Newspaper article THE JOURNAL RECORD

One Gas Issues 2016 Guidance

Newspaper article THE JOURNAL RECORD

One Gas Issues 2016 Guidance

Article excerpt

One Gas Inc. on Tuesday said that its 2016 net income is expected to be in the range of $127 million to $137 million, or $2.40 to $2.60 per diluted share.

The midpoint for 2016 net income guidance is $132 million, or $2.50 per diluted share.

Tulsa-based One Gas expects 2015 net income to be in the range of $118 million to $120 million due primarily to lower operating expenses. The previous guidance range of $113 million to $118 million was provided on Oct. 28.

The 2016 earnings guidance primarily reflects the benefit of new rates and residential customer growth in Texas and Oklahoma. The benefits are offset partially by higher employee-related costs and higher depreciation expense due to capital investments. …

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