ONE Gas Q3 revenue falls short of estimates; lifts adjusted EPS guidance for 2026
OGS•ONE Gas reported Q3 revenue of $391.31 million, below the $398.95 million analyst estimate, while adjusted EPS rose from a year earlier. It raised 2026 adjusted EPS guidance to $4.95-$5.01 from $4.89-$4.95 and adjusted net income guidance to $313 million-$317 million.
1. Quarterly results
ONE Gas Q3 revenue rose to $391.31 million but missed the $398.95 million analyst estimate. Adjusted EPS was $0.49, and net income was $31.22 million.
2. Higher 2026 guidance
The company raised its 2026 adjusted net income guidance to $313 million-$317 million from $310 million-$314 million and adjusted EPS guidance to $4.95-$5.01 from $4.89-$4.95. It maintained capital investment guidance at about $800 million.
3. Operating factors
Q3 operating income rose mainly due to higher revenue from new rates and increased residential sales as customers grew in Oklahoma and Texas. Employee-related costs and depreciation and amortization expenses also increased, while capital spending focused on system integrity and service extensions to new areas.
