ONE Gas, Inc.

OGS

$80.85

+1.13%

2026-09-03 13:27:32 EDT+$0.90

Utilities

Regulated Gas

NYSE

Active Trading

ONE Gas, Inc., along with its affiliated companies, functions as a regulated natural gas utility across the United States. Its operations are ...

Price Action of OGS

$80.85

+1.13%+$0.90

High—

Low—

52W High-9.4%

Rel. vol—

Interval

Range6.1h

Volume—SMA5SMA10

—

ONE Gas, Inc. is a leading regulated natural gas utility in the United States, headquartered in Tulsa, Oklahoma. The company operates through three primary divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service, serving approximately 2.2 million residential, commercial, and transportation customers across Oklahoma, Kansas, and Texas. As ...ONE Gas, Inc. is a leading regulated natural gas utility in the United States, headquartered in Tulsa, Oklahoma. The company operates through three primary divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service, serving approximately 2.2 million residential, commercial, and transportation customers across Oklahoma, Kansas, and Texas. As of December 31, 2021, the company owned an extensive infrastructure network including approximately 41,600 miles of distribution mains, 2,400 miles of transmission pipelines, and natural gas storage capacity of 51.4 billion cubic feet. The company generates revenue primarily from natural gas distribution, with a gross profit margin of 74.6% as of the latest TTM. Key financial metrics indicate a market capitalization of approximately $5.03 billion, a price-to-earnings ratio of 17.2, and a dividend yield of 3.4%. The company has a debt-to-equity ratio of 0.96 and a return on equity of 8.4%. The leadership team, led by CEO Robert S. McAnnally, focuses on maintaining reliable and safe natural gas delivery, while also investing in modernizing infrastructure and exploring renewable energy opportunities. ONE Gas emphasizes sustainability and corporate responsibility, aiming to play an essential role in a sustainable energy future. With a workforce of approximately 4,000 employees, the company is committed to operational excellence and customer satisfaction.ExpandCollapse

Founded

2014

Employees

4000

CEO

Robert S. McAnnally

Full Name

ONE Gas, Inc.

Sector

Utilities

Industry

Regulated Gas

ROE

8.42%

Market Cap

$5.07B

Current Ratio

0.48

WACC

6.06%

ROIC

5.61%

Contact Information

https://www.onegas.com

918 947 7000

15 East Fifth Street, Tulsa, OK 74103

Key Metrics of OGS

Snapshot

Latest / TTM · 6 periods

Market Cap

$5.07B

ROCE

6.4%

EV / EBITDA

10.78x

+0.6% YoY

FCF Yield

-3.4%

-0.7% YoY

Cash Conversion Cycle

129.2d

Current Ratio

0.48

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of OGS

Profitability trend

Latest / TTM · 6 periods

Gross Margin

74.6%

Net Margin

12.5%

P/E Ratio

17.28x

n/a

Debt / Equity

0.96

n/a

Current Ratio

0.48

Dividend Yield

3.4%

Understanding

TTM —

Current ratio below 1.0

Calendar of OGS

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $4.89 · Revenue $2.47B · 6 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $5.05 · Revenue $2.55B · 6 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $0.60 · Revenue $268.90M · 2 analysts
Dec 30, 2028
Q4 FY2028 · Estimated results
Est. EPS $1.94 · Revenue $876.89M · 2 analysts

Recent history

Aug 31, 2026
Dividend payment
$2.70 per share
Aug 17, 2026
Ex-dividend date
$2.70 per share
Aug 5, 2026
Q2 FY2026 · Results reported
EPS $0.74 · Revenue $411.64M
View filing
May 5, 2026
Q1 FY2026 · Results reported
EPS $2.04 · Revenue $831.71M
View filing
Feb 19, 2026
FY2025 · Annual results
EPS $4.37 · Revenue $2.43B
View filing
Sep 30, 2025
Q3 FY2025 · Results reported
EPS $0.44 · Revenue $379.13M

Financial Statements of OGS

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$2.4B	+16.5%	-50.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$264.2M	+18.6%	-63.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+58.8%	+58.2%	+48.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+18.8%	-1.6%	-11.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+10.9%	+1.8%	-26.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-128.4M	+61.6%	+89.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-5.3%	+67.1%	+283.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	98.7%	-8.0%	+0.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.60x	-6.2%	-15.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$9.3B	+10.7%	-0.2%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	4.37 vs 4.38	-0.1%	0.74 vs 0.60	+23.3%
Revenue Surprise	$2.4B vs $2.6B	-4.8%	$411.6M vs $268.9M	+53.1%

Insider Transactions of OGS

Acquisitions (A)

Since Jun 9, 2026

Disposals (D)

Since Jun 9, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 11, 2026	STAVROPOULOS NICKOLAS	director	Phantom Stock	A	1,503	—
Jul 13, 2026	STAVROPOULOS NICKOLAS	—	—	—	0	—
Jun 9, 2026	McCormick Joseph L	other: See Remarks	Common stock, par value $0.01	A	825	$76.00
Jun 9, 2026	McCormick Joseph L	other: See Remarks	Common stock, par value $0.01	A	1,230	$76.00
Jun 9, 2026	McCormick Joseph L	other: See Remarks	Common stock, par value $0.01	D	362	$76.00

Earnings Call Transcript of OGS

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day and welcome to the 1 Gas Second Quarter Earnings Conference Call and Webcast. Today's conference is being recorded. Erin Dailey: At this time, I would like to turn the conference over to Erin Dailey. Please go ahead, ma'am. Operator: Good morning, everyone, and thank you for joining us on our second quarter 2026 earnings conference call. This call is being webcast live and a replay will be available later today. After our prepared remarks, we are happy to take your questions. Erin Dailey: A reminder that statements made during this call that might include 1 Gas' expectations or predictions should be considered forward looking statements and are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 2000 the Securities Act of 1.93 thousand and the Securities and Exchange Act of 1.93 thousand each as amended. Actual results could differ materially from those projected in any forward looking statement. For a discussion of factors that could cause actual results to differ, please refer to our SEC filings. This call will include financial results and guidance with respect to adjusted net income and adjusted net income per share which are non-GAAP financial measures as defined by the SEC. A reconciliation of the company's GAAP net income and GAAP earnings per share to adjusted net income and adjusted net income per share along with additional disclosures required by Regulation G are available in the earnings release that we issued yesterday. Joining us this morning are Sid McAnnally, chief executive officer Christopher Paul Sighinolfi, senior vice president and chief financial officer and Curtis Dinan, president and chief operating officer. And now I will turn the call over to Sid. Robert S. McAnnally: Thanks, Erin, and good morning, everyone. Our strong second quarter performance reflects solid execution across the business and the continued strength of our growth strategy. Supported by constructive jurisdictions. Adjusted EPS was $0.82 for the quarter, compared to $0.54 in the same period last year. Through the first half of the year, we have grown adjusted EPS by 16% over last year. Despite weather that was 25% warmer. Importantly, we delivered these results while keeping the average customer bill flat year over year and increasing our dividend. This balanced approach to operating a 100% regulated company is intentional. Our strategy is to strengthen our delivery system and grow the business through disciplined investment. While keeping our long term customer bill growth in line with inflation. Combined with the legislative and regulatory framework that supports investment, and economic development, We are able to deliver growth that is both durable and sustainable. The opportunity to serve large load customers continues to broaden across our service territory. Rising demand is being driven by ongoing electric load growth and the need for reliable, dispatchable energy. Interest from gas fired …

Leadership Team of OGS

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Robert S. McAnnally	CEO & Director	USD 2,420,666	Male	1964	Active
Curtis L. Dinan	President & COO	USD 1,106,204	Male	1968	Active
Christopher Paul Sighinolfi	Senior Vice President & Chief Financial Officer	USD 1,032,747	Male	1984	Active
Mark A. Bender	Senior Vice President of Administration & Chief Information Officer	USD 673,616	Male	1965	Active
W. Kent Shortridge	Senior Vice President of Operations & Customer Service	USD 621,447	Male	1967	Active
Brian F. Brumfield	Vice President, Chief Accounting Officer & Controller	—	Male	1968	Active
Erin Dailey	Director of Investor Relations & Sustainability	—	—	—	Active
Angela E. Kouplen	Senior Vice President & Chief Human Resources Officer	—	Female	1974	Active
Julie A. White	Vice President of Communications	—	Female	1972	Active
Regina L. Gregory	Senior Vice President, General Counsel & Assistant Corporate Secretary	—	Female	1971	Active

Recent News of OGS

Zacks Investment Research8/19/2026Neutral

Here's Why ONE Gas (OGS) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research8/17/2026Neutral

OGS vs. SWX: Which Utility Stock Has Greater Investment Potential?

ONE Gas and Southwest Gas go head-to-head on earnings growth, leverage, dividends, capital spending and stock performance amid rising gas demand.

Defense World8/13/2026Neutral

China Gas (OTCMKTS:CGHLY) and ONE Gas (NYSE:OGS) Critical Review

ONE Gas (NYSE: OGS - Get Free Report) and China Gas (OTCMKTS:CGHLY - Get Free Report) are both utilities companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, earnings, analyst recommendations, profitability, risk and dividends. Profitability This table compares ONE Gas and China

Defense World8/13/2026Neutral

Bank of America Corp DE Decreases Stock Holdings in ONE Gas, Inc. $OGS

Bank of America Corp DE lowered its stake in ONE Gas, Inc. (NYSE: OGS) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 503,289 shares of the utilities provider's stock after selling 16,407 shares during the quarter. Bank of America Corp DE owned

Seeking Alpha8/11/2026Neutral

Based On Its Current Valuation And Outlook, ONE Gas Looks More Compelling (Rating Upgrade)

ONE Gas is upgraded to Buy following a strong Q2 2026, with earnings and revenue beating expectations and guidance raised for the full year. ONE Gas benefits from recent rate increases across all three states, driving operating income growth despite lower revenues. ONE Gas trades at a 16.4x PE, below peers, with continued regulatory wins and constructive rate environments supporting its growth outlook.

Historical Employee Count of OGS

Current

4,000

Change

+2.56%

Minimum

3,600

Maximum

4,000

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	4,000	10-K	Feb 19, 2026	View
Dec 31, 2024	3,900	10-K	Feb 20, 2025	View
Dec 31, 2023	3,900	10-K	Feb 22, 2024	View
Dec 31, 2022	3,800	10-K	Feb 23, 2023	View
Dec 31, 2021	3,600	10-K	Feb 24, 2022	View

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ONE Gas, Inc.