Recap: ONE Gas Q4 Earnings

ONE Gas OGS reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

ONE Gas reported in-line EPS of $1.27 versus an estimate of $1.27.

Revenue was down $212.29 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 1.5% drop in the share price the next day.

Here's a look at ONE Gas's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.42 0.59 1.86 1.21
EPS Actual 0.45 0.58 1.84 1.23
Revenue Estimate 391.77M 453.93M 688.67M 430.67M
Revenue Actual 335.82M 398.11M 1.03B 818.21M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

ONE Gas management provided guidance for FY 2023, expecting earnings between $4.12 and $4.16 per share.

To track all earnings releases for ONE Gas visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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