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Sep 30, 2022
ONE Gas Q3 2022 Earnings Report
ONE Gas's financial performance remained consistent, demonstrating a focus on execution.
Key Takeaways
ONE Gas reported a net income of $23.7 million, or $0.44 per diluted share, for the third quarter of 2022, compared to $20.3 million, or $0.38 per diluted share, for the same period in 2021. The company's operating income increased to $47.1 million from $41.8 million in the third quarter of the previous year, driven by new rates and customer growth.
Net income for Q3 2022 was $23.7 million, or $0.44 per diluted share, compared to $20.3 million, or $0.38 per diluted share, in Q3 2021.
The company executed forward sale agreements for 570,335 shares of common stock under its at-the-market equity program.
ONE Gas issued $300 million of 4.25% senior notes due 2032, using the proceeds to repay commercial paper and for general corporate purposes.
The board of directors declared a quarterly dividend of $0.62 per share, payable on Dec. 1, 2022.
Revenue by Segment
Forward Guidance
ONE Gas narrowed its financial guidance issued on Jan. 18, 2022, with 2022 net income and earnings per share now expected to be in the range of $217 million to $226 million, and $4.00 to $4.16 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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