ONE Gas, Inc. OGS R2K
Utilities · Utilities - Regulated Gas · United States
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.
READ MORE ›$77.74
+7.51% 1Y
Market & Price
Market Cap
$4.88B
Current Price
$77.74
High / Low (52W)
$89.89 / $69.24
Beta
0.71
Valuation
Stock P/E
17.55
Industry PE
19.80
Forward P/E
15.53
PEG Ratio
-
Book Value
$56.18
Price to Book
1.38
P/S
2.10
EV/EBITDA
10.59
Dividend Yield
3.50%
Profitability & Returns
ROCE
6.34%
ROE
8.15%
ROA
3.40%
Profit Margin
11.77%
Op Margin
22.66%
EPS (Latest Qtr)
$2.04
EPS (TTM)
$4.43
Balance Sheet & Liquidity
Debt/Equity
0.96
Quick Ratio
0.34
Current Ratio
0.57
Debt
$3.38B
Total Assets
$8.85B
Current Assets
$915.88M
Working Capital
$-615.97M
Ownership
Promoter Holding
1.05%
Chg in Prom Hold
0.00%
FII / Inst Holding
94.21%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$8.25B
Total Revenue (TTM)
$2.32B
EBITDA
$778.65M
Free Cash Flow
$-285.78M
Operating Cash Flow
$477.69M
Shares Outstanding
62.76M
Gross Margin
37.60%
Payout Ratio
60.72%
Growth (CAGR)
Revenue 5Y
-1.99%
Profit 5Y
6.02%
Revenue (YoY)
-11.10%
Earnings (YoY)
3.00%
PROS
- Attractive dividend yield of 3.50%.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -2.0% CAGR over 5 years.
- RSI at 23 suggests oversold conditions.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | OGS ONE Gas, Inc. R2K | 77.74 | 17.55 | $4.88B | 3.50% | 6.34% | 8.15% | -1.99% | 6.02% |
| 2 | NEE NextEra Energy, Inc. SPX | 87.01 | 22.08 | $181.47B | 2.86% | 4.79% | 10.32% | 9.36% | 18.12% |
| 3 | SO The Southern Company SPX | 92.05 | 23.54 | $103.77B | 3.30% | 5.93% | 10.99% | 0.31% | 7.09% |
| 4 | DUK Duke Energy Corporation SPX | 122.73 | 18.88 | $95.68B | 3.47% | 5.35% | 9.66% | 3.87% | 24.90% |
| 5 | AEP American Electric Power Company, Inc. NDXSPX | 126.67 | 18.74 | $68.92B | 3.00% | 5.68% | 12.58% | 3.66% | 15.77% |
| 6 | D Dominion Energy, Inc. SPX | 66.94 | 19.75 | $58.87B | 3.99% | 5.34% | 9.79% | 5.80% | 36.03% |
| 7 | SRE Sempra SPX | 89.13 | 30.32 | $58.26B | 2.95% | 3.04% | 5.69% | -1.73% | -4.95% |
| 8 | VST Vistra Corp. SPXAI | 160.23 | 26.79 | $54.03B | 0.57% | 7.08% | 42.90% | 8.92% | 58.98% |
| 9 | ETR Entergy Corporation SPX | 109.05 | 27.89 | $49.93B | 2.35% | 5.63% | 10.75% | -2.02% | 17.36% |
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Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 935.19M | 423.74M | 379.12M | 689.37M | 831.71M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 647.76M | 248.93M | 213.81M | 446.91M | 540.52M |
| Gross Profit | 262.98M | 176.84M | 170.50M | 231.42M | 272.63M | 189.47M | 179.94M | - | 287.25M | 197.12M | 188.37M | - | 288.05M | 198.36M | 187.02M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 287.43M | 174.81M | 165.31M | 242.46M | 291.19M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 106.93M | 102.96M | 99.93M | 102.73M | 101.60M |
| Operating Income | 109.00M | 31.27M | 24.95M | 73.90M | 116.07M | 43.62M | 30.89M | 78.53M | 129.44M | 48.37M | 45.09M | 93.83M | 130.29M | 41.04M | 36.24M | 80.86M | 127.62M | 46.89M | 38.78M | 81.97M | 133.20M | 44.61M | 40.68M | 130.34M | 51.10M | 41.81M | 140.76M | 58.57M | 47.05M | 149.23M | 64.02M | 57.20M | 145.86M | 69.28M | 59.45M | 180.50M | 71.86M | 65.38M | 139.73M | 189.59M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 262.72M | 153.74M | 144.68M | 220.38M | 264.28M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.70M | 35.28M | 35.37M | 36.46M | 32.36M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 145.32M | 39.15M | 32.37M | 104.62M | 155.14M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.90M | 7.12M | 5.91M | 18.31M | 26.46M |
| Net Income | 60.38M | 12.08M | 7.37M | 39.20M | 64.74M | 20.30M | 12.74M | 42.31M | 76.46M | 20.62M | 18.80M | 47.12M | 90.83M | 20.42M | 16.28M | 44.70M | 93.66M | 24.47M | 17.46M | 51.16M | 91.68M | 25.32M | 21.08M | 95.58M | 30.09M | 20.25M | 98.93M | 32.08M | 23.70M | 102.62M | 32.69M | 25.19M | 99.32M | 27.24M | 19.27M | 119.42M | 32.03M | 26.47M | 86.31M | 128.67M |
| Diluted EPS | 1.13 | 0.23 | 0.14 | 0.74 | 1.22 | 0.38 | 0.24 | 0.80 | 1.44 | 0.39 | 0.36 | 0.89 | 1.72 | 0.39 | 0.31 | 0.84 | 1.76 | 0.46 | 0.33 | 0.96 | 1.72 | 0.48 | 0.39 | 1.79 | 0.56 | 0.38 | 1.83 | 0.59 | 0.44 | 1.84 | 0.58 | 0.45 | 1.75 | 0.48 | 0.34 | 1.98 | 0.53 | 0.44 | 1.42 | 2.04 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 1.43B | 1.54B | 1.63B | 1.65B | 1.53B | 1.81B | 2.58B | 2.37B | 2.08B | 2.43B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | 1.93B | 1.64B | 1.31B | 1.56B |
| Gross Profit | 756.39M | 813.01M | 826.96M | 841.73M | 885.43M | 925.13M | - | - | - | - | 646.65M | 729.08M | 774.97M | 870.02M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 296.70M | 351.49M | 376.07M | 412.55M |
| Operating Income | 215.71M | 220.35M | 225.29M | 239.13M | 288.95M | 316.73M | 288.43M | 295.26M | 303.52M | 310.26M | 349.96M | 377.59M | 398.90M | 457.47M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 574.25M | 666.90M | 703.17M | 781.52M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 77.51M | 115.34M | 147.24M | 142.81M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 268.27M | 271.73M | 259.24M | 321.46M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 46.53M | 40.49M | 36.39M | 57.23M |
| Net Income | 96.51M | 99.19M | 109.79M | 119.03M | 140.09M | 163.00M | 172.23M | 186.75M | 196.41M | 206.43M | 221.74M | 231.23M | 222.85M | 264.22M |
| Diluted EPS | 1.84 | 1.90 | 2.07 | 2.24 | 2.65 | 3.08 | 3.25 | 3.51 | 3.68 | 3.85 | 4.08 | 4.14 | 3.91 | 4.37 |
Compounded Sales Growth
| 5 Years: | -1.99% |
| 1 Year: | -11.10% |
Compounded Profit Growth
| 5 Years: | 6.02% |
| 1 Year: | 3.00% |
Stock Price Performance
| 1 Year: | +7.51% |
| 6 Months: | -4.77% |
| 3 Months: | -10.35% |
| 1 Month: | -10.53% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 3.85B | 4.65B | 4.63B | 4.94B | 5.21B | 5.47B | 5.71B | 6.03B | - | 7.78B | 7.77B | 8.43B | 8.85B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 1.22B | 765.20M | 929.88M | 915.88M |
| Cash & Equivalents | 4.47M | 4.04M | 3.17M | 11.94M | 2.43M | 14.66M | 14.41M | 21.32M | 17.85M | 7.99M | - | 9.68M | 18.84M | 57.99M | 10.62M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | 340.08M | 264.75M | 252.85M | 274.05M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | 553.83M | 347.86M | 408.45M | 461.63M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | 5.19B | 5.01B | 5.32B | 5.41B |
| Current Liabilities | - | - | 769.08M | 392.43M | 304.22M | 443.93M | 673.33M | 698.89M | 872.74M | 797.08M | - | 1.19B | 1.48B | 1.46B | 1.53B |
| Long Term Debt | - | - | 1.32M | 1.20B | 1.19B | 1.19B | 1.19B | 1.29B | 1.29B | 1.58B | - | 2.66B | 2.16B | 2.39B | 2.36B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | 3.23B | 3.05B | 3.33B | 3.37B |
| Total Equity | 1.16B | 1.15B | 1.24B | 1.79B | 1.84B | 1.89B | 1.96B | 2.04B | 2.13B | 2.23B | - | 2.58B | 2.77B | 3.10B | 3.44B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 55.35M | 56.55M | 59.88M | 62.69M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 196.59M | 154.21M | 246.66M | 407.92M | 290.59M | 253.80M | 467.69M | 310.35M | 364.50M | - | 1.57B | 939.53M | 368.41M | 578.83M |
| Investing Cash Flow | -270.55M | -290.75M | -297.10M | -294.32M | -308.58M | -355.74M | -394.45M | -422.93M | -470.37M | - | -614.11M | -669.64M | -707.50M | -715.32M |
| Financing Cash Flow | 73.53M | 135.68M | 59.21M | -123.11M | 30.22M | 101.69M | -66.33M | 109.12M | 96.01M | - | -947.46M | -248.63M | 378.23M | 91.68M |
| Capital Expenditure | -272.01M | -292.08M | -297.10M | -294.32M | -309.07M | -356.36M | -394.45M | -417.32M | -471.35M | - | -609.49M | -666.63M | -703.16M | -707.23M |
| Free Cash Flow | -75.43M | -137.87M | -50.44M | 113.60M | -18.48M | -102.56M | 73.24M | -106.98M | -106.84M | - | 961.36M | 272.90M | -334.75M | -128.39M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | 9.28M | 21.26M | 39.15M | -44.81M |
| Share Buybacks | - | 0 | 0 | 24.12M | 24.07M | 17.51M | 0 | 0 | - | - | - | - | - | - |
| Dividends Paid | 0 | 0 | 43.70M | 62.83M | 73.21M | 87.95M | 96.59M | 105.42M | 114.37M | 123.91M | 133.95M | 144.09M | 149.46M | 160.71M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 62.0% | 60.1% | - | - | - | - | 25.1% | 30.7% | 37.2% | 35.8% |
| Operating Margin % | - | - | - | - | 20.2% | 20.6% | 17.7% | 17.9% | 19.8% | 17.2% | 13.6% | 15.9% | 19.1% | 18.8% |
| Net Margin % | - | - | - | - | 9.8% | 10.6% | 10.5% | 11.3% | 12.8% | 11.4% | 8.6% | 9.7% | 10.7% | 10.9% |
| ROE % | 8.4% | 8.0% | 6.1% | 6.5% | 7.4% | 8.3% | 8.4% | 8.8% | 8.8% | - | 8.6% | 8.4% | 7.2% | 7.7% |
| ROCE % | - | 7.2% | 5.3% | 5.5% | 6.4% | 7.0% | 6.0% | 6.1% | 5.8% | - | 5.3% | 6.0% | 5.7% | 6.2% |
Shareholding Pattern
Insiders
1.05%
Institutions
94.21%
Public Float
95.20%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 14.52% | 9.12M | $708.61M |
| 2 | Vanguard Portfolio Management LLC | 5.72% | 3.59M | $279.09M |
| 3 | American Century Companies Inc | 5.38% | 3.38M | $262.40M |
| 4 | State Street Corporation | 4.84% | 3.04M | $236.09M |
| 5 | Vanguard Capital Management LLC | 4.42% | 2.78M | $215.81M |
| 6 | Wellington Management Group, LLP | 4.15% | 2.61M | $202.54M |
| 7 | T. Rowe Price Investment Management, Inc. | 2.97% | 1.86M | $144.75M |
| 8 | Geode Capital Management, LLC | 2.52% | 1.58M | $122.90M |
| 9 | Alliancebernstein L.P. | 2.42% | 1.52M | $117.84M |
| 10 | Energy Income Partners, LLC | 2.12% | 1.33M | $103.48M |
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