ONE Gas Inc reports results for the quarter ended June 30 - Earnings Summary

• ONE Gas Inc OGS.N reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of seven analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 50 cents to 55 cents per share.

• Revenue rose 19.7% to $423.74 million from a year ago; analysts expected $531.58 million.

• ONE Gas Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $32.03 million.

• ONE Gas Inc shares had risen by 2.0% this quarter and gained 5.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the natural gas utilities peer group is also "buy"

• Wall Street's median 12-month price target for ONE Gas Inc is $76.50, about 5% above its last closing price of $72.64

This summary was machine generated from LSEG data August 5 at 09:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)