Core Insights - The utility sector has experienced a decline, with the State Street Utilities Select Sector SPDR ETF (XLU) trading over 9% below its yearly high [1] Group 1: Market Performance - The utility sector has not performed well in recent months, indicating potential challenges within the industry [1] Group 2: Investment Opportunities - The best profit opportunities in individual stocks are often found in those that are less widely followed or do not accurately reflect current market opportunities [1]

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Company Participation in Investor Conferences - ONE Gas, Inc. will participate in several investor conferences in New York City, including the Mizuho Power, Energy & Infrastructure Conference on December 8, 2025, the Jefferies Gas Utilities Virtual Mini-Conference on December 9, 2025, and the Wells Fargo Midstream, Energy & Utilities Symposium on December 10, 2025 [1][2]. Leadership Engagement - The company's leadership team, including Robert S. McAnnally (CEO), Christopher Sighinolfi (CFO), and Curtis Dinan (COO), will conduct meetings with members of the investment community during these events [2]. Company Overview - ONE Gas, Inc. is a 100-percent regulated natural gas utility, trading on the New York Stock Exchange under the symbol "OGS." It is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States [2]. Customer Base and Service Areas - ONE Gas provides reliable and affordable energy to over 2.3 million customers across Kansas, Oklahoma, and Texas. Its divisions include Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service, which are the largest and third-largest natural gas distributors in their respective states [2].

Core Viewpoint - ONE Gas is conducting a financial guidance conference call to discuss its projections for 2026, indicating a focus on future performance and expectations [2]. Group 1: Financial Guidance - The financial guidance presentation is available on the Investor page of the ONE Gas website, highlighting the company's commitment to transparency and investor communication [2]. - The call includes forward-looking statements regarding ONE Gas's expectations, which are protected under safe harbor provisions, indicating a cautious approach to future projections [3]. Group 2: Leadership Participation - The conference call features key executives including Sid McAnnally (President and CEO), Chris Sighinolfi (Senior VP and CFO), and Curtis Dinan (Senior VP and COO), showcasing the involvement of top management in investor relations [4].

Core Viewpoint - ONE Gas is conducting a financial guidance conference call to discuss its expectations and projections for 2026 [2][3]. Group 1: Company Overview - The conference call features key executives including Sid McAnnally (President and CEO), Chris Sighinolfi (Senior VP and CFO), and Curtis Dinan (Senior VP and COO) [4]. Group 2: Financial Guidance - The financial guidance presentation is available on the Investor page of the ONE Gas website, indicating a structured approach to investor communication [2]. - The call is being webcast live, with a replay available later, emphasizing transparency and accessibility for stakeholders [2]. Group 3: Forward-Looking Statements - Statements made during the call may include forward-looking statements, which are subject to safe harbor provisions under various securities laws, highlighting the company's commitment to regulatory compliance [3]. - Actual results may differ materially from projections, indicating the inherent uncertainties in financial forecasting [3].

ONE Gas (NYSE:OGS) Financial Guidance Conference Call Summary Company Overview - **Company**: ONE Gas - **Event**: 2026 Financial Guidance Conference Call - **Date**: December 02, 2025 Key Points Financial Outlook - **Earnings Per Share (EPS) Growth**: Long-term EPS growth outlook increased to 5% to 7% [4][7] - **2026 Net Income Projection**: Expected to range from $294 million to $302 million, with EPS of $4.65 to $4.77, representing an approximate 8% increase over 2025 guidance [7] - **Five-Year Capital Investment**: Projected at approximately $4.3 billion, supporting a 7% to 9% compound annual rate base growth [8][9] Strategic Initiatives - **Infrastructure Expansion**: Focus on large load demand opportunities across a three-state footprint, enhancing infrastructure while minimizing capital risk [5][4] - **Safety and System Integrity**: Central to the company's strategy, with a planned investment of $800 million in capital for 2026, which is $50 million more than the 2025 plan [8][10] Regulatory Updates - **Texas Rate Case**: A partial settlement reached with a $15 million revenue increase and a 9.8% return on equity [13] - **Oklahoma Rate Case**: Next full rate case planned for 2027 [14] Operational Efficiency - **Operating and Maintenance (O&M) Expenses**: CAGR reduced to 3% to 4%, down from 4% due to successful in-sourcing of positions [14] - **Customer Growth**: Anticipated continued demand for natural gas driven by residential housing growth and economic development [15] Capital Deployment and Financing - **Equity Financing Needs**: Expected to decrease by roughly 35% as the company transitions to a more self-funded model [9][10] - **Dividend Growth**: Anticipated compound annual dividend growth rate of 1% to 2% through 2030, subject to Board approval [12] Project Opportunities - **Natural Gas Supply Projects**: Engaging in projects to supply natural gas for significant electric generation needs, including a project for 100 megawatts of on-site generation and another for up to 1.3 gigawatts [16][17] - **Customer-Funded Projects**: Many projects are either fully or partially funded by customers, reducing financial strain on the company [36] Market Conditions - **Interest Rate Impact**: The company benefits from a reduction in the Fed funds rate, which lowers the cost of commercial paper borrowings [11] - **Balance Sheet Strength**: Maintains a healthy balance sheet with an adjusted CFO to debt ratio expected to improve from approximately 19% to 20% by 2030 [11] Closing Remarks - **Commitment to Stakeholders**: The company emphasizes its commitment to creating value for stakeholders while maintaining affordability and safety for customers [19] Additional Insights - **Forward-Looking Statements**: The call included forward-looking statements covered by Safe Harbor provisions, indicating potential risks and uncertainties [2][3] - **Market Engagement**: The company plans to attend several industry conferences, indicating ongoing engagement with investors and stakeholders [50]

Financial Performance & Outlook - ONE Gas expects net income for 2026 to be in the range of $294 million to $302 million[12] - The company anticipates an EPS range of $4.65 to $4.77 per diluted share, assuming approximately 63.4 million diluted shares outstanding[12] - Long-term net income growth is projected at 7-9% for the 2025-2030 period[21] - Long-term EPS growth is expected to be 5-7%, raised from a previous estimate of 4-6%[21] Capital Investments & Rate Base - 2026 capital investments are estimated at approximately $800 million, with around $230 million allocated to customer growth[12] - The average rate base for 2026 is projected to be approximately $6.3 billion[12] - Capital investments from 2022 to 2026G are: System Integrity ~$2.5 billion, Customer Growth ~$1.2 billion[21] - Average annual rate base growth is expected to be 7-9%[21] Financing Activities - ONE Gas completed a $250 million term loan in August 2025, maturing in September 2026[12] - The company has forward sale agreements covering approximately 2.9 million shares at an average price of ~$78/share, totaling ~$226 million[12, 16] - Net long-term financing needs through 2030 are estimated at ~$1.3 billion, with approximately 30% expected to be equity issuances[14] Market Position - ONE Gas has a 71% market share in Kansas, 89% in Oklahoma, and 13% in Texas[8]

Core Viewpoint - ONE Gas, Inc. has provided financial guidance for 2026, projecting net income between $294 million and $302 million, with a diluted earnings per share of $4.65 to $4.77, while also raising its long-term earnings growth rate to 5% to 7% from the previous 4% to 6% [1][2][5]. 2026 Financial Guidance - The expected net income for 2026 is projected to be in the range of $294 million to $302 million, with a midpoint of $298 million [2][3]. - Earnings per diluted share are anticipated to be between $4.65 and $4.77, with a midpoint of $4.71 [2]. - The guidance reflects benefits from new rates and customer growth, offset by higher operating and depreciation expenses [3]. Capital Investments - Capital investments for 2026 are expected to be approximately $800 million, focusing on system integrity and replacement projects [4]. - An additional $230 million is earmarked for extensions to new customers, driven by growth opportunities in Texas and Oklahoma [4]. - The anticipated average rate base for 2026 is projected at $6.3 billion [4]. Five-Year Financial Growth Rates - For the five years ending in 2030, capital investments are expected to range from $800 million to $900 million annually, totaling approximately $4.3 billion, including $1.2 billion for growth capital [5]. - Average annual net income and diluted earnings per share are expected to increase by 7% to 9% and 5% to 7%, respectively, over the long term [6]. - Operating costs are projected to rise by approximately 3% to 4% per year, a decrease from the previously indicated 4% average annual increase [6]. Financing Needs - The company estimates total net long-term financing needs of approximately $1.3 billion from 2026 to 2030, with around 30% expected to be equity [7]. Dividend Growth - ONE Gas anticipates an average annual dividend growth rate of 1% to 2% through 2030, subject to board approval [9].