earnings
confidence high
sentiment neutral
materiality 0.70
ONE Gas Q3 EPS $0.34 vs $0.45 YoY; raises 2024 EPS guidance to $3.85-$3.95
ONE Gas, Inc.
2024-Q3 EPS reported
$2.56
- Q3 net income $19.3M ($0.34 diluted EPS) vs $25.2M ($0.45) in Q3 2023; year-to-date net income $145.8M vs $160.5M.
- 2024 EPS guidance raised to $3.85-$3.95 (midpoint $3.90) from $3.70-$4.00; capex unchanged at ~$750M.
- Quarterly dividend declared at $0.66/share payable Dec 4, record date Nov 19.
- Closed $250M additional 5.10% senior notes due 2029; increased credit facility/commercial paper to $1.35B each.
- Kansas Gas Service rate case approved with net $35M base rate increase; Texas Central-Gulf settlement for $19.3M pending RRC approval.