earnings
confidence high
sentiment neutral
materiality 0.50
ONE Gas Q2 net income $32.7M ($0.58 EPS); reaffirms FY 2023 EPS of $4.02-4.26
ONE Gas, Inc.
2023-Q1 EPS reported
$2.42
- Q2 net income $32.7M (diluted EPS $0.58) versus $32.1M ($0.59) in Q2 2022; YTD net income $135.3M.
- Operating income rose to $64.0M from $58.6M, driven by new rates (+$14.1M) and customer growth.
- Reaffirmed 2023 guidance: net income $224-238M, EPS $4.02-4.26, capex ~$675M.
- Quarterly dividend of $0.65 per share declared, payable Sept 1, 2023 to holders of record Aug 16.
- Oklahoma natural gas rate case approved with $26.3M revenue increase; Texas GRIP filings partially appealed.