Quarterly ResultMay 4, 2026, 04:28 PM
ONE Gas Q1 Net Income $128.7M, EPS $2.04; Affirms 2026 Guidance
AI Summary
ONE Gas, Inc. announced its first quarter 2026 financial results, reporting a net income of $128.7 million, or $2.04 per diluted share, an increase from $119.4 million, or $1.98 per diluted share, in Q1 2025. The company affirmed its 2026 financial guidance and declared a quarterly cash dividend of $0.68 per share. Despite significantly warmer weather, operating income increased due to new rates and weather normalization mechanisms, underscoring business model resilience.
Key Highlights
- Q1 2026 net income was $128.7 million, up 7.8% from $119.4 million in Q1 2025.
- Q1 2026 diluted EPS was $2.04, up from $1.98 in Q1 2025.
- Board declared a $0.68 per share cash dividend, payable June 2, 2026.
- Affirmed 2026 net income guidance of $294 million to $302 million.
- Affirmed 2026 diluted EPS guidance of $4.65 to $4.77.
- Kansas House Bill 2435 signed, expanding eligible investments for GSRS recovery.
- Texas Gas Service filed for a $36.9 million revenue increase.
- Oklahoma Natural Gas filed for a $28.7 million base rate revenue increase.