4 2025 net income of $86.3M ($1.42/share), up from $77.0M ($1.34/share) last year, driven by $23.8M from new rates despite warmer weather. Full-year net income hit $264.2M ($4.37/share) versus $222.9M ($3.91/share), with capex at $759.5M. Adjusted 2026 earnings guidance: $306M-$314M ($4.83-$4.95/share). Rates fuel growth.
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