Unai Emery feels confidence returning after Aston Villa end winless runThis story will be updated with transfer portal announcements and commitments throughout the offseason. A flurry of transfer news hit social media across the country as the winter college football transfer portal window opened on Monday. On Sunday, Iowa head coach Kirk Ferentz said the Hawkeyes “had some ideas of what” they were looking for in the portal, but noted the coaches’ inability to travel for recruiting purposes during the month of December. “The players have to come to us,” Ferentz said. “We are grounded right now. We cannot go anywhere. ... It takes two to tango. “The bottom line still is there has to be mutual interest. Let’s say there is a player we are interested in, I doubt we will be the only people that are interested with them. So, you are going to have to compete for that regard. It is kind of like anything else. We are what we are. If that is attractive to a prospect and attractive enough for him to come and take a look and get a better feel for things then that is good. If not, we will move on and find some guys who are interested. We have a good idea of where we would like to fortify our team.” Ferentz also noted that Iowa will not “reach” for a prospect just to fill a perceived weakness on the roster. “We are not going to fill a spot to fill a spot just to fill it with somebody we are not excited about,” Ferentz said. “It has got to be something that you feel good about on all ends. Obviously, the prospect has to feel the same way.” Additionally, the impending roster cap of 105 will impact the quantity of the Hawkeyes’ departures and the program’s ability to bring in new players. None Kaleb Brown, WR A former four-star prospect out of Chicago, Brown spent one season at Ohio State before transferring to Iowa for the 2023 season. The junior appeared in 14 games as a Hawkeye catching 23 passes for 233 yards and one touchdown. Brown departed the program on Monday, Oct. 7 Leshon Williams, RB Iowa’s top returning rusher entering the 2024 season, Williams fell behind Kamari Moulton and Kaleb Johnson in a crowded running back room. In four seasons at Iowa, Williams appeared in 32 games (13 starts) and rushed for 1,323 yards and three touchdowns. Williams departed the program on Monday, Oct. 7. He committed to Kansas on December 2. Jeff Bowie, DL A redshirt junior defensive lineman, Jeff Bowie appeared in three games with Iowa, but recorded no stats. Mike Farrell reported Bowie decision to enter the portal on November 20. Johnny Pascuzzi, TE A junior tight end from Olathe, Kansas, Pascuzzi appeared in 22 games over three seasons with Iowa, recording two receptions for 41 yards. Rivals’ Eliot Clough first reported Pascuzzi decision on Dec. 3. Cade McNamara, QB A former graduate transfer from Michigan, McNamara appeared in 13 games as Iowa’s starting quarterback, but suffered season-ending injuries in each of his two seasons with the Hawkeyes. He announced his intentions to enter the portal on Wednesday, Dec. 4. Rusty VanWetzinga IV, FB A former star linebacker and running back at Pleasant Valley High School, VanWetzinga, who’s younger brother Joey VanWetzinga signed with the Hawkeyes last week, appeared in four games for Iowa in 2024, but did not record any statistics. He announced his intentions to depart the program on Thursday, Dec. 5. James Resar, WR Iowa’s 2023 quarterback signee James Resar did not appear in his lone season at Iowa. A three-star prospect in 2023, the Hawkeyes moved him to wide receiver. Resar announced his intentions to transfer on Thursday, Dec. 5. Ayden Price, WR A redshirt freshman walk-on wide receiver from West Des Moines Valley, Price did not see action in either of his first two seasons with Iowa. Price announced his intentions to transfer on Saturday, Dec. 7 with three years of eligibility remaining. Cole Marsh, TE A walk-on freshman tight end, Cole Marsh did not appear in his lone season with the Hawkeyes. Marsh played both tight end and quarterback during his prep career at Waverly-Shell Rock High School. Marsh announced his intentions on Sunday, Dec. 8. Marco Lainez III, QB The Hawkeyes’ quarterback signee in the class of 2022, Lainez appeared in one game for Iowa, starting the 2024 Citrus Bowl against Tennessee. Lainez suffered a thumb injury on his left hand in 2024, limiting his availability for the final month of the season. He entered the portal on Monday, Dec. 9. Trent Cakerice, OL A walk-on freshman offensive lineman, Trent Cakerice did not appear in his lone season with the Hawkeyes after a standout career at Grundy Center. On3’s Blair Sanderson reported the news on Monday, Dec. 9. Jalyn Thompson, TE A redshirt freshman from Dowling Catholic High School, Thompson did not see action in either season with the Hawkeyes. He entered the portal on Monday, Dec. 9. Caden Crawford, DE A sophomore defensive lineman, Crawford appeared in four games in three seasons with the Hawkeyes, recording two total tackles. He entered the portal on Monday, Dec. 9 with two years of eligibility remaining. Grant Leeper, TE A redshirt freshman tight end, Leeper appeared in two games this season for Iowa, but did not record any statistics. He entered the portal on Monday, Dec. 9. Kyson Van Vugt, OL Originally a tight end, Van Vught moved to offensive line during his redshirt freshman season in 2023. Van Vugt entered the portal on Monday, Dec. 9 with two years of eligibility remaining. Ethan Aghakhan, DE A walk-on defensive lineman from Vernon Hills, Illinois, Aghakhan did not see action in his lone season with the Hawkeyes in 2024. He entered the portal on Monday, Dec. 9. Here are some options for Iowa football fans hoping to catch the final game of the 2024 season as the Hawkeyes face Missouri in the Music City Bowl. Iowa will face No. 19 Missouri for the second time since 1910 in the 2024 TransPerfect Music City Bowl. Two legacy recruits, a prototypical Iowa lineman, the top player in the state of Iowa and an alligator hunter headline Iowa's 2025 signing class. Get local news delivered to your inbox! 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TULSA, Okla. , Dec. 4, 2024 /PRNewswire/ -- ONE Gas, Inc. OGS today issued financial guidance for 2025 and updated its five-year growth rates. "We enter 2025 focused on creating long-term value for our stakeholders, supporting growing customer demand, and enhancing the safety and reliability of our system," said Robert S. McAnnally , president and chief executive officer. "Our strategic plan supports a long runway of growth opportunities and investments in system reinforcements." 2025 FINANCIAL GUIDANCE ONE Gas (the "Company") expects 2025 net income to be in the range of $254 million to $261 million, with earnings per diluted share of $4.20 to $4.32 . The midpoints of 2025 guidance are net income of $257 million and earnings per diluted share of $4.26 . The Company's 2025 earnings guidance includes the benefit of new rates and customer growth, partially offset by higher operating expenses, including employee-related and contractor costs, depreciation expense from capital investments, and interest expense. Capital investments, including asset removal costs, are expected to be approximately $750 million in 2025, primarily targeted for system integrity and replacement projects. Capital investments for extensions to new customers are expected to be approximately $180 million, largely due to continued growth opportunities in Texas and Oklahoma . The anticipated average rate base for 2025 is $5 .8 billion. The Company has outstanding forward sale agreements covering approximately 3.6 million shares of its common stock at an average price of approximately $77 per share. Had all forward shares been settled at the end of the third quarter, net proceeds would have been approximately $275 million . The Company expects to settle approximately $245 million of its outstanding equity under forward sale agreements at year-end 2024 and roll forward approximately $30 million to settlement in 2025. FIVE-YEAR FINANCIAL GROWTH RATES For the five years ending 2029, capital investments, including asset removal costs, are expected to be in the range of $750 million to $850 million per year, or approximately $4.0 billion for the five-year period, including growth capital of approximately $1.0 billion . Capital expenditures support estimated average rate base growth of 7% to 9% per year through 2029. Annual net income and diluted earnings per share are expected to increase by an average of 7% to 9% and 4% to 6%, respectively, over the long term and the Company expects to be at the high end of these respective ranges through 2029. Operating costs over the five-year period are expected to increase an average of approximately 4% per year, down from the 5% average annual increase indicated in the 2024 guidance. The Company estimates total net long-term financing needs for the period 2025 through 2029 of approximately $1.5 billion , of which approximately 40% is expected to be equity. Consistent with last year's guidance, the Company expects to achieve an average annual dividend growth rate of 1% to 2% through 2029, subject to the board of directors' approval, with a target dividend payout ratio of 55% to 65% of net income. CONFERENCE CALL, WEBCAST AND INVESTOR PRESENTATION The ONE Gas executive management team will conduct a conference call on Thursday, Dec. 5, 2024 , at 8 a.m. Eastern Standard Time ( 7 a.m. Central Standard Time ). The call also will be carried live on the ONE Gas website. To participate in the telephone conference call, dial 833-470-1428, passcode 934495, 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 866-813-9403, passcode 503269. Additional information can be found in the 2025 Financial Guidance investor presentation on the ONE Gas website at https://www.onegas.com/investors/financials-and-filings/guidance . Guidance estimates may be impacted by the variables in the forward-looking statements listed below. ONE Gas, Inc. OGS is a 100% regulated natural gas utility, and trades on the New York Stock Exchange under the symbol "OGS." ONE Gas is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States . 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, and 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 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 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 and other laws 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, and economic conditions in these areas' housing markets; acts of nature and the potential effects of threatened or actual terrorism and war, including recent events in Europe and the Middle East ; 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. Analyst Contact: Erin Dailey 918-947-7411 Media Contact: Leah Harper 918-947-7123 View original content to download multimedia: https://www.prnewswire.com/news-releases/one-gas-issues-2025-financial-guidance-302322972.html SOURCE ONE Gas, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.California to consider requiring mental health warnings on social media sites