8/5/2026

speaker
Dennis
Conference Operator

Good day, everyone. One guest, second quarter earnings conference call and webcast will begin shortly. Good day and welcome to the OneGas second 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 Dailey. Please go ahead, Ms. Dailey.

speaker
Erin Dailey
Investor Relations

Thank you, Dennis. Good morning, everyone, and thank you for joining us on our second quarter 2026 earnings conference call. This call is being webcast live, and a replay will be available later today. After our prepared remarks, we're happy to take your questions. A reminder that statements made during this call that might include one-gap 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 relief that we issued yesterday. Joining us this morning are Sid McAnally, Chief Executive Officer, Chris Signolfi, Senior Vice President and Chief Financial Officer, and Curtis Dinan, 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. Our strong second quarter performance reflects solid execution across the business and the continued strength of our growth strategy, supported by constructive jurisdictions. Adjusted EPS was 82 cents for the quarter, compared to 54 cents in the same period last year. Through the first half of the year, we've grown adjusted EPS by 16 percent over last year, despite weather that was 25 percent warmer. We delivered these results while keeping the average customer bill flat year over year and increasing our dividend. This balanced approach to operating a 100% regulated company is intentional. Our strategy is to strengthen our delivery system and grow the business through disciplined investment while keeping our long-term customer bill growth in line with inflation. Combined with the legislative and regulatory framework that supports investment and economic development, We're able to deliver growth that is both durable and sustainable. The opportunity to serve large load customers continues to broaden across our service territory. Rising demand is being driven by ongoing electric load growth and the need for reliable, dispatchable energy. Interest from gas-fired generation, data centers, and advanced manufacturing has grown meaningfully creating additional avenues for sustainable long-term growth. We expect the factors driving our strong performance in the first half of this year to continue, and we now expect to achieve adjusted earnings within the upper half of our 2026 guidance range. We're confident in our outlook, which is supported by new rates taking effect and continued customer growth. along with ongoing benefits from constructive legislative developments in Kansas and Texas. Now I'll turn it over to Chris to discuss the details of our financial performance and regulatory activities.

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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