ONE Gas Reports Strong Q3 Earnings: Key Metrics Reveal Promising Results

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ONE ($NYSE:OGS) Gas, a natural gas distribution company, has recently released its third quarter earnings report and the results are looking promising. The company’s stock has been performing well in the market, and the Q3 earnings report provides valuable insights into the financial health of the company. To understand the significance of ONE Gas’ Q3 earnings, it is important to first have a brief introduction about the company. ONE Gas is one of the largest natural gas utilities in the United States, serving more than 2 million customers in three states: Oklahoma, Kansas, and Texas. The company has a strong track record of consistent earnings growth and has been a top performer in the industry. Now, let’s delve into the details of ONE Gas’ Q3 earnings report. This is an impressive result considering the current economic climate, which has been heavily impacted by the ongoing pandemic. The increase in revenue can be attributed to higher natural gas sales volumes as well as an increase in customer rates. In addition to revenue growth, ONE Gas also reported a significant increase in net income.

This can be attributed to the company’s cost management efforts and effective execution of its business strategies. Another key metric that reveals promising results for ONE Gas is its operating margin. This indicates that the company’s operations are becoming more efficient and profitable. Furthermore, ONE Gas’ earnings per share (EPS) also showed strong growth in Q3. This significant growth in EPS reflects the company’s strong financial performance and its ability to generate value for its shareholders. In conclusion, ONE Gas’ Q3 earnings report has provided valuable insights into the company’s financial performance and overall health. The increase in revenue, net income, operating margin, and EPS are all positive indicators of the company’s strong performance. With a solid track record and promising results, ONE Gas continues to be a top performer in the natural gas industry.

Earnings

ONE Gas, a leading natural gas company, recently released its strong Q3 earnings report for the fiscal year 2023. The report, which covers the period of October 1 to December 31, 2021, revealed promising results for the company. ONE Gas reported a total revenue of 593.74M USD in Q3, showcasing a significant increase compared to the previous quarter. This is a positive sign for the company, as it indicates growth and success in its operations. In terms of net income, ONE Gas also performed well in Q3, earning 60.51M USD. This is an impressive increase from the previous quarter and shows that the company is effectively managing its costs and generating profits. It is worth noting that this net income is a 9.7% decrease from the same period in the previous year.

When examining ONE Gas’s performance over the past three years, it is evident that the company has consistently achieved strong results. In fact, their total revenue has increased from 593.74M USD to 605.92M USD in just three years, indicating steady growth and stability in their operations. Overall, ONE Gas’s Q3 earnings report showcases positive results with an increase in both total revenue and net income. While there has been a slight decrease from the previous year, the company has demonstrated resilience and efficiency in navigating through challenging times. With consistent growth over the past three years, ONE Gas is well-positioned for continued success in the future.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for One Gas. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for One Gas. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for One Gas. More…

Key Ratios Snapshot

Some of the financial key ratios for One Gas are shown below. More…

Share Price

ONE Gas, a leading natural gas utility company, reported strong earnings for the third quarter of the year. This was reflected in the company’s stock performance on Friday, with the stock opening at $73.26 and closing at $73.34. This marks a 0.73% increase from the previous day’s closing price of $72.81. Investors and analysts were encouraged by these promising results, which are indicative of the company’s steady growth and profitability. In addition to the positive movement in the stock price, ONE Gas also reported strong key metrics for the quarter. This can be attributed to higher utility margins and lower operating expenses.

ONE Gas also saw an increase in natural gas sales volumes, which contributed to the overall growth in revenue. These strong earnings and key metrics demonstrate ONE Gas’s continued success in providing reliable and cost-effective natural gas services to its customers. The company remains committed to its long-term growth strategy and is well-positioned for future success. With these promising results, investors can have confidence in ONE Gas as a stable and profitable investment opportunity. Live Quote…

Analysis

As a team at GoodWhale, we have conducted a thorough analysis on the wellbeing of ONE GAS. Our analysis is based on various factors, including the company’s cashflows and debt, asset strength, dividend stability, growth potential, and profitability. From our findings, we have determined that ONE GAS has an intermediate health score of 4/10 on our Star Chart. This indicates that the company may be able to sustain its future operations in times of crisis. This means that the company has valuable physical assets that can be used to generate revenue and support its operations. Additionally, ONE GAS has a stable dividend track record, which is attractive to investors seeking regular income from their investments. This is further supported by the company’s moderate growth potential, as indicated by its score on the Star Chart. This shows that ONE GAS is not a high-growth company, but it has the potential to achieve moderate revenue or earnings growth in the future. Furthermore, ONE GAS has shown medium levels of profitability. This means that the company is generating decent returns on its investments and is able to cover its operating expenses. While this may not be as high as some investors would prefer, it still demonstrates a level of financial stability and could be appealing to those seeking a more conservative investment option. Based on our analysis, we have classified ONE GAS as a ‘rhino’ type of company. This type of company falls under the moderate growth category and is typically characterized by steady revenue or earnings growth. For investors who are looking for a balance between risk and potential returns, ONE GAS may be an attractive option. Overall, our analysis has revealed that ONE GAS may be suitable for investors who are seeking a stable, dividend-paying company with moderate growth potential. Its intermediate health score on our Star Chart also suggests that it may be able to weather potential crises in the future. However, as with any investment, we always recommend conducting further research and consulting with a financial advisor before making any investment decisions. 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.

– Mahanagar Gas Ltd ($BSE:539957)

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.

– RGC Resources Inc ($NASDAQ:RGCO)

RGC Resources Inc is a natural gas company that operates in Virginia and North Carolina. The company has a market cap of 240.64M as of 2022 and a Return on Equity of -13.92%. RGC Resources Inc is engaged in the exploration, production, and distribution of natural gas. The company is also involved in the transportation and storage of natural gas.

– 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, a natural gas distribution company, recently reported its Q3 earnings.

However, its operating margin decreased due to higher operating expenses. The company also saw an increase in customer growth and gas volumes delivered. From an investing perspective, the key metrics that stand out are the increase in revenues and net income, as well as the growth in customers and gas volumes delivered. This indicates a strong performance by ONE Gas and potential for future growth in the natural gas sector.