ONE Gas Q3 2024 Earnings Report
Key Takeaways
ONE Gas reported a net income of $19.3 million for the third quarter of 2024, with earnings per diluted share at $0.34. The company raised and narrowed its 2024 diluted earnings per share guidance to a range of $3.85 to $3.95. Operating income increased to $59.5 million, driven by new rates, while capital expenditures rose to $197.7 million.
Net income for the third quarter was $19.3 million, or $0.34 per diluted share.
The Company raised and tightened 2024 diluted earnings per share guidance to a range of $3.85 to $3.95.
Texas Gas Service's Central-Gulf rate case settlement agreement was filed for an increase of $19.3 million.
The board of directors declared a quarterly dividend of $0.66 per share, payable on Dec. 4, 2024.
ONE Gas
ONE Gas
ONE Gas Revenue by Segment
Forward Guidance
The Company raised and narrowed its 2024 financial guidance, with net income expected to be in the range of $219 million to $226 million. Earnings per diluted share are expected to be approximately $3.85 to $3.95. Capital expenditures, including asset removal costs, are still expected to be approximately $750 million in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income