ONE Gas, Inc. Provides Earnings Guidance for the Year 2019; Narrows Earnings Guidance for the Year 2018
January 15, 2019 at 04:46 pm EST
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ONE Gas, Inc. provided earnings guidance for the year 2018 and 2019. For the year 2019, the company's net income is expected to be in the range of $174 million to $190 million, or $3.27 to $3.57 per diluted share. The midpoint for it's 2019 net income guidance is $182 million, or $3.42 per diluted share.
The company also narrowed its 2018 net income guidance to $3.23 to $3.27 per diluted share, compared with its previously announced range of $3.15 to $3.35 per diluted share. The narrowed 2018 guidance also incorporates the recently issued order in Oklahoma.
ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company operates through a single segment, regulated public utilities, which delivers natural gas to residential, commercial and transportation customers. The Company provides natural gas distribution services to approximately 2.3 million customers. The Company has three divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It primarily serves residential, commercial and transportation customers in all three states. The Companyâs natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. It distributes natural gas to approximately 89%, 71% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.
ONE GAS, INC. 
