Quarterly / Earnings Reports | Second Quarter (2Q) Update
ONE Gas To Yield More Volume From More Heating Degree Days
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Narrowed guidance (155 - 161, from 152 - 162 [1Q17])
Pierce H Norton II (Pres & CEO) "We're on target to acheive full-year 2017 guidance."
For 2Q17:
- Operating Income: $44.1 MM for 2Q17 vs $43.6 mill 2Q16
- Operating Costs: $115.2 MM for 2Q17 - increases in employee related expenses, information technology expenses, and pipeline maintenance activity.
- Total natural gas volume sales - 17.4 Bcf
- Natural gas transportation volumes - 49.1 Bcf
- Natural gas delivered - 66.4 Bcf
- More heating days this year allowed ONE Gas to "yield more volume [] and collect addition revenues."
Operating income for 1H17: $169.2 MM; Net margin increased by $22.3
Operating Cost for 1H17: $240.3 MM
CapEx 1H17: $154.7, an increase from previous year due to "increased system integrity activities and expanding services to new areas."
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