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ONE Gas Q2 Earnings Meet Estimates, Revenues Rise Y/Y, EPS View Up
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Key Takeaways
{\"0\":\"OGS posted Q2 EPS of 53 cents, in line with estimates and up 10.4% from the prior-year quarter.\",\"1\":\" Revenues rose 19.7% year over year to $423.7M, beating the consensus estimate by nearly 5%.\",\"2\":\"Operating income grew 3.7% year over year to $71.9M, while interest expenses declined 4.6%.\"}
ONE Gas, Inc. (OGS - Free Report) reported second-quarter 2025 operating earnings per share (EPS) of 53 cents, which came in line with the Zacks Consensus Estimate. The figure was 10.4% higher than the year-ago quarter’s earnings of 48 cents.
OGS’ Revenues
ONE Gas recorded revenues of $423.7 million, which surpassed the Zacks Consensus Estimate of $404 million by 4.9%. The top line also increased 19.7% from $354.1 million in the prior-year quarter.
Total natural gas volumes delivered were 67.6 billion cubic feet, down 0.9% on a year-over-year basis. OGS served 2,302,000 customers, up 0.8% year over year.
Total operating expenses were $233.9 million, up 9.9% year over year. The increase in expenses was due to a rise in operations and maintenance expenses, depreciation and amortization expenses, as well as general taxes.
Operating income rose 3.7% year over year to $71.9 million.
OGS incurred net interest expenses of $35.3 million, down 4.6% on a year-over-year basis.
OGS’ Financial Highlights
As of June 30, 2025, OGS had cash and cash equivalents of $20.5 million compared with $58 million as of Dec. 31, 2024.
Total long-term debt (excluding current maturities) was $2.37 billion as of June 30, 2025 compared with $2.39 billion as of Dec. 31, 2024.
Cash provided by operating activities in the first six months of 2025 was $448.8 million compared with $250.9 million in the year-ago period.
During the first six months of 2025, capital expenditures were $347.1 million compared with $342.4 million in the year-ago period.
OGS’ 2025 Guidance
OGS raised its 2025 financial guidance. OGS now expects its 2025 net income in the range of $261-$267 million compared with the previous range of $254-$261 million. Earnings per diluted share are now expected in the range of $4.32-$4.42 compared with the previous range of $4.20-$4.32. The Zacks Consensus Estimate for earnings is pegged at $4.29, which lies below the company’s new guided range.
OGS continues to expect capital investments, including asset removal costs, of nearly $750 million.
Spire Inc. (SR - Free Report) reported third-quarter fiscal 2025 earnings of a cent per share, which beat the Zacks Consensus Estimate of a loss of 9 cents by 111.1%. In the year-ago quarter, the company reported a loss of 14 cents.
Total revenues for the reported quarter were $421.9 million, which surpassed the Zacks Consensus Estimate of $413 million by 2.16%. The top line also increased 1.9% from $414.1 million in the year-ago quarter.
Upcoming Releases
Sempra Energy (SRE - Free Report) is scheduled to report second-quarter 2025 results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share, which indicates a year-over-year decline of 6.7%.
SRE’s long-term (three to five years) earnings growth rate is 7.9%. The Zacks Consensus Estimate for sales stands at $3.15 billion, which implies a year-over-year improvement of 4.7%.
MDU Resources Group (MDU - Free Report) is scheduled to report second-quarter 2025 results on Aug. 7, before market open.
MDU’s long-term earnings growth rate is 6.9%. The Zacks Consensus Estimate for earnings is pegged at 13 cents per share, which calls for a year-over-year decline of 59.4%.
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ONE Gas Q2 Earnings Meet Estimates, Revenues Rise Y/Y, EPS View Up
Key Takeaways
ONE Gas, Inc. (OGS - Free Report) reported second-quarter 2025 operating earnings per share (EPS) of 53 cents, which came in line with the Zacks Consensus Estimate. The figure was 10.4% higher than the year-ago quarter’s earnings of 48 cents.
OGS’ Revenues
ONE Gas recorded revenues of $423.7 million, which surpassed the Zacks Consensus Estimate of $404 million by 4.9%. The top line also increased 19.7% from $354.1 million in the prior-year quarter.
ONE Gas, Inc. Price, Consensus and EPS Surprise
ONE Gas, Inc. price-consensus-eps-surprise-chart | ONE Gas, Inc. Quote
Highlights of OGS’ Earnings Release
Total natural gas volumes delivered were 67.6 billion cubic feet, down 0.9% on a year-over-year basis. OGS served 2,302,000 customers, up 0.8% year over year.
Total operating expenses were $233.9 million, up 9.9% year over year. The increase in expenses was due to a rise in operations and maintenance expenses, depreciation and amortization expenses, as well as general taxes.
Operating income rose 3.7% year over year to $71.9 million.
OGS incurred net interest expenses of $35.3 million, down 4.6% on a year-over-year basis.
OGS’ Financial Highlights
As of June 30, 2025, OGS had cash and cash equivalents of $20.5 million compared with $58 million as of Dec. 31, 2024.
Total long-term debt (excluding current maturities) was $2.37 billion as of June 30, 2025 compared with $2.39 billion as of Dec. 31, 2024.
Cash provided by operating activities in the first six months of 2025 was $448.8 million compared with $250.9 million in the year-ago period.
During the first six months of 2025, capital expenditures were $347.1 million compared with $342.4 million in the year-ago period.
OGS’ 2025 Guidance
OGS raised its 2025 financial guidance. OGS now expects its 2025 net income in the range of $261-$267 million compared with the previous range of $254-$261 million. Earnings per diluted share are now expected in the range of $4.32-$4.42 compared with the previous range of $4.20-$4.32. The Zacks Consensus Estimate for earnings is pegged at $4.29, which lies below the company’s new guided range.
OGS continues to expect capital investments, including asset removal costs, of nearly $750 million.
OGS’ Zacks Rank
Currently, ONE Gas carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Release
Spire Inc. (SR - Free Report) reported third-quarter fiscal 2025 earnings of a cent per share, which beat the Zacks Consensus Estimate of a loss of 9 cents by 111.1%. In the year-ago quarter, the company reported a loss of 14 cents.
Total revenues for the reported quarter were $421.9 million, which surpassed the Zacks Consensus Estimate of $413 million by 2.16%. The top line also increased 1.9% from $414.1 million in the year-ago quarter.
Upcoming Releases
Sempra Energy (SRE - Free Report) is scheduled to report second-quarter 2025 results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share, which indicates a year-over-year decline of 6.7%.
SRE’s long-term (three to five years) earnings growth rate is 7.9%. The Zacks Consensus Estimate for sales stands at $3.15 billion, which implies a year-over-year improvement of 4.7%.
MDU Resources Group (MDU - Free Report) is scheduled to report second-quarter 2025 results on Aug. 7, before market open.
MDU’s long-term earnings growth rate is 6.9%. The Zacks Consensus Estimate for earnings is pegged at 13 cents per share, which calls for a year-over-year decline of 59.4%.