ONE Gas Q1 operating income rises on new rates, affirms full-year guidance

ONE Gas

04/05/2026 21:32

Overview

US natural gas utility's Q1 revenue declined yr/yr amid warm winter

Q1 adjusted EPS and net income rose from prior year

Company affirmed full-year 2026 financial guidance

Outlook

ONE Gas affirms 2026 net income guidance of $294 mln to $302 mln

Company maintains 2026 adjusted net income guidance of $306 mln to $314 mln

ONE Gas expects 2026 capital investments of about $800 mln

Result Drivers

WARM WEATHER IMPACT - Revenue and sales volumes fell due to a historically warm winter, with weather 24.6% warmer than prior year, per co

NEW RATES - Operating income rose primarily due to a $27.3 mln increase from new rates

HIGHER OPERATING COSTS - Employee-related costs and outside services increased, partially offsetting gains from new rates

Company press release: ID:nPn7PtCNta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$831.71 mln
$973.53 mln (2 Analysts)
Q1 EPS
$2.04
Q1 Net Income
$128.67 mln
Q1 Dividend
$0.68


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 $93.00, about 4.6% above its May 1 closing price of $88.91

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

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.)