How key metrics compare to Wall Street estimates

For the quarter ended March 2025, ONE Gas reported revenue of $935.19 million, up 23.3% over the same period last year. EPS came in at $1.98, compared to $1.75 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $803.58 million, representing a surprise of +16.38%. The company delivered an EPS surprise of +7.03%, with the consensus EPS estimate being $1.85.

While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.

Here is how ONE Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Volumes – Natural Gas sales – Transportation: 65,300 MMcf compared to the 64,475.83 MMcf average estimate based on three analysts.
• Volumes – Natural Gas sales – Total sales volumes delivered: 79,300 MMcf compared to the 72,123.38 MMcf average estimate based on three analysts.
• Volumes – Natural Gas sales – Total volumes delivered: 144,600 MMcf compared to the 136,632.5 MMcf average estimate based on three analysts.
• Volumes – Natural Gas sales – Residential: 58,900 MMcf versus 56,064.04 MMcf estimated by two analysts on average.
• Volumes – Natural Gas sales – Other: 1,200 MMcf versus 1,153.53 MMcf estimated by two analysts on average.
• Volumes – Natural Gas sales – Commercial & Industrial: 19,200 MMcf compared to the 17,254.44 MMcf average estimate based on two analysts.
• Average number of customers – Total customers: 2,305 compared to the 2,306 average estimate based on two analysts.
• Revenue- Transportation: $43.80 million versus the two-analyst average estimate of $41.35 million.
• Revenue- Natural Gas sales: $870.40 million versus $719.29 million estimated by two analysts on average.

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