TULSA, Okla. (AP) — TULSA, Okla. (AP) — ONE Gas Inc. (OGS) on Wednesday reported fourth-quarter profit of $70.7 million.
The Tulsa, Oklahoma-based company said it had net income of $1.27 per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.27 per share.
The natural gas distribution posted revenue of $605.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $815.6 million.
For the year, the company reported profit of $231.2 million, or $4.14 per share. Revenue was reported as $2.37 billion.
ONE Gas expects full-year earnings to be $3.70 to $4 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
