NYSE$OGS

ONE Gas Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

ONE Gas reported an increase in net income and operating income compared to the same period last year, driven by new rates and customer growth.

ONE Gas announced its first quarter 2022 financial results, reporting a net income of $98.9 million, or $1.83 per diluted share, compared to $95.6 million, or $1.79 per diluted share, in the first quarter of 2021. The company affirmed its 2022 financial guidance and declared a quarterly dividend of $0.62 per share.

  • Net income for the first quarter 2022 was $98.9 million, or $1.83 per diluted share.
  • Heating degree days were 9% colder than normal and 2% colder than the same period last year.
  • A quarterly dividend of $0.62 per share was declared.
  • Maintenance and growth capital programs were on track.

Headline financials

Total Revenue

$971M

Previous: $625M+55.4%
EPS (adj)

$1.83

Previous: $1.79+2.2%
Total customers

2.3M

Previous: 2.2M+0.9%
Actual heating degree days

5.7K

Previous: 5.6K+1.8%
Capital Expenditures

$113M

Previous: $99.1M+14.3%
Free Cash Flow

-$5.67M

Previous: -$1.76B+99.7%
Net Income

$98.9M

Previous: $95.6M+3.5%
Operating Income

$141M

Previous: $130M+8.0%
Gross Profit

$216M

Previous: $200M+8.0%
Cash & Equivalents

$12.4M

Previous: $705M-98.2%
Total Assets

$8.47B

Previous: $8.68B-2.4%
Stock-Based Comp

$2.7M

Previous: $2.59M+4.2%

Revenue & EPS history

ONE Gas · Revenue · Quarterly

$971M

Q1 2022+55.4%vs Q1 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

ONE Gas · $964M total across 2 segments · Q1 2022

  • Natural gas sales
    $927M+245.0%
  • Transportation revenues
    $36.8M+1.7%

Forward guidance

ONE Gas affirmed its financial guidance issued on Jan. 18, 2022, with 2022 net income and earnings per share expected to be in the range of $215 million to $227 million, and $3.96 to $4.20 per diluted share. Capital expenditures, including asset removal costs, are expected to be approximately $650 million for 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-0.6%

Avg return

30 days after

60%

31 / 52 earnings

Positive

+6.7%

Q3 2020

Best reaction

-4.1%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%-4.2%-12.9%
Q4 2025+1.8%+1.7%-0.1%
Q3 2025+0.1%+0.9%-3.4%
Q1 2025+3.6%-1.5%-6.2%
Q4 2024-0.2%+3.1%+0.9%
Q3 2024+0.7%+4.7%+7.0%
Q1 2024-0.9%-2.0%-6.1%
Q4 2023+0.2%-3.7%+3.1%
Q3 2023-1.8%+1.1%-4.3%
Q2 2023-1.6%-2.3%-6.8%
Q1 2023+1.8%+4.9%+5.2%
Q4 2022+0.5%+1.2%-3.6%
Q3 2022+3.7%+4.8%+12.6%
Q2 2022-2.3%-5.1%-7.9%
Q1 2022-1.6%+0.9%+2.8%
Q4 2021+0.3%+7.4%+12.3%
Q3 2021+2.0%+2.9%-4.2%
Q2 2021+1.5%+0.6%-1.3%
Q1 2021-0.9%-2.6%-7.0%
Q4 2020-4.1%-1.5%+7.4%
Q3 2020+6.7%+2.9%+14.6%
Q2 2020+0.2%-2.0%-4.7%
Q1 2020-2.7%-9.6%-5.5%
Q4 2019-1.7%-3.1%-29.7%
Q3 2019-2.0%-2.1%-4.7%
Q2 2019+1.0%+0.2%-1.2%
Q1 2019+0.6%+0.8%-1.9%
Q4 2018+0.6%+2.4%+6.1%
Q3 2018+1.1%-3.0%+4.1%
Q2 2018+2.2%+1.2%+4.5%
Q1 2018+3.2%+5.4%+7.3%
Q4 2017-3.1%-2.2%-6.1%
Q3 2017+0.7%-0.0%+2.3%
Q2 2017+1.6%+1.4%+2.9%
Q1 2017+1.0%+0.7%+2.6%
Q4 2016+2.4%+1.9%+4.6%
Q3 2016-1.4%-2.6%+0.3%
Q2 2016-1.5%-2.2%-5.7%
Q1 2016+2.5%
Q4 2015+0.5%
Q3 2015-0.8%
Q2 2015+3.0%
Q1 2015+1.7%
Q4 2012-0.2%
Q4 2014-0.2%
Q3 2014+1.9%
Q3 2013+1.9%
Q4 2013-3.2%
Q2 2014-3.2%
Q2 2013-3.2%
Q1 2013+0.7%
Q1 2014+2.9%
Q2 2012

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