Overview
Natural gas utility's Q4 revenue missed analyst expectations
Adjusted EPS for Q4 was $1.48, up from $1.35 last year
Company settled forward contracts for net proceeds of $205 mln
Outlook
ONE Gas expects 2026 adjusted net income between $306 mln and $314 mln
Company forecasts 2026 capital investments at approximately $800 mln
Result Drivers
NEW RATES - Q4 operating income increased by $23.8 mln due to new rates
RESIDENTIAL SALES GROWTH - $1.3 mln increase in residential sales due to customer growth in Oklahoma and Texas
COST INCREASES - Employee-related costs rose by $4.2 mln, affecting operating income
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$689.37 mln
$756.77 mln (2 Analysts)
Q4 EPS
$1.42
Q4 Net Income
$86.31 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for ONE Gas Inc is $90.00, about 5% above its February 17 closing price of $85.74
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nPnbXz6Nda
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
