Oklahoma business earnings for May 6

Oklahoma business earnings for May 6, 2014
Oklahoman Published: May 6, 2014


ONE Gas Inc.

ONE Gas Inc. on Monday reported net income of $59.1 million, or $1.13 a share, for the first quarter. That is up from $53.5 million, or $1.02 a share, in the same period of last year, when ONE Gas still was a subsidiary of ONEOK Inc. “New rates in Texas, coupled with colder weather in Oklahoma and Kansas, resulted in a strong start for ONE Gas in our first quarter as a publicly traded company,” CEO Pierce H. Norton II said. “The strong first quarter positions ONE Gas very well as we transition through our first year as a stand-alone company.”

From Staff Reports