ONE Gas, Inc. (OGS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

recorded. At this time, I would like to turn the conference over to Erin Daly. Please go ahead, Ms. Daly. Thank you, Cole. Good morning, everyone, and thank you for joining us on our first quarter 2025 earnings conference call. This call is being webcast live, and a replay will be available later today. After our prepared remarks, we're happy to take your questions. Statements made during this call that might include OneGas expectations or predictions should be considered forward-looking statements and are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, and the Securities and Exchange Act of 1934, each as amended. Actual results could differ materially from those projected in any forward-looking statement. For a discussion of factors that could cause actual results to differ, please refer to our SEC filings. Joining us on the call this morning are Sid McAnally, President and Chief Executive Officer, Chris Pignalti, Senior Vice President and Chief Financial Officer, and Curtis Dinan, Senior Vice President and Chief Operating Officer. And now I'll turn the call over to Sid. Thanks Erin, and good morning everyone. We're happy to be with you this morning to discuss our first quarter performance. We reported strong financial results yesterday, including net income of $119 million, or $1.98 per diluted share. We achieved these results by executing our regulatory plan, managing O&M expenses, and continuing to add new customers. New rates that took effect at the end of last year allow us to recover investments in our system. These investments supported ongoing customer growth and enhanced system reliability. The value of those system investments was shown earlier this year as our system faced five nam...