Track market-moving stories before they get noisy

ONE Gas (OGS - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis natural gas distribution is expected to post quarterly earnings of $2.19 per share in its upcoming report, which represents a year-over-year change of +10.6%.

Revenues are expected to be $961.01 million, up 2.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 10.16% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for ONE Gas?For ONE Gas, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.98%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that ONE Gas will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that ONE Gas would post earnings of $1.42 per share when it actually produced earnings of $1.48, delivering a surprise of +4.23%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

ONE Gas appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Declares Second Quarter Dividend

Analyst call and webcast scheduled tomorrow, May 5 at 11 a.m. EDT

, /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced its first quarter 2026 financial results, affirmed its 2026 financial guidance and declared its quarterly dividend.

"Our positive performance through a historically warm winter underscores the resilience of our business model and our ability to drive long‑term value while sustaining customer affordability," said Robert S. McAnnally, chief executive officer. "We are confident in our strategic plan and remain on track to achieve our 2026 financial guidance."

FINANCIAL RESULTS & HIGHLIGHTS

First quarter 2026 net income was $128.7 million, or $2.04 per diluted share, compared with $119.4 million, or $1.98 per diluted share, in the same period last year; First quarter 2026 adjusted net income was $133.4 million, or $2.11 per diluted share, compared with $120.1 million, or $1.99 per diluted share, in the same period last year; While weather across the Company's service areas was 20.5 percent warmer than normal and 24.6 percent warmer than the prior year, the impact on operating income was tempered by weather normalization mechanisms; In February 2026, the Company entered into an at-the-market equity distribution agreement under which it may issue and sell shares of common stock with an aggregate offering price up to $225 million; For the ninth consecutive year, ONE Gas was awarded the American Gas Association Safety Achievement Award for excellence in employee safety; and The board of directors declared a quarterly dividend of $0.68 per share ($2.72 annualized), payable on June 2, 2026, to shareholders of record at the close of business on May 18, 2026. FIRST QUARTER 2026 FINANCIAL PERFORMANCE

ONE Gas reported operating income of $189.6 million in the first quarter, compared with $180.5 million in the first quarter 2025, which primarily reflects an increase of $27.3 million from new rates.

This increase was partially offset by:

an increase of $6.8 million in employee-related costs due, in part, to planned investments in the Company's workforce; an increase of $1.3 million in outside services; and a decrease of $8.9 million in revenue due to lower sales and transport volumes, net of the impact of weather normalization mechanisms. Excluding interest related to KGSS-I securitized bonds, net interest expense decreased $3.0 million for the three months ending March 31, 2026. The decrease in interest expense is primarily due to commercial paper borrowings at lower rates and the implementation of Texas House Bill 4384.

Income tax expense includes a credit for amortization of the regulatory liability associated with excess deferred income taxes (EDIT) of $9.5 million and $8.1 million for the three months ended March 31, 2026, and 2025, respectively.

Capital expenditures and asset removal costs were $169.6 million for the first quarter 2026 compared with $177.7 million in the same period last year, primarily representing expenditures for system integrity and extension of service to new areas.

REGULATORY ACTIVITIES UPDATE

In April 2026, Kansas House Bill 2435 was signed into law, amending the Gas System Reliability Surcharge (GSRS) statute effective July 1, 2026. The amendment expands the qualifying infrastructure investments eligible for recovery to include all utility plant investments (excluding allocated corporate costs other than cyber-security related investments), increases the maximum monthly residential surcharge to $1.35 from $0.80 and provides added filing flexibility by allowing one GSRS filing per calendar year, rather than once every 365 days.

In March 2026, Texas Gas Service made a Gas Reliability Infrastructure Program filing for all customers requesting a $36.9 million revenue increase to be effective in July 2026.

In February 2026, Oklahoma Natural Gas filed its annual Performance-Based Rate Change application for the test year ended December 2025. The filing includes a requested $28.7 million base rate revenue increase, $2.6 million energy efficiency incentive and $14.4 million of estimated EDIT to be credited to customers in 2027. A hearing is scheduled for June 11, 2026. Rates may be implemented subject to refund on June 26, 2026.

2026 FINANCIAL GUIDANCE

ONE Gas affirmed the financial guidance it issued on Dec. 1, 2025, as supplemented on Feb. 18, 2026. For 2026, net income is expected to be in the range of $294 million to $302 million, or $4.65 to $4.77 per diluted share, while adjusted net income is expected to be in the range of $306 million to $314 million, or $4.83 to $4.95 per diluted share. The Company continues to expect long-term GAAP and adjusted net income growth of 7 to 9 percent and GAAP and adjusted net income per diluted share growth of 5 to 7 percent, consistent with its established five-year financial outlook.

Capital investments, including asset removal costs, are expected to be approximately $800 million in 2026. Capital investments for extensions to new customers are expected to be approximately $230 million.

EARNINGS CONFERENCE CALL AND WEBCAST

The ONE Gas executive management team will host a conference call on Tuesday, May 5, 2026, at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time). The call also will be carried live on the ONE Gas website.

To participate in the telephone conference call, dial 800-715-9871, passcode 3280987, or log on to www.onegas.com/investors and select Events and Presentations.

If you are unable to participate in the conference call or the webcast, a replay will be available on the ONE Gas website, www.onegas.com, for 30 days. A recording will be available by phone for seven days. The playback call may be accessed at 1-800-770-2030, passcode 3280987.

NON-GAAP DISCLOSURE STATEMENT

This news release includes financial results and guidance for ONE Gas with respect to adjusted net income and adjusted net income per share, which are non-GAAP financial measures as defined by the Securities and Exchange Commission. Adjusted net income and adjusted net income per share are calculated as GAAP net income plus the deferral of an equity portion of a carrying cost attributable to shareholders' investment capitalized for regulatory purposes but not for financial reporting purposes. These carrying costs relate to property, plant and equipment that has been placed in service, but not yet reflected in base rates. Adjusted net income and adjusted net income per share should not be considered in isolation or as a substitute for GAAP net income or GAAP earnings per share.

Management believes these non‑GAAP measures provide useful information because they offer a more complete view of our overall regulatory economics, reflect the period-specific effects of certain regulatory mechanisms designed to mitigate regulatory lag associated with property, plant and equipment placed in service prior to regulatory action, and reflect the impact of regulatory timing differences that arise under the Company's rate-setting framework. These adjustments, net of applicable tax effects, are expected to recur as a result of the Company's regulatory framework and are a consistent part of our earnings profile. A reconciliation of the Company's GAAP net income and GAAP earnings per share to adjusted net income and adjusted net income per share is provided in the Appendix. 

---------------------------------------------------------------------------------------------------------------------

ONE Gas, Inc. (NYSE: OGS) is a 100% regulated natural gas utility, and trades on the New York Stock Exchange and the NYSE Texas 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.

Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.3 million customers in Kansas, Oklahoma and Texas. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers.

For more information and the latest news about ONE Gas, visit onegas.com and follow its social channels: @ONEGas, Facebook, LinkedIn and YouTube.

Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The forward-looking statements relate to our anticipated financial performance, liquidity, management's plans and objectives for our future operations, our business prospects, the outcome of regulatory and legal proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. The following discussion is intended to identify important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "should," "goal," "forecast," "guidance," "could," "may," "continue," "might," "potential," "scheduled," "likely," and other words and terms of similar meaning.

One should not place undue reliance on forward-looking statements, which are applicable only as of the date of this news release. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Those factors may affect our operations, costs, liquidity, markets, products, services and prices. In addition to any assumptions and other factors referred to specifically in connection with the forward-looking statements, factors that could cause our actual results to differ materially from those contemplated in any forward-looking statement include, among others, the following:

our ability to recover costs, income taxes and amounts equivalent to the cost of property, plant and equipment, regulatory assets and our allowed rate of return in our regulated rates or other recovery mechanisms; cyber-attacks, which, according to experts, continue to increase in volume and sophistication, or breaches of technology systems that could disrupt our operations or result in the loss or exposure of confidential or sensitive customer, employee, vendor, counterparty, or Company information; further, increased remote working arrangements have required enhancements and modifications to our information technology infrastructure (e.g. Internet, Virtual Private Network, remote collaboration systems, etc.), and any failures of the technologies, including third-party service providers, that facilitate working remotely could limit our ability to conduct ordinary operations or expose us to increased risk or effect of an attack; our ability to manage our operations and maintenance costs; changes in regulation of natural gas distribution services, particularly those in Oklahoma, Kansas and Texas; the economic climate and, particularly, its effect on the natural gas requirements of our residential and commercial customers; the length and severity of a pandemic or other health crisis which could significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; competition from alternative forms of energy, including, but not limited to, electricity, solar power, wind power, geothermal energy and biofuels; adverse weather conditions and variations in weather, including seasonal effects on demand and/or supply, the occurrence of severe storms in the territories in which we operate, climate change, and the related effects on supply, demand, and costs; indebtedness could make us more vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional funds and/or place us at competitive disadvantage compared with competitors; our ability to secure reliable, competitively priced and flexible natural gas transportation, storage, and supply, including decisions by natural gas producers to reduce production or shut-in producing natural gas wells and expiration of existing supply and transportation and storage arrangements that are not replaced with contracts with similar terms and pricing; our ability to complete necessary or desirable expansion or infrastructure development projects, which may delay or prevent us from serving our customers or expanding our business; operational and mechanical hazards or interruptions; adverse labor relations; the effectiveness of our strategies to reduce earnings lag, revenue protection strategies and risk mitigation strategies, which may be affected by risks beyond our control such as commodity price volatility, counterparty performance or creditworthiness and interest rate risk; the capital-intensive nature of our business, and the availability of and access to, in general, funds to meet our debt obligations prior to or when they become due and to fund our operations and capital expenditures, either through (i) cash on hand, (ii) operating cash flow, or (iii) access to the capital markets and other sources of liquidity; our ability to obtain capital on commercially reasonable terms, or on terms acceptable to us, or at all; limitations on our operating flexibility, earnings and cash flows due to restrictions in our financing arrangements; cross-default provisions in our borrowing arrangements, which may lead to our inability to satisfy all of our outstanding obligations in the event of a default on our part; changes in the financial markets during the periods covered by the forward-looking statements, particularly those affecting the availability of capital and our ability to refinance existing debt and fund investments and acquisitions to execute our business strategy; actions of rating agencies, including the ratings of debt, general corporate ratings and changes in the rating agencies' ratings criteria; changes in inflation and interest rates; our ability to recover the costs of upstream transportation, storage, and natural gas purchased for our customers and any related financing required to support our purchase of natural gas supply; impact of potential impairment charges; volatility and changes in markets for natural gas and our ability to secure additional and sufficient liquidity on reasonable commercial terms to cover costs associated with such volatility; possible loss of local distribution company franchises or other adverse effects caused by the actions of municipalities; payment and performance by counterparties and customers as contracted and when due, including our counterparties maintaining ordinary course terms of supply and payments; changes in existing or the addition of new environmental, safety, tax, cybersecurity and other laws or regulations to which we and our subsidiaries are subject, including those that may require significant expenditures, significant increases in operating costs or, in the case of noncompliance, substantial fines or penalties; the effectiveness of our risk-management policies and procedures, and employees violating our risk-management policies; the uncertainty of estimates, including accruals and costs of environmental remediation; advances in technology, including technologies that increase efficiency or that improve electricity's competitive position relative to natural gas; population growth rates and changes in the demographic patterns of the markets we serve in Oklahoma, Kansas and Texas, and economic conditions in these areas; acts of nature and naturally occurring disasters; political unrest and the potential effects of threatened or actual terrorism and war; the sufficiency of insurance coverage to cover losses; the effects of our strategies to reduce tax payments; changes in accounting standards; changes in corporate governance standards; existence of material weaknesses in our internal controls; our ability to comply with all covenants in our indentures and the ONE Gas Credit Agreement, a violation of which, if not cured in a timely manner, could trigger a default of our obligations; our ability to attract and retain talented employees, management and directors, and shortage of skilled-labor; unexpected increases in the costs of providing health care benefits, along with pension and postemployment health care benefits, as well as declines in the discount rates on, declines in the market value of the debt and equity securities of, and increases in funding requirements for, our defined benefit plans; and our ability to successfully complete merger, acquisition or divestiture plans, regulatory or other limitations imposed as a result of a merger, acquisition or divestiture, and the success of the business following a merger, acquisition or divestiture. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other factors could also have material adverse effects on our future results. These and other risks are described in greater detail in Part 1, Item 1A, Risk Factors, in our Annual Report. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.

APPENDIX

ONE Gas, Inc.

CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended

March 31,

(Unaudited)

2026

2025

(Thousands of dollars, except
per share amounts)

Total revenues

$      831,711

$      935,190

Cost of natural gas

393,576

512,462

Operating expenses

Operations and maintenance

146,947

135,295

Depreciation and amortization

76,785

81,704

General taxes

24,811

25,230

Total operating expenses

248,543

242,229

Operating income

189,592

180,499

Other income (expense), net

(2,097)

518

Interest expense, net

(32,358)

(35,697)

Income before income taxes

155,137

145,320

Income taxes

(26,464)

(25,901)

Net income

$      128,673

$      119,419

Earnings per share

Basic

$            2.05

$           1.99

Diluted

$            2.04

$           1.98

Average shares (thousands)

Basic

62,913

60,077

Diluted

63,204

60,266

Dividends declared per share of stock

$           0.68

$           0.67

APPENDIX

ONE Gas, Inc.

CONSOLIDATED BALANCE SHEETS

March 31,

December 31,

(Unaudited)

2026

2025

Assets

(Thousands of dollars)

Property, plant and equipment

Property, plant and equipment

$     9,852,116

$     9,734,150

Accumulated depreciation and amortization

2,640,623

2,611,952

Net property, plant and equipment

7,211,493

7,122,198

Current assets

Cash and cash equivalents

11,354

10,620

Restricted cash and cash equivalents

11,639

23,107

Total cash, cash equivalents and restricted cash and cash equivalents

22,993

33,727

Accounts receivable, net

405,157

461,631

Materials and supplies

92,987

97,595

Income tax receivable

55,552

55,552

Natural gas in storage

123,920

176,451

Regulatory assets

61,487

49,504

Other current assets

34,544

41,424

Total current assets

796,640

915,884

Goodwill and other assets

Regulatory assets

252,048

256,225

Securitized intangible asset, net

226,359

233,786

Goodwill

157,953

157,953

Pension and other postemployment benefits

47,175

47,012

Other assets

133,933

120,026

Total goodwill and other assets

817,468

815,002

Total assets

$     8,825,601

$     8,853,084

APPENDIX

ONE Gas, Inc.

CONSOLIDATED BALANCE SHEETS

(Continued)

March 31,

December 31,

(Unaudited)

2026

2025

Equity and Liabilities

(Thousands of dollars)

Equity and long-term debt

Common stock, $0.01 par value:

authorized 250,000,000 shares; issued and outstanding 62,761,990 shares at March 31, 2026;
issued and outstanding 62,692,392 shares at December 31, 2025

$            628

$            627

Paid-in capital

2,530,435

2,530,137

Retained earnings

994,838

909,355

Accumulated other comprehensive income (loss)

(179)

4

Total equity

3,525,722

3,440,123

Other long-term debt, excluding current maturities, net of issuance costs

2,133,350

2,133,018

Securitized utility tariff bonds, excluding current maturities, net of issuance costs

206,970

223,020

Total long-term debt, excluding current maturities, net of issuance costs

2,340,320

2,356,038

Total equity and long-term debt

5,866,042

5,796,161

Current liabilities

Current maturities of other long-term debt, net of issuance costs

249,798

249,674

Current maturities of securitized utility tariff bonds, net of issuance costs

31,404

30,566

Notes payable

759,700

737,400

Accounts payable

137,587

222,102

Accrued taxes other than income

71,272

75,568

Regulatory liabilities

21,638

57,277

Customer deposits

54,901

52,871

Other current liabilities

75,980

106,400

Total current liabilities

1,402,280

1,531,858

Deferred credits and other liabilities

Deferred income taxes

999,420

963,874

Regulatory liabilities

441,041

451,620

Other deferred credits

116,818

109,571

Total deferred credits and other liabilities

1,557,279

1,525,065

Commitments and contingencies

Total liabilities and equity

$     8,825,601

$     8,853,084

APPENDIX

ONE Gas, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended

(Unaudited)

2026

2025

(Thousands of dollars)

Operating activities

Net income

$       128,673

$       119,419

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

76,785

81,704

Deferred income taxes

23,293

19,146

Share-based compensation expense

3,837

3,656

Provision for doubtful accounts

2,896

2,331

Changes in assets and liabilities:

Accounts receivable

53,578

(40,690)

Materials and supplies

4,608

3,681

Natural gas in storage

52,531

92,498

Asset removal costs

(13,081)

(11,089)

Accounts payable

(78,600)

(72,871)

Accrued taxes other than income

(4,296)

2,245

Customer deposits

2,030

(1,320)

Regulatory assets and liabilities - current

(51,927)

73,872

Regulatory assets and liabilities - noncurrent

5,894

9,425

Other assets and liabilities - current

(26,105)

(11,650)

Other assets and liabilities - noncurrent

(3,803)

7,102

Cash provided by operating activities

176,313

277,459

Investing activities

Capital expenditures

(156,533)

(166,597)

Other investing expenditures

(2,697)

(2,427)

Other investing receipts

5,130

1,179

Cash used in investing activities

(154,100)

(167,845)

Financing activities

Borrowings (repayments) of notes payable, net

22,300

(102,700)

Repayment of other long-term debt

(4)

(4)

Repayment of securitized utility tariff bonds

(15,356)

(14,547)

Dividends paid

(42,678)

(40,153)

Tax withholdings related to net share settlements of stock compensation

(4,050)

(2,559)

Construction advances

6,841

—

Cash provided by financing activities

(32,947)

(159,963)

Change in cash, cash equivalents, restricted cash and restricted cash equivalents

(10,734)

(50,349)

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period

33,727

78,537

Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period

$         22,993

$         28,188

Supplemental cash flow information:

Cash paid for interest, net of amounts capitalized

$         32,628

$         36,268

Cash paid (received) for state income taxes

$                —

$                —

Cash paid (received) for federal income taxes

$                —

$                —

APPENDIX

The following table reconciles the Company's GAAP net income and GAAP earnings per share to adjusted net income and adjusted net income per share:

ONE Gas, Inc.

Three Months Ended

March 31,

2026

2025

(Thousands of dollars, except per share amounts)

Net income - GAAP

$      128,673

$      119,419

Other income - deferred carrying cost (a)

4,725

648

Income taxes (a)

—

—

Adjusted net income - non-GAAP

$      133,398

$      120,067

Earnings per share - GAAP

Basic

$           2.05

$           1.99

Diluted

$           2.04

$           1.98

Adjusted net income per share - non-GAAP

Basic

$           2.12

$           2.00

Diluted

$           2.11

$           1.99

Average shares (thousands)

Basic

62,913

60,077

Diluted

63,204

60,266

(a) The allowance for earnings on shareholders' investment capitalized for regulatory purposes but not for financial reporting purposes
applied to property, plant and equipment placed in service, but not yet reflected in rates as authorized by our regulators or state law. This
increases book income but is non-taxable, creating a permanent tax difference.

ONE Gas, Inc.

2026 Financial Guidance: Reconciliation of non-GAAP to GAAP:

Low

Mid

High

(Thousands of dollars, except per share amounts)

Net income - GAAP

$      294,000

$      298,000

$       302,000

Other income - deferred carrying cost (a)

11,890

11,919

12,000

Income taxes (a)

—

—

—

Adjusted net income - non-GAAP

$      305,890

$      309,919

$       314,000

Earnings per share - GAAP

Basic

$           4.67

$           4.73

$            4.79

Diluted

$           4.65

$           4.71

$            4.77

Adjusted net income per share - non-GAAP

Basic

$           4.86

$          4.92

$           4.98

Diluted

$           4.83

$          4.89

$           4.95

Average shares (thousands)

Basic

62,995

62,995

62,995

Diluted

63,350

63,350

63,350

(a) The allowance for earnings on shareholders' investment capitalized for regulatory purposes but not for financial reporting purposes
applied to property, plant and equipment placed in service, but not yet reflected in rates as authorized by our regulators or state law. This
increases book income but is non-taxable, creating a permanent tax difference.

APPENDIX

ONE Gas, Inc.

INFORMATION AT A GLANCE

Three Months Ended

March 31,

(Unaudited)

2026

2025

(Millions of dollars)

Natural gas sales

$

769.9

$

870.4

Transportation revenues

40.1

43.8

Securitization customer charges

11.0

11.6

Other revenues

10.7

9.4

Total revenues

$

831.7

$

935.2

Cost of natural gas

393.5

512.5

Operating costs

171.8

160.5

Depreciation and amortization

76.8

81.7

Operating income

$

189.6

$

180.5

Net income

$

128.7

$

119.4

Capital expenditures and asset removal costs

$

169.6

$

177.7

Volumes (Bcf)

Natural gas sales

Residential

44.0

58.9

Commercial and industrial

15.0

19.2

Other

0.9

1.2

Total sales volumes delivered

59.9

79.3

Transportation

59.1

65.3

Total volumes delivered

119.0

144.6

Average number of customers (in thousands)

Residential

2,138

2,125

Commercial and industrial

163

165

Other

3

3

Transportation

11

12

Total customers

2,315

2,305

Heating Degree Days

Actual degree days

4,159

5,513

Normal degree days

5,232

5,231

Percent colder (warmer) than normal weather

(21) %

5 %

Statistics by State

Oklahoma

Average number of customers (in thousands)

939

934

Actual degree days

1,411

1,916

Normal degree days

1,798

1,797

Percent colder (warmer) than normal weather

(22) %

7 %

Kansas

Average number of customers (in thousands)

660

659

Actual degree days

2,070

2,610

Normal degree days

2,486

2,486

Percent colder (warmer) than normal weather

(17) %

5 %

Texas

Average number of customers (in thousands)

716

712

Actual degree days

678

987

Normal degree days

948

948

Percent colder (warmer) than normal weather

(28) %

4 %

Analyst Contact:

Erin Dailey

918-947-7441

Media Contact:

Leah Harper

918-947-7123

SOURCE ONE Gas, Inc.

ONE Gas (OGS - Free Report) reported $831.71 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 11.1%. EPS of $2.11 for the same period compares to $1.98 a year ago.

The reported revenue represents a surprise of -13.18% over the Zacks Consensus Estimate of $958.01 million. With the consensus EPS estimate being $2.13, the EPS surprise was -0.79%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how ONE Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Volumes - Natural gas sales - Transportation: 59,100.00 Mcf compared to the 64,969.62 Mcf average estimate based on two analysts.Volumes - Natural gas sales - Total volumes delivered: 119,000.00 Mcf versus 140,670.20 Mcf estimated by two analysts on average.Volumes - Natural gas sales - Total sales volumes delivered: 59,900.00 Mcf compared to the 75,700.59 Mcf average estimate based on two analysts.View all Key Company Metrics for ONE Gas here>>>

Shares of ONE Gas have remained unchanged over the past month versus the Zacks S&P 500 composite's +10% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Key Takeaways ONE Gas posted Q1 revenues of $831.7M, down 11.1% YoY, and missed estimates. OGS' natural gas volumes delivered fell 17.7% YoY to 119.0 billion cubic feet. ONE Gas expects 2026 adjusted EPS of $4.83-$4.95 and plans $800M in investments. ONE Gas, Inc. (OGS - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of $2.11, which missed the Zacks Consensus Estimate of $2.13 by 0.95%. The bottom line improved 6.03% from the year-ago quarter’s earnings.

OGS’ RevenuesONE Gas recorded revenues of $831.7 million, which missed the Zacks Consensus Estimate of $958 million by 13.15%. The top line also decreased 11.07% from $935.2 million in the prior-year quarter.

Highlights of OGS’ Q1 Earnings ReleaseTotal natural gas volumes delivered were 119.0 billion cubic feet, down 17.7% on a year-over-year basis. OGS served 2,315,000 customers, up 0.43% year over year.

Total operating expenses were $248.5 million, up 2.61% year over year. The increase in expenses was due to a rise in operations and maintenance expenses.

Operating income totaled $189.6 million, up 5.04% from $180.5 million recorded in the year-ago quarter.

OGS incurred net interest expenses of $32.4 million, down 9.35% on a year-over-year basis.

OGS’ Financial HighlightsAs of March 31, 2026, OGS had cash and cash equivalents of $23 million compared with $33.7 million as of Dec. 31, 2025.

Total long-term debt (excluding current maturities) was $2.34 billion as of March 31, 2026, compared with $2.36 billion as of Dec. 31, 2025.

Cash provided by operating activities in the first three months of 2026 was $176.3 million compared with $277.5 million in the year-ago period.

In the first quarter of 2026, capital expenditures were $156.5 million compared with $166.6 million in the year-ago period.

OGS’ 2026 GuidanceOGS expects its 2026 adjusted net income to be in the range of $306-$314 million.

The company projects 2026 adjusted earnings to be in the range of $4.83 to $4.95 per share. The Zacks Consensus Estimate for EPS is pegged at $4.78, which is below the company’s guidance.

ONE Gas projects its long-term adjusted net income to grow by 7-9% and adjusted net income per diluted share growth of 5-7% in its five-year financial plan.

In 2026, OGS plans to make capital investments, including asset removal costs, of $800 million and nearly $230 million for new customer extensions.

OGS’ Zacks RankCurrently, ONE Gas carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming ReleasesAtmos Energy (ATO - Free Report) is scheduled to report second-quarter fiscal 2026 results on May 6. The Zacks Consensus Estimate for ATO’s fiscal second-quarter EPS is pegged at $3.37, implying an increase of 11.22% from the prior-year figure.

The Zacks Consensus Estimate for the fiscal second-quarter sales is pinned at $2.24 billion, which suggests year-over-year growth of 14.77%.

UGI Corporation (UGI - Free Report) is set to report second-quarter fiscal 2026 results on May 6. The Zacks Consensus Estimate for UGI’s fiscal second-quarter EPS is pegged at $2.27, implying an increase of 2.71% from the prior-year figure.

The Zacks Consensus Estimate for fiscal second-quarter sales is pinned at $3.13 billion, which suggests year-over-year growth of 17.35%.

MDU Resources Group, Inc. (MDU - Free Report) is scheduled to report first-quarter 2026 results on May 7. The Zacks Consensus Estimate for MDU’s first-quarter EPS is pegged at 42 cents, reflecting an increase of 5% from the prior-year figure.

The Zacks Consensus Estimate for first-quarter sales is pinned at $702.32 million, which suggests year-over-year growth of 4.08%.

, /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced it will participate in the Bank of America Power, Utilities and Cleantech Conference on Wednesday, May 27, 2026, in New York City, New York. 

Curtis Dinan, president and chief operating officer, and Christopher Sighinolfi, senior vice president and chief financial officer, will be conducting a series of meetings with members of the investment community. 

The materials utilized at the conference are accessible on the ONE Gas website, www.onegas.com/investors/events-and-presentations.

ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility, and trades on the New York Stock Exchange and the NYSE Texas 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.

Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.3 million customers in Kansas, Oklahoma and Texas. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers.

For more information and the latest news about ONE Gas, visit onegas.com and follow its social channels: @ONEGas, Facebook, LinkedIn and YouTube. 

Analyst Contact:
Erin Dailey
918-947-7411

Media Contact:
Leah Harper
918-947-7123

SOURCE ONE Gas, Inc.

Natural gas distribution companies offer services to transport natural gas from the region of production to millions of consumers across the United States. The utilities under the Zacks Utility Gas Distribution industry control miles of underground pipeline network to provide natural gas services to customers. The rising demand for clean-burning natural gas will create more opportunities for natural gas distribution companies.

Atmos Energy Corporation (ATO - Free Report) is well positioned to benefit from rising natural gas demand, supported by its extensive transmission and distribution network, interstate pipelines and ongoing infrastructure investments. Meanwhile, continued capital spending and infrastructure expansion across key production regions are expected to support the growth prospects of Southwest Gas Holdings (SWX - Free Report) , Brookfield Infrastructure (BIPC - Free Report) and ONE Gas (OGS - Free Report) .

About the Industry The shale boom has greatly expanded natural gas production, while the fuel’s cleaner-burning properties continue to support demand from residential, commercial and industrial customers. Natural gas distribution pipelines are essential for moving gas from interstate and intrastate transmission networks to consumers through localized pipeline systems. The United States possesses approximately 3,353 trillion cubic feet of natural gas reserves and depends on a vast 2.5 million-mile pipeline network to supply customers nationwide. Despite these strengths, the industry continues to face challenges related to aging infrastructure and the rising costs associated with maintaining and upgrading pipeline networks. Increasing adoption of alternative clean energy sources may gradually weaken natural gas demand and pipeline usage over time.

3 Key Trends Reshaping the Gas Distribution Industry Increasing Competition From Other Clean Sources: Natural gas is encountering increasing competition from alternative clean energy sources. Advances in technology have significantly lowered the cost of developing utility-scale renewable energy projects. At the same time, battery storage systems are helping address the intermittency of renewable power and ensuring a stable, around-the-clock supply of clean energy. As renewable energy becomes more cost-effective and on-site generation reduces dependence on long-distance natural gas pipeline infrastructure, investments in new pipeline projects are facing growing economic challenges.

Aging Infrastructure Creates Challenges in Operations: The U.S. natural gas distribution industry continues to struggle with aging infrastructure, with many old pipelines still in operation, which are nearing the end of their effective service life. Even with ongoing upgrades and system expansion, millions of miles of pipelines still require maintenance, raising concerns about safety, methane leaks and overall system reliability. The leaks in pipelines are resulting in service disruptions, creating safety hazards and leading to higher maintenance costs.

Strong Gas Production & Rising Demand From Data Centers: According to the U.S. Energy Information Administration (“EIA”), U.S. natural gas production is surging to new historical highs. The EIA projects dry gas output to rise from a record 107.7 billion cubic feet per day (Bcf/d) in 2025 to 110.6 Bcf/d in 2026, driven primarily by strong drilling in the Permian and Haynesville regions. Utilities and midstream operators are experiencing growing electricity demand driven by the expansion of AI and digital infrastructure. To meet the reliable baseload power requirements of data centers, utilities are increasingly relying on natural gas generation. The natural gas pipeline operators play a very important role to transport the natural gas to the end users.

Zacks Industry Rank Indicates Weak Near-Term Prospects The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates weak near-term prospects. The Zacks Utility Gas Distribution industry — a 13-stock group within the broader Zacks Utilities sector — currently carries a Zacks Industry Rank #185, which places it in the bottom 24% of the 245 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s positioning in the bottom 50% of the Zacks-ranked industries results from a negative earnings outlook for the constituent companies in aggregate. Since June 2025, earnings estimates for 2026 have moved down 18.5%.

Before we present a few Gas Distribution stocks that you may want to consider for your portfolio, let us look at the industry’s recent stock-market performance and valuation picture.

Gas Distribution Industry Lags the S&P 500 and the Sector The Gas Distribution industry has underperformed the Zacks S&P 500 composite and its sector over the past year. The stocks in this industry have gained 10.4% in the said time frame compared with the Utility sector’s growth of 15.8%. The Zacks S&P 500 composite has gained 31.2% in the same time frame.

Price Performance (One Year)Gas Distribution Industry Trading at a Discount Since utility companies have a lot of debt on their balance sheets, the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio is commonly used to value them.

The industry is trading at a trailing 12-month EV/EBITDA of 11.32X compared with the Zacks S&P 500 composite’s 18.91X and the sector’s 15.58X.

 Over the past five years, the industry has traded at a high of 15.71X and a low of 11.32X, with a median of 11.9X.

Utility Gas Industry vs. S&P 500 (Past Five Years)

Utility Gas Industry vs. Sector (Past Five Years)
  4 Natural Gas Utility Stocks With Long-Term Potential Below are four stocks that have been witnessing positive earnings estimate revisions. 

Brookfield Infrastructure Corporation: This New York-based company supplies natural gas and electricity to its customers and frequently enters into agreements to pursue new growth opportunities. It signed a $5 billion deal with Bloom Energy to develop data center power solutions and formed a $20 billion partnership with Qai to support integrated AI facilities.

The current dividend yield is 4.38%. The Zacks Consensus Estimate for BIPC’s 2026 and 2027 earnings per share increased 1.58% and 1.37%, respectively, in the past 60 days. The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

Price and Consensus: BIPC

Atmos Energy: This Dallas, TX-based company is engaged in the regulated natural gas distribution and storage business. Atmos Energy plans to invest $4.2 billion in fiscal 2026 to strengthen its infrastructure further and efficiently serve more customers. The company continues to replace old pipelines and provide reliable services to its expanding customer base.

The current dividend yield of 2.37% is better than the Zacks S&P 500 composite’s 1.42%. Long-term (three to five years) earnings growth is currently pegged at 6.82%. The Zacks Consensus Estimate for ATO’s fiscal 2026 and 2027 earnings per share increased 1.58% and 1.37%, respectively, in the past 60 days. The company currently has a Zacks Rank #3 (Hold).

Price and Consensus: ATO

Southwest Gas Corporation: This Las Vegas, NV-based company provides regulated gas distribution and transmission services to its customers. Southwest Gas has plans to invest $6.3 billion in the 2026-2030 period. SWX’s natural gas operations have a diversified and growing customer base in three states, namely Arizona, Nevada and California. The current dividend yield is 2.99%. The Zacks Consensus Estimate for SWX’s 2026 per share increased 2.15% in the past 60 days. The company currently has a Zacks Rank #3.

Price and Consensus: SWX

ONE Gas Inc.: This Tulsa, OK- based 100% regulated natural gas distribution utility provides natural gas distribution services to more than 2.3 million customers. The company continues to make investments to strengthen its infrastructure and aims to invest $4 billion through 2029, a major portion of which will be directed toward system integrity and replacement projects. ONE Gas will invest $800 million in 2026 to further strengthen its operations.

The current dividend yield is 3.5%. Long-term earnings growth is pegged at 6.23%. The Zacks Consensus Estimate for OGS’ 2026 and 2027 earnings per share reflects year-over-year growth of 5.36% and 6.09%, respectively. The company currently has a Zacks Rank # 3.

Price and Consensus: OGS

NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Certara, Inc. (“Certara” or the “Company”) (NASDAQ:CERT) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.

[LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On May 11, 2026, Certara reported its first quarter 2026 financial results. Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million. In discussing the quarter, Certara stated that it saw “softer performance from Tier 1 customers in MIDD services” and that services performance was “mixed.” The Company also announced their exit from the regulatory business in their service segment. In response to a question about consistency between software and services performance, the Company stated that there had been “a lot of inconsistency and back and forth” over the last few quarters. On this news, the price of Certara shares declined by $1.18 per share, or approximately 19%, from $6.31 per share on May 8, 2026 to close at $5.13 on May 11, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired Certara securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
[email protected]

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Certara, Inc. (“Certara” or the “Company”) (NASDAQ:CERT) investors concerning the Company's and/or members of its senior management's possible violation of the federal securities laws or other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On May 11, 2026, Certara reported its first quarter 2026 financial results. Certara disclosed that services re.

NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Certara, Inc. (“Certara” or the “Company”) (NASDAQ:CERT) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.

[LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On May 11, 2026, Certara reported its first quarter 2026 financial results. Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million. In discussing the quarter, Certara stated that it saw “softer performance from Tier 1 customers in MIDD services” and that services performance was “mixed.” The Company also announced their exit from the regulatory business in their service segment. In response to a question about consistency between software and services performance, the Company stated that there had been “a lot of inconsistency and back and forth” over the last few quarters. On this news, the price of Certara shares declined by $1.18 per share, or approximately 19%, from $6.31 per share on May 8, 2026 to close at $5.13 on May 11, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired Certara securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP        
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
[email protected]

NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Certara, Inc. (“Certara” or the “Company”) (NASDAQ: CERT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Certara and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, Certara reported its first quarter 2026 financial results.  Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million.  In discussing the quarter, Certara said that it saw “softer performance from Tier 1 customers in MIDD services” and that services performance was “mixed.”  The Company also announced its exit from the regulatory business in their service segment.  In response to a question about consistency between software and services performance, Certara said that there had been “a lot of inconsistency and back and forth” over the last few quarters.  

On this news, Certara’s stock price fell $1.18 per share, or approximately 19%, to close at $5.13 on May 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

Ahead of hurricane season, Duke Energy Foundation awards $500,000 to strengthen storm preparedness across North Carolina Ahead of hurricane season, Duke Energy Foundation awards $500,000 to strengthen storm preparedness across North Carolina PR Newswire

CHARLOTTE, N.C., May 28, 2026

Since 2016, the Duke Energy Foundation has given more than $8.9 million to support emergency preparedness and storm response in North Carolina, /PRNewswire/ -- With the 2026 hurricane season beginning June 1, the Duke Energy Foundation is awarding $500,000 in grants to 20 nonprofit and local government partners across North Carolina to strengthen emergency preparedness, improve coordination during severe weather and support faster, safer recovery for communities statewide.

Our view

Kendal Bowman, Duke Energy's North Carolina president: "Preparation saves lives and shortens recovery. By investing in trusted local partners across North Carolina, we're helping communities strengthen emergency readiness before storms hit and ensuring responders have the tools they need when every minute counts."Positive response

Allison Taylor, regional executive, American Red Cross North Carolina Region: "The American Red Cross is grateful to Duke Energy for investing in the readiness of our region. Their support helps families and communities better prepare for storms and other disasters across the Carolinas."Lacy Pate, director of Disaster Recovery and Grant Assistance, NCACC Member Services Foundation: "We're grateful to the Duke Energy Foundation for its investment in the 100 Counties Prepared program. Because disaster recovery begins and ends at the local level, this support strengthens the readiness of county leaders – equipping them with the tools, relationships and knowledge to improve coordination, build resilience and respond when it matters most. With stronger local capacity, counties will be better positioned to act quickly, coordinate effectively and support their communities through every phase of storm response and recovery."Chief Andy Lipscomb, Davie Rescue Squad: "We are incredibly grateful to the Duke Energy Foundation for their generous $25,000 investment in Davie County's storm preparedness and rapid response capabilities. These funds will directly support the Davie Rescue Swiftwater Team by enhancing equipment and operational readiness for severe weather and flooding events. Partnerships like this strengthen our ability to protect lives, respond quickly during emergencies and better serve the citizens of Davie County when they need us most." High-impact investments: Funding will be used to:

American Red Cross: Support disaster preparedness, response and recovery programs across North Carolina, including volunteer training, emergency sheltering, supplies and community educationBurke County: Repair a rescue boat and purchase a drone to improve water-based response, wildfire monitoring and overall emergency response capabilitiesCaswell County: Build and equip a mobile shelter support unit with essential supplies and equipment to improve shelter readiness and operations during emergenciesCity of Winston-Salem: Build a mobile shelter support unit with a trailer and supplies to enable faster deployment and operation of emergency shelters during storms and power outagesCleveland County: Install a new outdoor warning siren in an unserved area and relocate an existing siren to improve emergency alerts and public safety during severe weatherCraven County Emergency Services: Purchase a drone to support search and rescue operations and conduct rapid damage assessments following stormsDavie Rescue Squad: Purchase upgraded swift water rescue equipment and protective gear, along with supporting advanced training for respondersEastern Band of Cherokee Indians: Deliver a multiday, contractor-led training program to strengthen incident planning, coordination and response capabilities among regional emergency responders during stormFriends and Neighbors of Swannanoa: Develop and pilot a scalable Community Emergency Response Team (CERT) starter kit, including training materials, equipment and instructor development, while launching and equipping a new CERT team in SwannanoaHenderson-Vance Emergency Operations: Purchase chainsaws and PPE for debris removal, expand shelter supplies and provide disaster preparedness kits and training to residentsHoke County: Replace outdated interoperable radios to ensure reliable emergency communications during storms and power outagesHuntsville Volunteer Fire Department: Purchase a UTV and fire rescue skid unit to improve access and response capabilities for wildland fires and remote rescuesInformation Technology Disaster Resource Center: Install permanent communications infrastructure at priority resiliency hubs, expand connectivity for vulnerable populations and document a scalable model for disaster-prone communitiesJohnston County Emergency Services: Purchase and distribute 250 storm preparedness kits with essential supplies to help vulnerable residents better prepare for severe weather and power outagesLawsonville Volunteer Fire Department: Purchase a fully equipped traffic control trailer to quickly secure hazardous areas, manage roadway safety and respond more efficiently during storm-related emergenciesMcDowell County: Equip emergency response vehicles with wildfire suppression tools, protective gear and specialty equipment to improve wildfire mitigation, response and community resilienceMoore County: Create a mobile disaster shelter support trailer stocked with supplies to expand shelter capacity and improve deployment during emergenciesNorth Carolina Association of County Commissioners Member Services Foundation: Expand a statewide storm preparedness initiative by supporting regional trainings, developing planning materials, and providing hands-on technical assistance to county leaders.Orange County: Install additional flood monitoring sensors to improve real-time data collection and early warning alerts in high-risk flood areasWilmington Area Rebuilding Ministry: Complete targeted home repairs that address storm-related structural risks for low-income homeowners, improving safety and reducing future damage and emergency incidentsDuke Energy Foundation
Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Madison McDonald

24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/ahead-of-hurricane-season-duke-energy-foundation-awards-500-000-to-strengthen-storm-preparedness-across-north-carolina-302784627.html

SOURCE Duke Energy

NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Certara, Inc. (“Certara” or the “Company”) (NASDAQ: CERT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Certara and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, Certara reported its first quarter 2026 financial results.  Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million.  In discussing the quarter, Certara said that it saw “softer performance from Tier 1 customers in MIDD services” and that services performance was “mixed.”  The Company also announced its exit from the regulatory business in their service segment.  In response to a question about consistency between software and services performance, Certara said that there had been “a lot of inconsistency and back and forth” over the last few quarters.  

On this news, Certara’s stock price fell $1.18 per share, or approximately 19%, to close at $5.13 on May 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Certara, Inc. ("Certara" or the "Company") (NASDAQ: CERT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Certara and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, Certara reported its first quarter 2026 financial results.  Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million.  In discussing the quarter, Certara said that it saw "softer performance from Tier 1 customers in MIDD services" and that services performance was "mixed."  The Company also announced its exit from the regulatory business in their service segment.  In response to a question about consistency between software and services performance, Certara said that there had been "a lot of inconsistency and back and forth" over the last few quarters.  

On this news, Certara's stock price fell $1.18 per share, or approximately 19%, to close at $5.13 on May 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

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Danielle Peyton 

Pomerantz LLP 

[email protected]  

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SOURCE Pomerantz LLP

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Certara, Inc. ("Certara" or "the Company") (NASDAQ: CERT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Certara reported its Q1 2026 financial results on May 11, 2026. The Company revealed a decline in services revenues and bookings. The Company blamed "softer performance from Tier 1 customers in MIDD services" Based on this news, shares of Certara fell by 19% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq.
310-301-3335
[email protected]

www.schallfirm.com

SOURCE The Schall Law Firm

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Certara, Inc. ("Certara" or the "Company") (NASDAQ: CERT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Certara and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 11, 2026, Certara reported its first quarter 2026 financial results.  Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million.  In discussing the quarter, Certara said that it saw "softer performance from Tier 1 customers in MIDD services" and that services performance was "mixed."  The Company also announced its exit from the regulatory business in their service segment.  In response to a question about consistency between software and services performance, Certara said that there had been "a lot of inconsistency and back and forth" over the last few quarters.  

On this news, Certara's stock price fell $1.18 per share, or approximately 19%, to close at $5.13 on May 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT: 

Danielle Peyton 

Pomerantz LLP 

[email protected] 

646-581-9980 ext. 7980 

SOURCE Pomerantz LLP

PERRYSBURG, Ohio, April 01, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its first quarter 2026 conference call and webcast for Wednesday, April 29, 2026, at 8 a.m. EDT. The Company’s news release for the first quarter 2026 earnings will be issued after the market closes on Tuesday, April 28.

What:         O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued.

When:         Wednesday, April 29, 2026, at 8 a.m. EDT

Where:         https://events.q4inc.com/attendee/136614099 or at www.o-i.com/investors, Events and Presentations page

The webcast will be archived at www.o-i.com/investors until April 2027.

ABOUT O-I GLASS

At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com /  Instagram / LinkedIn  

contact:

SASHA SEKPEH
Investor Relations Coordinator
[email protected]
567.336.5128

O-I Glass Announces First Quarter 2026 Earnings Conference Call and Webcast

Posted by Defense World Staff on Apr 15th, 2026

Shares of O-I Glass, Inc. (NYSE:OI – Get Free Report) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.7778.

Several research firms have issued reports on OI. Citigroup dropped their target price on O-I Glass from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a research report on Thursday, January 22nd. Royal Bank Of Canada dropped their target price on O-I Glass from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Finally, Zacks Research downgraded O-I Glass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd.

View Our Latest Stock Report on OI

Institutional Investors Weigh In On O-I Glass Several institutional investors have recently made changes to their positions in OI. Farther Finance Advisors LLC lifted its position in shares of O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of O-I Glass in the second quarter worth $29,000. Quarry LP purchased a new stake in shares of O-I Glass in the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd raised its position in shares of O-I Glass by 36,533.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after buying an additional 2,192 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Price Performance Shares of NYSE OI opened at $10.83 on Wednesday. The stock has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $13.32. O-I Glass has a 1-year low of $9.84 and a 1-year high of $16.91. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -12.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.84. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35.

O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. O-I Glass’s revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that O-I Glass will post 1.33 earnings per share for the current year.

O-I Glass Company Profile (Get Free Report)

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

See Also Five stocks we like better than O-I Glass

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The market expects O-I Glass (OI - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on April 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis glass container manufacturer is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -77.5%.

Revenues are expected to be $1.43 billion, down 8.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 9.9% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for O-I Glass?For O-I Glass, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +50.00%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that O-I Glass will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that O-I Glass would post earnings of $0.19 per share when it actually produced earnings of $0.20, delivering a surprise of +5.26%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

O-I Glass doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Glass Products industry, Apogee Enterprises (APOG - Free Report) , is soon expected to post earnings of $0.89 per share for the quarter ended March 2026. This estimate indicates no change from the year-ago quarter. Revenues for the quarter are expected to be $336.61 million, down 2.6% from the year-ago quarter.

The consensus EPS estimate for Apogee Enterprises has been revised 19% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.70%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Apogee Enterprises will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

On April 28, 2026, O-I Glass Inc OI shares fell 3.3%, closing at $10.24. The stock has experienced significant volatility, trading within a 52-week range of $9.84 to $16.91.

GF Value™ verdict: Current price of $10.24 is 25.3% below the GF Value™ of $13.70. GF Score™ of 71/100 indicates an above-average rating. Most notable signal: No insider transactions in the last 3 months. Is OI Overvalued or Undervalued? With a current share price of $10.24, O-I Glass Inc is trading 25.3% below its GF Value™ of $13.70. This indicates the stock is undervalued, presenting a potential opportunity for investors looking for bargains in the market. The GF Valuation label describes the stock as "Modestly Undervalued," suggesting that there is a margin of safety available for potential buyers. However, caution is warranted as the company has a financial strength rating of 4/10, which indicates a moderate level of risk associated with its financial stability.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Therefore, while the current price suggests an opportunity, the financial metrics must be carefully evaluated to ensure that the investment aligns with individual risk profiles.

How Does OI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 6.1x 6.4x The current forward P/E of 6.1x is slightly below the 5-year median P/E of 6.4x, indicating that O-I Glass Inc is trading below its historical valuation metrics. This analysis aligns with the GF Value™ verdict, reinforcing the conclusion that OI is currently undervalued based on its historical performance.

What Does OI's GF Score™ Tell Us? Metric Rating GF Score™ 71 Financial Strength 4/10 Profitability 6/10 Growth 3/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 71/100 suggests that O-I Glass Inc is positioned relatively well compared to other stocks. The strongest aspect of the score is the Valuation rank of 8/10, indicating that the stock is a good value at current prices. However, the weakest area is the Growth rank of 3/10, which highlights concerns regarding the company’s growth potential going forward. This mixed score suggests that while the stock is undervalued, the path to achieving its intrinsic value may be challenged by slower growth prospects.

What Are Insiders Doing with OI Stock? In the last three months, there have been no insider transactions for O-I Glass Inc. This lack of activity could indicate that insiders are either confident in the company's current direction or are waiting for more favorable conditions to make their moves. The absence of insider buying could be interpreted as a lack of conviction in the near-term performance of the stock, suggesting investors should consider this factor as part of their overall assessment.

What This Means for Investors Based on the GF Value™ of $13.70 and the current trading price of $10.24, O-I Glass Inc is considered undervalued. This may present an opportunity for potential investors looking to enter the stock at a lower price point. However, considerations regarding financial stability, growth potential, and insider confidence are essential before making any investment decisions.

For the complete analysis, visit the O-I Glass Inc OI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is OI's GF Score™?

OI has a GF Score™ of 71/100, indicating an above-average rating and a potential for generating higher long-term returns based on its historical performance.

Is OI overvalued or undervalued?

OI is currently undervalued, with a GF Value™ of $13.70 compared to its current price of $10.24, representing a 25.3% margin of safety.

What is OI's P/E ratio?

OI's forward P/E ratio is 6.1x, which is slightly below its 5-year median P/E of 6.4x, indicating that the stock is trading below its historical valuation metrics.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

O-I Glass (OI - Free Report) reported $1.54 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 1.7%. EPS of $0.05 for the same period compares to $0.40 a year ago.

The reported revenue represents a surprise of +7.77% over the Zacks Consensus Estimate of $1.43 billion. With the consensus EPS estimate being $0.09, the EPS surprise was -46.41%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how O-I Glass performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenue- Americas: $871 million versus $809.07 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.Geographic Revenue- Europe: $655 million compared to the $594.54 million average estimate based on two analysts. The reported number represents a change of -1.8% year over year.Net Sales- Other: $14 million compared to the $25.33 million average estimate based on two analysts. The reported number represents a change of -48.2% year over year.View all Key Company Metrics for O-I Glass here>>>

Shares of O-I Glass have returned +3.9% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

SAN DIEGO, April 29, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of O-I Glass, Inc. (NYSE: OI). The investigation focuses on O-I Glass’s executive officers and whether investor losses may be recovered under federal securities laws.

What if I purchased O-I Glass securities?
If you purchased O-I Glass securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471.
There is no cost or obligation to you.

Background of the investigation
On April 28, 2026, O-I Glass, Inc. reported its first quarter 2026 financial results. Among other things, the Company disclosed that its performance fell short of expectations, particularly in its European segment, where profitability declined significantly, with segment profit decreasing to approximately $0 from $68 million in the prior year period and segment margins declining from 10.2% to 0.0%.

In addition, O-I Glass lowered its full-year 2026 outlook, reducing its expected adjusted earnings per share to a range of $1.00 to $1.50, down from prior guidance of $1.65 to $1.90. The Company also reduced its adjusted EBITDA guidance and lowered its expectations for free cash flow. The Company attributed the weaker performance, in part, to increased energy costs and additional net pricing pressure in Europe.

Following this disclosure, O-I Glass’s stock price declined approximately 20%, damaging investors.

In light of this disclosure, Johnson Fistel is investigating whether O-I Glass complied with the federal securities laws. If you suffered losses from your investment in O-I Glass stock, contact Johnson Fistel.

About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.

Achievements
In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, reflecting the firm’s effectiveness in advocating for investors and recovering approximately $90,725,000 for clients in cases where it served as lead or co-lead counsel.

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Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471 | [email protected] | [email protected] 

PERRYSBURG, Ohio, May 04, 2026 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $500 million aggregate principal amount of its 9.500% senior notes due 2033 (the “Notes”) at par. The net proceeds to OBGC from the Offering are expected to be approximately $495 million, after deducting commissions but before offering expenses payable by OBGC. OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement. The Offering is expected to close on May 18, 2026, subject to the satisfaction of customary closing conditions.

OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).

The Notes and the guarantees have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws, and are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About O-I Glass

At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.

Forward-Looking Statements

This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.  

SOURCE: O-I Glass, Inc.

Owens-Brockway Glass Container Inc. Announces Pricing of Senior Notes Offering

PERRYSBURG, Ohio, June 04, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in Wells Fargo 16th Annual Industrials and Materials Conference on Wednesday, June 10, 2026.

O-I Glass Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 11:00 a.m. CT.

A live webcast of the presentation will be available at https:‌‌//event.summitcast.com/view/​QCgpAyoWWxBHCfAopjr‌‌3F6/​​V7k3FG4MjMxCC8DQsPwVgM ‌‌or can be accessed on the Company’s Investor Relations website, www.o-i.com/investors, Events and Presentations page.

The replay will be available through the above link within 24 hours of the presentation and will be archived for 90 days following the completion of the conference.

ABOUT O-I GLASS

At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com /  Instagram / LinkedIn  

CONTACT: 

SASHA SEKPEH
Sr. Finance Coordinator
[email protected]
567.336.5128

O-I Glass to Present at Wells Fargo 16th Annual Industrials and Materials Conference

RBC Bearings Incorporated (NYSE:RBC) will release earnings for its fourth quarter before the opening bell on Friday, May 15.

Analysts expect the Oxford, Connecticut-based company to report quarterly earnings of $3.32 per share, up from $2.83 per share in the year-ago period. The consensus estimate for RBC Bearings' quarterly revenue is $506.59 million (it reported $437.7 million last year), according to Benzinga Pro.

On Feb. 5, RBC Bearings posted better-than-expected earnings for the third quarter.

RBC Bearings shares fell 1.1% to close at $611.93 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Considering buying RBC stock? Here’s what analysts think:

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RBC Bearings Incorporated Announces Fiscal Fourth Quarter and Full Year 2026 Results RBC Bearings Incorporated (NYSE: RBC), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, aerospace and defense markets, today reported results for the fourth quarter and full year fiscal 2026.

Fourth Quarter Financial Highlights

Fourth quarter net sales of $518.0 million increased 18.3% over last year, Aerospace & Defense up 41.2% and Industrial up 5.5%. Gross margin of 44.4% for the fourth quarter of fiscal 2026 compared to 44.2% last year; Adjusted gross margin of 45.3% compared to 44.2% last year. Fourth quarter net income attributable to common stockholders as a percentage of net sales of 17.7% vs 16.6% last year; Adjusted EBITDA as a percentage of net sales of 32.6% vs 31.9% last year. Three Month Financial Highlights

($ in millions)

Fiscal 2026

Fiscal 2025

Change

GAAP

Adjusted (1)

GAAP

Adjusted (1)

GAAP

Adjusted (1)

Net sales

$518.0

$437.7

18.3%

Gross margin

$230.0

$234.9

$193.4

$193.4

18.9%

21.5%

Gross margin %

44.4%

45.3%

44.2%

44.2%

Operating income

$119.1

$124.3

$100.7

$101.6

18.3%

22.3%

Operating income %

23.0%

24.0%

23.0%

23.2%

Net income

$91.7

$114.9

$72.7

$89.3

26.1%

28.7%

Diluted EPS

$2.89

$3.62

$2.30

$2.83

25.7%

27.9%

(1) Results exclude items in reconciliation below.

Fiscal 2026 Financial Highlights

Fiscal 2026 net sales of $1,870.9 million increased 14.3% over last year, Aerospace & Defense up 32.9% and Industrial up 3.8%. Gross margin of 44.4% for fiscal 2026 compared to 44.4% last year; Adjusted gross margin of 45.2% compared to 44.4% last year. Fiscal 2026 net income attributable to common stockholders as a percentage of net sales of 15.4% vs 14.3% last year; Adjusted EBITDA as a percentage of net sales of 32.4% vs 31.8% last year. Twelve Month Financial Highlights

($ in millions)

Fiscal 2026

Fiscal 2025

Change

GAAP

Adjusted (1)

GAAP

Adjusted (1)

GAAP

Adjusted (1)

Net sales

$1,870.9

$1,636.3

14.3%

Gross margin

$830.2

$845.5

$726.1

$726.1

14.3%

16.4%

Gross margin %

44.4%

45.2%

44.4%

44.4%

Operating income

$421.0

$442.0

$369.9

$371.4

13.8%

19.0%

Operating income %

22.5%

23.6%

22.6%

22.7%

Net income

$287.6

$392.0

$246.2

$316.2

16.8%

24.0%

Net income attributable to common stockholders

$287.6

$392.0

$233.8

$303.8

23.0%

29.0%

Diluted EPS

$9.09

$12.39

$7.70

$10.01

18.1%

23.8%

(1) Results exclude items in reconciliation below.

Dr. Michael J. Hartnett, Chairman and Chief Executive Officer, stated, “We closed out fiscal year 2026 with another strong quarter, driven by continued expansion in our Aerospace & Defense segment and accelerating growth in our Industrial business. As we look ahead to fiscal year 2027, we remain highly encouraged by the strength of our operating environment and the momentum we are seeing across the businesses. This record year for RBC was a true team effort, and I want to thank our employees across the organization for their hard work, dedication, and continued commitment to serving our customers with excellence.”

Fourth Quarter Results

Net sales for the fourth quarter of fiscal 2026 were $518.0 million, an increase of 18.3% from $437.7 million in the fourth quarter of fiscal 2025. $30.0 of net sales this quarter came from VACCO, which we acquired on July 18, 2025. Net sales for the Industrial segment increased 5.5%, while net sales for the Aerospace & Defense segment increased 41.2%. Gross margin for the fourth quarter of fiscal 2026 was $230.0 million compared to $193.4 million for the same period last year. On an adjusted basis, gross margin was $234.9 million for the fourth quarter of fiscal 2026 compared to $193.4 million for the same period last year.

SG&A for the fourth quarter of fiscal 2026 was $86.9 million, an increase of $14.8 million from $72.1 million for the same period last year. As a percentage of net sales, SG&A was 16.8% for the fourth quarter of fiscal 2026 compared to 16.5% for the same period last year.

Other operating expenses for the fourth quarter of fiscal 2026 totaled $24.0 million compared to $20.6 million for the same period last year. For the fourth quarter of fiscal 2026, other operating expenses included $21.4 million of amortization of intangible assets, $0.2 million of acquisition costs, $0.1 of restructuring costs and $2.3 million of other items. For the fourth quarter of fiscal 2025, other operating expenses included $18.2 million of amortization of intangible assets, $0.9 million of restructuring costs, and $1.5 million of other items.

Operating income for the fourth quarter of fiscal 2026 was $119.1 million compared to $100.7 million for the same period last year. On an adjusted basis, operating income was $124.3 million for the fourth quarter of fiscal 2026 compared to $101.6 million for the same period last year. Refer to the tables below for details on the adjustments made to operating income to derive adjusted operating income.

Interest expense, net, was $11.2million for the fourth quarter of fiscal 2026 compared to $12.8 million for the same period last year. The decrease in interest expense between the periods was primarily due to the debt reduction efforts.

Other non-operating (income)/expense was $(1.0) million for the fourth quarter of fiscal 2026 compared to $(0.0) million for the same period last year.

Income tax expense for the fourth quarter of fiscal 2026 was $17.2 compared to $15.2 for the same period last year. The effective income tax rate for the fourth quarter of fiscal 2026 was 15.8% compared to 17.4% for the same period last year. The effective income tax rate for the fourth quarter of fiscal 2026 of 15.8% included a net $8.8 million tax benefit comprised primarily of revaluations of deferred taxes and valuation allowances, uncertain tax benefit statute of limitation lapses and true-ups, and stock-based compensation. The effective income tax rate without discrete items for the fourth quarter of fiscal 2026 would have been 23.8%. The effective income tax rate for the fourth quarter of fiscal 2025 of 17.4% included a $5.3 million net tax benefit comprised primarily of state nexus and apportionment changes based on fiscal 2024 tax income tax filings, the release of a valuation allowance in Canada, state nexus and apportionment changes based on fiscal 2024 income tax filings and stock-based compensation. The effective income tax rate without discrete items for the fourth quarter of fiscal 2025 would have been 23.4%.

Net income for the fourth quarter of fiscal 2026 was $91.7million compared to $72.7million for the same period last year. On an adjusted basis, net income was $114.9million for the fourth quarter of fiscal 2026 compared to $89.3million for the same period last year. Refer to the tables below for details on the adjustments made to net income to derive adjusted net income.

Diluted EPS for the fourth quarter of fiscal 2026 was $2.89 compared to $2.30 for the same period last year. On an adjusted basis, diluted EPS was $3.62 for the fourth quarter of fiscal 2026 compared to $2.83 for the same period last year. Refer to the tables below for details on the adjustments made to EPS to derive the adjusted numbers above.

Backlog as of March 28, 2026, was $2.3 billion compared to $2.1 billion as of December 27, 2025 and $0.9 billion as of March 29, 2025.

Outlook for the First Quarter Fiscal 2027

The Company expects net sales to be approximately $500.0 million to $510.0 million in the first quarter of fiscal 2027, compared to $436.0 million in the prior year, for a growth rate of 14.7% to 17.0%. Excluding $28.0 million of expected net sales from VACCO, net sales are expected to grow 8.3% to 10.6%. Adjusted gross margin is expected to be in the range of 45.25% to 45.5% and SG&A as a percentage of net sales is expected to be in the range of 16.50% to 16.75%.

Live Webcast

RBC Bearings Incorporated will host a webcast on Friday, May 15th, 2026, at 11:00 a.m. ET to discuss the quarterly results. To access the webcast, go to the investor relations portion of the Company’s website, investor.rbcbearings.com, and click on the webcast link. If you do not have access to the Internet and wish to listen to the call, dial 877-407-4019 (international callers dial +1 201-689-8337) and provide conference ID # 13760223. Investors are advised to dial into the call at least ten minutes prior to the call to register. An audio replay of the call will be available from 2:00 p.m. ET on the day of the call and will remain available for two weeks following the call. The replay can be accessed by dialing 877-660-6853 (international callers dial +1 201-612-7415) and providing conference ID # 13760223.

Non-GAAP Financial Measures

In addition to disclosing results of operations that are determined in accordance with U.S. generally accepted accounting principles (GAAP), this press release also discloses non-GAAP results of operations that exclude certain items. These non-GAAP measures adjust for items that management believes are unusual, as well as other non-cash items including but not limited to depreciation, amortization, and equity-based incentive compensation. Management believes that the presentation of these non-GAAP measures provides useful information to investors regarding the Company’s results of operations as these non-GAAP measures allow investors to better evaluate ongoing business performance. Investors should consider non-GAAP measures in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. A reconciliation of the non-GAAP measures disclosed in this press release with the most comparable GAAP measures are included in the financial table attached to this press release.

Free Cash Flow Conversion

Free cash flow conversion measures our ability to convert operating profits into free cash flow and is calculated as free cash flow (cash provided by operating activities less capital expenditures) divided by net income.

Adjusted Gross Margin and Adjusted Operating Income

Adjusted gross margin excludes the impact of restructuring costs associated with the closing of a plant, acquisition related fair value adjustments to inventory or significant adjustments to existing manufacturing processes or product lines. Adjusted operating income excludes acquisition expenses (including the impact of acquisition-related fair value adjustments in connection with purchase), restructuring and other similar charges, and other non-operational, non-cash or non-recurring losses or gains. We believe that adjusted operating income is useful in assessing our financial performance by excluding items that are not indicative of our core operating performance or that may obscure trends useful in evaluating our continuing results of operations.

Adjusted Net Income Attributable to Common Stockholders and Adjusted Earnings Per Share Attributable to Common Stockholders

Adjusted net income attributable to common stockholders and adjusted earnings per share attributable to common stockholders (calculated on a diluted basis) exclude non-cash expenses for amortization related to acquired intangible assets other than internal-use software, stock-based compensation, amortization of deferred finance fees, acquisition expenses (including the impact of acquisition-related fair value adjustments in connection with purchase), restructuring and other similar charges, significant adjustments to existing manufacturing processes or product lines, gains or losses on divestitures, discontinued operations, gains or losses on extinguishment of debt, and other non-operational, non-cash or non-recurring losses or gains, net of their income tax impact and other tax matters, which may include certain discrete items and reserve-related items. We believe that adjusted net income and adjusted earnings per share are useful in assessing our financial performance by excluding items that are not indicative of our core operating performance or that may obscure trends useful in evaluating our continuing results of operations.

Adjusted EBITDA

We use the term “Adjusted EBITDA” to describe net income adjusted for the items summarized in the “Reconciliation of GAAP to Non-GAAP Financial Measures” table below. Adjusted EBITDA is intended to show our unleveraged, pre-tax operating results and therefore reflects our financial performance based on operational factors, excluding non-operational, non-cash or non-recurring losses or gains. In view of our debt level, Adjusted EBITDA aids our investors in understanding our compliance with our debt covenants. Management and various investors use the ratio of total debt less cash to Adjusted EBITDA, or “net debt leverage,” as a measure of our financial strength and ability to incur incremental indebtedness when making investment decisions and evaluating us against peers. Lastly, management and various investors use the ratio of the change in Adjusted EBITDA divided by the change in net sales (referred to as “incremental margin” in the case of an increase in net sales or “decremental margin” in the case of a decrease in net sales) as an additional measure of our financial performance and some investors utilize it when making investment decisions and evaluating us against peers.

Adjusted EBITDA is not a presentation made in accordance with GAAP, and our definition of Adjusted EBITDA may vary from the definition used by others in our industry. Adjusted EBITDA should not be considered as an alternative to net income, income from operations, or any other performance measures derived in accordance with GAAP. Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP. For example, Adjusted EBITDA does not reflect (a) our capital expenditures, future requirements for capital expenditures or contractual commitments; (b) changes in, or cash requirements for, our working capital needs; (c) the significant interest expenses, or the cash requirements necessary to service interest or principal payments, on our debt; (d) tax payments that represent a reduction in cash available to us; (e) any cash requirements for the assets being depreciated and amortized that may have to be replaced in the future; or (f) the impact of earnings or charges resulting from matters that we and the lenders under our credit agreement may not consider indicative of our ongoing operations. In particular, our definition of Adjusted EBITDA adds back certain non-cash, non-operating or non-recurring charges that are deducted in calculating net income, even though these are expenses that may recur or vary greatly, are difficult to predict, and can represent the effect of long-term strategies as opposed to short-term results. In addition, certain of these expenses can represent the reduction of cash that could be used for other corporate purposes. Further, although not included in the calculation of Adjusted EBITDA below, the measure may at times (i) include estimated cost savings and operating synergies related to operational changes ranging from acquisitions to dispositions to restructurings and/or (ii) exclude one-time transition expenditures that we anticipate we will need to incur to realize cost savings before such savings have occurred.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. The Company is headquartered in Oxford, Connecticut.

Safe Harbor for Forward Looking Statements

Certain statements in this press release contain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including the following: the section of this press release entitled “Outlook”; any projections of earnings, revenue or other financial items relating to the Company, any statement of the plans, strategies and objectives of management for future operations; any statements concerning proposed future growth rates in the markets we serve; any statements of belief; any characterization of and the Company’s ability to control contingent liabilities; anticipated trends in the Company’s businesses; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words “may,” “would,” “estimate,” “intend,” “continue,” “believe,” “expect,” “anticipate,” and other similar words. Although the Company believes that the expectations reflected in any forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties beyond the control of the Company. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to general economic conditions, geopolitical factors including import/export tariffs, future levels of aerospace & defense and industrial market activity, future financial performance, our use of information technology systems, our disclosure controls and procedures and internal control over financial reporting, our debt level, our level of goodwill, market acceptance of new or enhanced versions of the Company’s products, the pricing of raw materials, changes in the competitive environments in which the Company’s businesses operate, increases in interest rates, the Company’s ability to acquire and integrate complementary businesses, and risks and uncertainties listed or disclosed in our reports filed with the Securities and Exchange Commission, including, without limitation, the risks identified under the heading “Risk Factors” set forth in the Company’s most recent Annual Report on Form 10-K filed with the SEC. The Company does not intend, and undertakes no obligation, to update or alter any forward-looking statements.

RBC Bearings Incorporated

Consolidated Statements of Operations

(dollars in millions, except per share data)

Three Months Ended

Twelve Months Ended

(Unaudited)

March 28,

March 29,

March 28,

March 29,

2026

2025

2026

2025

Net sales

$

518.0

$

437.7

$

1,870.9

$

1,636.3

Cost of sales

288.0

244.3

1,040.7

910.2

Gross margin

230.0

193.4

830.2

726.1

Operating expenses:

Selling, general and administrative

86.9

72.1

316.1

279.3

Other, net

24.0

20.6

93.1

76.9

Total operating expenses

110.9

92.7

409.2

356.2

Operating income

119.1

100.7

421.0

369.9

Interest expense, net

11.2

12.8

49.8

59.8

Other non-operating (income) / expense

(1.0

)

(0.0

)

1.9

(1.8

)

Income before income taxes

108.9

87.9

369.3

311.9

Provision for income taxes

17.2

15.2

81.7

65.7

Net income

91.7

72.7

287.6

246.2

Preferred stock dividends

-

-

-

12.4

Net income attributable to common stockholders

$

91.7

$

72.7

$

287.6

$

233.8

Net income per common share attributable to common stockholders:

Basic

$

2.91

$

2.32

$

9.14

$

7.76

Diluted

$

2.89

$

2.30

$

9.09

$

7.70

Weighted average common shares:

Basic

31,534,801

31,325,492

31,481,360

30,136,501

Diluted

31,710,228

31,546,961

31,634,888

30,354,470

Segment Data:

Three Months Ended

Twelve Months Ended

March 28,

March 29,

March 28,

March 29,

Net External Sales:

2026

2025

2026

2025

Aerospace & defense segment

$

222.1

$

157.3

$

788.0

$

592.8

Industrial segment

295.9

280.4

1,082.9

1,043.5

Total net external sales

$

518.0

$

437.7

$

1,870.9

$

1,636.3

Three Months Ended

Twelve Months Ended

Reconciliation of Reported Gross Margin to

March 28,

March 29,

March 28,

March 29,

Adjusted Gross Margin:

2026

2025

2026

2025

Reported gross margin

$

230.0

$

193.4

$

830.2

$

726.1

Transaction and related costs

5.7

-

13.2

-

Restructuring and consolidation

(0.8

)

-

2.1

-

Adjusted gross margin

$

234.9

$

193.4

$

845.5

$

726.1

Three Months Ended

Twelve Months Ended

Reconciliation of Reported Operating Income to

March 28,

March 29,

March 28,

March 29,

Adjusted Operating Income:

2026

2025

2026

2025

Reported operating income

$

119.1

$

100.7

$

421.0

$

369.9

Transaction and related costs

5.9

-

14.8

-

Restructuring and consolidation

(0.7

)

0.9

6.2

1.5

Adjusted operating income

$

124.3

$

101.6

$

442.0

$

371.4

Three Months Ended

Twelve Months Ended

Reconciliation of Reported Net Income to Adjusted Net

March 28,

March 29,

March 28,

March 29,

Income Attributable to Common Stockholders:

2026

2025

2026

2025

Reported net income

$

91.7

$

72.7

$

287.6

$

246.2

Transaction and related costs

5.9

-

14.8

-

Restructuring and consolidation

(0.7

)

0.9

6.2

1.5

M&A related amortization

19.5

16.4

73.7

65.6

Stock compensation expense

11.2

8.1

34.5

28.4

Amortization of deferred finance fees

0.6

0.7

3.0

2.4

Legal settlement

-

-

-

(4.0

)

Tax impact of adjustments and other tax matters*

(13.3

)

(9.5

)

(27.8

)

(23.9

)

Adjusted net income

$

114.9

$

89.3

$

392.0

$

316.2

Preferred stock dividends

-

-

-

12.4

Adjusted net income attributable to common stockholders

$

114.9

$

89.3

$

392.0

$

303.8

Adjusted net income per common share attributable

to common stockholders:

Basic

$

3.64

$

2.85

$

12.45

$

10.08

Diluted

$

3.62

$

2.83

$

12.39

$

10.01

Weighted average common shares:

Basic

31,534,801

31,325,492

31,481,360

30,136,501

Diluted

31,710,228

31,546,961

31,634,888

30,354,470

*Overall tax rate applied to adjusted pre-tax earnings was 21.0% and 21.7% for the three-month periods ended March 28, 2026 and March 29, 2025, respectively and 21.8% and 22.1% for the twelve-month periods ended March 28, 2026, and March 29, 2025, respectively.

Three Months Ended

Twelve Months Ended

Reconciliation of Reported Net Income to

March 28,

March 29,

March 28,

March 29,

Adjusted EBITDA:

2026

2025

2026

2025

Reported net income

$

91.7

$

72.7

$

287.6

$

246.2

Interest expense, net

11.2

12.8

49.8

59.8

Provision for income taxes

17.2

15.2

81.7

65.7

Stock compensation expense

11.2

8.1

34.5

28.4

Depreciation and amortization

33.4

30.1

128.8

120.0

Other non-operating (income) / expense

(1.0

)

(0.0

)

1.9

2.2

Transaction and related costs

5.9

-

14.8

-

Restructuring and consolidation

(0.7

)

0.9

6.2

1.5

Legal settlement

-

-

-

(4.0

)

Adjusted EBITDA

$

168.9

$

139.8

$

605.3

$

519.8

Consolidated Balance Sheets

(dollars in millions, except per share data)

March 28,

March 29,

2026

2025

Assets

Cash

$

57.3

$

36.8

Accounts receivable, net of allowance for credit losses

340.6

307.6

Inventory, net

762.8

654.5

Prepaid expenses and other current assets

29.1

28.4

Total current assets

1,189.8

1,027.3

Property, plant and equipment, net

419.0

359.0

Operating lease assets

68.7

58.6

Goodwill

2,003.4

1,872.2

Intangible assets, net

1,378.2

1,325.1

Other noncurrent assets

63.6

43.0

Total assets

$

5,122.7

$

4,685.2

Liabilities and Stockholders' Equity

Liabilities

Accounts payable

$

147.0

$

138.4

Accrued expenses and other current liabilities

214.7

166.0

Current operating lease liabilities

10.7

9.2

Current portion of long-term debt

173.8

1.7

Total current liabilities

546.2

315.3

Long-term debt, less current portion

701.7

918.4

Noncurrent operating lease liabilities

59.0

50.3

Deferred income taxes

267.3

257.8

Other noncurrent liabilities

187.5

112.0

Total liabilities

1,761.7

1,653.8

Stockholders' equity

Common stock, $.01 par value

0.3

0.3

Additional paid‑in capital

1,735.4

1,682.5

Accumulated other comprehensive income/(loss)

2.1

(1.4

)

Retained earnings

1,738.2

1,450.6

Treasury stock, at cost

(115.0

)

(100.6

)

Total stockholders' equity

3,361.0

3,031.4

Total liabilities and stockholders' equity

$

5,122.7

$

4,685.2

Consolidated Statements of Cash Flows

(dollars in millions)

Twelve Months Ended

March 28,

March 29,

2026

2025

Cash flows from operating activities:

Net income

$

287.6

$

246.2

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

128.8

120.0

Deferred income taxes

10.9

(26.8

)

Amortization of deferred financing costs

3.0

2.4

Stock-based compensation

34.5

28.4

Noncash operating lease expense

7.2

6.3

Loss on disposition of assets

0.6

0.4

Restructuring and other noncash charges

3.0

0.5

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

(19.4

)

(53.3

)

Inventory

(43.7

)

(32.3

)

Prepaid expenses and other current assets

10.5

(3.9

)

Other noncurrent assets

(16.7

)

0.5

Accounts payable

1.4

22.2

Accrued expenses and other current liabilities

(16.4

)

(2.3

)

Other noncurrent liabilities

24.4

(14.7

)

Net cash provided by operating activities

415.7

293.6

Cash flows from investing activities:

Capital expenditures

(73.1

)

(49.8

)

Proceeds from sale of assets

0.1

0.0

Acquisition of business

(276.7

)

-

Net cash used in investing activities

(349.7

)

(49.8

)

Cash flows from financing activities:

Proceeds received from revolving credit facilities

200.0

67.0

Repayments of revolving credit facilities

(5.0

)

(82.4

)

Repayments of term loans

(240.0

)

(262.0

)

Repayments of notes payable

(1.7

)

(1.6

)

Finance fees paid in connection with credit facilities

(1.8

)

-

Proceeds from mortgage

-

4.5

Principal payments on finance lease obligations

(4.6

)

(4.1

)

Preferred stock dividends paid

-

(17.2

)

Exercise of equity awards

24.2

34.9

Tax withholding for common stock issued under equity incentive plans

(14.4

)

(9.5

)

Net cash used in financing activities

(43.3

)

(270.4

)

Effect of exchange rate changes on cash

(2.2

)

(0.1

)

Cash:

Increase / (decrease) during the period

20.5

(26.7

)

Cash, at beginning of period

36.8

63.5

Cash, at end of period

$

57.3

$

36.8

Supplemental disclosures of cash flow information:

Cash paid for:

Income taxes

$

71.6

$

101.3

Interest

48.4

55.4

FY2027 Q1 Outlook - Modeling Items:

Net sales

$500.0 - $510.0

Adjusted gross margin (as a percentage of net sales)

45.25% - 45.5%

SG&A (as a percentage of net sales)

16.50% - 16.75%

View source version on businesswire.com: https://www.businesswire.com/news/home/20260515220342/en/