ONE Gas, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 05:16 pm EDT
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ONE Gas, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 335.82 million compared to USD 359.36 million a year ago. Net income was USD 25.19 million compared to USD 23.7 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.44 a year ago.
For the nine months, sales was USD 1,766.07 million compared to USD 1,759.8 million a year ago. Net income was USD 160.5 million compared to USD 154.71 million a year ago. Basic earnings per share from continuing operations was USD 2.89 compared to USD 2.86 a year ago. Diluted earnings per share from continuing operations was USD 2.87 compared to USD 2.85 a year ago.
ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company operates through a single segment, regulated public utilities, which delivers natural gas to residential, commercial and transportation customers. The Company provides natural gas distribution services to approximately 2.3 million customers. The Company has three divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It primarily serves residential, commercial and transportation customers in all three states. The Companyâs natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. It distributes natural gas to approximately 89%, 71% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.