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Dec 31, 2024
ONE Gas Q4 2024 Earnings Report
ONE Gas reported strong financial performance in Q4 2024, driven by increased rates and customer growth.
Key Takeaways
ONE Gas reported Q4 2024 earnings per share of $1.34, with net income increasing to $77.0 million. Operating income rose to $124.3 million, supported by higher rates and customer growth. Revenue reached $630.7 million, reflecting an increase in natural gas sales and transportation revenues. Despite warm weather impacting demand, financial results were strong due to strategic regulatory measures.
Q4 2024 net income increased to $77.0 million from $70.7 million in Q4 2023.
Total revenue grew to $630.7 million, supported by higher rates and sales growth.
Operating income rose to $124.3 million, driven by new rate implementations.
Weather was 24.3% warmer than normal, but financial impact was mitigated.
ONE Gas
ONE Gas
ONE Gas Revenue by Segment
Revenue by Segment
Natural gas sales Revenue
CapyFin.comTransportation revenues Revenue
CapyFin.comSecuritization customer charges Revenue
CapyFin.com Forward Guidance
ONE Gas expects continued growth in 2025, with net income projected between $254M and $261M and EPS forecasted between $4.20 and $4.32. Capital investments are expected to be around $750M, primarily for system integrity and expansion.
Positive Outlook
- Net income projected to increase to a range of $254M to $261M in 2025.
- EPS forecasted between $4.20 and $4.32, reflecting steady growth.
- Capital investments of approximately $750M planned for system integrity.
- Expansion of customer base expected to drive revenue growth.
- Regulatory adjustments support continued rate-based earnings improvements.
Challenges Ahead
- Higher interest expenses due to recent debt issuances.
- Weather variability remains a risk to revenue stability.
- Increasing operational costs, including employee-related expenses.
- Regulatory approval processes may delay rate implementations.
- Potential economic downturn impacting customer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income