NYSE$OGS
ONE Gas Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Financial results for the fourth quarter and full year 2023 were announced.
ONE Gas reported a net income of $70.7 million, or $1.27 per diluted share, for the fourth quarter of 2023, compared to $67.0 million, or $1.23 per diluted share, for the fourth quarter of 2022. The company's operating income increased to $107.1 million from $103.6 million in the same period last year, driven by new rates and residential sales growth.
- Fourth quarter 2023 net income was $70.7 million, or $1.27 per diluted share.
- Full year 2023 net income was $231.2 million, or $4.14 per diluted share.
- The company settled under forward contracts 1,032,403 shares of its common stock for net proceeds of $79.0 million.
- ONE Gas increased the dividend for the first quarter 2024 by 1 cent to $0.66 per share ($2.64 annualized).
Headline financials
Revenue & EPS history
ONE Gas · Revenue · Quarterly
$606M
Revenue by segment
ONE Gas · $328M total across 3 segments · Q3 2023
- Natural gas sales$286M-11.4%87.3%
- Transportation revenues$29.6M+5.7%9.0%
- Securitization customer charges$12M—3.7%
Forward guidance
ONE Gas expects 2024 net income to be in the range of $214 million to $231 million, or $3.70 to $4.00 per diluted share. Capital expenditures are projected to be approximately $750 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 2023
+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
| Quarter | Report date | Reaction (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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