ONE Gas, Inc. (OGS) Stock Price & Analysis
ONE Gas, Inc. (OGS) closed at USD 78.25 on Thursday, October 22, 2026, up 3.57% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 75.55; the Oct 22, 2026 session ranged USD 76.22–78.3 on volume of 522,826 shares. Market capitalization is $4.92B, with a 52-week range of USD 70.37–90.78 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OGS.md
Key facts (OGS)
- Valuation: P/E 17.1x (avg 16.9x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold OGS (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.30 on a 1–5 scale) (10 analysts), mean target USD 85.5 (range 78–90).
- Total return with dividends: 1Y -1.7% vs S&P 500 +14.9%; 5Y +37.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 0.48, revenue estimate $390M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OGS)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.81B | $2.58B | — | — | — | — |
| Gross profit | $1.03B | $1.12B | — | — | — | — |
| Operating income | $310M | $350M | $378M | $399M | $457M | $477M |
| Net income | $206M | $222M | $231M | $223M | $264M | $288M |
| EPS (diluted) | $3.85 | $4.08 | $4.14 | $3.91 | $4.37 | — |
| Free cash flow | -$2.03B | $961M | $273M | -$335M | -$128M | -$173M |
| Gross margin | 57.1% | 43.4% | — | — | — | — |
| Operating margin | 17.2% | 13.6% | — | — | — | — |
| Net margin | 11.4% | 8.6% | — | — | — | — |
| Revenue growth | +18.2% | +42.5% | — | — | — | — |
| Cash + short-term investments | $8.9M | $9.7M | $18.8M | $103M | $10.6M | — |
| Total debt | $3.70B | $2.70B | $2.96B | $2.41B | $2.64B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (OGS)
P/E 17.1x · P/B 1.4x · FCF yield -3.51% · Earnings yield 5.86% · Dividend yield (paid, TTM) 3.37%
P/E at fiscal year-ends: Dec 2025 17.7x, Dec 2024 17.7x, Dec 2023 15.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (OGS)
1 of 80 tracked investors hold OGS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $12.4M | Added +49.9% |
Analysts (OGS)
Consensus Buy (mean 2.30 on a 1–5 scale), 10 analysts; mean target USD 85.5 (low 78, high 90).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Morgan Stanley | Target lowered | Equal-Weight | $79 → $78 |
| 2026-10-08 | Jefferies | Downgrade | Buy → Hold | $103 → $80 |
| 2026-09-29 | Scotiabank | Initiated | Sector Outperform | $86 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $82 → $79 |
| 2026-08-21 | Morgan Stanley | Target lowered | Equal-Weight | $86 → $82 |
| 2026-08-13 | Ladenburg Thalmann | Upgrade | Neutral → Buy | $85.5 |
| 2026-08-13 | Truist Securities | Target lowered | Buy | $89 → $87 |
| 2026-08-06 | Wells Fargo | Upgrade | Underweight → Equal-Weight | $85 |
| 2026-07-22 | Truist Securities | Target lowered | Buy | $95 → $89 |
| 2026-07-17 | Morgan Stanley | Target raised | Equal-Weight | $80 → $81 |
Total return (dividends reinvested) (OGS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -1.7% | +37.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -1.7% | +6.5% |
| Volatility (annualized) | 18.4% | 24.2% |
| Max drawdown | -19.6% (Apr 2026→Sep 2026) | -31.9% (Apr 2022→Nov 2023) |
OGS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.48 | $0.50 | -3.5% | $390.4M | 8 |
| Next quarter (ends Dec 2026) | $1.51 | $1.62 | -7.0% | $825.1M | 6 |
| Current fiscal year (ends Dec 2026) | $4.91 | $4.87 | +0.7% | $2.48B | 10 |
| Next fiscal year (ends Dec 2027) | $5.01 | $5.02 | -0.2% | $2.58B | 10 |
OGS options: expected move
Options price a move of about ±5.8% (±$4.58) by Nov 20, 2026, which includes earnings on Nov 2, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 22.8% | ±5.8% |
| Dec 18, 2026 | 56 | 20.4% | ±7.5% |
| Jan 15, 2027 | 84 | 21.2% | ±8.5% |
| Apr 16, 2027 | 175 | 22.4% | ±12.6% |
30-day implied volatility 20.5% vs 17.8% realized over the last 30 trading days. Put/call ratio (volume) 5. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:24 UTC)
| Price | USD 78.25 |
|---|---|
| Change | ▲ 3.57% (up) |
| Previous Close | USD 75.55 |
| Open | USD 76.03 |
| Day Range | USD 76.22 – 78.3 |
| 52-Week Range | USD 70.37 – 90.78 |
| Volume | 522,826 shares |
| Market Cap | $4.92B |
| Exchange | NYQ |
Technical Analysis (OGS)
Nexqual's technical model rates OGS "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:24 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.61 (neutral) |
| vs SMA50 | Above (USD 76.52) |
| MACD | 0.15 (positive) |
Analyst Ratings (OGS)
Wall Street analysts rate OGS "Buy" based on 10 analysts, with a mean price target of USD 85.5 (range USD 78–90), per Nexqual as of October 23, 2026 at 09:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 10 |
| Mean Target | USD 85.5 |
| High Target | USD 90 |
| Low Target | USD 78 |
| Buy / Hold / Sell | 6 / 4 / 0 |
Earnings (OGS)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.48 |
| Revenue Estimate | $390.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.82 vs est 0.64 ▲ beat |
| 2026-03-31 | USD 2.11 vs est 2.16 ▼ miss |
| 2025-12-31 | USD 1.42 vs est 1.43 ▼ miss |
| 2025-09-30 | USD 0.44 vs est 0.42 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financials & Fundamentals (OGS)
| Total Revenue | $2.31B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -2.90% |
| Gross Margin | +38.09% |
| Operating Margin | +19.85% |
| Profit Margin | +12.47% |
| ROE | +8.58% |
| Debt / Equity | 0.96 |
| Current Ratio | 0.48 |
| Total Cash | $10.73M |
| Total Debt | $3.39B |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financial Health Score (OGS)
Nexqual rates ONE Gas, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:24 UTC.
| Growth | Strong — Revenue +17% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 38%, operating 20% (last 12 months) |
| Balance Sheet | Weak — $11M cash and investments vs $2.64B debt (Dec 2025, SEC) |
| Cash Flow | Solid — Operating cash flow $579M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 9%, ROA 3.5% |
Ownership (OGS)
| Insider Ownership | +1.08% |
|---|---|
| Institutional Ownership | +95.52% |
| Shares Outstanding | 62.86M |
| Float | 62.16M |
| Short % of Float | +9.68% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Leadership (OGS)
ONE Gas, Inc. is led by Robert S. McAnnally, CEO & Director, per Nexqual as of October 23, 2026 at 09:24 UTC.
| CEO & Director | Robert S. McAnnally |
|---|---|
| President & COO | Curtis L. Dinan |
| Senior VP & CFO | Christopher Paul Sighinolfi C.F.A. |
| Senior Vice President of Operations & Customer Service | W. Kent Shortridge |
| Director of Investor Relations & Sustainability | Erin Dailey |
Major Backers & Investors (OGS)
Notable institutional backers of ONE Gas, Inc. include American Century Companies Inc, T. Rowe Price, Energy Income Partners, LLC, according to Nexqual as of October 23, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 5.64% |
| T. Rowe Price | 2.96% |
| Energy Income Partners, LLC | 2.81% |
| Alliancebernstein L.P. | 2.36% |
| First TRT Exch-Trd Fd. IV-First TRT North American Energy Infrastructu | 1.97% |
| AQR Capital Management, LLC | 1.78% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.48% |
| Vanguard Group | 10.4% |
| State Street | 5.2% |
| Geode Capital | 3.11% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
From ONE Gas, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We are the largest natural gas distributor in Oklahoma and Kansas and the third largest in Texas, in terms of customers.
- We invest capital to meet growing customer demand, support economic development, and manage our technology needs. •Serving Customers - We provide safe, reliable, and affordable energy to meet our customers' evolving energy needs.
- We do not anticipate problems with securing natural gas supply to satisfy customer demand; however, if supply shortages were to occur, we have curtailment provisions in our tariffs that allow us to reduce or discontinue natural gas service to large industrial users and to request that residential and commercial customers reduce their natural gas requirements to an amount essential for public health and safety.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to the federal, state, and local regulation of the safety of our systems and operations, including pipeline safety, system integrity, and the safety of our employees and facilities that may require significant expenditures or, in the case of noncompliance, substantial fines or penalties.
- We are subject to federal, state, and local laws, rules, and regulations that could impact our ability to earn a reasonable rate of return on our invested capital and to fully recover our invested capital, operating costs, and natural gas costs.
- We are subject to environmental regulations and legislation, including those intended to address climate change, which could increase our operating costs, adversely affecting our financial results, growth, cash flows, and results of operations.
- We are subject to federal, state, and local laws, rules and regulations that could affect our operations and financial results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SR | Spire Inc. | USD 85.56 | ▲ 3.7% |
| BIPC | Brookfield Infrastructure Corpo | USD 37.63 | ▲ 2.53% |
| NJR | NewJersey Resources Corporation | USD 53.63 | ▲ 2.94% |
| MDU | MDU Resources Group, Inc. | USD 19.37 | ▲ 1.31% |
| BKH | Black Hills Corporation | USD 79.31 | ▲ 0.97% |
| SWX | Southwest Gas Holdings, Inc. | USD 91.08 | ▲ 3.01% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:24 UTC. This page is informational and not investment advice.
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