Benzinga | Jul 27, 2020 04:52PM EDT

ONE Gas: Q2 Earnings Insights

Shares of ONE Gas (NYSE:OGS) rose 0.04% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 4.35% over the past year to $0.48, which beat the estimate of $0.45.

Revenue of $273,287,000 declined by 5.94% from the same period last year, which missed the estimate of $274,510,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $3.44 and $3.68.

ONE Gas hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $96.97

Company's 52-week low was at $63.67

Price action over last quarter: down 9.83%

Company Description

ONE Gas Inc. is a regulated natural gas utility company operating in the Great Plains region of the U.S. ONE Gas is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. ONE Gas' primarily services urban residential consumers and distributes the most volume to entities in the transportation industry. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas and is one of the largest natural gas utilities in the U.S.