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One Gas Inc (OGS)

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Upturn Advisory Summary
02/27/2026: OGS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $87.14
1 Year Target Price $87.14
| 3 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.48B USD | Price to earnings Ratio 20.01 | 1Y Target Price 87.14 |
Price to earnings Ratio 20.01 | 1Y Target Price 87.14 | ||
Volume (30-day avg) 8 | Beta 0.81 | 52 Weeks Range 67.42 - 87.84 | Updated Date 02/27/2026 |
52 Weeks Range 67.42 - 87.84 | Updated Date 02/27/2026 | ||
Dividends yield (FY) 3.10% | Basic EPS (TTM) 4.37 |
Earnings Date
Report Date 2026-02-25 | When - | Estimate 1.41 | Actual 1.42 |
Profitability
Profit Margin 10.89% | Operating Margin (TTM) 20.31% |
Management Effectiveness
Return on Assets (TTM) 3.32% | Return on Equity (TTM) 8.07% |
Valuation
Trailing PE 20.01 | Forward PE 18.8 | Enterprise Value 8788473353 | Price to Sales(TTM) 2.26 |
Enterprise Value 8788473353 | Price to Sales(TTM) 2.26 | ||
Enterprise Value to Revenue 3.62 | Enterprise Value to EBITDA 11.25 | Shares Outstanding 62692574 | Shares Floating 61886886 |
Shares Outstanding 62692574 | Shares Floating 61886886 | ||
Percent Insiders 1.3 | Percent Institutions 94.51 |
Upturn AI SWOT
One Gas Inc

Company Overview
History and Background
One Gas Inc. was formed in 2014 as a spin-off from UGI Corporation. It operates as a regulated natural gas utility company. The company has grown by focusing on infrastructure improvements and customer service within its established service territories.
Core Business Areas
- Natural Gas Distribution: One Gas Inc. distributes natural gas to residential, commercial, and industrial customers across its service areas. This involves maintaining and operating the pipeline infrastructure necessary for delivery.
- Infrastructure Development and Modernization: A significant focus is on investing in and upgrading its natural gas distribution systems to ensure safety, reliability, and compliance with evolving regulations.
Leadership and Structure
One Gas Inc. is led by a Board of Directors and a management team, with its CEO, CEO, and CFO overseeing operations. The company is structured around its two primary operating subsidiaries: Oklahoma Natural Gas and Kansas Gas Service.
Top Products and Market Share
Key Offerings
- Natural Gas Delivery Services: Provides the essential service of delivering natural gas to over 2.2 million customers across Oklahoma, Kansas, and Texas. Market share is largely dictated by its regulated service territories, making direct competitive product market share difficult to define in traditional terms. Key competitors in the broader energy market include electricity providers and alternative energy sources, but within its regulated gas distribution footprint, it is the primary provider.
Market Dynamics
Industry Overview
The natural gas utility industry is characterized by stable, regulated operations, with demand driven by residential, commercial, and industrial sectors for heating, power generation, and industrial processes. The industry is increasingly focused on safety, environmental compliance, and infrastructure modernization.
Positioning
One Gas Inc. is a well-established regulated natural gas utility with a strong presence in its core service territories. Its competitive advantage lies in its extensive existing infrastructure, long-term customer relationships, and its role as a regulated monopoly within its operational regions.
Total Addressable Market (TAM)
The TAM is defined by the population and economic activity within its service territories in Oklahoma, Kansas, and Texas. One Gas Inc. serves a significant portion of the natural gas demand within these regions, effectively capturing its regulated TAM. Future growth will be driven by population increases, economic development, and the continued reliance on natural gas as a primary energy source.
Upturn SWOT Analysis
Strengths
- Regulated monopoly in core service territories
- Established infrastructure and long-term customer relationships
- Focus on infrastructure modernization and safety
- Stable and predictable revenue streams
Weaknesses
- Limited geographic diversification
- Dependence on regulatory approvals for rate increases
- Sensitivity to commodity price fluctuations (though often mitigated by pass-through mechanisms)
Opportunities
- Infrastructure upgrade and expansion projects
- Growth in service territories due to economic development
- Potential for natural gas to play a role in energy transition
- Strategic acquisitions to expand service area or enhance capabilities
Threats
- Increasing regulatory scrutiny and environmental regulations
- Competition from alternative energy sources
- Economic downturns impacting customer demand
- Aging infrastructure requiring significant investment
Competitors and Market Share
Key Competitors
- CenterPoint Energy (CNP)
- Atmos Energy Corporation (ATO)
- Spire Inc. (SR)
Competitive Landscape
One Gas Inc. operates in a highly regulated environment where direct competition within its defined service territories is minimal, often creating a monopolistic position. However, competition exists indirectly from other energy providers and in the broader market for energy infrastructure development. Its advantages include established infrastructure and regulatory approvals, while disadvantages could arise from the need for substantial capital for upgrades and the pace of regulatory decision-making.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been characterized by steady expansion within its existing service territories, driven by customer acquisition and infrastructure improvements. The company has also focused on enhancing the reliability and safety of its systems, which supports its long-term value proposition.
Future Projections: Future growth is projected to be driven by ongoing capital investment in infrastructure modernization, potential rate increases authorized by regulators, and the natural growth of its service territories. Analyst estimates typically forecast modest but consistent earnings growth.
Recent Initiatives: Recent initiatives likely include investments in pipeline integrity, leak detection technology, and projects to meet evolving energy demands and environmental standards. The company may also be exploring opportunities for efficiency gains and customer service enhancements.
Summary
One Gas Inc. is a stable, regulated natural gas utility with strong market positions in its service territories. Its focus on infrastructure modernization and reliable service provides a solid foundation for consistent revenue and dividend growth. The company needs to closely monitor evolving environmental regulations and explore opportunities for strategic expansion or efficiency improvements to sustain its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Relations Websites
- Financial News and Data Providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry Analysis Reports
Disclaimers:
This JSON output is generated based on publicly available information and AI analysis. It is intended for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data is illustrative and may vary based on specific metrics and timeframes. Competitor market share is an estimation based on general industry presence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About One Gas Inc
Exchange NYSE | Headquaters Tulsa, OK, United States | ||
IPO Launch date 2014-01-16 | President, CEO & Director Mr. Robert S. McAnnally J.D. | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 4000 | Website https://www.onegas.com |
Full time employees 4000 | Website https://www.onegas.com | ||
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.

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