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ONE Gas beats 1Q profit forecasts

TULSA, Okla. (AP) _ ONE Gas Inc. (OGS) on Monday reported first-quarter earnings of $76.5 million.

The Tulsa, Oklahoma-based company said it had profit of $1.44 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The natural gas distribution posted revenue of $550.4 million in the period.

ONE Gas expects full-year earnings to be $2.87 to $3.07 per share.

ONE Gas shares have risen almost 8 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $68.83, a climb of 18 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OGS at https://www.zacks.com/ap/OGS

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Keywords: ONE Gas, Earnings Report