Key Investment Considerations

  • Focused business strategy
    • 100% regulated natural gas distribution utility
    • One of the largest publicly traded natural gas distribution companies
  • Constructive regulatory environment
    • Multiple risk- and lag-mitigation mechanisms and riders
    • 71% fixed charges1
  • Significant scale
    • 2.2 million customers
    • Largest in Kansas and Oklahoma; 3rd largest in Texas
    • Rate base of approximately $3.3 billion2
  • Conservative financial profile
    • Equity capitalization of approximately 60 percent
    • Strong investment-grade credit ratings
    • Stable earnings and cash flow
    • Competitive dividend payout
1 Fixed percentage of total net margin on natural gas sales
2 As of February 2019

Latest Presentation

March 4, 2019 Investor Meetings
View this Presentation (PDF 7.76 MB)

At-a-glance

Key Statistics

  Kansas Oklahoma Texas Total
Average Number of Customers 639,410 876,635 662,496 2,178,541
Number of Employees 1,000 1,100 800 3,500*
Distribution – Miles 11,400 18,600 10,300 40,300
Transmission – Miles 1,600 700 300 2,600
High Density Cities Kansas City, Topeka, Wichita Oklahoma City, Tulsa Austin, El Paso 7 cities make up the majority of customers
Percentage of Customers in
Metropolitan Areas
59% 82% 77% 75%
Market Share - Customers Served 72% 88% 13%  
*Includes corporate employees

As of Dec. 31, 2018

 
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