Overview

* ONE Gas ( OGS ) Q2 revenue missed analyst expectations, despite growth in operating income

* Net income for Q2 2025 rises to $32 mln, EPS at $0.53

* Co raises 2025 EPS guidance, reflecting strong operational performance

Outlook

* ONE Gas ( OGS ) raises 2025 EPS guidance to $4.32-$4.42

* Company expects 2025 net income between $261 mln and $267 mln

* ONE Gas ( OGS ) maintains 2025 capital expenditure forecast at $750 mln

Result Drivers

* NEW RATES - Operating income increase driven by $21.1 mln from new rates

* SALES VOLUME - Higher sales volumes contributed $2.1 mln to operating income

* CUSTOMER GROWTH - Residential sales up $1.5 mln due to customer growth in Oklahoma and Texas

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $423.74 $531.60

Revenue mln mln (2

Analysts

)

Q2 EPS $0.53

Q2 Net $32.03

Income mln

Q2 $0.67

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the natural gas utilities peer group is "buy"

* Wall Street's median 12-month price target for ONE Gas Inc ( OGS ) is $76.50, about 4.2% above its August 4 closing price of $73.31

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)