ONE Gas, Inc. will release its first quarter 2021 earnings after the market closes on Monday, May 3, 2021.
The ONE Gas executive management team will participate in a conference call the following day, Tuesday, May 4, 2021, at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time).
The call also will be carried live on the ONE Gas website.
ONE Gas is coming off a 4th quarter in which it suffered an estimated $2.2 billion in emergency natural gas purchases during the historic February winter that gripped Oklahoma, Kansas and Texas. The company was forced to make an emergency two-year $2.5 billion loan facility, allowing ONE Gas to have access to nearly $3.1 billion in total liquidity.
It also sought emergency relief from the Kansas Corporation Commission, the Oklahoma Corporation Commission and the Texas Railroad Commission. On February 25, 2021, an administrative law judge (ALJ) recommended approval of the motion by the OCC. The recommendation from the ALJ will next be considered by the OCC.
ONE Gas finished the 2020 business year with $196.4 million net income, up from the $186.7 million in 2019.