Symbols / OGS Stock $77.30 +0.65% ONE Gas, Inc.

Utilities • Utilities - Regulated Gas • United States • NYQ
OGS (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Utilities
Industry Utilities - Regulated Gas
CEO Mr. Robert S. McAnnally J.D.
Exch · Country NYQ · United States
Market Cap 4.85B
Enterprise Value 8.22B
Income 273.48M
Sales 2.32B
FCF (ttm) -285.78M
Book/sh 56.18
Cash/sh 0.22
Employees 4,000
Insider 10d —
IPO Jan 16, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 60.72%
P/E 17.45
Forward P/E 15.44
PEG —
P/S 2.09
P/B 1.38
P/C —
EV/EBITDA 10.55
EV/Sales 3.54
Quick Ratio 0.34
Current Ratio 0.57
Debt/Eq 95.90
LT Debt/Eq —
EPS (ttm) 4.43
EPS next Y 5.00
EPS Growth 3.00%
Revenue Growth -11.10%
EPS Gr Q/Q 7.70%
Rev Gr Q/Q —
Earnings (next) 2026-08-04
Earnings (prior) 2026-05-04
ROA 3.40%
ROE 8.15%
ROIC —
Gross Margin 37.60%
Oper. Margin 22.66%
Profit Margin 11.77%
Shs Outstand 62.76M
Shs Float 62.09M
Insider Own 1.05%
Instit Own 94.18%
Short Float 6.13%
Short Ratio 5.99
Short Interest 2.93M
52W High 90.78
vs 52W High -14.85%
52W Low 70.87
vs 52W Low 9.07%
Beta 0.65
Impl. Vol. 3.13%
Rel Volume 0.55
Avg Volume 541.52K
Volume 298.34K
Target (mean) $90.22
Tgt Median $90.00
Tgt Low $78.00
Tgt High $103.00
# Analysts 9
Recom Buy
Prev Close $76.80
Price $77.30
Change 0.65%
About

ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company offers natural gas distribution services. As of December 31, 2025, it owned 43,200 miles of distribution pipelines and 2,200 miles of transmission pipelines. The company serves approximately 2.3 million residential, commercial, industrial, transportation, and wholesale customers in Oklahoma, Kansas, and Texas. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$90.22
Mean price target
2. Current target
$77.30
Latest analyst target
3. DCF / Fair value
$-81.96
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$77.30
Low
$78.00
High
$103.00
Mean
$90.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-18 main Truist Securities Buy → Buy $95
2026-05-12 init Wells Fargo — → Underweight $85
2026-04-21 main Morgan Stanley Equal-Weight → Equal-Weight $86
2026-04-21 init Truist Securities — → Buy $99
2026-02-24 main Stifel Hold → Hold $90
2025-12-17 main UBS Neutral → Neutral $83
2025-12-04 main B of A Securities Buy → Buy $92
2025-12-03 main Mizuho Outperform → Outperform $90
2025-11-18 main Mizuho Outperform → Outperform $87
2025-11-18 up UBS Sell → Neutral $86
2025-10-22 main Jefferies Buy → Buy $99
2025-09-26 up Mizuho Neutral → Outperform $86
2025-09-25 main Morgan Stanley Equal-Weight → Equal-Weight $66
2025-08-13 main Jefferies Buy → Buy $89
2025-06-18 main Morgan Stanley Equal-Weight → Equal-Weight $71
2025-05-22 main Morgan Stanley Equal-Weight → Equal-Weight $69
2025-05-07 main Guggenheim Neutral → Neutral $73
2025-05-07 main Wells Fargo Overweight → Overweight $89
2025-04-23 main Morgan Stanley Equal-Weight → Equal-Weight $74
2025-04-07 up Jefferies Hold → Buy $84
News
RSS: Latest OGS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-21 HUTCHINSON MICHAEL G Director — 1,700 $82.35 $139,995
2026-05-21 HART TRACY E. Director — 1,700 $82.35 $139,995
2026-05-21 MESHRI SANJAY D. Director — 1,700 $82.35 $139,995
2026-05-21 RODRIGUEZ EDUARDO A Director — 1,275 $82.35 $104,996
2026-03-06 RODRIGUEZ EDUARDO A Director — 850 $86.34 $73,389
2026-02-24 BRUMFIELD BRIAN F Officer — 1,000 $86.44 $86,440
2026-02-13 MCANNALLY ROBERT S Chief Executive Officer — 25,367 $86.04 $2,182,591
2026-02-13 BENDER MARK A Officer — 3,584 $86.04 $308,444
2026-02-13 KOUPLEN ANGELA E. Officer — 2,901 $86.04 $249,607
2026-02-13 SHORTRIDGE WILLIAM KENT Officer — 2,205 $86.04 $189,768
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,427.43
+16.50%
2,083.56
-12.16%
2,371.99
-7.99%
2,578.01
Operating Revenue
2,357.82
+17.80%
2,001.48
-12.89%
2,297.64
-10.10%
2,555.85
Cost Of Revenue
1,557.41
+19.01%
1,308.59
-20.35%
1,642.91
-14.93%
1,931.35
Reconciled Cost Of Revenue
1,557.41
+19.01%
1,308.59
-20.35%
1,642.91
-14.93%
1,931.35
Gross Profit
870.02
+12.26%
774.97
+6.29%
729.08
+12.75%
646.65
Operating Expense
412.55
+9.70%
376.07
+6.99%
351.49
+18.47%
296.70
Total Expenses
1,969.96
+16.94%
1,684.66
-15.53%
1,994.40
-10.49%
2,228.05
Operating Income
457.47
+14.68%
398.90
+5.64%
377.59
+7.90%
349.96
Total Operating Income As Reported
457.47
+14.68%
398.90
+5.64%
377.59
+7.90%
349.96
EBITDA
781.52
+11.14%
703.17
+5.44%
666.90
+16.13%
574.25
Normalized EBITDA
776.51
+11.01%
699.52
+5.66%
662.07
+13.87%
581.45
Reconciled Depreciation
317.26
+6.93%
296.70
+6.03%
279.83
+22.48%
228.48
EBIT
464.27
+14.22%
406.47
+5.01%
387.07
+11.94%
345.77
Total Unusual Items
5.02
+37.37%
3.65
-24.31%
4.83
+167.06%
-7.20
Total Unusual Items Excluding Goodwill
5.02
+37.37%
3.65
-24.31%
4.83
+167.06%
-7.20
Net Income
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Pretax Income
321.46
+24.00%
259.24
-4.60%
271.73
+1.29%
268.27
Net Non Operating Interest Income Expense
-142.81
+3.01%
-147.24
-27.65%
-115.34
-48.81%
-77.51
Interest Expense Non Operating
142.81
-3.01%
147.24
+27.65%
115.34
+48.81%
77.51
Net Interest Income
-142.81
+3.01%
-147.24
-27.65%
-115.34
-48.81%
-77.51
Interest Expense
142.81
-3.01%
147.24
+27.65%
115.34
+48.81%
77.51
Other Income Expense
6.80
-10.18%
7.57
-20.09%
9.48
+326.54%
-4.18
Other Non Operating Income Expenses
1.78
-54.50%
3.92
-15.72%
4.65
+54.28%
3.01
Gain On Sale Of Security
5.02
+37.37%
3.65
-24.31%
4.83
+167.06%
-7.20
Tax Provision
57.23
+57.30%
36.39
-10.15%
40.49
-12.96%
46.53
Tax Rate For Calcs
0.00
+26.94%
0.00
-5.84%
0.00
-17.22%
0.00
Tax Effect Of Unusual Items
0.89
+74.38%
0.51
-28.73%
0.72
+155.51%
-1.30
Net Income Including Noncontrolling Interests
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Net Income From Continuing Operation Net Minority Interest
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Net Income From Continuing And Discontinued Operation
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Net Income Continuous Operations
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Normalized Income
260.10
+18.38%
219.71
-3.26%
227.13
-0.23%
227.64
Net Income Common Stockholders
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Diluted EPS
4.37
+11.76%
3.91
-5.56%
4.14
+1.47%
4.08
Basic EPS
4.39
+11.99%
3.92
-5.77%
4.16
+1.71%
4.09
Basic Average Shares
60.16
+5.87%
56.83
+2.21%
55.60
+2.57%
54.21
Diluted Average Shares
60.51
+6.10%
57.03
+2.10%
55.86
+2.80%
54.34
Diluted NI Availto Com Stockholders
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Depreciation Amortization Depletion Income Statement
317.26
+6.93%
296.70
+6.03%
279.83
+22.48%
228.48
Depreciation And Amortization In Income Statement
317.26
+6.93%
296.70
+6.03%
279.83
+22.48%
228.48
Other Taxes
95.30
+20.06%
79.37
+10.76%
71.66
+5.05%
68.22
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
8,853.08
+5.07%
8,425.57
+8.42%
7,770.99
-0.07%
7,776.40
Current Assets
915.88
-1.51%
929.88
+21.52%
765.20
-37.16%
1,217.61
Cash Cash Equivalents And Short Term Investments
10.62
-81.69%
57.99
+207.91%
18.84
+94.56%
9.68
Cash And Cash Equivalents
10.62
-81.69%
57.99
+207.91%
18.84
+94.56%
9.68
Receivables
517.18
+11.93%
462.07
+31.34%
351.81
-36.48%
553.83
Accounts Receivable
461.63
+13.02%
408.45
+17.42%
347.86
-37.19%
553.83
Taxes Receivable
55.55
+3.60%
53.62
+1258.60%
3.95
—
Inventory
274.05
+8.38%
252.85
-4.49%
264.75
-22.15%
340.08
Restricted Cash
23.11
+12.49%
20.54
-0.05%
20.55
+143.33%
8.45
Other Current Assets
90.93
-33.35%
136.43
+24.86%
109.26
-64.24%
305.57
Total Non Current Assets
7,937.20
+5.89%
7,495.69
+6.99%
7,005.79
+6.82%
6,558.79
Net PPE
7,122.20
+7.17%
6,645.87
+8.32%
6,135.21
+9.00%
5,628.84
Gross PPE
9,734.15
+6.69%
9,124.13
+7.74%
8,468.97
+8.10%
7,834.56
Accumulated Depreciation
-2,611.95
-5.39%
-2,478.26
-6.19%
-2,333.76
-5.80%
-2,205.72
Construction In Progress
98.93
-40.65%
166.69
+26.81%
131.44
-12.41%
150.07
Goodwill And Other Intangible Assets
391.74
-7.59%
423.90
-6.13%
451.57
-6.27%
481.79
Goodwill
157.95
+0.00%
157.95
+0.00%
157.95
+0.00%
157.95
Other Intangible Assets
233.79
-12.09%
265.95
-9.42%
293.62
-9.33%
323.84
Other Non Current Assets
120.03
+14.28%
105.03
+11.00%
94.62
-19.35%
117.33
Total Liabilities Net Minority Interest
5,412.96
+1.73%
5,321.02
+6.31%
5,005.12
-3.60%
5,191.97
Current Liabilities
1,531.86
+5.05%
1,458.28
-1.28%
1,477.22
+24.20%
1,189.42
Payables And Accrued Expenses
297.67
-11.65%
336.93
-2.86%
346.85
-20.96%
438.85
Payables
297.67
-11.65%
336.93
-2.86%
346.85
-20.96%
438.85
Accounts Payable
222.10
-15.01%
261.32
-6.02%
278.06
-22.87%
360.49
Employee Benefits
—
—
20.27
+3.46%
19.59
Total Tax Payable
75.57
-0.05%
75.61
+9.91%
68.79
-12.20%
78.35
Current Debt And Capital Lease Obligation
1,017.64
+7.85%
943.57
+6.15%
888.91
+55.21%
572.73
Current Debt
1,017.64
+7.85%
943.57
+6.15%
888.91
+55.21%
572.73
Other Current Borrowings
280.24
+867.35%
28.97
-96.38%
800.41
+3761.51%
20.73
Current Deferred Liabilities
52.87
-6.00%
56.24
-9.56%
62.19
+7.49%
57.85
Current Deferred Revenue
52.87
-6.00%
56.24
-9.56%
62.19
+7.49%
57.85
Other Current Liabilities
163.68
+34.68%
121.53
-32.21%
179.27
+49.40%
119.99
Total Non Current Liabilities Net Minority Interest
3,881.10
+0.48%
3,862.75
+9.49%
3,527.90
-11.86%
4,002.55
Long Term Debt And Capital Lease Obligation
2,356.04
-1.23%
2,385.29
+10.41%
2,160.40
-18.84%
2,661.74
Long Term Debt
2,356.04
-1.23%
2,385.29
+10.41%
2,160.40
-18.84%
2,661.74
Defined Pension Benefit
47.01
+9.63%
42.88
+17.54%
36.48
—
Non Current Deferred Liabilities
1,073.44
+6.29%
1,009.90
+16.48%
867.02
+9.50%
791.78
Non Current Deferred Taxes Liabilities
963.87
+8.09%
891.74
+18.57%
752.07
+7.68%
698.46
Stockholders Equity
3,440.12
+10.81%
3,104.55
+12.24%
2,765.88
+7.02%
2,584.43
Common Stock Equity
3,440.12
+10.81%
3,104.55
+12.24%
2,765.88
+7.02%
2,584.43
Capital Stock
0.63
+4.67%
0.60
+6.02%
0.56
+2.17%
0.55
Common Stock
0.63
+4.67%
0.60
+6.02%
0.56
+2.17%
0.55
Share Issued
62.69
+4.70%
59.88
+5.89%
56.55
+2.16%
55.35
Ordinary Shares Number
62.69
+4.70%
59.88
+5.89%
56.55
+2.16%
55.35
Additional Paid In Capital
2,530.14
+10.27%
2,294.47
+13.10%
2,028.76
+4.97%
1,932.71
Retained Earnings
909.36
+12.32%
809.61
+9.74%
737.74
+13.17%
651.86
Gains Losses Not Affecting Retained Earnings
0.00
+103.17%
-0.13
+89.34%
-1.18
-67.90%
-0.70
Other Equity Adjustments
0.00
+103.17%
-0.13
+89.34%
-1.18
-67.90%
-0.70
Total Equity Gross Minority Interest
3,440.12
+10.81%
3,104.55
+12.24%
2,765.88
+7.02%
2,584.43
Total Capitalization
5,796.16
+5.58%
5,489.83
+11.44%
4,926.28
-6.10%
5,246.17
Working Capital
-615.97
-16.57%
-528.39
+25.79%
-712.02
-2625.87%
28.19
Invested Capital
6,813.80
+5.91%
6,433.40
+10.63%
5,815.19
-0.06%
5,818.90
Total Debt
3,373.68
+1.35%
3,328.86
+9.17%
3,049.32
-5.72%
3,234.47
Net Debt
3,363.06
+2.82%
3,270.86
+7.93%
3,030.48
-6.03%
3,224.79
Net Tangible Assets
3,048.38
+13.72%
2,680.64
+15.83%
2,314.30
+10.07%
2,102.64
Tangible Book Value
3,048.38
+13.72%
2,680.64
+15.83%
2,314.30
+10.07%
2,102.64
Current Notes Payable
737.40
-19.37%
914.60
+933.45%
88.50
-83.97%
552.00
Other Inventories
176.45
+9.47%
161.18
-13.85%
187.10
-30.50%
269.20
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
578.83
+57.12%
368.41
-60.79%
939.53
-40.19%
1,570.84
Cash Flow From Continuing Operating Activities
578.83
+57.12%
368.41
-60.79%
939.53
-40.19%
1,570.84
Net Income From Continuing Operations
264.22
+18.57%
222.85
-3.62%
231.23
+4.28%
221.74
Depreciation Amortization Depletion
317.26
+6.93%
296.70
+6.03%
279.83
+22.48%
228.48
Depreciation And Amortization
317.26
+6.93%
296.70
+6.03%
279.83
+22.48%
228.48
Other Non Cash Items
-52.27
+11.34%
-58.95
-143.56%
135.34
-89.46%
1,283.55
Stock Based Compensation
14.79
+7.70%
13.73
+12.71%
12.18
+13.43%
10.74
Provisionand Write Offof Assets
8.21
+22.40%
6.71
-30.86%
9.70
+61.55%
6.00
Deferred Tax
49.51
-53.52%
106.52
+329.99%
24.77
+212.43%
-22.03
Deferred Income Tax
49.51
-53.52%
106.52
+329.99%
24.77
+212.43%
-22.03
Change In Working Capital
-22.88
+89.56%
-219.15
-188.91%
246.47
+256.35%
-157.64
Change In Receivables
-63.32
+45.87%
-116.97
-160.82%
192.32
+190.02%
-213.66
Changes In Account Receivables
-61.39
+8.77%
-67.29
-134.28%
196.27
+191.86%
-213.66
Change In Inventory
-21.20
-278.15%
11.90
-84.20%
75.33
+171.38%
-105.54
Change In Payables And Accrued Expense
-35.44
-332.21%
-8.20
+91.77%
-99.61
-202.44%
97.23
Change In Payable
-35.44
-332.21%
-8.20
+91.77%
-99.61
-202.44%
97.23
Change In Account Payable
-35.40
-135.76%
-15.01
+83.33%
-90.05
-204.81%
85.92
Change In Other Working Capital
97.07
+191.68%
-105.88
-235.02%
78.42
+21.91%
64.33
Investing Cash Flow
-715.32
-1.11%
-707.50
-5.65%
-669.64
-9.04%
-614.11
Cash Flow From Continuing Investing Activities
-715.32
-1.11%
-707.50
-5.65%
-669.64
-9.04%
-614.11
Capital Expenditure
-707.23
-0.58%
-703.16
-5.48%
-666.63
-9.38%
-609.49
Capital Expenditure Reported
-707.23
-0.58%
-703.16
-5.48%
-666.63
-9.38%
-609.49
Net Other Investing Changes
-8.10
-87.02%
-4.33
-43.90%
-3.01
+34.93%
-4.62
Financing Cash Flow
91.68
-75.76%
378.23
+252.13%
-248.63
+73.76%
-947.46
Cash Flow From Continuing Financing Activities
91.68
-75.76%
378.23
+252.13%
-248.63
+73.76%
-947.46
Net Issuance Payments Of Debt
43.29
-84.46%
278.62
+250.90%
-184.63
+80.26%
-935.48
Issuance Of Debt
250.00
-1.37%
253.47
-15.39%
299.58
-52.71%
633.52
Repayment Of Debt
-29.51
+96.32%
-800.95
-3766.34%
-20.72
+98.73%
-1,627.00
Long Term Debt Issuance
250.00
-1.37%
253.47
-15.39%
299.58
-52.71%
633.52
Long Term Debt Payments
-29.51
+96.32%
-800.95
-3766.34%
-20.72
+98.73%
-1,627.00
Net Long Term Debt Issuance
220.49
+140.27%
-547.49
-296.32%
278.87
+128.07%
-993.48
Short Term Debt Issuance
—
—
0.00
-100.00%
393.93
Short Term Debt Payments
—
—
-484.22
0.00
Net Short Term Debt Issuance
-177.20
-121.45%
826.10
+278.23%
-463.50
-899.14%
58.00
Net Common Stock Issuance
212.18
-15.93%
252.38
+196.01%
85.26
-36.24%
133.71
Cash Dividends Paid
-160.71
-7.53%
-149.46
-3.72%
-144.09
-7.57%
-133.95
Net Other Financing Charges
-3.09
+6.51%
-3.30
+35.98%
-5.16
+56.02%
-11.74
Changes In Cash
-44.81
-214.46%
39.15
+84.15%
21.26
+129.22%
9.28
Beginning Cash Position
78.54
+99.40%
39.39
+117.28%
18.13
+104.78%
8.85
End Cash Position
33.73
-57.06%
78.54
+99.40%
39.39
+117.28%
18.13
Free Cash Flow
-128.39
+61.65%
-334.75
-222.67%
272.90
-71.61%
961.36
Interest Paid Supplemental Data
138.99
-6.71%
148.99
+84.56%
80.73
-4.88%
84.87
Income Tax Paid Supplemental Data
1.52
-92.69%
20.83
-0.09%
20.84
-69.08%
67.42
Change In Income Tax Payable
-0.04
-100.59%
6.82
+171.29%
-9.56
-184.47%
11.32
Change In Tax Payable
-0.04
-100.59%
6.82
+171.29%
-9.56
-184.47%
11.32
Common Stock Issuance
212.18
-15.93%
252.38
+196.01%
85.26
-36.24%
133.71
Issuance Of Capital Stock
212.18
-15.93%
252.38
+196.01%
85.26
-36.24%
133.71
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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