ONE Gas to Participate in UBS, Morgan Stanley and Jefferies Conferences [Accessibility Statement] Skip NavigationTULSA, Okla., Feb. 24, 2026 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced that it will participate in several upcoming investor conferences. The company will attend the UBS Midwest Utilities Conference on Wednesday, February 25, 2026, in Chicago, Illinois, followed by the Morgan Stanley Energy and Power Conference on Monday, March 2, 2026, and the Jefferies Power, Energy, Clean Energy ...

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Core Viewpoint - ONE Gas, Inc. has announced the date for its 2026 Annual Meeting of Shareholders, which will be held virtually on May 21, 2026, at 10 a.m. Eastern Daylight Time [1] Company Information - ONE Gas, Inc. is a 100-percent regulated natural gas utility and trades on the New York Stock Exchange under the symbol "OGS" [1] - The company is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States [1] - Headquartered in Tulsa, Oklahoma, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas [1] Divisions - The company operates through three divisions: - Kansas Gas Service, the largest natural gas distributor in Kansas - Oklahoma Natural Gas, the largest in Oklahoma - Texas Gas Service, the third largest in Texas by customer count [1] Meeting Details - The record date for determining shareholders entitled to receive notice and vote at the meeting is set for March 23, 2026 [1] - The meeting will be accessible via audio webcast on the ONE Gas website [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission file number 001-36108 ONE Gas, Inc. | (Exact name of registrant as specified in its charter) | | --- | Oklahoma 46-3561936 Registrant's ...

Financial Data and Key Metrics Changes - For the full year 2025, net income totaled $264 million, or $4.37 per diluted share, compared to $223 million and $3.91 in 2024, representing a year-over-year increase of approximately 18.4% in net income and 11.8% in EPS [6][10] - Adjusted net income for the fourth quarter was $90 million, or $1.48 per diluted share, compared with $78 million and $1.35 in the same period in 2024, indicating a 15.4% increase in adjusted net income and 9.6% in adjusted EPS [9][10] - Capital expenditures totaled $760 million for the year, reflecting the company's commitment to growth and infrastructure investment [6][15] Business Line Data and Key Metrics Changes - The company completed $760 million worth of capital investment projects during 2025, with $170 million dedicated to serving its growing customer base [15] - O&M expenses for the full year were up approximately 5% over 2024, slightly above the 4% CAGR guidance [11] Market Data and Key Metrics Changes - The company serves approximately 2.3 million customers, with a consistent addition of about 23,000 new residential customers each year [4][16] - Over 80% of the gas supply needed during Winter Storm Fern was shielded from temporary price increases, demonstrating the effectiveness of the company's supply strategies [5] Company Strategy and Development Direction - The company is focused on enhancing reliability and reducing the impact of price fluctuations on customers through increased storage capacity and diversified gas supply [4][5] - The introduction of non-GAAP adjustments to financial reports aims to provide a clearer view of performance within the Texas regulatory model [6][9] - The company plans to leverage its competitive advantages in regulatory transparency and existing assets to secure new projects [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting or surpassing EPS guidance for the 12th consecutive year, with a long-term adjusted net income growth expectation of 7%-9% and adjusted EPS growth of 5%-7% [5][10] - The company anticipates a $12 million variance in adjusted net income due to the impact of Texas House Bill 4384, which will be reflected in future financial reports [9] Other Important Information - The Texas Railroad Commission approved a $14.4 million revenue increase and a 9.8% return on equity, consolidating the company's Texas jurisdictions into a single statewide division [14] - The company has maintained strong credit ratings, with S&P affirming its A- credit rating and Moody's affirming its A3 rating [12] Q&A Session Summary Question: Inquiry about non-GAAP adjustments and their impact on capital structure - Management explained that the adjustments were introduced following the finalization of Texas legislation and do not significantly impact capital market plans initially, as they are more related to earnings than cash flow [24][26] Question: Discussion on growth opportunities and competitive landscape - Management highlighted the importance of having a competitive advantage in serving new facilities and emphasized regulatory transparency as a key differentiator [27][28] Question: Clarification on potential benefits from proposed Kansas legislation - Management noted that the proposed legislation would expand the types of capital included in filings, potentially increasing customer impact from $0.80 to $1.35 per month [34][35] Question: Confirmation of guidance assumptions based on Texas rate case outcome - Management confirmed that the guidance for adjusted EPS does incorporate the latest Texas rate case outcome [45] Question: Inquiry about cash recovery related to regulatory adjustments - Management clarified that while the accrual and deferral do not directly translate to cash, once included in the GRIP filing, it will result in larger cash flow items [46]

ONE Gas (NYSE:OGS) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsChris Sighinolfi - CFOCurtis Dinan - President and COOErin Dailey - VP of Investor RelationsSid McAnnally - CEOConference Call ParticipantsDavid Arcaro - AnalystGabe Moreen - AnalystPaul Zampardo - AnalystOperatorGood day, everyone. ONE Gas fourth quarter and year-end 2025 earnings conference call and webcast will begin shortly. Good day, and welcome to the ONE Gas fourth quarter and year-end 2025 earnings conference ...

Financial Data and Key Metrics Changes - For the full year 2025, net income totaled $264 million, or $4.37 per diluted share, compared to $223 million and $3.91 in 2024, representing a year-over-year increase of approximately 18.4% in net income and 11.8% in EPS [6][10] - Adjusted net income for the fourth quarter was $90 million, or $1.48 per diluted share, compared with $78 million and $1.35 in the same period in 2024, indicating a 15.4% increase in adjusted net income and 9.6% in adjusted EPS [9][10] - Capital expenditures totaled $760 million for the year, with O&M expenses up approximately 5% over 2024, slightly above the 4% CAGR guidance [6][11] Business Line Data and Key Metrics Changes - The company completed $760 million worth of capital investment projects during 2025, with $170 million dedicated to serving a growing customer base [16] - The company added about 23,000 new residential customers each year, which helps spread costs more efficiently and maintain affordability [17] Market Data and Key Metrics Changes - The company delivered over 3 billion cubic feet of gas to customers during Winter Storm Fern, with over 80% of the gas supply shielded from temporary price increases due to strategic investments [4][5] - The Texas Railroad Commission approved a $14.4 million revenue increase, a 9.8% return on equity, and a 59.9% equity ratio [14] Company Strategy and Development Direction - The company is focused on disciplined execution of its capital plan to support growth while ensuring affordability, safety, and reliability [16] - The introduction of non-GAAP adjustments to financial reports aims to provide a clearer view of performance within the Texas regulatory model [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting or surpassing EPS guidance for the 12th consecutive year, with long-term adjusted net income growth expected at 7%-9% and adjusted EPS growth at 5%-7% [5][10] - The company anticipates a $12 million variance in adjusted net income due to the impact of Texas House Bill 4384, which will be reflected in future financial reports [9] Other Important Information - The company has broken ground on a project to serve an advanced manufacturing plant outside of El Paso, expected to be in service by the third quarter of this year [17] - The company is also supporting proposed legislation in Kansas to allow for more efficient recovery of capital investments [15] Q&A Session Summary Question: Inquiry about non-GAAP adjustments and their impact on capital structure - Management explained that the timing of the adjustments was influenced by the finalization of Texas legislation and that it does not significantly affect capital market plans initially [25][27] Question: Competitive landscape regarding growth opportunities - Management highlighted the importance of having a competitive advantage in serving facilities and noted that regulatory transparency often serves as a tiebreaker against midstream providers [28][30] Question: Potential benefits from proposed Kansas legislation - Management indicated that the proposed bill would expand the types of capital included in filings, potentially increasing customer impact from $0.80 to $1.35 per month [36][39] Question: Guidance assumptions regarding Texas rate case outcomes - Management confirmed that the guidance for adjusted EPS levels incorporates the latest Texas rate case outcome [45] Question: Cash component of regulatory adjustments - Management clarified that while the accrual and deferral do not directly translate to cash, they will lead to larger cash flow items once included in future filings [46]

Core Insights - ONE Gas, Inc. (OGS) reported Q4 2025 operating earnings per share (EPS) of $1.48, exceeding the Zacks Consensus Estimate of $1.42 by 4% and up from $1.35 in the same quarter last year [1] - OGS achieved adjusted earnings of $4.48 per share for 2025, reflecting a year-over-year increase of 13.71% compared to $3.94 in 2024 [1] Revenue Performance - OGS recorded revenues of $689.4 million in Q4 2025, surpassing the Zacks Consensus Estimate of $675 million by 2.1% and increasing by 9.31% from $630.7 million in the prior-year quarter [2] - Total revenues for 2025 reached $2.43 billion, a 16.5% increase from $2.08 billion in 2024 [2] Operational Highlights - Total natural gas volumes delivered were 103.7 billion cubic feet, marking a 1.27% year-over-year increase [3] - OGS served 2,290,000 customers, reflecting a 0.57% increase year over year [3] - Total operating expenses amounted to $257.7 million, up 6.22% from $242.7 million in the year-ago quarter, driven by higher operations and maintenance expenses, depreciation, and general taxes [3] Financial Metrics - Operating income totaled $139.7 million, a 12.41% increase from $124.3 million in the previous year [4] - Net interest expenses were $36.5 million, down 8.30% from $39.8 million in the year-ago quarter [4] Cash Flow and Debt - As of December 31, 2025, OGS had cash and cash equivalents of $10.6 million, down from $58 million as of December 31, 2024 [5] - Total long-term debt was $2.36 billion as of December 31, 2025, compared to $2.39 billion a year earlier [5] - Cash provided by operating activities during 2025 was $578.8 million, up from $368.4 million in the previous year [5] - Capital expenditure for the year totaled $707.2 million, slightly up from $703.2 million in 2024 [5] Future Guidance - OGS expects its 2026 adjusted net income to be in the range of $306-$314 million, with adjusted earnings projected between $4.83 and $4.95 per share [6] - The consensus estimate for earnings is pegged at $4.71, which is below the company's guidance range [7] - OGS plans to make capital investments of up to $800 million in 2026 to maintain system integrity and support replacement projects [7]

Core Insights - ONE Gas reported revenue of $689.37 million for the quarter ended December 2025, reflecting a 9.3% increase year-over-year and a 2.1% surprise over the Zacks Consensus Estimate of $675.21 million [1] - The earnings per share (EPS) for the quarter was $1.48, up from $1.34 in the same quarter last year, with a surprise of 4.04% over the consensus estimate of $1.42 [1] Financial Performance Metrics - Natural gas sales volumes for transportation were reported at 56,800.00 MMcf, below the average estimate of 58,722.75 MMcf [4] - Total sales volumes delivered were 46,900.00 MMcf, exceeding the average estimate of 45,791.98 MMcf [4] - Total volumes delivered were 103,700.00 MMcf, slightly below the average estimate of 104,514.70 MMcf [4] - Residential natural gas sales volumes were 34,900.00 MMcf, compared to the average estimate of 35,944.91 MMcf [4] - Commercial and industrial sales volumes were reported at 11,200.00 MMcf, close to the average estimate of 11,281.46 MMcf [4] - Total customers were reported at 2,290, slightly below the average estimate of 2,292 [4] Revenue Breakdown - Transportation revenues were $39.1 million, lower than the average estimate of $47.38 million, but showed a year-over-year increase of 4.6% [4] - Natural gas sales revenues reached $629.1 million, surpassing the average estimate of $580.05 million, marking a year-over-year increase of 9.7% [4] Stock Performance - ONE Gas shares have returned +9.1% over the past month, contrasting with the Zacks S&P 500 composite's -1.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

分组1 - ONE Gas reported quarterly earnings of $1.48 per share, exceeding the Zacks Consensus Estimate of $1.42 per share, and up from $1.34 per share a year ago, representing an earnings surprise of +4.04% [1] - The company posted revenues of $689.37 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.10%, compared to $630.7 million in the same quarter last year [2] - ONE Gas shares have increased approximately 11% since the beginning of the year, while the S&P 500 has shown no return [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $2.14 on revenues of $957.86 million, and for the current fiscal year, it is $4.71 on revenues of $2.54 billion [7] - The Zacks Industry Rank for Utility - Gas Distribution is currently in the bottom 45% of over 250 Zacks industries, indicating potential challenges for stock performance [8]