Page 1

EX - 99.1 2 ogsq12021 earningsreleasene.htm EX - 99.1 GONE Gas Exhibit 99.1 News May 3 , 2021 Analyst Contact : Brandon Lohse 918-947-7472 Media Contact : Leah Harper 918-947-7123 ONE Gas Announces First Quarter 2021 Financial Results Declares Second Quarter Dividend ; Reaffirms 2021 Financial Guidance TULSA , Okla . - May 3 , 2021 - ONE Gas , Inc. ( NYSE : OGS ) today announced its first quarter 2021 financial results , declared its quarterly dividend and reaffirmed its 2021 financial guidance . FIRST QUARTER 2021 FINANCIAL RESULTS & HIGHLIGHTS • • • • • First quarter 2021 net income was $ 95.6 million , or $ 1.79 per diluted share , compared with $ 91.7 million , or $ 1.72 per diluted share , in the first quarter 2020 ; Actual heating degree days across the company's service areas were 5,600 in the first quarter 2021 , 7 % colder than normal and 19 % colder than the same period last year ; In March 2021 , the company issued $ 1.7 billion of 2- and 3 - year fixed rate senior notes and $ 800 million of 2 - year floating rate senior notes , with proceeds used for general corporate purposes , including payment of gas purchase costs resulting from Winter Storm Uri ; In March 2021 , the company amended , extended and upsized its revolving credit agreement to $ 1 billion from $ 700 million and terminated its $ 250 million 364 - day Credit Agreement ; and The board of directors declared a quarterly dividend of $ 0.58 per share , or $ 2.32 per share on an annualized basis , payable on June 1 , 2021 , to shareholders of record at the close of business on May 17 , 2021 . " Since we first reported on the operational and financial impact of Winter Storm Uri in February , we have worked collaboratively with our regulators and legislators to minimize the financial impact to our customers , " said Pierce H. Norton II , president and chief executive officer . " We are pleased that legislation has been passed and signed by the governors in Kansas and Oklahoma , and is being considered in Texas , to allow securitization as a means to finance the extraordinary costs associated with the storm . Our customers will benefit from the lower cost to issue securitized debt relative to other alternatives . " Despite this focus on the storm , ONE Gas has not lost sight of our environmental , social and governance initiatives , " added Norton . " We know natural gas will serve a critical role as the nation transforms to a cleaner energy future , with many types of energy resources working together to -more-