ONE Gas (OGS) Reports In-Line Q3 EPS, Offers Guidance

ONE Gas (NYSE: OGS) reported Q3 EPS of $0.09, in-line with the analyst estimate of $0.09.

2014 FINANCIAL GUIDANCE INCREASED

ONE Gas 2014 net income is expected to be in the range of $105 million to $110 million, compared with its previously announced range of $95 million to $105 million. The increased guidance reflects higher net margin from the colder-than-normal weather experienced in the first quarter 2014, residential customer growth, and lower interest expense; offset partially by higher operating expenses, including costs associated with the separation from ONEOK, compared with the guidance provided on Dec. 2, 2013.

The midpoint for ONE Gas' 2014 net income guidance increased to $107 million, compared with its previous guidance midpoint of $100 million. The midpoint for ONE Gas' 2014 operating income guidance increased to $223 million, compared with its previous midpoint of $217 million.

Capital expenditures are expected to be at the high end of the previously announced range of $240 million to $285 million for 2014.

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

You May Also Be Interested In

• Star Equity Holdings (STRR) Misses Q2 EPS by 8c
• Instil Bio Inc. (TIL) Misses Q2 EPS by 21c
• Workhorse Group (WKHS) Misses Q2 EPS by 77c