A single Gas Issues 2021 Economic Guidance Updates 2020 Monetary Direction

TULSA, Okla., Jan. 19, 2021 /PRNewswire/ — ONE Fuel, Inc. (NYSE: OGS) these days declared that its 2021 web revenue is envisioned to be in the array of $198 million to $210 million, with earnings for each diluted share of $3.68 to $3.92. The midpoint of 2021 direction for One Gasoline (the Organization) is internet money of $204 million, and earnings for every diluted share of $3.80.

The Corporation also current its 2020 steering to earnings of $3.66 to $3.70 per diluted share from the past range of $3.44 to $3.68 for each diluted share.

The Firm’s 2021 earnings assistance includes the gain of new premiums and customer advancement, offset by better running expenditures, including depreciation price from capital investments, and assumes normal weather. This direction does not think the Organization will document any regulatory property for COVID-19 all through 2021.

Funds expenses, including asset elimination costs, are envisioned to be roughly $540 million in 2021, with almost 70% of these expenditures specific for process integrity and the equilibrium mostly for consumer development. The predicted ordinary level foundation for 2021 is $4.23 billion, calculated constant with utility ratemaking in every single jurisdiction.

Net money is predicted to raise by an average of 6% to 8% every year between 2020 and 2025, with diluted earnings for each share of 5% to 7% having said that, the character and timing of regulatory filings, specifically comprehensive charge circumstances, as perfectly as fairness issuances, will effects the advancement price in any individual yr.&#13

Funds expenses, like asset removal prices, are envisioned to be in the selection of $540 million to $640 million per 12 months among 2021 and 2025, or approximately $3. billion for the five-year period of time, top to level base expansion averaging 7% to 8% per calendar year involving 2020 and 2025.

The regular once-a-year dividend development charge is predicted to be 6% to 8% in between 2020 and 2025, with a goal dividend payout ratio of 55% to 65% of internet profits, issue to board of directors’ acceptance.

Further information and facts can be discovered in the 2021 Financial Steerage trader presentation on the A person Gas web site at https://www.onegas.com/traders/financials-and-filings/guidance.

Steerage estimates might be impacted by the variables in the forward-seeking statements mentioned beneath.

One particular Gasoline, Inc. (NYSE: OGS) is a 100% regulated natural gasoline utility, and trades on the New York Stock Exchange beneath the symbol “OGS.” A single Gas is integrated in the S&P MidCap 400 Index and is a single of the largest natural gas utilities in the United States.&#13

1 Gas, headquartered in Tulsa, Oklahoma, supplies pure fuel distribution services to more than 2 million prospects in Kansas, Oklahoma and Texas. Its divisions incorporate Kansas Fuel Provider, the greatest normal gas distributor in Kansas Oklahoma Normal Fuel, the most significant in Oklahoma and Texas Fuel Service, the third premier in Texas, in terms of consumers.

For much more info, take a look at the website at www.onegas.com.

Some of the statements contained and integrated in this information release are forward-seeking statements inside the meaning of Segment 27A of the Securities Act and Area 21E of the Trade Act. The forward-hunting statements relate to our expected money functionality, liquidity, management’s ideas and targets for our foreseeable future functions, our organization prospective clients, the result of regulatory and legal proceedings, industry conditions and other matters. We make these ahead-searching statements in reliance on the protected harbor protections furnished under the Personal Securities Litigation Reform Act of 1995. The following dialogue is meant to identify significant variables that could lead to upcoming results to vary materially from people set forth in the forward-searching statements.

Forward-seeking statements incorporate the objects determined in the previous paragraph, the data about possible or assumed upcoming effects of our functions and other statements contained or integrated in this news launch identified by phrases this sort of as “foresee,” “estimate,” “hope,” “job,” “intend,” “approach,” “imagine,” “really should,” “goal,” “forecast,” “guidance,” “could,” “may possibly,” “carry on,” “could,” “opportunity,” “scheduled,” “probable,” and other terms and phrases of equivalent that means.

A person need to not location undue reliance on ahead-searching statements, which are applicable only as of the day of this information release. Known and not known risks, uncertainties and other components might trigger our genuine results, performance or achievements to be materially distinctive from any potential results, efficiency or achievements expressed or implied by forward-looking statements. All those aspects may affect our operations, markets, products, expert services and prices. In addition to any assumptions and other elements referred to precisely in connection with the ahead-hunting statements, factors that could trigger our actual outcomes to differ materially from individuals contemplated in any forward-looking assertion incorporate, between many others, the pursuing:&#13

• our skill to recuperate running costs, cash flow taxes and quantities equal to the price of house, plant and devices, regulatory property and our authorized level of return in our controlled rates
• our skill to regulate our functions and routine maintenance expenditures
• improvements in regulation of all-natural gasoline distribution expert services, significantly all those in Oklahoma, Kansas and Texas
• the financial climate and, notably, its outcome on the all-natural gasoline needs of our household and professional consumers
• the length and severity of a pandemic or other health crisis, these types of as the outbreak of COVID-19, together with the effect to our functions, customers, contractors, vendors and personnel, and the measures that international, federal, point out and area governments, businesses, legislation enforcement and/or wellness authorities employ to deal with it, which may (as with COVID-19) precipitate or exacerbate just one or a lot more of the above-pointed out and/or other challenges, and considerably disrupt or reduce us from running our business enterprise in the regular study course for an prolonged interval
• competitiveness from choice forms of energy, which includes, but not confined to, electrical power, photo voltaic electricity, wind energy, geothermal strength and biofuels
• conservation and electrical power storage endeavours of our prospects
• variations in weather, including seasonal effects on desire, the occurrence of storms and disasters, and local weather transform
• indebtedness could make us more susceptible to standard adverse economic and marketplace circumstances, restrict our means to borrow supplemental funds and/or place us at competitive drawback as opposed with competition
• our capacity to secure responsible, competitively priced and versatile pure fuel transportation and provide, like conclusions by all-natural gasoline producers to lessen production or shut-in producing normal gasoline wells and expiration of current offer and transportation and storage arrangements that are not replaced with contracts with equivalent conditions and pricing
• the mechanical integrity of facilities operated
• operational hazards and unexpected operational interruptions
• adverse labor relations
• the efficiency of our tactics to decrease earnings lag, margin security techniques and possibility mitigation procedures, which may perhaps be impacted by risks over and above our control these types of as commodity rate volatility and counterparty creditworthiness
• the availability of and entry to, in basic, cash to meet up with our credit card debt obligations prior to or when they turn out to be thanks and to fund our operations and money expenditures, both as a result of (i) money on hand, (ii) functioning cash stream, or (iii) entry to the funds markets
• variations in the money marketplaces throughout the periods covered by the ahead-searching statements, particularly those impacting the availability of funds and our capacity to refinance existing credit card debt and fund investments and acquisitions
• steps of score agencies, like the ratings of credit card debt, common corporate scores and changes in the ranking agencies’ scores criteria
• alterations in inflation and curiosity fees
• our means to get better the expenditures of normal gas purchased for our clients
• effect of prospective impairment rates
• volatility and changes in marketplaces for natural fuel
• doable reduction of regional distribution company franchises or other adverse consequences caused by the steps of municipalities
• payment and performance by counterparties and clients as contracted and when due
• adjustments in existing or the addition of new environmental, protection, tax and other laws to which we and our subsidiaries are issue
• the uncertainty of estimates, such as accruals and expenses of environmental remediation
• developments in know-how, including systems that increase efficiency or that improve electricity’s competitive position relative to purely natural gasoline
• population advancement charges and modifications in the demographic patterns of the markets we serve, and problems in these areas’ housing markets
• acts of mother nature and the potential consequences of threatened or real terrorism and war
• cyber-attacks, which, in accordance to gurus, have increased in quantity and sophistication because the starting of the COVID-19 pandemic, or breaches of know-how programs that could disrupt our operations or final result in the reduction or publicity of private or sensitive buyer, staff or Firm details even further, greater remote doing work preparations as a final result of the pandemic have expected enhancements and modifications to our IT infrastructure (e.g. Net, Virtual Non-public Network, remote collaboration programs, and so on.), and any failures of the systems, like 3rd-celebration company companies, that facilitate performing remotely could limit our potential to perform common operations or expose us to increased danger or outcome of an attack
• the sufficiency of insurance policy protection to include losses
• the effects of our methods to decrease tax payments
• the results of litigation and regulatory investigations, proceedings, which include our rate cases, or inquiries and the demands of our regulators as a final result of the Tax Cuts and Work Act of 2017
• changes in accounting benchmarks
• adjustments in company governance expectations
• discovery of materials weaknesses in our internal controls
• our capacity to comply with all covenants in our indentures, the 1 Gasoline Credit score Agreement and the A single Gasoline 364-day Credit Arrangement, a violation of which, if not remedied in a well timed manner, could result in a default of our obligations
• our ability to attract and keep gifted staff, management and administrators
• unforeseen improves in the fees of furnishing overall health care added benefits, alongside with pension and postretirement overall health care advantages, as well as declines in the price reduction rates on, declines in the market worth of the debt and equity securities of, and increases in funding demands for, our described gain designs
• the capacity to productively finish merger, acquisition or divestiture designs, regulatory or other limitations imposed as a end result of a merger, acquisition or divestiture, and the good results of the small business following a merger, acquisition or divestiture and
• the fees related with elevated regulation and enhanced disclosure and company governance specifications pursuant to the Dodd-Frank Wall Road Reform and Buyer Defense Act of 2010.

These things are not always all of the crucial factors that could bring about precise outcomes to differ materially from these expressed in any of our forward-searching statements. Other components could also have material adverse outcomes on our future benefits. These and other risks are explained in larger detail in Element 1, Merchandise 1A, Danger Components, in our Yearly Report. All ahead-looking statements attributable to us or folks acting on our behalf are expressly certified in their entirety by these elements. Other than as necessary under securities regulations, we undertake no obligation to update publicly any ahead-wanting statement no matter whether as a end result of new data, subsequent gatherings or alter in circumstances, expectations or usually.

Analyst Make contact with: Brandon Lohse
918-947-7472

Media Call: Leah Harper
918-947-7123