ONE Gas Reports Strong Q1 2025 Financial Results

ONE Gas Inc ( (OGS) ) has released its Q1 earnings. Here is a breakdown of the information ONE Gas Inc presented to its investors.

ONE Gas, Inc. is a fully regulated natural gas utility company, trading on the New York Stock Exchange under the symbol ‘OGS’, and is one of the largest natural gas utilities in the United States, serving over 2.3 million customers across Kansas, Oklahoma, and Texas.

In its first quarter of 2025 financial results, ONE Gas reported a significant increase in net income to $119.4 million, or $1.98 per diluted share, up from $99.3 million, or $1.75 per diluted share, in the same period last year. The company attributes its strong performance to effective regulatory strategies and disciplined expense management, despite colder-than-normal weather conditions.

Key financial highlights include a rise in operating income to $180.5 million, driven by new rates and customer growth in Oklahoma and Texas. However, this was partially offset by increased expenses in depreciation, taxes, and employee-related costs. The company also declared a quarterly dividend of $0.67 per share, maintaining its commitment to shareholder returns.

Looking ahead, ONE Gas expects to achieve the upper half of its 2025 financial guidance, with anticipated net income ranging from $254 million to $261 million. The company plans to invest approximately $750 million in capital projects focused on system integrity and expansion, underscoring its commitment to growth and infrastructure development.