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ONE Gas beats 4Q profit forecasts

TULSA, Okla. (AP) _ ONE Gas Inc. (OGS) on Wednesday reported fourth-quarter earnings of $42.3 million.

The Tulsa, Oklahoma-based company said it had profit of 80 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The natural gas distribution posted revenue of $440.8 million in the period.

For the year, the company reported profit of $140.1 million, or $2.65 per share. Revenue was reported as $1.43 billion.

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

ONE Gas shares have climbed almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.39, a climb of 11 percent in the last 12 months.


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


Keywords: ONE Gas, Earnings Report