ONE Gas Q3 Earnings Lag Estimates, Revenues Rise Y/Y

Zacks11-05

ONE Gas, Inc. OGS reported third-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 41 cents by 17.1%. The figure also came in 24.4% lower than ...

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The figure also came in 24.4% lower than ...</p>\n\n<a href=\"https://finance.yahoo.com/news/one-gas-q3-earnings-lag-120200728.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ONE Gas Q3 Earnings Lag Estimates, Revenues Rise Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nONE Gas Q3 Earnings Lag Estimates, Revenues Rise Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 20:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/one-gas-q3-earnings-lag-120200728.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ONE Gas, Inc. OGS reported third-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 41 cents by 17.1%. The figure also came in 24.4% lower than ...</p>\n\n<a href=\"https://finance.yahoo.com/news/one-gas-q3-earnings-lag-120200728.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ATO","symbol_name":"ATMOS能源公司","start_time":0,"source_url":"https://finance.yahoo.com/news/one-gas-q3-earnings-lag-120200728.html","article_id":"2481504443","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.4KJ_JoWZoEABzxVVIhjCw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d59b240fca10cb8362aca5b0297bddc2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481504443","pubTimestamp":1730808120,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"ONE Gas, Inc. OGS reported third-quarter 2024 operating earnings per share  of 34 cents, which lagged the Zacks Consensus Estimate of 41 cents by 17.1%. The figure also came in 24.4% lower than the year-ago quarter’s earnings of 45 cents per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.ONE Gas recorded revenues of $340.4 million, which missed the Zacks Consensus Estimate of $363 million by 6.3%. However, the top line increased 1.4% from $335.8 million in the prior-year quarter.ONE Gas, Inc. price-consensus-eps-surprise-chart | ONE Gas, Inc. Quote. Atmos Energy Corp. ATO is scheduled to report fiscal fourth-quarter results on Nov. 6 after market close. The Zacks Consensus Estimate for earnings is pegged at 84 cents per share, which indicates a year-over-year improvement of 5%.ATO’s long-term  earnings growth rate is 7%. The Zacks Consensus Estimate for sales is pegged at $830.7 million, which indicates a year-over-year improvement of 41.4%.National Fuel","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ATO":"ATMOS能源公司","OGS":"ONE Gas Inc"},"translate_title":"ONE Gas第三季度盈利滞后预期，收入同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OGS":1,"ATO":0.9},"content_text":"ONE Gas, Inc. OGS reported third-quarter 2024 operating earnings per share (EPS) of 34 cents, which lagged the Zacks Consensus Estimate of 41 cents by 17.1%. The figure also came in 24.4% lower than the year-ago quarter’s earnings of 45 cents per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nOGS’ Revenues \nONE Gas recorded revenues of $340.4 million, which missed the Zacks Consensus Estimate of $363 million by 6.3%. However, the top line increased 1.4% from $335.8 million in the prior-year quarter.\n\nONE Gas, Inc. Price, Consensus and EPS Surprise\n  \nONE Gas, Inc. price-consensus-eps-surprise-chart | ONE Gas, Inc. Quote\n\nHighlights of the Release \nTotal natural gas volumes delivered were 59.8 billion cubic feet, down 6.9% on a year-over-year basis. OGS served 2,272,000 customers, up 0.9% year over year.Total operating expenses were $221.3 million, up 6.6% year over year. The upside was due to a rise in operations and maintenance, and depreciation and amortization expenses.Operating income increased 3.9% year over year to $59.4 million.OGS incurred net interest expenses of $39.1 million, up 40% on a year-over-year basis.\nOGS’ Financial Highlights \nAs of Sept. 30, OGS had cash and cash equivalents of $18.8 million compared with $18.84 million as of Dec. 31, 2023.Total long-term debt (excluding current maturities) was $2.38 billion as of Sept. 30, compared with $2.16 billion as of Dec 31. 2023.Cash provided by operating activities in the first nine months of 2024 was $305.8 million compared with $842.5 million in the year-ago quarter.Capital expenditures and asset removal costs were $197.7 million compared with $184.3 million in the year-earlier quarter.\nOGS’ 2024 Guidance \nManagement raised and narrowed its financial guidance, with 2024 net income expected in the range of $219-$226 million compared with the previous range of $214-$231. Earnings per diluted share are expected in the range of $3.85-$3.95 per share compared with the previous range of $3.70-$4.00 per share. The Zacks Consensus Estimate for earnings is pegged at $3.86 per share, lower than the mid-point of the company’s guided range.OGS continues to expect capital expenditures, including asset removal costs, of $750 million.\nOGS’ Zacks Rank \nCurrently, ONE Gas carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Releases \nAtmos Energy Corp. ATO is scheduled to report fiscal fourth-quarter results on Nov. 6 after market close. The Zacks Consensus Estimate for earnings is pegged at 84 cents per share, which indicates a year-over-year improvement of 5%.ATO’s long-term (three to five years) earnings growth rate is 7%. The Zacks Consensus Estimate for sales is pegged at $830.7 million, which indicates a year-over-year improvement of 41.4%.National Fuel Gas Company NFG is scheduled to report fiscal fourth-quarter results on Nov. 6 after market close. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share, which indicates a year-over-year improvement of 6.4%.NFG delivered an average earnings surprise of 9.79% in the last four quarters. The Zacks Consensus Estimate for sales is pegged at $482.5 million, which indicates a year-over-year improvement of 30.8%.NewJersey Resources NJR is scheduled to report fiscal fourth-quarter results on Nov. 25 after market close. The Zacks Consensus Estimate for earnings is pegged at 89 cents per share, which indicates a year-over-year improvement of 196.7%.The Zacks Consensus Estimate for sales is pegged at $407 million, which indicates a year-over-year improvement of 22.8%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAtmos Energy Corporation (ATO) : Free Stock Analysis Report\nNational Fuel Gas Company (NFG) : Free Stock Analysis Report\nNewJersey Resources Corporation (NJR) : Free Stock Analysis Report\nONE Gas, Inc. (OGS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481504443"}