Exhibit 99.1
| July 23, 2018 | Analyst Contact: | Brandon Lohse 918-947-7472 | |
| Media Contact: | Jennifer Rector 918-947-7571 | ||
ONE Gas Declares Quarterly Dividend
TULSA, Okla. - July 23, 2018 - The board of directors of ONE Gas, Inc. (NYSE: OGS) today declared a quarterly dividend of 46 cents per share of common stock, payable Sept. 4, 2018, to shareholders of record at the close of business Aug. 13, 2018.
ONE Gas announced previously that it expects the quarterly dividend to be 46 cents per share in 2018, or $1.84 per share on an annualized basis, with annual dividend growth of 7 to 9 percent between 2017 and 2022, with a target dividend payout ratio of 55 percent to 65 percent of net income, all subject to its board of directors’ approval.
ONE Gas, Inc. (NYSE: OGS) is a 100-percent 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.
ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas.
ONE Gas is headquartered in Tulsa, Okla., and its divisions include Oklahoma Natural Gas, the largest natural gas distributor in Oklahoma; Kansas Gas Service, the largest in Kansas, and Texas Gas Service, the third largest in Texas, in terms of customers.
Its largest natural gas distribution markets by customer count are Oklahoma City and Tulsa, Okla.; Kansas City, Wichita and Topeka, Kan.; and Austin and El Paso, Texas. ONE Gas serves residential, commercial, industrial, transportation and wholesale customers in all three states.
For more information, visit the website at http://www.ONEGas.com.
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