ONE Gas (OGS) Tops Q1 EPS by 9c

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Go back to ONE Gas (OGS) Tops Q1 EPS by 9c

ONE Gas Announces First-quarter 2017 Financial Results

May 1, 2017 4:05 PM EDT

TULSA, Okla., May 1, 2017 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced its first-quarter 2017 financial results; declared its quarterly dividend; and affirmed its 2017 financial guidance.

Highlights include:

First-quarter 2017 net income was $76.5 million, or $1.44 per diluted share, compared with $64.7 million, or $1.22 per diluted share, in the first quarter 2016; The adoption of a new share-based payment accounting standard in the first quarter 2017 resulted in a $5.2 million tax benefit, which contributed earnings of 10 cents per diluted share; Actual heating degree days across the company's service areas were... More