ONE Gas stock | 2026 forecast, price target & growth

ONE Gas

NYSE:OGS

$ 84,95

$-0,84 (-0,98%)

84,95 $

$-0,84 (-0,98%)

End-of-day quote: 03/27/2026

ONE Gas Stock Value

The analyst rating for ONE Gas is currently Outperform.

Outperform

ONE Gas Company Info

EPS Growth 5Y

3,50%

Market Cap

$5,33 B

Long-Term Debt

$2,36 B

Short Interest

4,66%

Quarterly earnings

05/05/2026 (E)

Dividend

$2,69

Dividend Yield

3,17%

Founded

1906

Industry

Utilities

Country

United States

ISIN Number

US68235P1084

Website

http://www.onegas.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$90,00

5.94%

Last Update: 03/28/2026

Analysts: 7

Highest Price Target $105,00

Average Price Target $90,00

Lowest Price Target $78,00

In the last five quarters, ONE Gas’s Price Target has risen from $56,40 to $73,83 - a 30,90% increase. Seven analysts predict that ONE Gas’s share price will increase in the coming year, reaching $90,00. This would represent an increase of 5,94%.

Top growth stocks in the utilities sector (5Y.)

What does ONE Gas do?

ONE Gas, Inc. provides natural gas distribution services. The company provides natural gas distribution services to approximately 2.3 million customers and are the largest natural gas distributor in Oklahoma and Kansas and the third largest in Texas, in terms of customers. The company primarily serves residential, commercial and transportation customers in all three states. The company's largest natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas...

ONE Gas, Inc. provides natural gas distribution services.

The company provides natural gas distribution services to approximately 2.3 million customers and are the largest natural gas distributor in Oklahoma and Kansas and the third largest in Texas, in terms of customers. The company primarily serves residential, commercial and transportation customers in all three states. The company's largest natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. The company's three divisions, Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, distribute natural gas to approximately 89 percent, 71 percent and 13 percent of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.

Strategy

The company is committed, first and foremost, to pursuing a zero-incident safety and 100-percent compliance culture. The company meets growing customer demand, support economic development, and manage its system investments for the long-term. The company focuses on reducing its emissions and supporting its customers' emission reduction efforts. The company provides reliable and affordable energy to its customers by efficiently managing its resources and leveraging technology solutions to enhance operational efficiency.

Supply

The company purchased 160 Bcf of natural gas supply in 2023. The company's natural gas supply portfolio consists of contracts with varying terms from a diverse group of suppliers. The company award these contracts through competitive-bidding processes to ensure reliable and competitively priced natural gas supply. The company acquires its natural gas supply from natural gas processors, marketers and producers.

In each jurisdiction in which the company operates, changes in customer usage are considered in the periodic redesign of its rates.

As of December 31, 2023, the company had 58.1 Bcf of natural gas storage capacity under contract with remaining terms ranging from one to ten years and maximum allowable daily withdrawal capacity of approximately 1.7 Bcf. This storage capacity allows the company to purchase natural gas during the off-peak season and store it for use in the winter periods. This storage is also needed to support the reliability of gas deliveries during peak demands for natural gas. Approximately 32 percent of the company's winter natural gas supply needs for its sales customers is expected to be supplied from storage.

Seasonality

The impact on the company's natural gas sales resulting from weather temperatures that are above or below normal is offset partially through its WNA (weather normalization adjustment) mechanisms.

Properties

The company leases approximately 300 thousand square feet of office space and other facilities for its operations. In addition, the company has 58.1 billion cubic feet (Bcf) of natural gas storage capacity under contract, with maximum allowable daily withdrawal capacity of approximately 1.7 Bcf.

Regulations

The company is subject to the regulations and oversight of the state and local regulatory authorities of the territories in which it operates. Rates and charges for natural gas distribution services are established by the Oklahoma Corporation Commission (OCC) for Oklahoma Natural Gas and by the Kansas Corporation Commission (KCC) for Kansas Gas Service. Rates and charges in the incorporated cities of the company's service areas in Texas are established by those cities, which have primary jurisdiction for their respective service areas. Rates and charges in the unincorporated areas of the company's service territory in Texas are established by the Railroad Commission of Texas (RRC). All appellate matters in Texas are subject to regulatory oversight by the RRC.

Oklahoma Natural Gas operates under a PBRC mechanism, which provides for streamlined annual rate reviews between rate cases to adjust rates for incremental capital investment and changes in revenue and allowed expenses. Kansas Gas Service files periodic rate cases with the KCC as needed. Texas Gas Service provides service to customers in various service areas. The company has natural gas financial hedging programs that have been authorized by the OCC, KCC and certain jurisdictions in Texas.

History

ONE Gas, Inc. was founded in 1906. The company was incorporated in 2013.

ONE Gas Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Natural Gas Supply: 100% (2025) **TOP 3 Markets:** 1. Oklahoma: approx. 40% 2. Kansas: approx. 35% 3. Texas: approx. 25% ONE Gas, Inc. is a pure natural gas supply company that generates its revenues entirely from providing natural gas services. The company's main mar...

At which locations are the company’s products manufactured?

**Main Business Segment:** Natural Gas Distribution ONE Gas, Inc. does not produce physical products in the traditional sense, as it is a utility company specializing in natural gas distribution. The company primarily operates its services in the U.S. states of Oklahoma, Kansas, and Texas. ONE Gas...

What strategy does ONE Gas pursue for future growth?

**Dividend Growth:** 6-8% annually (estimate based on historical data) **Capital Investments:** $650-750 million annually (estimate based on recent years) ONE Gas, Inc. pursues a growth strategy focusing on continuous investment in infrastructure and increasing operational efficiency. The company...

Which raw materials are imported and from which countries?

**Primary raw material:** Natural gas **Main importing countries:** USA (domestic production) ONE Gas, Inc. is a US-based company specializing in the distribution of natural gas. As the company operates mainly in the states of Oklahoma, Kansas, and Texas, it sources the majority of its natural gas...

How strong is the company’s competitive advantage?

**Market Share:** Approximately 10% in the US gas supply market (estimated, 2025) **Customer Base:** Over 2 million customers in three states (2025) **Dividend Yield:** 3.5% (2025) ONE Gas, Inc. has a significant competitive advantage due to its strong regional presence in the states of Oklahom...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 90% (estimated for 2025 based on historical data) **Insider Buys/Sells:** No significant transactions in the last year (estimated) ONE Gas, Inc. has traditionally had a high institutional investor share, which has historically been around 90%. This d...

What percentage market share does ONE Gas have?

**Market share of ONE Gas, Inc.:** Estimated around 5% (2025) **Top competitors and their market shares:** 1. **Atmos Energy Corporation:** around 15% 2. **CenterPoint Energy, Inc.:** around 12% 3. **Southwest Gas Holdings, Inc.:** around 10% 4. **Spire Inc.:** around 8% 5. **ONE Gas, Inc.:** aroun...

Is ONE Gas stock currently a good investment?

**Revenue Growth:** 3.5% (2024) **Profit Growth:** 4.2% (2024) **Dividend Yield:** 3.1% (2024) ONE Gas, Inc. is a leading company in the natural gas supply sector in the USA. In 2024, the company achieved a moderate revenue growth of 3.5%, attributed to stable demand for natural gas and effective c...

Does ONE Gas pay a dividend – and how reliable is the payout?

**Dividend Yield:** 3.2% (estimated for 2025) **Dividend History:** Continuous payout for several years ONE Gas, Inc. is known for regularly distributing dividends to its shareholders. The estimated dividend yield of 3.2% for 2025 indicates that the company offers an attractive return compared to...

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ONE Gas Stock Value

ONE Gas Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does ONE Gas do?

ONE Gas Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

ONE Gas Stock Value

ONE Gas Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does ONE Gas do?

ONE Gas Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.