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Dec 31, 2021
ONE Gas Q4 2021 Earnings Report
ONE Gas's financial performance for Q4 2021 and full-year results were announced.
Key Takeaways
ONE Gas reported a positive fourth quarter and looks forward to continued momentum in 2022. Q4 2021 net income was $60.5 million, or $1.12 per diluted share, compared to $58.3 million, or $1.09 per diluted share, in Q4 2020.
Fourth quarter 2021 net income was $60.5 million, or $1.12 per diluted share, compared with $58.3 million, or $1.09 per diluted share, in the fourth quarter 2020.
Full year 2021 net income increased to $206.4 million, or $3.85 per diluted share, compared with $196.4 million, or $3.68 per diluted share, in 2020.
Full year 2021 capital expenditures and asset removal costs were $544.3 million, compared with $512.2 million in 2020.
On Jan. 18, 2022, ONE Gas increased the dividend for the first quarter 2022 by 4 cents to 62 cents per share.
Revenue by Segment
Forward Guidance
ONE Gas announced that its 2022 net income is expected to be in the range of $215 million to $227 million, or $3.96 to $4.20 per diluted share. Capital investments, including asset removal costs, are expected to be approximately $650 million in 2022, with over 65% of these expenditures targeted for system integrity and replacement projects. Capital investments for extensions to new customers are expected to be approximately $190 million.
Positive Outlook
- Net income is expected to be in the range of $215 million to $227 million.
- Diluted earnings per share are expected to be between $3.96 and $4.20.
- Capital investments are projected to be approximately $650 million.
- Over 65% of capital expenditures are targeted for system integrity and replacement projects.
- Capital investments for extensions to new customers are expected to be approximately $190 million.
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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