ONE Gas, Inc.: Regulatory Developments, Rate Case Outcomes 

ONE Gas, a significant operator in the natural gas sector, presented its 2024 second quarter financial results, reflecting both achievements and challenges. As a utility company heavily contingent on weather conditions and regulatory developments, its financial metrics denote both operational success and areas of concern. The company reported a second-quarter net income of $27 million, down by $6 million from the previous year’s $33 million. Earnings per diluted share also reduced from $0.58 in 2023 to $0.48. Despite this decline, overall revenue generation appeared to grow, particularly from new rate increases contributing an additional $14.7 million to the operating income year-over-year, a fact that emphasizes ONE Gas’s ability to adapt its business operations to changing economic conditions.