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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.
ONE Gas
ONE Gas
ONE Gas Revenue by Segment
Revenue by Segment
Natural gas sales Revenue
CapyFin.comTransportation revenues Revenue
CapyFin.com 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