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ONE Gas Declares First Quarterly Dividend

April 16, 2014

TULSA, Okla., April 16, 2014 /PRNewswire/ -- The board of directors of ONE Gas, Inc. (NYSE: OGS) today declared a quarterly dividend of 28 cents per share of common stock, payable May 15, 2014, to shareholders of record at the close of business April 30, 2014.

"This dividend represents an important first step in returning value to our shareholders. It reflects our confidence in ONE Gas and its ability to generate solid earnings for our investors," said Pierce H. Norton II, ONE Gas president and chief executive officer. 

The company indicated previously that it expects its quarterly dividend to be 28 cents per share in 2014, or $1.12 per share on an annualized basis, with annual dividend growth of 5 percent between 2014 and 2018, 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 natural gas distribution company and the successor to the company founded in 1906 as Oklahoma Natural Gas Company, which became ONEOK, Inc. (NYSE: OKE) in 1980. On January 31, 2014, ONE Gas officially separated from ONEOK into a stand-alone, 100 percent regulated, publicly traded natural gas utility.

ONE Gas trades on the New York Stock Exchange under the symbol "OGS," and is included in the S&P MidCap 400 Index.

ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas. ONE Gas is one of the largest publicly traded, 100 percent regulated, natural gas utilities in the United States.

ONE Gas is headquartered in Tulsa, Okla., and its companies include the largest natural gas distributor in Oklahoma and Kansas, and 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.

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Analyst Contact:

Andrew Ziola


Media Contact:

Jennifer Rector



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