Exhibit 99.1

February 22, 2017
Analyst Contact:
Andrew Ziola
Media Contact:
Jennifer Rector

ONE Gas Announces Fourth-quarter
and Full-year 2016 Financial Results

Continued Infrastructure Investments Result in
Solid Fourth-quarter and Full-year 2016

Analysts’ call and webcast scheduled tomorrow, Feb. 23, at 11 a.m. EST

TULSA, Okla. - Feb. 22, 2017 - ONE Gas, Inc. (NYSE: OGS) today announced its fourth-quarter and full-year 2016 financial results, which included diluted earnings per share of $0.80 and $2.65, respectively.

Highlights include:

Fourth-quarter 2016 net income increased to $42.3 million, or $0.80 per diluted share, compared with $39.2 million, or $0.74 per diluted share, in the fourth quarter 2015;
Full-year 2016 net income also increased to $140.1 million, or $2.65 per diluted share, compared with $119.0 million, or $2.24 per diluted share, in 2015;
Full-year 2016 capital expenditures were $309.0 million, compared with $294.3 million in 2015;
On Jan. 17, 2017, the company increased its quarterly dividend 7 cents to 42 cents per share, or $1.68 per share on an annualized basis, payable on Mar. 10, 2017, to shareholders of record at close of business Feb. 24, 2017; and
On Jan. 17, 2017, the company announced that its 2017 net income is expected to be in the range of $152 million to $162 million, or $2.87 to $3.07 per diluted share.

“Additional investment in our infrastructure, along with continuing to focus on efficient operations, led to positive results for the fourth quarter and full year,” said Pierce H. Norton II, president and chief executive officer. “This strategy enables the company to provide the safe and reliable service our customers expect, while also delivering value for shareholders.”


The following information was filed by One Gas, Inc. (OGS) on Wednesday, February 22, 2017 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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