TULSA, Okla. (AP) — TULSA, Okla. (AP) — ONE Gas Inc. (OGS) on Wednesday reported fourth-quarter profit of $86.3 million.
The Tulsa, Oklahoma-based company said it had net income of $1.42 per share. Earnings, adjusted for non-recurring costs, were $1.48 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The natural gas distribution posted revenue of $689.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $675.2 million.
For the year, the company reported profit of $264.2 million, or $4.37 per share. Revenue was reported as $2.43 billion.
ONE Gas expects full-year earnings in the range of $4.83 to $4.95 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OGS at https://www.zacks.com/ap/OGS
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