Loading...
•
Jun 30, 2024
ONE Gas Q2 2024 Earnings Report
ONE Gas reported second quarter earnings, with operating income increasing due to new rates and residential sales growth, offset by higher expenses. The company reaffirmed its 2024 financial guidance.
Key Takeaways
ONE Gas reported a net income of $27.3 million, or $0.48 per diluted share, for the second quarter of 2024, compared to $32.7 million, or $0.58 per diluted share, in the second quarter of 2023. Operating income increased to $69.4 million, driven by new rates and residential sales growth, but was partially offset by increased expenses. The company reaffirmed its 2024 financial guidance with net income expected to be in the range of $214 million to $231 million, or $3.70 to $4.00 per diluted share.
Second quarter net income was $27.3 million, or $0.48 per diluted share.
Operating income increased due to new rates and residential sales growth.
A unanimous settlement agreement for Kansas Gas Service rate case was signed and filed.
A quarterly dividend of $0.66 per share was declared.
Revenue by Segment
Forward Guidance
ONE Gas reaffirmed the financial guidance it issued on Nov. 29, 2023, with 2024 net income expected to be in the range of $214 million to $231 million, or $3.70 to $4.00 per diluted share. Capital expenditures, including asset removal costs, are expected to be approximately $750 million in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...