Exhibit 99.1                                    

May 3, 2021
Analyst Contact:Brandon Lohse
Media Contact:Leah Harper
ONE Gas Announces First Quarter 2021 Financial Results
Declares Second Quarter Dividend;
Reaffirms 2021 Financial Guidance

TULSA, Okla. - May 3, 2021 - ONE Gas, Inc. (NYSE: OGS) today announced its first quarter 2021 financial results, declared its quarterly dividend and reaffirmed its 2021 financial guidance.
First quarter 2021 net income was $95.6 million, or $1.79 per diluted share, compared with $91.7 million, or $1.72 per diluted share, in the first quarter 2020;
Actual heating degree days across the company's service areas were 5,600 in the first quarter 2021, 7% colder than normal and 19% colder than the same period last year;
In March 2021, the company issued $1.7 billion of 2- and 3-year fixed rate senior notes and $800 million of 2-year floating rate senior notes, with proceeds used for general corporate purposes, including payment of gas purchase costs resulting from Winter Storm Uri;
In March 2021, the company amended, extended and upsized its revolving credit agreement to $1 billion from $700 million and terminated its $250 million 364-day Credit Agreement; and
The board of directors declared a quarterly dividend of $0.58 per share, or $2.32 per share on an annualized basis, payable on June 1, 2021, to shareholders of record at the close of business on May 17, 2021.    

"Since we first reported on the operational and financial impact of Winter Storm Uri in February, we have worked collaboratively with our regulators and legislators to minimize the financial impact to our customers," said Pierce H. Norton II, president and chief executive officer. "We are pleased that legislation has been passed and signed by the governors in Kansas and Oklahoma, and is being considered in Texas, to allow securitization as a means to finance the extraordinary costs associated with the storm. Our customers will benefit from the lower cost to issue securitized debt relative to other alternatives.

"Despite this focus on the storm, ONE Gas has not lost sight of our environmental, social and governance initiatives," added Norton. "We know natural gas will serve a critical role as the nation transforms to a cleaner energy future, with many types of energy resources working together to

The following information was filed by One Gas, Inc. (OGS) on Monday, May 3, 2021 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.

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