Quarterly ResultMay 5, 2026, 04:14 PM
ONE Gas Q1 Net Income +7.75% to $128.7M; Diluted EPS $2.04
AI Summary
ONE Gas, Inc. reported a 7.75% increase in net income to $128.7 million for the first quarter of 2026, with diluted EPS rising to $2.04. Despite a decrease in total revenues by 11.06% to $831.7 million, operating income saw a 5.04% increase. The company also declared a quarterly dividend of $0.68 per share and received a significant federal income tax refund of $64.3 million in April 2026.
Key Highlights
- Net income for Q1 2026 increased by 7.75% to $128.7 million.
- Diluted earnings per share (EPS) rose 3.03% to $2.04.
- Total revenues decreased by 11.06% to $831.7 million.
- Operating income increased by 5.04% to $189.6 million.
- Declared a quarterly dividend of $0.68 per share, up from $0.67 in Q1 2025.
- Issued 237,307 shares under the at-the-market equity program, with $20.4 million in net proceeds.
- Commercial paper outstanding was $759.7 million at March 31, 2026, with a 4.14% weighted-average interest rate.
- Received a $64.3 million federal income tax refund in April 2026.
Price Impact
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