One Gas, Inc. Provides Earnings Guidance for the Financial Year 2021 and 2022
January 18, 2022 at 04:20 pm EST
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ONE Gas, Inc. provided earnings guidance for the financial year 2021 and 2022. For the year 2021, the company expects earnings of $3.83 to $3.87 per diluted share from the previous range of $3.80 to $3.90 per diluted share. Net income is now expected to be in the range of $206 million to $208 million.
For the year 2022, the company expects net income to be in the range of $215 million to $227 million, with earnings per diluted share of $3.96 to $4.20. The midpoint of 2022 guidance is net income of $221 million and earnings per diluted share of $4.08.
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.
ONE GAS, INC. 
