ONE Gas Q1 2022 Earnings Report
Key Takeaways
ONE Gas announced its first quarter 2022 financial results, reporting a net income of $98.9 million, or $1.83 per diluted share, compared to $95.6 million, or $1.79 per diluted share, in the first quarter of 2021. The company affirmed its 2022 financial guidance and declared a quarterly dividend of $0.62 per share.
Net income for the first quarter 2022 was $98.9 million, or $1.83 per diluted share.
Heating degree days were 9% colder than normal and 2% colder than the same period last year.
A quarterly dividend of $0.62 per share was declared.
Maintenance and growth capital programs were on track.
ONE Gas
ONE Gas
ONE Gas Revenue by Segment
Forward Guidance
ONE Gas affirmed its financial guidance issued on Jan. 18, 2022, with 2022 net income and earnings per share expected to be in the range of $215 million to $227 million, and $3.96 to $4.20 per diluted share. Capital expenditures, including asset removal costs, are expected to be approximately $650 million for 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income