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OGS

ONE Gas, Inc.

OGS

NYSE·Utilities·Regulated Gas·Mkt cap $4.8B

$76.90

+0.79%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$71.72 - $90.78

P/E

17.32

Fwd P/E

16.33

Beta

0.65

Div Yield

3.54%

Avg Vol

620.3K

Shares Out

62.8M

Mkt Cap

$4.8B

Price action

Price chart

Up 5.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Regulated monopoly utility with protected service territories in three states
  • Essential infrastructure serving 2.2 million customers with stable, predictable demand
  • Extensive pipeline network (41,600 miles of distribution mains) creating high barriers to entry
  • Significant natural gas storage capacity (51.4 billion cubic feet) ensuring operational reliability
  • Established market presence since 1906 with deep regional roots and customer relationships

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Moderate growth ahead

Population and economic growth in Oklahoma, Kansas, and Texas service territories

Value

Fairly valued vs Gas Utilities peers

Momentum

Weak

-14.2% over 3m

Quality

Excellent

Strong fundamentals

Dividend

Solid

3.54% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 4, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of $2.11 vs $2.13 consensus (-0.9% surprise). Revenue of $831.7M vs $969.4M expected (-14.2%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-0.9%

Next: Aug 4, 2026

Revenue trend · last 8Q

+4%

+23%

+20%

+11%

+9%

-11%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$354.1M

$340.4M

$630.7M

$935.2M

$423.7M

$379.1M

$689.4M

$831.7M

Margins · last 8Q

Gross

Operating

Profit

15.5%

Wall Street consensus

4 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

50%

Hold

2

50%

Sell

0%

Median Price Target

$86.00

+11.8% vs $76.90

Low $82.00
Median $86.00
High $99.00

Latest: BTIG · Jun 12, 2026

3 analysts covering

vs Industry

How OGS stacks vs Regulated Gas

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.