logoletterheada67.jpg
April 30, 2018
 
Analyst Contact:
Brandon Lohse
918-947-7472
 
 
Media Contact:
Jennifer Rector
918-947-7571

ONE Gas Announces First-quarter 2018 Financial Results

Declares Second-quarter Dividend;
Affirms 2018 Financial Guidance
 
TULSA, Okla. - April 30, 2018 - ONE Gas, Inc. (NYSE: OGS) today announced financial results for its first quarter 2018; declared its quarterly dividend; and affirmed its 2018 financial guidance.

Highlights include:

First-quarter 2018 net income was $90.8 million, or $1.72 per diluted share, compared with $76.5 million, or $1.44 per diluted share, in the first quarter 2017;
First-quarter results include a $0.05 per diluted share contribution from the share-based compensation accounting standard adopted in the first quarter 2017;
Actual heating degree days across the company's service areas were 5,262 in the first quarter 2018, 1 percent warmer than normal and 31 percent colder than the same period last year; and
The board of directors declared a quarterly dividend of $0.46 cents per share, or $1.84 per share on an annualized basis, payable on June 1, 2018, to shareholders of record at the close of business on May 14, 2018.

"Our first-quarter results reflect our continued emphasis on investing in our natural gas distribution systems, while effectively controlling expenses," said Pierce H. Norton II, president and chief executive officer. "The safety and reliability of natural gas delivery to our more than 2 million customers remains our focus. We also continue to work with our regulators to determine the effect of tax reform and begin returning the benefit to our customers."

FIRST-QUARTER 2018 FINANCIAL PERFORMANCE

ONE Gas reported operating income of $130.3 million in the first quarter 2018, compared with $129.4 million in the first quarter 2017.

Net margin increased by $0.8 million compared with first quarter 2017, which primarily reflects:

A $5.1 million increase from new rates primarily in Texas and Kansas;


-more-

The following information was filed by One Gas, Inc. (OGS) on Monday, April 30, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate One Gas, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by One Gas, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

FREE Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account