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EX - 99.1 2 ogsq22021 earningsreleasene.htm EX - 99.1 GONE Gas Exhibit 99.1 News August 2 , 2021 Analyst Contact : Brandon Lohse 918-947-7472 Media Contact : Leah Harper 918-947-7123 ONE Gas Announces Second Quarter 2021 Financial Results ; Reaffirms 2021 Financial Guidance TULSA , Okla . - August 2 , 2021 - ONE Gas , Inc. ( NYSE : OGS ) today announced its second quarter 2021 financial results and reaffirmed its 2021 financial guidance . SECOND QUARTER 2021 FINANCIAL RESULTS & HIGHLIGHTS • • • • • • Second quarter 2021 net income was $ 30.1 million , or $ 0.56 per diluted share , compared with $ 25.3 million , or $ 0.48 per diluted share , in the second quarter 2020 ; Year to date 2021 net income was $ 125.7 million , or $ 2.35 per diluted share , compared with $ 117.0 million , or $ 2.20 per diluted share , in the same period last year ; Actual heating degree days across the company's service areas were 751 in the second quarter 2021 , 18 % colder than normal and 3 % warmer than the same period last year ; In June 2021 , the company increased the size of its commercial paper program in an aggregate principal amount not to exceed $ 1.0 billion outstanding at any time from $ 700 million ; On July 30 , 2021 , each of the company's three divisions made a filing with its respective regulatory commission seeking authorization of Winter Storm Uri costs to be recovered through securitization ; and A quarterly dividend of $ 0.58 per share , or $ 2.32 per share on an annualized basis , was declared on July 19 , 2021 , payable on Sept. 1 , 2021 , to shareholders of record at the close of business on Aug. 13 , 2021 . " Our strong second quarter results can be attributed to the focus and commitment of employees across our company as we continue to execute on our strategy , " said Robert S. McAnnally , president and chief executive officer . " We remain committed to our proven strategy of modernizing our infrastructure and providing our growing customer base with reliable natural gas service . " SECOND QUARTER 2021 FINANCIAL PERFORMANCE ONE Gas reported operating income of $ 51.1 million in the second quarter 2021 , compared with $ 44.6 million in the second quarter 2020 . -more-