ONE Gas reports $16.3 million in third-quarter earnings

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By Jack Money Business Writer jmoney@oklahoman.comTULSA — ONE Gas, Inc. reported after markets closed on Monday that it earned $16.3 million in net income during the third quarter, compared to $18.8 million during the same time a year ago. Officials said the company's third-quarter operating income was $36.2, compared to $45.1 million in 2017 and said its net margin decreased $1.3 million in the same quarterly year-over-year comparison, to about $187 million. They said the deferral of $6 million in potential refund obligations associated with the Tax Cuts and Jobs Act of 2017 pulled its net margin lower, but also said a $3.8 million increase from new rates in Texas and Kansas and a $1 million increase attributable to system growth in Oklahoma and...

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ONE Gas reports $16.3 million in third-quarter earnings

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