ONE Gas Q1 Earnings Higher Than Estimates, Revenues Rise Y/Y

ONE Gas, Inc. OGS reported first-quarter 2025 operating earnings per share (EPS) of $1.98, which beat the Zacks Consensus Estimate of $1.85 by 7%. The figure also came in 13.1% higher than the year-ago quarter’s earnings of $1.75. (See the Zacks Earnings Calendar to stay ahead of market-making news.)OGS’ RevenuesONE Gas recorded revenues of $935.2 million, which surpassed the Zacks Consensus Estimate of $804 million by 16.4%. The top line also increased 23.3% from $758.3 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. QuoteHighlights of OGS’ Earnings ReleaseTotal natural gas volumes delivered were 144.6 billion cubic feet, up 8% on a year-over-year basis. OGS served 2,305,000 customers, up 0.7% year over year. This increase in sales volume was due to higher year-over-year demand from residential, commercial and industrial customers.Total operating expenses were $242.2 million, up 5.6% 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 increased 23.7% year over year to $180.5 million.OGS incurred net interest expenses of $35.7 million, up 13.8% on a year-over-year basis.OGS’ Financial HighlightsAs of March 31, 2025, OGS had cash and cash equivalents of $19.3 million compared with $58 million as of Dec. 31, 2024.Total long-term debt (excluding current maturities) was $2.37 billion as of March 31, 2025 compared with $2.39 billion as of Dec. 31. 2024.Cash provided by operating activities in the first three months of 2025 was $277.5 million compared with $108.3 million in the year-ago period.In the first quarter of 2025, capital expenditures were $166.6 million compared with $166.8 million in the year-ago period.OGS’ 2025 GuidanceOGS expects to achieve the upper half of the 2025 financial guidance. OGS continues to expect 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 continues to expect 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 RankCurrently, 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 ReleasesNational Fuel Gas Company NFG reported second-quarter fiscal 2025 adjusted operating earnings of $2.39 per share, which surpassed the Zacks Consensus Estimate of $2.18 by 9.6%. The bottom line also increased 33.5% from the year-ago quarter’s reported figure of $1.79.NFG reported sales of $730 million, which missed the Zacks Consensus Estimate of $783 million by 6.8%. However, the top line increased 15.9% from the prior-year recorded figure of $629.9 million.Spire Inc. SR reported second-quarter fiscal 2025 earnings of $3.60 per share, which lagged the Zacks Consensus Estimate of $3.70 by 2.7%. However, the company’s bottom line improved 4.4% from $3.45 reported in the year-ago quarter.Total revenues for the reported quarter were $1.05 billion, which missed the Zacks Consensus Estimate of $1.1 billion by 4%. The top line also decreased 6.8% from $1.13 billion in the year-ago quarter.Upcoming ReleaseAtmos Energy Corp. ATO is scheduled to report fiscal second-quarter 2025 results on May 7, after market close. The Zacks Consensus Estimate for earnings is pegged at $2.92 per share, which indicates a year-over-year improvement of 2.5%.ATO’s long-term (three to five years) earnings growth rate is 7.2%. The Zacks Consensus Estimate for sales is pegged at $1.90 billion, which implies a year-over-year improvement of 15.3%.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 National Fuel Gas Company (NFG): Free Stock Analysis Report Spire Inc. (SR): Free Stock Analysis Report ONE Gas, Inc. (OGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks