ONE Gas Q4 Revenue Jumps 9.3% to $689.4M, EPS Beats Estimates
ONE Gas reported Q4 revenue of $689.37 million, up 9.3% year-over-year, surpassing estimates by 2.1%, and delivered EPS of $1.48, a 10.4% increase and 4.0% beat. Natural gas sales volumes were 103,700 MMcf versus 104,515 MMcf expected, while transportation revenues rose 4.6% to $39.1 million.
1. Q4 Financial Results
ONE Gas posted Q4 revenue of $689.37 million, up 9.3% year-over-year, beating the consensus by 2.1%. EPS reached $1.48, a 10.4% increase and 4.0% above analyst projections.
2. Sales Volumes vs Estimates
Total natural gas sales volumes were 103,700 MMcf, slightly under the 104,514.7 MMcf estimate. Residential volumes fell to 34,900 MMcf versus 35,944.9 MMcf expected, while other volumes topped forecasts at 800 MMcf.
3. Segment Revenue Trends
Natural gas sales revenues rose 9.7% to $629.1 million, exceeding estimates. Transportation revenues grew 4.6% to $39.1 million but trailed the $47.4 million consensus.
4. Stock Reaction & Outlook
Shares returned 9.1% over the past month, outperforming the S&P 500. Analysts maintain a Hold rating, indicating limited near-term upside.