earnings
confidence high
sentiment neutral
materiality 0.60
ONE Gas Q3 net income $0.45/share; narrows FY23 EPS guidance to $4.06-$4.22
ONE Gas, Inc.
2023-Q3 EPS reported
$2.87
- Q3 2023 net income $25.2M ($0.45 diluted EPS) vs $23.7M ($0.44) in Q3 2022.
- Narrows 2023 EPS guidance to $4.06-$4.22; net income $227M-$236M.
- Board declares Q4 dividend $0.65/share, payable Dec 1, 2023 (record Nov 15).
- Executed forward sale agreements for 1.38M shares at ~$73.67 initial price; credit facility increased to $1.2B.
- Operating income $57.2M (Q3) vs $47.1M last year, driven by $14.6M from new rates.