ONE Gas Q4 Earnings Higher Than Estimates, Revenues Rise Y/Y

ONE Gas, Inc. OGS 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. QuoteHighlights 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 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 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 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 2023.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Atmos Energy Corporation (ATO): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report Spire Inc. (SR): Free Stock Analysis Report ONE Gas, Inc. (OGS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks