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ONE Gas (MX:OGS)
:OGS

ONE Gas (OGS) Price & Analysis

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OGS Stock Chart & Stats

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Bulls Say, Bears Say

Bulls Say
Regulated Earnings BaseONE Gas operates an essential regulated distribution network, with commissions setting tariffs intended to recover prudent costs and provide an allowed return. Improving margins and steady ROE indicate that the core model continues to support relatively durable earnings through changing demand conditions.
Customer And Large-load GrowthNew meters and contracted high-volume projects expand the regulated customer and infrastructure base. The associated capital deployment can enlarge rate base and future delivery revenue, while the project pipeline provides several potential avenues for load-driven growth over the next several quarters.
Regulatory Recovery And EfficiencyApproved legislative benefits and rate mechanisms can improve recovery of infrastructure investment, while insourcing initiatives are intended to moderate operating-cost growth and improve safety. Together, these actions support earnings durability beyond a single quarter by strengthening both revenue recovery and efficiency.
Bears Say
Sharp Revenue DeclineThe steep TTM revenue contraction is a material weakness despite stable regulated profitability. It may reflect rate timing, weather normalization, demand, or other factors, but until the run-rate normalizes it creates uncertainty around the scale and persistence of revenue available to support future earnings.
Capital-intensive Cash FlowRepeated negative free cash flow shows that infrastructure investment currently exceeds internally generated cash after operating needs. While spending can support future rate-base growth, continued external funding reduces financial flexibility and makes execution of the capital plan more dependent on financing access.
Operating Cost PressureO&M growth above the company’s longer-term 3%–4% guide can pressure regulated earnings if cost recovery or efficiency improvements lag expense growth. Persistent labor, fleet, fuel, or service-cost inflation would make margin protection harder while the company expands its system.

ONE Gas News

OGS FAQ

What was ONE Gas’s price range in the past 12 months?
Currently, no data Available
What is ONE Gas’s market cap?
ONE Gas’s market cap is $85.75B.
    When is ONE Gas’s upcoming earnings report date?
    ONE Gas’s upcoming earnings report date is Nov 02, 2026 which is in 53 days.
      How were ONE Gas’s earnings last quarter?
      ONE Gas released its earnings results on Aug 04, 2026. The company reported $13.853 earnings per share for the quarter, beating the consensus estimate of $10.711 by $3.142.
        Is ONE Gas overvalued?
        According to Wall Street analysts ONE Gas’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does ONE Gas pay dividends?
          ONE Gas does not currently pay dividends.
          What is ONE Gas’s EPS estimate?
          ONE Gas’s EPS estimate is 8.04.
            How many shares outstanding does ONE Gas have?
            ONE Gas has 62,856,270 shares outstanding.
              What happened to ONE Gas’s price movement after its last earnings report?
              ONE Gas reported an EPS of $13.853 in its last earnings report, beating expectations of $10.711. Following the earnings report the stock price went same N/A.
                Which hedge fund is a major shareholder of ONE Gas?
                Currently, no hedge funds are holding shares in MX:OGS
                What is the TipRanks Smart Score and how is it calculated?
                Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                  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.

                  ONE Gas (OGS) Earnings & Revenues

                  OGS Earnings Call

                  Q2 2026
                  0:00 / 0:00
                  Earnings Call Sentiment|Positive
                  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 MX:OGS earnings summaries

                  OGS Stock 12 Month Forecast

                  Average Price Target

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