5/5/2026

speaker
Regina
Conference Call Operator

Good day, everyone. The OneGas First Quarter Earnings Conference call-in webcast will begin shortly. Good day and welcome to the OneGAS first quarter earnings conference call and webcast. Today's conference is being recorded. At this time, I would like to turn the conference over to Erin Daly. Please go ahead, Ms. Daly.

speaker
Erin Daly
Vice President, Investor Relations

Thank you, Regina. Good morning, everyone, and thank you for joining us on our first quarter 2026 earnings conference call. This call is being webcast live and a replay will be made available later today. After our prepared remarks, we are happy to take your questions. A reminder that 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 statement. For discussion of factors that could cause actual results to differ, please refer to our SEC filings. This call will include financial results and guidance with respect to adjusted net income and adjusted net income per share, which are non-GAAP financial measures as defined by the SEC. A reconciliation of the company's GAAP net income and GAAP earnings per share to adjusted net income and adjusted net income per share, along with additional disclosures required by Regulation G, are available in the earnings release we issued yesterday. Joining us this morning are Sid McAnally, Chief Executive Officer, Chris Signolfi, Senior Vice President and Chief Financial Officer, and Curtis Dynan, President and Chief Operating Officer. And now I'll turn the call over to Sid.

speaker
Sid McAnally
Chief Executive Officer

Thanks Erin, and good morning everyone. We're glad to be with you to discuss our first quarter results and to affirm our guidance. We delivered strong results in the first quarter with adjusted EPS growing 6% year over year, despite one of the warmest winters in the history of our service territory, 25% warmer than the first quarter last year. Our performance reflects disciplined execution of our long-term plan, advancing our regulatory strategy, driving operational efficiencies, and supporting growing customer needs. We continue to meet our growth targets while maintaining a strong focus on customer affordability, which was particularly important during a volatile winter. While conditions were historically warm across Kansas, Oklahoma, and Texas, we did experience winter storm Fern in January, a brief isolated cold event that temporarily drove higher gas prices across our service territory. Our 20% increase in storage capacity since winter storm URI allowed us to shield customers from price volatility and save $98 million relative to purchasing gas at spot prices. Ultimately, this performance reflects the same focus that guides our business every day. Safe, reliable, and affordable service to our customers and long-term value creation for our investors. Safety remains a priority for our company. Our strong performance in 2025, especially in the areas of workplace safety and safe driving, continues to place One Gas among the safest natural gas utilities in the nation. The Safety Achievement Award is given each year by the American Gas Association to companies who experience the fewest number of serious injuries when compared to peers. Last month, AGA named One Gas as the winner of this award for 2025. the ninth consecutive year One Gas has received the Safety Achievement Award. We're grateful for the commitment and dedication of our entire workforce to operating safely as we serve our customers and support our coworkers. Now I'll ask Chris to discuss the details of our financial performance and regulatory activities. Chris?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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Investor presentation