We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ONE Gas Q4 Earnings Higher Than Estimates, Revenues Rise Y/Y
Read MoreHide Full Article
ONE Gas, Inc. (OGS - Free Report) reported fourth-quarter 2024 operating earnings per share (EPS) of $1.34, which beat the Zacks Consensus Estimate of $1.33 per share by 0.8%. The figure also came in 5.5% higher than the year-ago quarter’s earnings of $1.27 per share.
Find the latest earnings estimates and surprises on Zacks Earnings Calendar.
OGS reported 2024 earnings of $3.91 per share compared with $4.14 in 2023, highlighting a year-over-year decrease of 5.6%.
OGS’ Revenues
ONE Gas recorded revenues of $630.7 million, which missed the Zacks Consensus Estimate of $661 million by 4.5%. However, the top line increased 4.1% from $605.9 million in the prior-year quarter.
OGS reported total revenues of $2.08 billion in 2024 compared with $2.37 billion in 2023, reflecting a year-over-year decrease of 12.2%.
Total natural gas volumes delivered were 102.4 billion cubic feet, down 6.7% on a year-over-year basis. OGS served 2,277,000 customers, up 0.5% year over year. Despite an increase in total customers, the decline in sales volume was due to lower year-over-year demand from residential, commercial and industrial customers.
Total operating expenses were $242.7 million, up 4.9% year over year. The increase in expenses was due to a rise in operations and maintenance, and depreciation and amortization expenses.
Operating income increased 16% year over year to $124.3 million.
OGS incurred net interest expenses of $39.8 million, up 33.5% on a year-over-year basis.
OGS’ Financial Highlights
As of Dec. 31, 2024, OGS had cash and cash equivalents of $58 million compared with $18.8 million as of Dec. 31, 2023.
Total long-term debt (excluding current maturities) was $2.39 billion as of Dec. 31, 2024 compared with $2.16 billion as of Dec. 31. 2023.
In 2024, cash provided by operating activities was $368.4 million compared with $939.5 million in the year-ago period.
In 2024, capital expenditures were $703.2 million compared with $666.6 million in the year-ago period.
OGS’ 2025 Guidance
OGS expects its 2025 net income in the range of $254-$261 million. Earnings per diluted share are expected in the range of $4.20-$4.32 per share. The Zacks Consensus Estimate for earnings is pegged at $4.26 per share, which lies at the midpoint of the company’s guided range.
OGS expects capital investments, including asset removal costs, of nearly $750 million. Capital investments for extensions to new customers are expected to be nearly $180 million.
Atmos Energy Corp. (ATO - Free Report) posted first-quarter fiscal 2025 earnings of $2.23 per share, which surpassed the Zacks Consensus Estimate of $2.20 by 1.4%. The bottom line also improved 7.2% from the year-ago quarter’s $2.08.
Total revenues of $1.18 billion lagged the Zacks Consensus Estimate of $1.40 billion by 16.2%. However, the top line increased 1.7% from the year-ago quarter’s reported number of $1.16 billion.
Spire Inc. (SR - Free Report) reported first-quarter fiscal 2025 earnings of $1.34 per share, which lagged the Zacks Consensus Estimate of $1.42 by 5.6%. The company’s bottom line also declined 8.8% from $1.47 reported in the year-ago quarter.
Total revenues for the reported quarter were $669.1 million, which missed the Zacks Consensus Estimate of $726 million by 7.8%. The top line also decreased 11.6% from $756.6 million in the year-ago quarter.
MDU Resources Group Inc. (MDU - Free Report) reported fourth-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 38 cents by 10.5%. However, the bottom line improved 9.7% year over year.
Fourth-quarter total operating revenues improved 7.1% to $535.5 million from $499.9 million in the comparable period of 2023.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ONE Gas Q4 Earnings Higher Than Estimates, Revenues Rise Y/Y
ONE Gas, Inc. (OGS - Free Report) reported fourth-quarter 2024 operating earnings per share (EPS) of $1.34, which beat the Zacks Consensus Estimate of $1.33 per share by 0.8%. The figure also came in 5.5% higher than the year-ago quarter’s earnings of $1.27 per share.
Find the latest earnings estimates and surprises on Zacks Earnings Calendar.
OGS reported 2024 earnings of $3.91 per share compared with $4.14 in 2023, highlighting a year-over-year decrease of 5.6%.
OGS’ Revenues
ONE Gas recorded revenues of $630.7 million, which missed the Zacks Consensus Estimate of $661 million by 4.5%. However, the top line increased 4.1% from $605.9 million in the prior-year quarter.
OGS reported total revenues of $2.08 billion in 2024 compared with $2.37 billion in 2023, reflecting a year-over-year decrease of 12.2%.
ONE Gas, Inc. Price, Consensus and EPS Surprise
ONE Gas, Inc. price-consensus-eps-surprise-chart | ONE Gas, Inc. Quote
Highlights of OGS’ Earnings Release
Total natural gas volumes delivered were 102.4 billion cubic feet, down 6.7% on a year-over-year basis. OGS served 2,277,000 customers, up 0.5% year over year. Despite an increase in total customers, the decline in sales volume was due to lower year-over-year demand from residential, commercial and industrial customers.
Total operating expenses were $242.7 million, up 4.9% year over year. The increase in expenses was due to a rise in operations and maintenance, and depreciation and amortization expenses.
Operating income increased 16% year over year to $124.3 million.
OGS incurred net interest expenses of $39.8 million, up 33.5% on a year-over-year basis.
OGS’ Financial Highlights
As of Dec. 31, 2024, OGS had cash and cash equivalents of $58 million compared with $18.8 million as of Dec. 31, 2023.
Total long-term debt (excluding current maturities) was $2.39 billion as of Dec. 31, 2024 compared with $2.16 billion as of Dec. 31. 2023.
In 2024, cash provided by operating activities was $368.4 million compared with $939.5 million in the year-ago period.
In 2024, capital expenditures were $703.2 million compared with $666.6 million in the year-ago period.
OGS’ 2025 Guidance
OGS expects its 2025 net income in the range of $254-$261 million. Earnings per diluted share are expected in the range of $4.20-$4.32 per share. The Zacks Consensus Estimate for earnings is pegged at $4.26 per share, which lies at the midpoint of the company’s guided range.
OGS expects capital investments, including asset removal costs, of nearly $750 million. Capital investments for extensions to new customers are expected to be nearly $180 million.
OGS’ Zacks Rank
Currently, ONE Gas carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Atmos Energy Corp. (ATO - Free Report) posted first-quarter fiscal 2025 earnings of $2.23 per share, which surpassed the Zacks Consensus Estimate of $2.20 by 1.4%. The bottom line also improved 7.2% from the year-ago quarter’s $2.08.
Total revenues of $1.18 billion lagged the Zacks Consensus Estimate of $1.40 billion by 16.2%. However, the top line increased 1.7% from the year-ago quarter’s reported number of $1.16 billion.
Spire Inc. (SR - Free Report) reported first-quarter fiscal 2025 earnings of $1.34 per share, which lagged the Zacks Consensus Estimate of $1.42 by 5.6%. The company’s bottom line also declined 8.8% from $1.47 reported in the year-ago quarter.
Total revenues for the reported quarter were $669.1 million, which missed the Zacks Consensus Estimate of $726 million by 7.8%. The top line also decreased 11.6% from $756.6 million in the year-ago quarter.
MDU Resources Group Inc. (MDU - Free Report) reported fourth-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 38 cents by 10.5%. However, the bottom line improved 9.7% year over year.
Fourth-quarter total operating revenues improved 7.1% to $535.5 million from $499.9 million in the comparable period of 2023.