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.

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.

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).

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.