Loading...
•
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...