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Jun 30, 2021
ONE Gas Q2 2021 Earnings Report
ONE Gas reported strong second-quarter results driven by employee commitment and strategic execution.
Key Takeaways
ONE Gas announced its second quarter 2021 financial results with a net income of $30.1 million, or $0.56 per diluted share. The company reaffirmed its 2021 financial guidance.
Second quarter 2021 net income was $30.1 million, or $0.56 per diluted share, compared with $25.3 million, or $0.48 per diluted share, in the second quarter 2020.
Actual heating degree days across the company's service areas were 751 in the second quarter 2021, 18% colder than normal and 3% warmer than the same period last year.
In June 2021, the company increased the size of its commercial paper program in an aggregate principal amount not to exceed $1.0 billion outstanding at any time from $700 million.
On July 30, 2021, each of the company's three divisions made a filing with its respective regulatory commission seeking authorization of Winter Storm Uri costs to be recovered through securitization.
Revenue by Segment
Forward Guidance
ONE Gas reaffirmed its financial guidance issued on Jan. 19, 2021, with 2021 net income expected to be in the range of $198 million to $210 million, or $3.68 to $3.92 per diluted share. Capital expenditures, including asset removal costs, are expected to be approximately $540 million for 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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