Exhibit 99.1

February 20, 2019
Analyst Contact:
Brandon Lohse
Media Contact:
Leah Harper
ONE Gas Announces Fourth-quarter
and Full-year 2018 Financial Results

Analysts’ call and webcast scheduled tomorrow, Feb. 21, at 11 a.m. EST

TULSA, Okla. - Feb. 20, 2019 - ONE Gas, Inc. (NYSE: OGS) today announced its fourth-quarter and full-year 2018 financial results, which included diluted earnings per share of $0.84 and $3.25, respectively.

Highlights include:

Fourth-quarter 2018 net income was $44.7 million, or $0.84 per diluted share, compared with $47.1 million, or $0.89 per diluted share, in the fourth quarter 2017;
Full-year 2018 net income increased to $172.2 million, or $3.25 per diluted share, compared with $163.0 million, or $3.08 per diluted share, in 2017;
Full-year 2018 capital expenditures were $394.5 million, compared with $356.4 million in 2017;
On Jan. 15, 2019, the company increased its quarterly dividend 4 cents to 50 cents per share, or $2.00 per share on an annualized basis, payable on March 8, 2019, to shareholders of record at close of business Feb. 22, 2019; and
On Jan. 15, 2019, the company announced that its 2019 net income is expected to be in the range of $174 million to $190 million, or $3.27 to $3.57 per diluted share.

"Our 2018 results reflect the ongoing investments 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. "Our strategy enables the company to provide the safe and reliable service our customers expect, while also delivering value for shareholders."


ONE Gas reported operating income of $80.8 million in the fourth quarter 2018, compared with $93.8 million in the fourth quarter 2017.

Net margin, which is comprised of total revenues less cost of natural gas, decreased by $6.7 million compared with fourth quarter 2017, which primarily reflects:


The following information was filed by One Gas, Inc. (OGS) on Wednesday, February 20, 2019 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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