ONE Gas, Inc. (NYSE:OGS) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET

Company Participants

Erin Dailey - IR

Sid McAnnally - President and CEO

Caron Lawhorn - SVP and CFO

Curtis Dinan - SVP and Chief Operating Officer

Conference Call Participants

Gabriel Moreen - Mizuho

Jamieson Ward - Guggenheim Partners

Tanner James - Bank of America

Operator

Good day, and welcome to the ONE Gas 2023 Third Quarter Earnings Conference Call. Today's conference is being recorded.

At this time, I would now like to turn the conference over to Erin Dailey. Please go ahead, Ms. Dailey.

Erin Dailey

Thank you, Elliot. Good morning, everyone, and thank you for joining us on our third quarter 2023 earnings conference call. This call is being webcast live and a replay will be available later today. After our prepared remarks, we are happy to take your questions.

Statements made during this call that might include ONE Gas expectations or predictions should be considered forward-looking statements and are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933 and the Securities and Exchange Act of 1934, each as amended. Actual results could differ materially from those projected in any forward-looking statements. For a discussion of factors that could cause actual results to differ, please refer to our SEC filings.

Joining us on the call this morning are Sid McAnnally, President and Chief Executive Officer; Caron Lawhorn, Senior Vice President and Chief Financial Officer; and Curtis Dinan, Senior Vice President and Chief Operating Officer.

And now I'll turn the call over to Sid.

Sid McAnnally

Thanks, Erin, and good morning, everyone. Thank you for joining us as we discuss our third quarter performance.

Prudent management and operational execution have kept us on track to achieve the midpoint of our 2023 financial guidance, despite strengthening macroeconomic headwinds affecting our industry.

As our results show, we've met the dual challenges presented by inflation and higher interest rates this year, while also leveraging process improvements to better balance our capital deployment, putting us ahead of our capital plan for the year. We continue to effectively meet growing customer demand, while also prioritizing safety and enhancing the reliability of our system. The investments we're making position us well to support growing customer needs long into the future.

I've spoken before about the economic growth we're experiencing in Texas, Oklahoma and Kansas, an effective mix of business-friendly government policies, access to affordable energy and attractive cost of living are converging to bring new manufacturing and technology-based jobs to our region.