ONE Gas (OGS) Tops Q3 EPS by 8c, Reaffirms FY17 EPS Guidance

ONE Gas (NYSE: OGS) reported Q3 EPS of $0.36, $0.08 better than the analyst estimate of $0.28. Revenue for the quarter came in at $0 , versus $0 reported last year.

2017 FINANCIAL GUIDANCE AFFIRMED

ONE Gas affirmed its 2017 financial guidance, which was updated July 31, 2017, with net income expected to be in the range of $155 million to $161 million, or approximately $2.94 to $3.04 per diluted share.

Capital expenditures are expected to be within a range of $350 million to $360 million in 2017. More than 70 percent of these expenditures are targeted for system integrity and replacement projects.

GUIDANCE:

ONE Gas sees FY2017 EPS of $2.94-$3.04, versus the consensus of $2.98.

Highlights include:

• Third-quarter 2017 net income was $18.8 million, or $0.36 per diluted share, compared with $12.7 million, or $0.24 per diluted share, in the third quarter 2016; and
• The board of directors declared a quarterly dividend of 42 cents per share, or $1.68 per share on an annualized basis, payable on Dec. 1, 2017, to shareholders of record at the close of business on Nov. 13, 2017.

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

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