Q3 2025 ONE Gas Inc Earnings Call Transcript

Nov 4, 2025 / 04:00 PM GMT

Release Date Price: MXN1072.02

Transcript 10-Q8-K

Key Points

Positve

ONE Gas Inc (OGS) raised its full-year guidance due to strong year-to-date financial performance and the impact of Texas House Bill 4384.
The Austin System Reinforcement Project was completed ahead of schedule, under budget, and without any lost time injuries, enhancing winter peak capacity by approximately 25%.
Net income for the third quarter increased to $26.5 million, or $0.44 per diluted share, compared to $19.3 million, or $0.34 per share, in the same period last year.
The company has fully satisfied its 2025 equity needs and covered a portion of 2026 through existing forwards, representing approximately 40% of its planned five-year equity needs.
ONE Gas Inc (OGS) enhanced its liquidity by increasing the size of its revolving credit facility to $1.5 billion and extending the facility's maturity to October 2030.

Negative

Operating and maintenance expenses increased by approximately 4.9% year over year, primarily due to higher labor costs and executing certain activities earlier than planned.
The company tightened its 2025 earnings forecast, reducing the top end by $0.02 due to additional operating and maintenance expenses.
Interest expense net decreased by $3.4 million year over year, primarily due to lower rates on commercial paper borrowings, indicating potential volatility in interest expenses.
The company faces challenges in managing the timing of capital deployment, as capital deployment is not uniform throughout the year.
There is a temporary increase in costs associated with onboarding and training new employees as part of insourcing initiatives, which could impact short-term financials.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OGS.N - ONE Gas Inc
Q3 2025 ONE Gas Inc Earnings Call
Nov 04, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to One gas 3rd quarter earnings conference call.

Today's conference is being recorded.

And at this time I would like to turn the conference over to Erin Daly. Please go ahead, Miss Daly.

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Unidentified_2 [2]
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Thank you, Elliot. Good morning and thank you for joining us on our third quarter 2025 earnings conference call. This call is being webcast live, and a replay will be available later today.

After our prepared remarks, we're happy to take your questions.

Statements made during this call that might include one

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