Annonce • Feb 24
ONE Gas, Inc. has filed a Follow-on Equity Offering in the amount of $225 million. ONE Gas, Inc. has filed a Follow-on Equity Offering in the amount of $225 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Annonce • Feb 23
ONE Gas, Inc., Annual General Meeting, May 21, 2026 ONE Gas, Inc., Annual General Meeting, May 21, 2026. Annonce • Feb 19
One Gas, Inc. Promotes Curtis L. Dinan to President, Effective March 1, 2026 ONE Gas, Inc. announced that effective March 1, 2026, Curtis L. Dinan, 58, the Company’s senior vice president and chief operating officer, will be promoted to the position of president and chief operating officer and Robert S. McAnnally, 62, the Company’s president and chief executive officer will continue in the role of chief executive officer. Mr. Dinan has served as the Company’s senior vice president and chief operating officer since June 2021. He served as the Company’s senior vice president and chief commercial officer from July 2020 to June 2021, as senior vice president, commercial from February 2019 to July 2020, and as senior vice president and chief financial officer from January 2014 to February 2019. Annonce • Jan 21
ONE Gas, Inc. Increases Quarterly Dividend, Payable on March 6, 2026 The board of directors of ONE Gas, Inc. increased the dividend for the first quarter 2026 by 1 cent per share to 68 cents per share, resulting in an annualized dividend of $2.72 per share. The dividend is payable March 6, 2026, to shareholders of record at the close of business February 20, 2026. Annonce • Dec 02
One Gas, Inc. Provides Earnings Guidance for 2026 ONE Gas, Inc. provided earnings guidance for 2026. For the year, the company expects net income to be in the range of $294 million to $302 million, with earnings per diluted share of $4.65 to $4.77. The midpoints of 2026 guidance are net income of $298 million and earnings per diluted share of $4.71. Annonce • Nov 19
ONE Gas, Inc. Announces Board Changes ONE Gas, Inc. announced that John W. Gibson, 73, will retire from the board and as chair after the Company's Annual Meeting for Shareholders next May. Mr. Gibson has served as chair since ONE Gas' inception in 2014. The board of directors has elected Deborah A.P. Hersman, 55, as chair of the Board, effective May 21, 2026, following a comprehensive succession planning process. Hersman, a seasoned leader, joined the ONE Gas board in 2023. She currently serves as the chair of the Corporate Governance Committee and has played an integral role in shaping governance initiatives. Hersman is the former chair of the National Transportation Safety Board, former chief executive officer of the National Safety Council and most recently served as the chief safety officer of Waymo, Google's self-driving car project. Hersman's election further strengthens the board's diversity of experience and strategic focus. Ms. Hersman joined the ONE Gas board of directors in 2023. Since 2019, she has also served as a director of NiSource, an electric and gas utility serving 3.5 million consumers across six states. From 2019 to 2020, she was Chief Safety Officer /Senior Advisor to Waymo, Google's self-driving car project, a leading company in the mobility sector. Ms. Hersman was the Chief Executive Officer of the National Safety Council from 2014 to 2019. The NSC is America's foremost nonprofit safety advocate focused on eliminating the leading causes of preventable death in workplaces, on the road and in communities. She served as a Board Member of the National Transportation Safety Board from 2004 – 2014 and as NTSB Chairman from 2009 – 2014. The NTSB is internationally recognized for investigations across all modes of transportation. Both President Bush and President Obama nominated her, and she was unanimously confirmed by the Senate four times. She also served as a senior staffer focused on transportation issues in the U.S. House and U.S. Senate from 1992 – 2004, contributing to milestone legislation such as the Transportation Equity Act of the 21 Century, the Pipeline Safety Improvement Act, the Amtrak Reform and Accountability Act and the Motor Carrier Safety Improvement Act which created a new modal administration at the U.S. Department of Transportation. Ms. Hersman earned a B.A. in political science and a B.A. in international studies from Virginia Tech, as well as an M.S. in conflict analysis and resolution from George Mason University. Annonce • Aug 06
ONE Gas, Inc. Raises Earnings Guidance for 2025 ONE Gas, Inc. raised earnings guidance for 2025. For the period, the company's net income expected to be in the range of $261 million to $267 million, compared with its previously announced range of $254 million to $261 million. Earnings per diluted share are expected to be approximately $4.32 to $4.42, compared with the previously announced range of $4.20 to $4.32. The midpoint of 2025 earnings per diluted share guidance increased to $4.37, up from the previous guidance midpoint of $4.26. Annonce • Jul 02
One Gas, Inc. Announces Executive Changes, Effective October 1, 2025 ONE Gas, Inc. announced the retirement of Joseph L. McCormick as senior vice president, general counsel and assistant corporate secretary, effective October 1, 2025. The ONE Gas Board of Directors has elected Regina L. Gregory to succeed McCormick as senior vice president, general counsel and assistant corporate secretary. McCormick has been an integral part of the company's management team for over 20 years, providing invaluable legal guidance and leadership. Before ONE Gas became a stand-alone, publicly traded company separate from ONEOK Inc., he served as associate general counsel of ONEOK. Throughout his tenure, McCormick has significantly shaped the company's legal framework and strategic direction, ensuring robust compliance and governance. Gregory will join ONE Gas' executive leadership team as a senior advisor to the chief executive officer on July 16, 2025, reporting to McAnnally. Gregory and McCormick will collaborate over the following weeks in preparation for Gregory taking her new role on October 1, 2025. Gregory brings a wealth of experience and a proven track record in legal, regulatory and corporate leadership. She most recently served as the executive vice president, general counsel and corporate secretary of Targa Resources Corp. Prior to joining Targa, she served in senior leadership positions at various energy companies and practiced law at the firms of Jones Day and Norton Rose Fulbright. Throughout her career, Gregory has led legal departments and compliance efforts, facilitated major acquisitions and divestitures, managed senior notes and equity offerings, directed complex litigation, developed sustainability strategies, and played critical roles in government affairs and human resources. She was admitted to the Oklahoma Bar in 1999 and the Texas Bar in 1996. She holds a Juris Doctor (JD) from the University of Oklahoma, where she graduated with the Highest Honors, and a B.S. in business and marketing with a minor in finance from the University of Colorado. Annonce • Feb 24
ONE Gas, Inc., Annual General Meeting, May 22, 2025 ONE Gas, Inc., Annual General Meeting, May 22, 2025. Annonce • Jan 22
One Gas, Inc. Announces First Quarter 2025 Dividend, Payable on March 7, 2025 The board of directors of ONE Gas, Inc. increased the dividend for the first quarter 2025 by 1 cent per share to 67 cents per share, resulting in an annualized dividend of $2.68 per share. The dividend is payable March 7, 2025, to shareholders of record at the close of business Feb. 21, 2025. Annonce • Dec 05
ONE Gas, Inc. Provides Earnings Guidance for the Year 2025 ONE Gas, Inc. provided earnings guidance for the year 2025. The Company expects 2025 net income to be in the range of $254 million to $261 million, with earnings per diluted share of $4.20 to $4.32. The midpoints of 2025 guidance are net income of $257 million and earnings per diluted share of $4.26. Declared Dividend • Nov 11
Third quarter dividend of US$0.66 announced Shareholders will receive a dividend of US$0.66. Ex-date: 19th November 2024 Payment date: 4th December 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: US$0.34 (vs US$0.45 in 3Q 2023) Third quarter 2024 results: EPS: US$0.34 (down from US$0.45 in 3Q 2023). Revenue: US$340.4m (up 1.4% from 3Q 2023). Net income: US$19.3m (down 24% from 3Q 2023). Profit margin: 5.7% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. New Risk • Oct 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Upcoming Dividend • Aug 07
Upcoming dividend of US$0.66 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (7.0%). Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$0.48 (vs US$0.59 in 2Q 2023) Second quarter 2024 results: EPS: US$0.48 (down from US$0.59 in 2Q 2023). Revenue: US$354.1m (down 11% from 2Q 2023). Net income: US$27.2m (down 17% from 2Q 2023). Profit margin: 7.7% (down from 8.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Annonce • Aug 06
ONE Gas, Inc. Reaffirms Earnings Guidance for the Year 2024 ONE Gas, Inc. reaffirmed earnings guidance for the year 2024. The company reaffirmed the financial guidance it issued on November 29, 2023, with 2024 net income expected to be in the range of $214 million to $231 million, or $3.70 to $4.00 per diluted share. Declared Dividend • Jul 22
First quarter dividend of US$0.66 announced Shareholders will receive a dividend of US$0.66. Ex-date: 14th August 2024 Payment date: 30th August 2024 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 16
ONE Gas, Inc. Declares Quarterly Dividend, Payable on August 30, 2024 The board of directors of ONE Gas, Inc. declared a quarterly dividend of 66 cents per share of common stock, payable August 30, 2024, to shareholders of record at the close of business August 14, 2024. Annonce • Jul 04
One Gas, Inc. Announces Board Appointments The board of directors of One Gas, Inc. has appointed Yves C. Siegel, CFA, and Sanjay D. Meshri to its board, effective July 2, 2024, bringing the total number of members to nine. Siegel, 64, is the founder and principal of Siegel Asset Management Partners, a New York-based investment advisory firm. Siegel has over 35 years of experience managing significant energy portfolios and launching new investment strategies in energy infrastructure. He earned a B.A. in Economics and an MBA from New York University. As a recognized asset management and investment strategy expert, Siegel contributes to mainstream media, including CNBC, The Wall Street Journal and The New York Times. Meshri, 52, is the former chairperson of Advance Research Chemicals, Inc. (ARC), where he worked for 29 years before his retirement in 2021 when the company was sold to Inhance Technologies, where he serves on the board of directors subsequent to the sale. Meshri also remains the owner and chairperson of Thompson Chemical Corporation and is chairperson of Meshri Holdings. He earned a bachelor's degree in Chemistry from the University of Tulsa and has continued his education at the Massachusetts Institute of Technology (MIT) and Harvard University. He currently serves on the board of directors of Trust Company of Oklahoma. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Debbie Hersman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 13
First quarter dividend of US$0.66 announced Shareholders will receive a dividend of US$0.66. Ex-date: 17th May 2024 Payment date: 4th June 2024 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$1.75 (vs US$1.85 in 1Q 2023) First quarter 2024 results: EPS: US$1.75 (down from US$1.85 in 1Q 2023). Revenue: US$758.3m (down 27% from 1Q 2023). Net income: US$99.3m (down 3.2% from 1Q 2023). Profit margin: 13% (up from 9.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Annonce • May 07
ONE Gas, Inc. Declares Quarterly Dividend, Payable on June 4, 2024 ONE Gas, Inc. board of directors declared a quarterly dividend of $0.66 per share ($2.64 annualized), payable on June 4, 2024, to shareholders of record at the close of business on May 20, 2024. New Risk • May 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (110% net debt to equity). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Buy Or Sell Opportunity • Feb 27
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €53.50. The fair value is estimated to be €67.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. Annonce • Feb 24
ONE Gas, Inc., Annual General Meeting, May 23, 2024 ONE Gas, Inc., Annual General Meeting, May 23, 2024, at 10:00 US Eastern Standard Time. New Risk • Feb 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (110% net debt to equity). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$4.16 (vs US$4.09 in FY 2022) Full year 2023 results: EPS: US$4.16 (up from US$4.09 in FY 2022). Revenue: US$2.37b (down 8.0% from FY 2022). Net income: US$231.2m (up 4.3% from FY 2022). Profit margin: 9.7% (up from 8.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Feb 15
Upcoming dividend of US$0.66 per share at 4.4% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 08 March 2024. Payout ratio is a comfortable 62% and the cash payout ratio is 83%. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.8%). Declared Dividend • Jan 29
Third quarter dividend of US$0.66 announced Shareholders will receive a dividend of US$0.66. Ex-date: 22nd February 2024 Payment date: 8th March 2024 Dividend yield will be 4.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 30
ONE Gas, Inc. Issues Financial Guidance for 2024 ONE Gas announced that the company expects 2024 net income to be in the range of $214 million to $231 million, with earnings per diluted share of $3.70 to $4.00. The midpoint of 2024 guidance is net income of $223 million and earnings per diluted share of $3.85. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.65 per share at 4.2% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 62% and the cash payout ratio is 83%. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.2%). Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: US$0.45 (vs US$0.44 in 3Q 2022) Third quarter 2023 results: EPS: US$0.45 (up from US$0.44 in 3Q 2022). Revenue: US$335.8m (down 6.6% from 3Q 2022). Net income: US$25.2m (up 6.3% from 3Q 2022). Profit margin: 7.5% (up from 6.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Sep 13
ONE Gas, Inc. has completed a Follow-on Equity Offering in the amount of $88.8 million. ONE Gas, Inc. has completed a Follow-on Equity Offering in the amount of $88.8 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: $74 Annonce • Sep 06
ONE Gas, Inc. Appoints Angela E. Kouplen Senior Vice President - Chief Human Resources Officer ONE Gas, Inc. announced that Angela E. Kouplen will join ONE Gas as senior vice president and chief human resources officer, effective Sept. 29, 2023. In her role at ONE Gas, Kouplen will oversee all functions of human resources and be a part of the company's leadership team reporting to Robert S. McAnnally, president and chief operating officer. She brings to the company a diverse background and executive leadership experience having served as an officer of two public companies. Most recently she was vice president of administration and chief information officer at the University of Tulsa. Angela has been an Independent Director for AAON, Inc. (NASDAQ: AAON) since 2016, where she serves as chair of the compensation committee and is a member of the audit committee. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.65 per share at 3.3% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.8%). Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$0.59 (vs US$0.59 in 2Q 2022) Second quarter 2023 results: EPS: US$0.59. Revenue: US$398.1m (down 7.2% from 2Q 2022). Net income: US$32.7m (up 1.9% from 2Q 2022). Profit margin: 8.2% (up from 7.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Gas Utilities industry in Europe. Annonce • Aug 01
ONE Gas, Inc. Reaffirms Earnings Guidance for the Year 2023 ONE Gas, Inc. reaffirmed earnings guidance for the year 2023. The company has reaffirmed its financial guidance issued on Nov. 30, 2022, with 2023 net income and earnings per share expected to be in the range of $224 million to $238 million, and $4.02 to $4.26 per diluted share. Annonce • Jul 18
One Gas Declares Quarterly Dividend,Payable on September 1, 2023 ONE Gas, Inc. declared a quarterly dividend of 65 cents per share of common stock, payable September 1, 2023, to shareholders of record at the close of business August 16, 2023. ONE Gas announced previously that it expects the quarterly dividend to be 65 cents per share in 2023, or $2.60 per share on an annualized basis, with annual dividend growth of 4% to 6% through 2027, and a target dividend payout ratio of 55% to 65% of net income, subject to its board of directors' approval. Annonce • Jun 30
ONE Gas, Inc. Adds New Member to Board of Directors ONE Gas, Inc. has appointed Deborah Hersman to its board of directors, effective June 29, 2023, expanding its board from eight to nine members. Hersman, 53, is the former chair of the National Transportation Safety Board, chief executive officer of the National Safety Council and most recently served as the chief safety officer of Waymo, Google's self-driving car project. She has over 30 years of government, nonprofit and private sector executive leadership experience in transportation, safety and policy. Hersman has experience working on transportation issues in the U.S. House of Representatives and the U.S. Senate, contributing to milestone legislation such as the Transportation Equity Act of the 21st Century, the Pipeline Safety Improvement Act and the Motor Carrier Safety Improvement Act, which created a new modal administration at the U.S. Department of Transportation. Hersman earned a B.A. in political science and a B.A. in international studies from Virginia Tech, and an M.S. in conflict analysis and resolution from George Mason University. She currently serves on the board of directors of NiSource Inc., an electric and gas utility. Upcoming Dividend • May 09
Upcoming dividend of US$0.65 per share at 3.2% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$1.85 (vs US$1.84 in 1Q 2022) First quarter 2023 results: EPS: US$1.85 (up from US$1.84 in 1Q 2022). Revenue: US$1.03b (up 6.2% from 1Q 2022). Net income: US$102.6m (up 3.7% from 1Q 2022). Profit margin: 9.9% (in line with 1Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$4.09 (vs US$3.85 in FY 2021) Full year 2022 results: EPS: US$4.09 (up from US$3.85 in FY 2021). Revenue: US$2.58b (up 43% from FY 2021). Net income: US$221.7m (up 7.4% from FY 2021). Profit margin: 8.6% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 16
Upcoming dividend of US$0.65 per share at 3.2% yield Eligible shareholders must have bought the stock before 23 February 2023. Payment date: 10 March 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.5%). Recent Insider Transactions • Dec 14
Independent Director recently sold €73k worth of stock On the 9th of December, Michael Hutchinson sold around 1k shares on-market at roughly €73.02 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €196k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €67.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 7.1% over the past three years. Annonce • Dec 01
ONE Gas, Inc. Provides Earnings Guidance for the Fiscal Year 2023 ONE Gas, Inc. provides earnings guidance for the fiscal year 2023. For the period, the company expects net income to be in the range of $224 million to $238 million, with earnings per diluted share of $4.02 to $4.26. The midpoint of 2023 guidance is net income of $231 million and earningsper diluted share of $4.14. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. President, CEO & Director Sid McAnnally was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.62 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.0%). Annonce • Nov 03
ONE Gas, Inc. Appoints Brian F. Brumfield as Vice President, Chief Accounting Officer and Controller Effective November 1, 2022, the Board of Directors of ONE Gas, Inc. elected Brian F. Brumfield to serve as the Company’s Vice President, Chief Accounting Officer and Controller. Prior to joining ONE Gas, Mr. Brumfield, 55, served as Controller of Tucson Electric Power/UNS Energy since January 2017. Mr. Brumfield is eligible to participate in the compensation and benefit plans described under “Compensation Discussion and Analysis” on pages 36 through 48 of ONE Gas’ Proxy Statement related to its 2022 Annual Meeting of Shareholders, as originally filed with the United States Securities and Exchange Commission on April 6, 2022 (and such descriptions are incorporated herein by this reference). Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$0.44 (vs US$0.38 in 3Q 2021) Third quarter 2022 results: EPS: US$0.44 (up from US$0.38 in 3Q 2021). Revenue: US$359.4m (up 31% from 3Q 2021). Net income: US$23.7m (up 17% from 3Q 2021). Profit margin: 6.6% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Recent Insider Transactions • Sep 29
Lead Independent Director recently sold €64k worth of stock On the 27th of September, Eduardo Rodriguez sold around 800 shares on-market at roughly €79.78 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €123k more than they bought in the last 12 months. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.62 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.3%). Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.56 in 2Q 2021) Second quarter 2022 results: EPS: US$0.59 (up from US$0.56 in 2Q 2021). Revenue: US$429.0m (up 36% from 2Q 2021). Net income: US$32.1m (up 6.6% from 2Q 2021). Profit margin: 7.5% (down from 9.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 9.7% compared to a 12% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Annonce • Aug 02
ONE Gas Reaffirms Earnings Guidance for the Year 2022 ONE Gas reaffirmed earnings guidance for the year 2022. The company reaffirmed its financial guidance issued on Jan. 18, 2022, with 2022 net income and earnings per share expected to be in the range of $215 million to $227 million, and $3.96 to $4.20 per diluted share. Annonce • Jul 20
ONE Gas, Inc. Declares Quarterly Dividend, Payable on September 1, 2022 The board of directors of ONE Gas, Inc. declared quarterly dividend of 62 cents per share of common stock, payable on September 1, 2022, to shareholders of record at the close of business August 15, 2022. Upcoming Dividend • May 06
Upcoming dividend of US$0.62 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (5.0%). Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$1.84 (vs US$1.79 in 1Q 2021) First quarter 2022 results: EPS: US$1.84 (up from US$1.79 in 1Q 2021). Revenue: US$971.5m (up 55% from 1Q 2021). Net income: US$98.9m (up 3.5% from 1Q 2021). Profit margin: 10% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 7.6% compared to a 6.3% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. President, CEO & Director Sid McAnnally was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
