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ONE Gas, Inc.
8/6/2025
Good day and welcome to the OneCast second quarter earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Chris Signofi. Please go ahead, Mr. Signofi.
Thank you, Elliot. Good morning, everyone, and thank you for joining us on our second quarter 2025 earnings conference call. This call is being webcast live, and a replay will be available later today. After our prepared remarks, we are happy to take your questions. Statements made during this call that might include one gas expectations or predictions should be considered forward-looking statements and are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, and the Securities and Exchange Act of 1934, each as amended. Actual results could differ materially from those projected in any forward-looking statements. For a discussion of factors that could cause actual results to differ, please refer to our SEC filings. Joining me on the call this morning are Sid McAnally, President and Chief Executive Officer, and Curtis Dinan, Senior Vice President and Chief Operating Officer. Now, I'll turn the call over to Sid.
Thanks, Chris, and good morning, everyone. We're glad to be with you to discuss our second quarter results. Our strong performance this quarter reflects the consistent execution of our regulatory strategy disciplined cost management, and increased customer demand. Net income for the quarter was $32 million, or 53 cents per diluted share, driven by new rates and an expanding customer base. Given our results through the first half of the year, we are raising our full year 2025 financial guidance. We now expect net income between $261 and $267 million, and earnings per diluted share between $4.32 and $4.42. This revised outlook reflects robust growth and the positive impact of Texas House Bill 4384, which was enacted earlier this summer and supports recovery of system investments in Texas. Our 2025 equity needs along with a portion of those expected in 2026 have been met through completed equity raises. Chris will elaborate more in a moment. We now have more than $226 million in expected proceeds secured under forward agreements and are well positioned to support our capital plan. We also continue to make progress on key regulatory matters during the quarter. Curtis will speak to those in more detail. We appreciate the constructive engagement with regulators and stakeholders across our jurisdictions. Now I'll turn it back over to Chris for the financial details. Chris?
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