Key Points – ONE Gas reported stronger second-quarter results, with adjusted EPS rising to $0.82 from $0.54 a year earlier despite weather that was 25% warmer.
The company maintained its $4.83–$4.95 full-year adjusted EPS guidance but now expects results in the upper half of that range. – Improved outlook reflects approximately $16 million in new-rate revenue, expanded benefits from Texas House Bill 4384, customer growth and capacity-release revenue
The company estimates the Texas legislation will contribute about $0.42 to full-year adjusted EPS. – ONE Gas is advancing growth projects, including an El Paso manufacturing facility and an Oklahoma data center expected to enter service this quarter, while three contracted high-volume projects represent roughly $15 million in annual revenue and $175 million in capital. Regulatory rate increases are also progressing in Oklahoma, Texas and Kansas. ONE Gas (NYSE:OGS) reported higher second-quarter earnings and said it now expects full-year adjusted results to fall within the upper half of its previously issued 2026 guidance range, supported by new rates, Texas regulatory benefits, customer growth and cost discipline.
Adjusted net income for the second quarter was $52.1 million, or $0.82 per diluted share, compared with $32.7 million, or $0.54 per share, a year earlier. GAAP earnings per share rose to $0.74 from $0.53. Chief Executive Officer Sid McAnnally said adjusted earnings per share grew 16% in the first half from the prior-year period despite weather that was 25% warmer.