Loading...
•
Dec 31, 2023
ONE Gas Q4 2023 Earnings Report
Financial results for the fourth quarter and full year 2023 were announced.
Key Takeaways
ONE Gas reported a net income of $70.7 million, or $1.27 per diluted share, for the fourth quarter of 2023, compared to $67.0 million, or $1.23 per diluted share, for the fourth quarter of 2022. The company's operating income increased to $107.1 million from $103.6 million in the same period last year, driven by new rates and residential sales growth.
Fourth quarter 2023 net income was $70.7 million, or $1.27 per diluted share.
Full year 2023 net income was $231.2 million, or $4.14 per diluted share.
The company settled under forward contracts 1,032,403 shares of its common stock for net proceeds of $79.0 million.
ONE Gas increased the dividend for the first quarter 2024 by 1 cent to $0.66 per share ($2.64 annualized).
Revenue by Segment
Forward Guidance
ONE Gas expects 2024 net income to be in the range of $214 million to $231 million, or $3.70 to $4.00 per diluted share. Capital expenditures are projected to be approximately $750 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...