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Mar 31
ONE Gas Q1 2025 Earnings Report
ONE Gas reported strong financial results for the first quarter of 2025, exceeding previous year's performance and expecting to achieve the upper half of its financial guidance for the year.
Key Takeaways
ONE Gas, Inc. announced robust first quarter 2025 financial results, with net income increasing to $119.4 million, or $1.98 per diluted share, compared to $99.3 million, or $1.75 per diluted share, in the first quarter of 2024. The company attributes this success to effective regulatory strategy and disciplined expense management, and anticipates achieving the upper half of its 2025 financial guidance.
Net income for Q1 2025 increased to $119.4 million, up from $99.3 million in Q1 2024.
Diluted earnings per share rose to $1.98 in Q1 2025 from $1.75 in Q1 2024.
Operating income for Q1 2025 was $180.5 million, an increase from $145.9 million in Q1 2024, primarily driven by new rates and customer growth.
The board of directors declared a quarterly dividend of $0.67 per share, payable on June 3, 2025.
ONE Gas
ONE Gas
ONE Gas Revenue by Segment
Revenue by Segment
Natural gas sales Revenue
CapyFin.comTransportation revenues Revenue
CapyFin.comSecuritization customer charges Revenue
CapyFin.com Forward Guidance
ONE Gas expects to achieve the upper half of its 2025 financial guidance, with net income projected between $254 million and $261 million, and earnings per diluted share between $4.20 and $4.32. Capital investments are estimated at $750 million, primarily for system integrity, and $180 million for new customer extensions.
Positive Outlook
- Expected net income in the range of $254 million to $261 million for 2025.
- Anticipated earnings per diluted share between $4.20 and $4.32 for 2025.
- Approximately $750 million in capital investments targeted for system integrity and replacement projects.
- Approximately $180 million in capital investments for extensions to new customers.
- Kansas Gas Service submitted an application for a $7.2 million increase related to its Gas System Reliability Surcharge.
Challenges Ahead
- Potential for cyber-attacks or breaches of technology systems to disrupt operations or expose confidential information.
- Risks associated with changes in regulation of natural gas distribution services.
- Economic climate and its effect on natural gas requirements of residential and commercial customers.
- Competition from alternative forms of energy, including electricity, solar, wind, and geothermal power.
- Adverse weather conditions and variations, including severe storms and climate change, affecting supply, demand, and costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income