NYSE$OGS

ONE Gas Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ONE Gas reported fourth quarter and full year financial results.

ONE Gas announced strong financial results for Q4 2019, with net income rising to $51.2 million, or $0.96 per diluted share, compared to $44.7 million, or $0.84 per diluted share, in Q4 2018. The company's operating income also saw an increase to $82.0 million.

  • Net income for the fourth quarter of 2019 was $51.2 million, or $0.96 per diluted share.
  • Operating income for the fourth quarter of 2019 reached $82.0 million.
  • Capital expenditures and asset removal costs for the fourth quarter of 2019 totaled $121.2 million.
  • The company increased its quarterly dividend by 4 cents to 54 cents per share.

Headline financials

Total Revenue

$453M

Previous: $464M-2.6%
EPS (adj)

$0.96

Previous: $0.84+14.3%
Total customers

2.2M

No prior period
Actual heating degree days

4.1K

No prior period
Capital Expenditures

$112M

Previous: $115M-3.1%
Free Cash Flow

-$89.7M

Previous: -$84.2M-6.6%
Net Income

$51.2M

Previous: $44.7M+14.4%
Operating Income

$82M

Previous: $80.9M+1.4%
Gross Profit

$143M

Previous: $136M+5.1%
Cash & Equivalents

$17.9M

Previous: $21.3M-16.3%
Total Assets

$5.71B

Previous: $5.47B+4.4%
Stock-Based Comp

$2.16M

Previous: $2M+8.1%

Revenue & EPS history

ONE Gas · Revenue · Quarterly

$453M

Q4 2019-2.6%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

ONE Gas · $255M total across 2 segments · Q4 2019

  • Natural gas sales
    $224M
  • Transportation revenues
    $31.2M

Forward guidance

ONE Gas anticipates net income to be in the range of $186 million to $198 million, or $3.44 to $3.68 per diluted share for 2020. Capital expenditures are projected to be approximately $475 million.

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 Q4 2019

Historical avgQ4 2019

+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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