ONE Gas Affirms Financial Guidance For 2024 Net Income Expected To Be In The Range Of $214M-$231M, Or EPS Of $3.70-$4.00 Vs 3.86 Est. Capital Expenditures, Including Asset Removal Costs, Are Expected To Be ~$750M In 2024.
Portfolio Pulse from Benzinga Newsdesk
ONE Gas has reaffirmed its financial guidance for 2024, projecting net income between $214M-$231M, or EPS of $3.70-$4.00, aligning with estimates. The company also anticipates capital expenditures, including asset removal costs, to be around $750M for the year.
May 06, 2024 | 8:20 pm
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ONE Gas reaffirms its 2024 financial guidance, with net income expected between $214M-$231M and EPS of $3.70-$4.00, in line with estimates. Capital expenditures are anticipated to be approximately $750M.
The reaffirmation of financial guidance by ONE Gas indicates a positive outlook on the company's financial health and operational stability. This transparency and consistency in meeting expected financial targets can instill confidence in investors, potentially leading to a positive short-term impact on the stock price. The detailed guidance on net income, EPS, and capital expenditures provides clear insights into the company's financial planning and investment in assets, which are crucial for investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100