ONE Gas annual shareholder voting results released

ONE Gas, Inc. (NYSE:OGS), a natural gas distribution company based in Tulsa, Oklahoma, with a market capitalization of $4.4 billion and a strong track record of 11 consecutive years of dividend increases, reported the results of its annual shareholder meeting held on May 22, 2025, in a recent SEC filing. According to InvestingPro, the company maintains a FAIR overall financial health score and currently offers a 3.6% dividend yield. The company announced that all nominated directors were elected to the Board for one-year terms expiring at the 2026 annual meeting. The results of the election were determined by a majority of votes from shareholders present in person or by proxy.

The elected directors include John W. Gibson, Tracy E. Hart, Deborah A. P. Hersman, Michael G. Hutchinson, Robert S. McAnnally, Sanjay D. Meshri, Pattye L. Moore, Eduardo A. Rodriguez, and Yves C. Siegel. Each director received a majority of votes for their election, with broker non-votes recorded in each case.

Additionally, the appointment of PricewaterhouseCoopers LLP as the company’s independent auditor for the fiscal year ending December 31, 2025, was ratified with a significant majority of votes for versus against and abstentions.

Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers as disclosed in the Proxy Statement for the 2025 annual meeting. This included the Compensation Discussion and Analysis, compensation tables, and narrative discussion, with a majority of votes for versus against and abstentions, along with broker non-votes.

The filing confirms the completion of these standard annual governance procedures and reflects the shareholders’ support for the company’s director nominees, auditor ratification, and executive compensation approach. The SEC filing, dated May 28, 2025, serves as the source for this information. InvestingPro analysis suggests the stock is currently trading near its Fair Value, with analysts projecting continued profitability for the year ahead. For deeper insights into ONE Gas’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, ONE Gas Inc. reported its first-quarter 2025 financial results, which exceeded analyst expectations. The company achieved earnings per share (EPS) of $1.98, surpassing the forecast of $1.85, and revenue reached $935.2 million, exceeding the anticipated $811.2 million. The strong performance was attributed to effective cost management, increased customer numbers, and colder weather in its service areas. ONE Gas management expects to reach the higher end of its EPS guidance for the year, projecting net income between $254 million and $261 million.

Additionally, ONE Gas announced a public offering of 2.5 million shares of common stock, with an option for the underwriter to purchase an additional 375,000 shares. This offering includes a forward sale agreement with JPMorgan Chase (NYSE:JPM) Bank. The proceeds from any future settlement are intended for general corporate purposes, such as debt management and infrastructure investment. Stifel analysts raised their price target for ONE Gas stock to $76 from $74, maintaining a Hold rating, following the company’s strong quarterly performance.

ONE Gas has also entered into an equity forward sales agreement to secure capital for its equity needs and reaffirmed its commitment to growth initiatives, particularly in Austin. The company completed $178 million worth of capital projects in the first quarter and continues to focus on strategic initiatives, including regulatory filings for rate adjustments. These developments underscore ONE Gas’s efforts to strengthen its financial position and navigate market challenges effectively.

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