Exhibit 99.1

logoletterheada56.jpg
February 21, 2018
 
Analyst Contact:
Meredith Bartlett
 
 
 
Megan Bloyed
918-947-7011
 
 
Media Contact:
Jennifer Rector
918-947-7571
ONE Gas Announces Fourth-quarter
and Full-year 2017 Financial Results

Analysts’ call and webcast scheduled tomorrow, Feb. 22, at 11 a.m. EST

TULSA, Okla. - Feb. 21, 2018 - ONE Gas, Inc. (NYSE: OGS) today announced its fourth-quarter and full-year 2017 financial results, which included diluted earnings per share of $0.89 and $3.08, respectively.

Highlights include:

Fourth-quarter 2017 net income increased to $47.1 million, or $0.89 per diluted share, compared with $42.3 million, or $0.80 per diluted share, in the fourth quarter 2016;
Full-year 2017 net income also increased to $163.0 million, or $3.08 per diluted share, compared with $140.1 million, or $2.65 per diluted share, in 2016;
Full-year 2017 results include a $0.10 per share contribution from adoption of the share-based compensation accounting standard in the first quarter of 2017. Full-year 2017 and fourth-quarter 2017 results include a $0.07 per share contribution from the accounting authority order approved by the Kansas Corporation Commission and a $0.04 per share negative impact from federal tax reform;
Full-year 2017 capital expenditures were $356.4 million, compared with $309.0 million in 2016;
On Jan. 16, 2018, the company increased its quarterly dividend 4 cents to 46 cents per share, or $1.84 per share on an annualized basis, payable on Mar. 9, 2018, to shareholders of record at close of business Feb. 23, 2018; and
On Jan. 16, 2018, the company announced that its 2018 net income is expected to be in the range of $156 million to $168 million, or $2.96 to $3.20 per diluted share.

“In 2017, we continued to invest in the reliability of our systems to safely deliver natural gas, a key energy source for our more than 2 million customers,” said Pierce H. Norton II, president and chief executive officer. “Now that tax reform legislation is final, we look forward to working with our regulators to ensure our customers benefit from the lower tax rate.”

-more-

The following information was filed by One Gas, Inc. (OGS) on Wednesday, February 21, 2018 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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