Investors looking for stocks in the Utility - Gas Distribution sector might want to consider either Spire (SR) or ONE Gas (OGS) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Sco ...

TULSA, Okla., Dec. 4, 2024 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today issued financial guidance for 2025 and updated its five-year growth rates."We enter 2025 focused on creating long-term value for our stakeholders, supporting growing customer demand, and enhancing the safety and reliability of our system," said Robert S. McAnnally, president and chief executive officer. "Our strategic plan supports a long runway of growth opportunities and investments in system reinforcements."2025 FINANCIAL GUIDANCE ...

It has been about a month since the last earnings report for ONE Gas (OGS) . Shares have added about 7.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is ONE Gas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. ONE Gas Q3 Earnings Lag Estimates, Revenues Rise Y/YON ...

TULSA, Okla., Dec. 2, 2024 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced it will participate in the Jefferies Gas Utilities Mini-Conference virtually on Monday, Dec. 9, 2024, followed by the Mizuho Power, Energy, & Infrastructure Conference in New York City. On Wednesday, Dec. 11, 2024, the ONE Gas executive management team will attend the Wells Fargo Midstream, Energy & Utilities Symposium.Robert S. McAnnally, president and chief executive officer, Christopher Sighinolfi, senior vice president ...

ONE Gas, Inc. (OGS) continues to benefit from strategic investments, 100% regulated operation and an expanding customer base. Given its growth opportunities, OGS makes for a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.OGS’ Growth ProjectionsThe Zacks Consensus Estimate for 2024 earnings per share (EPS) has increased 0.8% in the past 30 days to $3.87.The Zacks Consensus Estimate for fourth-quarter 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024. OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------- ...

Financial Data and Key Metrics Changes - The company raised its earnings per share (EPS) guidance for 2024 to a range of $3.85 to $3.95, which is $0.05 higher at the midpoint than the original guidance [5] - Net income for the third quarter was $19.3 million or $0.34 per diluted share, compared to $25.2 million or $0.45 in the same period last year [12] - Operations and maintenance (O&M) expenses were up 5% year-to-date compared to 2023, consistent with long-term guidance but slightly favorable to the 2024 plan [9][12] Business Line Data and Key Metrics Changes - The company experienced a $17.5 million increase in revenue from new rates, partially offset by an $11.5 million increase in interest expense [12] - The Kansas rate case settlement resulted in a net increase of $35 million, with new rates effective from November 1 [16] - The Central Gulf rate case in Texas is pending final commission approval, which includes a $19.3 million rate increase [17] Market Data and Key Metrics Changes - The company noted a firming in customer activity towards the end of 2024, although higher mortgage rates have slowed down homebuyer movement [25][26] - There has been a pickup in housing permits, indicating a potential recovery in the market [26] Company Strategy and Development Direction - The company plans to continue executing its financial plan in line with the updated guidance and aims to finish 2024 within the planned capital budget of $750 million [18][15] - The focus remains on operational execution and regulatory outcomes to support growth and maintain a strong balance sheet [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a strong finish to the year and the opportunities that await in 2025 [19] - The company is not assuming any further rate cuts for 2024 in its guidance, despite recent Fed actions [32] Other Important Information - The Board of Directors declared a dividend of $0.66 per share, unchanged from the prior quarter [15] - The company has satisfied its 2024 equity needs through forward settlement agreements covering approximately 3.6 million shares [13] Q&A Session Summary Question: Timing of 2025 guidance - Management confirmed that guidance for 2025 will be issued in December, following a cadence established to allow for open discussion before the December Utility Week meetings [20] Question: O&M expense trajectory - Management indicated that a declining trajectory in O&M expenses is expected moving forward, with successful cost management efforts yielding favorable results [21] Question: Rate base cadence and filings - Management stated that a full rate case filing in Oklahoma is required by June 30, 2027, and that Kansas will continue with annual GSRS filings [22][23] Question: Customer growth trends - Management noted a slight firming in customer activity but acknowledged the impact of higher mortgage rates on homebuyer movement [25][26] Question: Interest expense and long-term debt - Management discussed plans to reduce commercial paper balances through upcoming financing settlements and emphasized the importance of matching long-term financing needs [27][28] Question: Bad debt expense normalization - Management indicated that bad debt expenses have normalized and are back to regular functioning, with no significant changes expected [29]

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.OGS’ Revenues 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 i ...

ONE Gas (OGS) reported $340.4 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.4%. EPS of $0.34 for the same period compares to $0.45 a year ago.The reported revenue represents a surprise of -6.32% over the Zacks Consensus Estimate of $363.35 million. With the consensus EPS estimate being $0.41, the EPS surprise was -17.07%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

ONE Gas (OGS) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -17.07%. A quarter ago, it was expected that this natural gas distribution would post earnings of $0.49 per share when it actually produced earnings of $0.48, delivering a surprise of -2.04%.Over the last four quarters, the ...