ONE Gas (OGS) Tops Q1 EPS by 2c, Reaffirms Guidance

ONE Gas (NYSE: OGS) reported Q1 EPS of $1.22, $0.02 better than the analyst estimate of $1.20.

2016 FINANCIAL GUIDANCE REAFFIRMED

ONE Gas reaffirmed its 2016 financial guidance, with net income expected to be in the range of $127 million to $137 million, or approximately $2.40 to $2.60 per diluted share.

Capital expenditures are expected to be approximately $305 million in 2016. More than 70 percent of these expenditures are targeted for system integrity and replacement projects.

Rate base in 2016 is expected to average $2.9 billion with 43 percent in Oklahoma, 31 percent in Kansas and 26 percent in Texas.

For earnings history and earnings-related data on ONE Gas (OGS) click here.

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