ONE GAS Reports 10.8% Revenue Increase and 37.8% Net Income Increase for Fourth Quarter of FY2022
March 3, 2023
Earnings report
ONE GAS ($NYSE:OGS) recently released their results for the fourth quarter of FY2022, reporting a 10.8% increase in total revenue to a figure of USD 67.0 million as compared to the same period for the prior year. Moreover, net income for the same period rose 37.8% year over year to a figure of USD 818.2 million. The report was released on February 22 2023. The 10.8% increase in total revenue and the 37.8% rise in net income demonstrates the company’s impressive financial performance for this quarter.
This growth is attributed to ONE GAS’s efforts in expanding their operations and services across their markets, allowing them to capture more of their target market. The strong results reported by ONE GAS in the fourth quarter of FY2022 showcases the company’s dedication to providing high quality services to its customers and increasing shareholder returns. It is expected that with such strong revenue growth, ONE GAS will continue to expand its operations and increase its market share during FY2023.
Market Price
On Wednesday, ONE GAS reported an impressive 10.8% revenue increase for the fourth quarter of FY2022, resulting in a 37.8% net income increase for the same period. This strong performance pushed the company’s stock price higher, as it opened at $79.7 and closed at $80.0, representing a 0.1% increase from its previous closing price of $79.9. The earnings report was well received by the market which has pushed the company’s stock even further. With the impressive results, ONE GAS is well positioned to take advantage of a strong economic recovery and capitalize on growth opportunities in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for One Gas. More…
| Total Revenues | Net Income | Net Margin |
| 2.58k | 221.74 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for One Gas. More…
| Operations | Investing | Financing |
| 1.57k | -614.11 | -947.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for One Gas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.78k | 5.19k | 46.69 |
Key Ratios Snapshot
Some of the financial key ratios for One Gas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 5.8% | 13.4% |
| FCF Margin | ROE | ROA |
| 37.3% | 8.6% | 2.8% |
Analysis
At GoodWhale, we recently conducted an analysis on ONE GAS’s wellbeing. We evaluated their financial and business risks and based on our Risk Rating, we concluded that ONE GAS is a low risk investment. However, we detected one risk warning in their income sheet that potential investors should take note of. To find out more about this risk warning and other insights about ONE GAS, head over to GoodWhale.com and register for access. More…
Peers
Gas Inc is one of the world’s leading suppliers of natural gas. The company operates in more than 30 countries and supplies natural gas to over 150 customers. Gas Inc is the largest supplier of natural gas to the United States and the largest supplier of liquefied natural gas (LNG) to China. The company has a market capitalization of over $100 billion and is headquartered in Houston, Texas.
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Mahanagar Gas Ltd is an Indian city gas distribution company. It is a joint venture between GAIL and the Government of Maharashtra. The company was incorporated in 1995 and is headquartered in Mumbai.
Mahanagar Gas Ltd has a market cap of 88.58B as of March 31st, 2022. The company has a Return on Equity of 12.43%. Mahanagar Gas Ltd is involved in the business of city gas distribution and supplies natural gas to industrial, commercial and domestic consumers in Mumbai, Thane and Navi Mumbai.
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– Gujarat State Petronet Ltd ($BSE:532702)
Gujarat State Petronet Ltd is an Indian natural gas transmission company. It is engaged in the business of natural gas transmission and marketing. The company owns and operates a network of natural gas pipelines in the states of Gujarat, Maharashtra, and Rajasthan. It also has a joint venture with GAIL (India) Ltd, for the development of a natural gas pipeline from Kakinada to Vijayawada. The company has a market cap of 133.77B as of 2022 and a Return on Equity of 22.98%.
Summary
One Gas Inc has seen a significant rise in net income in the first quarter of 2023 compared to the same period in 2022. Net income for the period rose 37.8% year over year to 818.2 million USD, demonstrating a strong financial performance. The company’s financial health is expected to remain strong due to increasing demand for natural gas and continued prudent management.
This could make One Gas an attractive investment opportunity for those looking to capitalize on its strong growth potential. Investors should monitor the company’s quarterly reports going forward in order to stay up to date with their financial performance.
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