ONE Gas Q3 Earnings Decline, Revenue Increases; Narrows 2024 Outlook

MT Newswires Live11-05

ONE Gas (OGS) reported Q3 earnings late Monday of $0.34 per diluted share, down from $0.45 a year earlier.

Analysts polled by Capital IQ expected $0.37.

Revenue for the quarter ended Sept. 30 was $340.4 million, up from $335.8 million a year earlier.

Analysts surveyed by Capital IQ expected $356.8 million.

The company narrowed its 2024 diluted EPS guidance to $3.85 to $3.95 from the previous outlook between $3.70 and $4.

Analysts polled by Capital IQ expect $3.87.

The company said its board kept the quarterly dividend at $0.66 a share. The dividend is payable on Dec. 4 to shareholders of record on Nov. 19.

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