Welcome to our dedicated page for ONE GAS news (Ticker: OGS), a resource for investors and traders seeking the latest updates and insights on ONE GAS stock.
ONE Gas, Inc. (NYSE: OGS) is a publicly traded, fully regulated natural gas utility company that operates in the states of Oklahoma, Kansas, and Texas. Headquartered in Tulsa, Oklahoma, the company provides natural gas distribution services to more than 2.3 million residential, commercial, industrial, and transportation customers. This makes ONE Gas one of the largest natural gas utilities in the United States.
Core Operations: ONE Gas primarily focuses on the distribution and sale of natural gas through an extensive network of pipelines and service lines. The company operates under three main divisions: Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas in terms of customers.
Financial Highlights: For the third quarter of 2023, ONE Gas reported operating income of $57.2 million, an increase from $47.1 million in the third quarter of 2022. The net income increase was primarily driven by higher sales volumes and improved operational efficiency. The company also narrowed its 2023 earnings guidance, expecting net income between $227 million to $236 million.
Recent Achievements: In September 2023, ONE Gas successfully priced its public offering of 1,200,000 shares, with an option for the underwriter to purchase an additional 180,000 shares. This offering is expected to generate gross proceeds of approximately $88.8 million. The company entered into a forward sale agreement with Bank of America, N.A., as the forward purchaser.
Projects and Investments: ONE Gas continues to invest in infrastructure to ensure system integrity and expand its service areas. In 2023, capital expenditures and asset removal costs amounted to $728.7 million. The company is also involved in regulatory activities, such as the renewable natural gas (RNG) Pilot Program in Oklahoma, which was approved in November 2023, and various rate filings across its service areas.
Partnerships and Market Position: ONE Gas holds significant market shares in Oklahoma and Kansas, making it a key player in the regional energy market. The company is also included in the S&P MidCap 400 Index, reflecting its stable financial performance and market presence.
Future Outlook: Looking ahead to 2024, ONE Gas expects net income to be in the range of $214 million to $231 million. The company plans to continue its focus on system reinforcements and expanding its capabilities to meet growing customer demand, with capital investments projected at approximately $750 million.
For more detailed and updated information, please visit their official website and follow their social media channels: @ONEGas on Facebook, LinkedIn, and YouTube.
ONE Gas, Inc. (NYSE: OGS) will announce its first quarter 2022 earnings on May 2, 2022, post-market close. An earnings conference call is scheduled for May 3, 2022, at 11 a.m. EDT (10 a.m. CDT). Investors can access the call via phone or through the ONE Gas website. The company serves over 2.2 million customers across Kansas, Oklahoma, and Texas, making it one of the largest natural gas utilities in the U.S. ONE Gas is a regulated utility and is included in the S&P MidCap 400 Index.
ONE Gas, Inc. (NYSE: OGS) will participate in the Sidoti Spring Small Cap Conference on March 23, 2022. The virtual event will feature key executives, including Robert S. McAnnally, Caron Lawhorn, and Curtis Dinan, engaging with the investment community. Attendees can access conference materials on the ONE Gas website. As a regulated natural gas utility, ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas and is a part of the S&P MidCap 400 Index.
ONE Gas, Inc. (NYSE: OGS) is set to hold its 2022 Annual Meeting of Shareholders virtually on May 26, 2022, at 9 a.m. CDT. Shareholders can register now to attend the meeting and participate in the audio webcast on the company's website. The record date for voting eligibility is March 28, 2022. As a major regulated natural gas utility, ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas, being a significant player in the S&P MidCap 400 Index.
ONE Gas, Inc. (NYSE: OGS) reported solid financial results for Q4 and FY 2021, with diluted earnings per share of $1.12 and $3.85, respectively. Q4 net income rose to $60.5 million, reflecting a $9.5 million increase from new rates and a decrease in bad debt expenses. Full-year capital expenditures increased to $544.3 million, up from $512.2 million in 2020. The company announced a 4-cent increase in its dividend to 62 cents per share, payable on March 11, 2022. For 2022, net income is anticipated between $215 million and $227 million.
ONE Gas, Inc. (NYSE: OGS) will participate in the BofA Securities Power, Utilities and Clean Energy Leaders Conference on March 2, 2022, in Boston, Massachusetts. Key executives including Robert S. McAnnally, Caron Lawhorn, and Curtis Dinan will meet with investors during this event. Presentation materials will be available on the ONE Gas website starting February 28, 2022, at 8 a.m. EST. ONE Gas is a regulated natural gas utility serving over 2.2 million customers across Kansas, Oklahoma, and Texas.
ONE Gas, Inc. (NYSE: OGS) will participate in the Morgan Stanley Energy and Power Conference on February 28, 2022, in New York City. Executives including CEO Robert S. McAnnally and CFO Caron Lawhorn will engage with investors during this event. The conference materials will be available on the ONE Gas website starting at 8 a.m. EST. Headquartered in Tulsa, Oklahoma, ONE Gas serves over 2.2 million customers across Kansas, Oklahoma, and Texas, making it one of the largest natural gas utilities in the U.S.
ONE Gas, Inc. (NYSE: OGS) is set to release its fourth quarter and full year 2021 financial results on February 23, 2022, after market close. The conference call for discussing these results will take place on February 24, 2022, at 11 a.m. EST. Investors can access the live call on the ONE Gas website or via telephone. The company, headquartered in Tulsa, Oklahoma, serves over 2.2 million customers across Kansas, Oklahoma, and Texas, making it one of the largest natural gas utilities in the U.S.
ONE Gas, Inc. (NYSE: OGS) has increased its quarterly dividend by 4 cents to 62 cents per share, resulting in an annualized dividend of $2.48. The dividend is payable on March 11, 2022, to shareholders recorded by the close of business on February 25, 2022. The company anticipates an average annual dividend growth of 6% to 8% through 2026, with a dividend payout ratio target of 55% to 65% of net income, subject to board approval. ONE Gas serves over 2.2 million customers in Kansas, Oklahoma, and Texas.
ONE Gas, Inc. (NYSE: OGS) will participate in the Wells Fargo Midstream, Utility & Renewables Symposium on Dec. 8, 2021. Key executives, including president Robert S. McAnnally and CFO Caron Lawhorn, will hold virtual meetings with investors. The event underscores ONE Gas's role as a major regulated natural gas utility in the U.S., serving over 2.2 million customers across Kansas, Oklahoma, and Texas. The company's divisions include Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service. For more details, visit onegas.com.
FAQ
What is the current stock price of ONE GAS (OGS)?
What is the market cap of ONE GAS (OGS)?
What does ONE Gas, Inc. do?
Where is ONE Gas, Inc. headquartered?
What are the main divisions of ONE Gas?
How does ONE Gas generate its revenue?
What recent financial achievements has ONE Gas reported?
What recent projects is ONE Gas involved in?
What is the market position of ONE Gas?
What are the future financial expectations for ONE Gas?
How can I get the latest updates about ONE Gas?
How is ONE Gas contributing to regulatory activities?
