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Dec 31, 2022
ONE Gas Q4 2022 Earnings Report
ONE Gas reported Q4 2022 financial results, which included diluted earnings per share of $1.23.
Key Takeaways
ONE Gas announced its fourth quarter 2022 financial results, which included diluted earnings per share of $1.23. The company ended the year on plan, focusing on safe operations, customer service, and cost management.
Fourth quarter 2022 net income was $67.0 million, or $1.23 per diluted share, compared with $60.5 million, or $1.12 per diluted share, in the fourth quarter 2021.
Full year 2022 net income was $221.7 million, or $4.08 per diluted share, compared with $206.4 million, or $3.85 per diluted share, in 2021.
Full year 2022 capital expenditures and asset removal costs were $656.5 million, compared with $544.3 million in 2021.
On Jan. 24, 2023, ONE Gas increased the dividend for the first quarter 2023 by 3 cents to 65 cents per share, or $2.60 per share on an annualized basis.
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 2023 net income is expected to be in the range of $224 million to $238 million, or $4.02 to $4.26 per diluted share. Capital expenditures, including asset removal costs, are expected to be approximately $675 million in 2023, with nearly 70 percent of these expenditures targeted for system integrity and replacement projects. Capital investments for extensions to new customers are expected to be approximately $185 million.
Positive Outlook
- Net income is expected to be in the range of $224 million to $238 million.
- Diluted earnings per share are expected to be $4.02 to $4.26.
- Capital expenditures are expected to be approximately $675 million.
- Nearly 70 percent of capital expenditures are targeted for system integrity and replacement projects.
- Capital investments for extensions to new customers are expected to be approximately $185 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income