ONE Gas (OG9) Stock Price & Analysis
OG9 Stock Chart & Stats
- Day’s Range
- EUR 69.50 - EUR 70.00
- 52-Week Range
- EUR 62.00 - EUR 76.50
- Previous Close
- EUR 70.00
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- EUR 4.41B
- Enterprise Value
- EUR 8.23B
- Total Cash (Recent Filing)
- EUR 7.86M
- Total Debt (Recent Filing)
- EUR 3.39B
- Price to Earnings (P/E)
- 16.9
- Beta
- 0.03
- Next Earnings
- Nov 02, 2026 (Est.)
- EPS Estimate
- 0.42
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 3.32%
Bulls Say, Bears Say
Bulls Say
Regulated Utility Model
ONE Gas operates a regulated delivery model that supports recurring revenue and allows recovery of approved operating costs and invested capital. Commodity-cost pass-through mechanisms also limit direct exposure to gas prices, improving earnings visibility over the next several quarters.
Customer And Load Growth
Customer additions and contracted high-volume projects provide identifiable avenues for expanding the regulated revenue base. If placed into service as planned, these investments can add recurring delivery revenue and rate-base growth across ONE Gas’s existing territories.
Earnings Resilience And Regulatory Support
Improving earnings despite unusually warm weather indicates that customer growth, new rates, and regulatory mechanisms are supporting performance beyond weather-driven volumes. This resilience strengthens confidence in near-term earnings stability and ongoing infrastructure investment capacity.
Bears Say
Sharp Revenue Contraction
The steep TTM revenue decline creates uncertainty around the company’s current revenue run-rate, even though regulated earnings remain solid. Demand, weather normalization, rate timing, or other factors affecting reported revenue could continue to obscure underlying growth over the next several months.
Recurring Negative Free Cash Flow
Frequent free-cash-flow deficits show that capital spending has exceeded internally generated cash in several recent periods. Continued reliance on debt or equity funding can reduce financial flexibility and make growth plans more dependent on successful capital-market execution.
Meaningful Leverage
Meaningful leverage is common for regulated utilities, but it still limits flexibility if earnings weaken or capital needs remain heavy. Debt service and refinancing requirements may compete with infrastructure investment and shareholder returns, particularly alongside recurring free-cash-flow deficits.
ONE Gas News
OG9 FAQ
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ONE Gas Stock Smart Score
Company Description
ONE Gas
ONE Gas, Inc., along with its affiliated companies, functions as a regulated natural gas utility across the United States. Its operations are structured into three distinct divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. These divisions collectively deliver natural gas distribution services to approximately 2.2 million customers spanning three states. Its diverse clientele includes residential households, commercial enterprises, and transportation sector users. Pertaining to its infrastructure, as of December 31, 2021, the company maintained an extensive network comprising roughly 41,600 miles of distribution mains and 2,400 miles of transmission pipelines. Furthermore, it possessed a substantial natural gas storage capacity of 51.4 billion cubic feet. Established in 1906, ONE Gas, Inc. maintains its corporate headquarters in Tulsa, Oklahoma.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Robert S. McAnnally
- Employees
- 4,000
- Website
- www.onegas.com
- Address
- 15 East Fifth Street, Tulsa, OK, 74103, US
ONE Gas (OG9) Earnings & Revenues
OG9 Earnings Call
Earnings Call SentimentPositive
The call was broadly positive: management reported strong Q2 results with double-digit EPS growth, raised its full-year earnings expectation to the upper half of guidance, and highlighted significant growth opportunities (large-load projects, installed meters, and a deep project funnel) supported by constructive regulatory developments (notably Texas HB 4384 and recent GRIP/GSRS filings). Operational initiatives (insourcing) and cost discipline are expected to reduce O&M growth in the back half of the year. Headwinds include elevated O&M and fuel costs, timing volatility from weather and legislative accruals, and the dependency on project convertibility and remaining equity funding. Overall, the positives — stronger-than-expected earnings, tightened guidance to the upside, legislative tailwinds, and a healthy project pipeline — meaningfully outweigh the operational and timing risks discussed on the call.
View all DE:OG9 earnings summariesOG9 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 2 | 4 |
| Technical Analysis | 3 | 2 | 4 |
| Moving Averages | 12 | 0 | 0 |