other material
confidence high
sentiment positive
materiality 0.60
ONE Gas guides 2025 EPS $4.20-$4.32; targets 7-9% avg rate base growth through 2029
ONE Gas, Inc.
- 2025 net income guidance range $254M-$261M; diluted EPS $4.20-$4.32 (midpoint $4.26).
- 2025 capex ~$750M, including $180M for customer extensions; avg rate base $5.8B.
- Five-year capex $750M-$850M/yr ($4B total); avg rate base growth 7-9% per year through 2029.
- Operating cost growth trimmed to ~4% annually (from 5%); dividend growth 1-2%/yr, payout 55-65%.
- Expects to settle ~$245M of forward equity year-end 2024; ~$30M roll to 2025.