ONE Gas publishes Q3 2026 earnings call transcript
OGS•ONE Gas raised its full-year 2026 adjusted EPS guidance to $4.95-$5.01. Third-quarter adjusted EPS rose 13% to $0.53, and management cited eight late-stage large-load projects representing potential demand of up to 1 Bcf per day.
1. Guidance raised
ONE Gas raised its full-year 2026 adjusted EPS guidance to $4.95-$5.01, citing higher rates, customer growth and improved cost performance. Third-quarter adjusted EPS rose 13% to $0.53, while operating and maintenance expenses were flat year over year.
2. Demand and 2027 outlook
Management said eight large-load projects in late-stage development represent potential demand of up to 1 Bcf per day. It expects below-trend earnings growth in 2027 because Oklahoma's general rate case will replace the annual performance-based rate adjustment.
