ONE Gas Q3 2023 Earnings Report
Key Takeaways
ONE Gas reported a net income of $25.2 million, or $0.45 per diluted share, for the third quarter of 2023, compared to $23.7 million, or $0.44 per diluted share, for the third quarter of 2022. The company narrowed its 2023 earnings guidance and declared a quarterly dividend of $0.65 per share.
Third quarter net income was $25.2 million, or $0.45 per diluted share.
Year-to-date net income was $160.5 million, or $2.87 per diluted share.
Executed forward sale agreements for 1.38 million shares of common stock in September 2023.
Increased capacity of the ONE Gas Credit Agreement to $1.2 billion in October 2023.
ONE Gas
ONE Gas
ONE Gas Revenue by Segment
Forward Guidance
ONE Gas narrowed its earnings guidance issued on Nov. 30, 2022, with 2023 net income and earnings per share expected to be in the range of $227 million to $236 million, and $4.06 to $4.22 per diluted share. Capital expenditures, including asset removal costs, are expected to be approximately $725 million in 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income