Exhibit 99.1


Feb. 18, 2015
 
Analyst Contact:
Andrew Ziola
918-947-7163
 
 
Media Contact:
Jennifer Rector
918-947-7571

ONE Gas Announces Fourth-quarter
and Full-year 2014 Financial Results

Affirms 2015 Financial Guidance

TULSA, Okla. - Feb. 18, 2015 - ONE Gas, Inc. (NYSE: OGS) today announced financial results for its fourth quarter and full year 2014 and affirmed its 2015 financial guidance.

Highlights include:

Fourth-quarter 2014 net income was $36.6 million, or $0.69 per diluted share, compared with $30.3 million, or $0.58 per diluted share, in the fourth quarter 2013;
Full-year 2014 net income was $109.8 million, or $2.07 per diluted share, compared with $99.2 million, or $1.90 per diluted share, in 2013;
Increasing its quarterly dividend 7 percent to 30 cents per share, or $1.20 per share on an annualized basis, payable on Mar. 2, 2015, to shareholders of record at the close of business on Feb. 20, 2015; and
Full-year 2014 capital expenditures were $297.1 million, compared with $292.1 million in 2013.

“We are pleased with our first full-year financial results following our successful transition into an independent company. Investments in our system led to new rates primarily in Oklahoma and Texas, generating strong results for 2014,” said Pierce H. Norton II, ONE Gas president and chief executive officer.

“As we begin our second year as a stand-alone company, we are confident in our business strategy which is focused on investing in our system and serving our customers,” said Norton. “I’m very proud of and want to acknowledge our 3,300 employees, who are committed every day to providing safe and reliable service to more than 2 million customers across our three states. They have worked diligently throughout the year to make us successful while maintaining the high service standards our customers expect from us.”


-more-

The following information was filed by One Gas, Inc. (OGS) on Wednesday, February 18, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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