ONE Gas: 2Q Earnings Snapshot
TULSA, Okla. (AP) _ ONE Gas Inc. (OGS) on Monday reported second-quarter profit of $24.5 million.
On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of 46 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The natural gas distribution posted revenue of $290.6 million in the period.
ONE Gas expects full-year earnings to be $3.48 per share, with revenue expected to be $1.66 billion.
ONE Gas shares have risen 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $91.39, a climb of 21% in the last 12 months.