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ONE Gas Provides Insights into Q3 2025 Performance and Financial Projections

ONE Gas, Inc., a regulated natural gas utility serving millions across Kansas, Oklahoma, and Texas, recently released its financial results for the third quarter of 2025. With a focus on operational efficiency and strategic execution, the results display a healthy growth trajectory.

New Heights in Financial Performance

In the third quarter, ONE Gas achieved a net income of $26.5 million, translating to $0.44 per diluted share, marking an improvement from $19.3 million ($0.34 per share) in the same quarter of the previous year. For the year-to-date, net income stands at $177.9 million with earnings per share of $2.94, compared to $145.8 million and $2.56 respectively in 2024. These figures align favorably with the company's strategies aimed at unlocking long-term shareholder value.

Adjusted Financial Guidance for 2025

Following these promising results, ONE Gas narrowed its earnings guidance for 2025, projecting diluted earnings per share between $4.34 and $4.40. This reflects a slight adjustment from the previous range of $4.32 to $4.42, emphasizing the company’s confidence in meeting its anticipated financial outcomes.

Operational Efficiency

The operational income also saw a boost, amounting to $65.4 million in Q3 2025, compared to $59.5 million in Q3 2024. This performance was attributed mainly to increased rates by $19.2 million and $1.4 million from residential sales driven by customer growth across their service areas. Although operational expenses rose due to depreciation, employee-related costs, and taxes, overall financial health remains robust.

Capital Investments

Capital expenditures for the quarter reached approximately $207.6 million, slightly higher than the $197.7 million reported for the same period last year. These investments primarily contribute to enhancing system integrity and expanding service provisions in new territories, ensuring ONE Gas maintains its competitive edge in the market.

Shareholder Returns

In recognition of its strong performance, the company’s board declared a quarterly dividend of $0.67 per share, maintaining an annualized figure of $2.68. This dividend will be distributed on December 1, 2025 to shareholders who hold shares as of November 14, 2025, reflecting the company's commitment to returning value to its investors.

Ongoing Regulatory Developments

ONE Gas is also actively engaging in regulatory processes affecting its service areas. Significant filings have been initiated by Texas Gas Service and Oklahoma Natural Gas that could lead to necessary rate adjustments, aimed at ensuring fair service delivery and sustainability in operations. The outcome of these regulatory actions will be essential as they potentially impact profitability and operational timelines.

Invitation to Investors

ONE Gas will host an earnings conference call on November 4, 2025, at 11 a.m. EST. Investors and analysts can participate via telephone or access a live webcast through the company’s investor relations website, presenting an essential opportunity for stakeholders to engage with management on the financial outlook and strategic vision.

Forward-Looking Statements

As a reminder, forward-looking statements made by ONE Gas reflect the company's anticipations concerning future performance and conditions but carry inherent risks that could result in actual outcomes differing substantially. Factors include regulatory changes, market conditions, and operational efficiencies.

In summary, ONE Gas remains a pivotal player in the natural gas sector, demonstrating strong operational performance, strategic adjustments in financial guidance, and shareholder-focused initiatives. As it moves toward year-end, the focus on sustainable growth and prudent capital management continues to drive the company forward.