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ONE Gas Increases Quarterly Dividend

1. ONE Gas increased its dividend by 1 cent to 67 cents per share. 2. The annualized dividend now totals $2.68 per share for 2025. 3. The company expects 1%-2% annual dividend increases through 2029. 4. ONE Gas has a target payout ratio of 55%-65% of net income. 5. It serves over 2.3 million customers across three states.

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Why Bullish?

The dividend increase signals financial health and growth potential, enhancing investor confidence.

How important is it?

The article details significant corporate actions such as dividend increases that are crucial for investor decision-making.

Why Long Term?

Sustained dividend growth can attract long-term investors, impacting stock valuation positively over time.

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OGS
TULSA, Okla., Jan. 21, 2025 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today increased the dividend for the first quarter 2025 by 1 cent per share to 67 cents per share, resulting in an annualized dividend of $2.68 per share. The dividend is payable March 7, 2025, to shareholders of record at the close of business Feb. 21, 2025. The Company expects an average annual dividend increase of 1% to 2% through 2029, with a target dividend payout ratio of approximately 55% to 65% of net income, subject to approval by the board of directors. ONE Gas, Inc. (NYSE: OGS) is a 100% regulated natural gas utility, and trades on the New York Stock Exchange under the symbol "OGS." ONE Gas is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States. Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.3 million customers in Kansas, Oklahoma and Texas. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers. For more information and the latest news about ONE Gas, visit onegas.com and follow its social channels: @ONEGas, Facebook, LinkedIn and YouTube. Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The forward-looking statements relate to our anticipated financial performance, liquidity, management's plans and objectives for our future operations, our business prospects, the outcome of regulatory and legal proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. The following discussion is intended to identify important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "should," "goal," "forecast," "guidance," "could," "may," "continue," "might," "potential," "scheduled," "likely," and other words and terms of similar meaning. One should not place undue reliance on forward-looking statements, which are applicable only as of the date of this news release. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Those factors may affect our operations, markets, products, services and prices. In addition to any assumptions and other factors referred to specifically in connection with the forward-looking statements, factors that could cause our actual results to differ materially from those contemplated in any forward-looking statement include, among others, the following: These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other factors could also have material adverse effects on our future results. These and other risks are described in greater detail in Part 1, Item 1A, Risk Factors, in our Annual Report. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise. Analyst Contact: Erin Dailey 918-947-7411 Media Contact: Leah Harper 918-947-7123 SOURCE ONE Gas, Inc.

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