Exhibit 99.1


February 17, 2016
 
Analyst Contact:
Andrew Ziola
918-947-7163
 
 
Media Contact:
Jennifer Rector
918-947-7571

ONE Gas Announces Fourth-quarter
and Full-year 2015 Financial Results


TULSA, Okla. - Feb. 17, 2016 - ONE Gas, Inc. (NYSE: OGS) today announced financial results for its fourth quarter and full year 2015. The company announced previously on Jan. 19, 2016, that it expected 2015 net income to be in the range of $118 million to $120 million.

Highlights include:

Fourth-quarter 2015 net income was $39.2 million, or $0.74 per diluted share, compared with $36.6 million, or $0.69 per diluted share, in the fourth quarter 2014;
Full-year 2015 net income was $119.0 million, or $2.24 per diluted share, compared with $109.8 million, or $2.07 per diluted share, in 2014;
Full-year 2015 capital expenditures were $294.3 million, compared with $297.1 million in 2014.

“We are pleased with our first full-year financial results, which were driven by lower operating expenses and continued investments in our system," said Pierce H. Norton II, president and chief executive officer. "We will continue to execute on our strategic plan of investing in the safety and reliability of our system and delivering excellent customer service in order to create value for our stakeholders."

FOURTH-QUARTER 2015 FINANCIAL PERFORMANCE

ONE Gas reported operating income of $73.9 million in the fourth quarter 2015, compared with $70.0 million in the fourth quarter 2014.

Net margin increased by $7.2 million compared with fourth quarter 2014, which primarily reflects:

A $9.5 million increase from new rates primarily in Oklahoma and Texas;
A $0.8 million increase due to higher sales volumes, net of weather normalization;
A $1.2 million decrease due primarily to lower transportation volumes from weather-sensitive customers in Kansas;



-more-

The following information was filed by One Gas, Inc. (OGS) on Wednesday, February 17, 2016 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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