earnings
confidence high
sentiment neutral
materiality 0.55
ONE Gas reports Q1 net income $102.6M ($1.84 EPS); affirms 2023 guidance, declares $0.65 dividend
ONE Gas, Inc.
2023-Q1 EPS reported
$1.84
- Q1 net income $102.6M ($1.84 diluted EPS) vs $98.9M ($1.83) in Q1 2022; operating income $149.2M vs $140.8M.
- Affirms 2023 EPS guidance $4.02-$4.26 and net income $224M-$238M; capex ~$675M.
- Board declares $0.65 quarterly dividend payable June 2, 2023 (unchanged from prior rate).
- Weather was 14.5% warmer YoY but impact mitigated by normalization mechanisms; new rates added $17.3M.
- Regulatory filings: Oklahoma Natural Gas seeks $27.6M rate increase; Texas GRIP filings; $197M Texas securitization proceeds received.