Inside the research
ONE Gas, Inc.
OGS Research profile · latest available data
Price overview
$71.80
▼ -0.15 (-0.2%)
| 52w hi | $89.14 |
|---|---|
| 52w lo | $71.80 |
| Vol | 715.40K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.53
| Short | -0.53 |
|---|---|
| Medium | -0.65 |
| Long | -0.29 |
computed 2026-09-27
Key fundamentals
ONE Gas, Inc.
Utilities · Utilities - Regulated Gas
| Market cap | $4.51B |
|---|---|
| Enterprise value | $7.90B |
| Trailing P/E | 15.47x |
| Forward P/E | 14.21x |
| EV / EBITDA | 10.06x |
| P / S (ttm) | 1.95x |
| Profit margin | 12.5% |
| Return on equity | 8.6% |
| Revenue growth | -2.9% |
| Earnings growth | +39.6% |
| Debt / equity | 95.90 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.28 | |
| Sector | -0.10 | |
| Technical | -0.28 | |
| Earnings | +0.00 | |
| Sentiment | -0.32 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.12 |
|---|---|
| Corr SPX | 0.10 |
| Annual vol | 19.5% |
| Annual ret | +0.7% |
| Sharpe | 0.04 |
| Max DD | -20.8% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-13 | Material Agreement, Material Obligation… | read |
| 2026-08-04 | Earnings Release, Reg FD Disclosure… | read |
| 2026-08-04 | Bylaws Amendment, Exhibits | read |
| 2026-07-13 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-07-08 | Reg FD Disclosure, Exhibits | read |
| 2026-05-27 | Shareholder Vote | read |
| 2026-05-26 | Reg FD Disclosure, Exhibits | read |
| 2026-05-12 | Reg FD Disclosure, Exhibits | read |
| 2026-05-04 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-07 | Reg FD Disclosure, Exhibits | read |
| 2026-02-24 | Reg FD Disclosure, Exhibits | read |
| 2026-02-24 | Material Agreement, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 96.2% |
| HHI | 4,486 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $251.93M | 3.27M |
| AQR Capital Management | $86.30M | 1.12M |
| Fidelity / FMR LLC | $22.46M | 291.44K |
| Norges Bank (Norway sovereign) | $12.39M | 160.76K |
| Capital Research / Capital World | $11.86M | 153.85K |
| Renaissance Technologies | $8.55M | 110.90K |
| Citadel Advisors | $4.32M | 56.03K |
| Millennium Management | $2.28M | 29.53K |
| T. Rowe Price Group | $6.71K | 87.04K |
As of 2026-06-30
Dividends
| Yield (TTM) | 1.88% |
|---|---|
| $ / share (TTM) | $1.35 |
| 5y CAGR | +4.4% |
Annual dividend per share
| 2021 | $2.32 |
|---|---|
| 2022 | $2.48 |
| 2023 | $2.60 |
| 2024 | $2.64 |
| 2025 | $2.68 |
| 2026 | $0.68 |
SEC Filings
The Long Run
FY 2013–2025 · 12 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.58B | +12.1% | |
| Gross profit | $841.73M | +48.0% | |
| Operating income | $457.47M | +27.8% | |
| Net income | $264.22M | +89.9% | |
| Cash from ops | $578.83M | +9.9% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $71.82 | $72.23 | $71.27 | $71.80 | 715.40K |
| Sep 24 | $72.65 | $73.10 | $71.60 | $71.95 | 569.80K |
| Sep 23 | $73.18 | $73.33 | $71.84 | $72.29 | 992.60K |
| Sep 22 | $74.26 | $74.43 | $73.49 | $73.57 | 553.80K |
| Sep 21 | $75.79 | $75.98 | $74.28 | $74.31 | 406.90K |
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