ONE Gas Q2 Earnings Meet Estimates, Revenues Rise Y/Y, EPS View Up

ONE Gas, Inc. OGS reported second-quarter 2025 operating earnings per share (EPS) of 53 cents, which came in line with the Zacks Consensus Estimate. The figure was 10.4% higher than the year-ago quarter’s earnings of 48 cents.

OGS’ Revenues

ONE Gas recorded revenues of $423.7 million, which surpassed the Zacks Consensus Estimate of $404 million by 4.9%. The top line also increased 19.7% from $354.1 million in the prior-year quarter.

Highlights of OGS’ Earnings Release

Total natural gas volumes delivered were 67.6 billion cubic feet, down 0.9% on a year-over-year basis. OGS served 2,302,000 customers, up 0.8% year over year.

Total operating expenses were $233.9 million, up 9.9% year over year. The increase in expenses was due to a rise in operations and maintenance expenses, depreciation and amortization expenses, as well as general taxes.

Operating income rose 3.7% year over year to $71.9 million.

OGS incurred net interest expenses of $35.3 million, down 4.6% on a year-over-year basis.

OGS’ Financial Highlights

As of June 30, 2025, OGS had cash and cash equivalents of $20.5 million compared with $58 million as of Dec. 31, 2024.

Total long-term debt (excluding current maturities) was $2.37 billion as of June 30, 2025 compared with $2.39 billion as of Dec. 31, 2024.

Cash provided by operating activities in the first six months of 2025 was $448.8 million compared with $250.9 million in the year-ago period.

During the first six months of 2025, capital expenditures were $347.1 million compared with $342.4 million in the year-ago period.

OGS’ 2025 Guidance

OGS raised its 2025 financial guidance. OGS now expects its 2025 net income in the range of $261-$267 million compared with the previous range of $254-$261 million. Earnings per diluted share are now expected in the range of $4.32-$4.42 compared with the previous range of $4.20-$4.32. The Zacks Consensus Estimate for earnings is pegged at $4.29, which lies below the company’s new guided range.

OGS continues to expect capital investments, including asset removal costs, of nearly $750 million.

OGS’ Zacks Rank

Currently, ONE Gas carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Release

Spire Inc. SR reported third-quarter fiscal 2025 earnings of a cent per share, which beat the Zacks Consensus Estimate of a loss of 9 cents by 111.1%. In the year-ago quarter, the company reported a loss of 14 cents.

Total revenues for the reported quarter were $421.9 million, which surpassed the Zacks Consensus Estimate of $413 million by 2.16%. The top line also increased 1.9% from $414.1 million in the year-ago quarter.

Upcoming Releases

Sempra Energy SRE is scheduled to report second-quarter 2025 results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share, which indicates a year-over-year decline of 6.7%.

SRE’s long-term (three to five years) earnings growth rate is 7.9%. The Zacks Consensus Estimate for sales stands at $3.15 billion, which implies a year-over-year improvement of 4.7%.

MDU Resources Group MDU is scheduled to report second-quarter 2025 results on Aug. 7, before market open.

MDU’s long-term earnings growth rate is 6.9%. The Zacks Consensus Estimate for earnings is pegged at 13 cents per share, which calls for a year-over-year decline of 59.4%.

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This article originally published on Zacks Investment Research (zacks.com).

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