earnings
confidence high
sentiment positive
materiality 0.70
ONE Gas Q1 net income $128.7M, EPS $2.04; affirms 2026 guidance; declares $0.68 dividend
ONE Gas, Inc.
2026-Q1 EPS
reported $2.04
vs consensus $2.18
▼ miss
(-6.5%)
- Q1 net income $128.7M ($2.04 diluted EPS), up from $119.4M ($1.98) YoY; adjusted net income $133.4M ($2.11).
- Operating income $189.6M, driven by $27.3M from new rates, partially offset by lower volumes.
- 2026 guidance affirmed: net income $294-302M ($4.65-4.77 EPS); adjusted $306-314M ($4.83-4.95).
- Board declares $0.68 quarterly dividend, payable June 2, 2026 to holders of record May 18, 2026.
- Regulatory: Kansas GSRS amendment, Texas GRIP filing ($36.9M), Oklahoma PBRC ($28.7M).