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ONE Gas (OGS)
NYSE:OGS
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.85Last Year’s EPS
1.75Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 1.92%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong performance in terms of exceeding EPS guidance, robust customer growth, and significant capital investments and system improvements. However, challenges such as a decline in net income, increased interest expenses, and weather-related operational impacts were also noted. Overall, the positives and strategic growth initiatives were significant, though tempered by financial and operational challenges.Company Guidance
During the ONE Gas Fourth Quarter and Year-End 2024 Earnings Conference Call, the company provided financial guidance and metrics for 2025, projecting net income between $254 million and $261 million and earnings per diluted share ranging from $4.20 to $4.32. The capital expenditures and asset removal costs are anticipated to be approximately $750 million. For 2024, ONE Gas reported a GAAP net income of $223 million, or $3.91 per diluted share, surpassing the revised EPS guidance midpoint of $3.90. The company's authorized rate base as of year-end was approximately $5.4 billion, with an estimated average rate base for 2025 of about $5.8 billion. ONE Gas also highlighted its strong balance sheet, with S&P and Moody’s affirming their respective A minus and A3 credit ratings and stable outlooks. The company noted robust customer growth, setting 23,000 new meters in 2024, and is exploring opportunities to supply natural gas for power generation in various sectors.Exceeded EPS Guidance
ONE Gas exceeded the midpoint of its elevated EPS guidance for 2024, achieving full-year earnings per diluted share of $3.91, marking the 11th consecutive year of meeting or exceeding the midpoint of year-ahead EPS guidance.
Robust Customer Growth
In 2024, ONE Gas set 23,000 new meters across its service territory, with growth occurring in every major metro area in Kansas, Oklahoma, and Texas.
Capital Investment and System Improvements
Completed over $750 million worth of capital investment projects in 2024, including a 50% reduction in leak-related emissions since 2005 and the completion of a major bare steel service line replacement program in Kansas.
Strong Financial Position
Maintained a strong balance sheet with S&P and Moody's affirming their credit ratings at A minus and A3, respectively, with stable outlooks.
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OGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $71.75 | $71.62 | -0.18% |
| Nov 04, 2024 | $68.72 | $69.27 | +0.80% |
| Aug 05, 2024 | $64.77 | $64.31 | -0.71% |
| May 06, 2024 | $62.66 | $62.41 | -0.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ONE Gas (OGS) report earnings?
ONE Gas (OGS) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is ONE Gas (OGS) earnings time?
ONE Gas (OGS) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OGS EPS forecast?
OGS EPS forecast for the fiscal quarter 2025 (Q1) is 1.85.
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