- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI Summary - About
One Gas Inc(OGS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for OGS
09/25/2026: OGS (1-star) is currently NOT-A-BUY. Pass it for now.
ONE Gas Inc is a 100% regulated natural gas utility that serves customers across Oklahoma, Kansas, and Texas. As a pure-play utility, the stock is valued for its stable, rate-regulated cash flows, which historically support consistent dividend payments for income-focused investors. Its primary growth story revolves around infrastructure modernization and rate-base expansion in its core territories. However, the company faces risks from potential electrification shifts and regulatory pressures that influence rate-case outcomes. OGS is best suited for low-risk, dividend-oriented investors who prioritize stability over rapid growth and should monitor regional regulatory developments and weather trends that impact seasonal performance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | As a regulated utility, OGS prioritizes stability and dividends over rapid capital appreciation. |
| Momentum investor | Weak fit | The stock typically exhibits low beta and steady, slow-moving price action, which rarely attracts momentum interest. |
| Value investor | Mixed fit | Value investors may find the regulated, predictable earnings attractive, though valuations are often tied strictly to rate base growth. |
| Dividend investor | Strong fit | The company's status as a regulated utility with steady cash flows makes it a suitable candidate for income-focused portfolios. |
| Low-risk investor | Strong fit | The regulated nature of its business provides a degree of insulation from broader market and commodity price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Regulated utility stocks are typically less volatile than the broader market. |
| Valuation risk | Medium | High interest rates can compress valuation multiples for yield-sensitive utility stocks. |
| Competition risk (Regulatory utility environment) | Low | Competition is limited by exclusive franchise territories, but regulatory risk remains a factor. |
| Business quality | Strong | The company's core utility business model provides highly predictable and essential service revenues. |
| Dividend income | Strong | The company has a consistent history of supporting and growing its dividend payment. |
| Execution risk | Medium | Successful capital project execution is essential for securing favorable regulatory rate adjustments. |
Price Behavior

Downtrend
The stock has experienced a sustained decline in price over recent periods.

Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 3.06% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals 
Financial Health Rating 
Growth Momentum Score 
Ownership 
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue) 
Economic Dimensions
Quantitative Style Profile 
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.51B USD | Price to earnings Ratio 15.47 | 1Y Target Price 89.06 |
Price to earnings Ratio 15.47 | 1Y Target Price 89.06 | ||
Volume (30-day avg) 531.0K shares | Beta 0.66 | 52 Weeks Range 71.27 - 89.27 | Updated Date 09/27/2026 |
52 Weeks Range 71.27 - 89.27 | Updated Date 09/27/2026 | ||
Dividends yield (FY) 3.75% | Basic EPS (TTM) 4.64 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Natural Gas Distribution | Regulated delivery of natural gas to residential and commercial customers in Oklahoma, Kansas, and Texas. | The company earns revenue through state-approved rates for the reliable delivery of natural gas, providing steady and predictable income. |
Valuation
Trailing PE 15.47 | Forward PE 17.39 | Enterprise Value 7.93B | Price to Sales(TTM) 1.95 |
Enterprise Value 7.93B | Price to Sales(TTM) 1.95 | ||
Enterprise Value to Revenue 3.43 | Enterprise Value to EBITDA 9.99 | Shares Outstanding 62.86M | Shares Floating 62.16M |
Shares Outstanding 62.86M | Shares Floating 62.16M | ||
Percent Insiders 1.08 | Percent Institutions 95.42 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About One Gas Inc
Exchange NYSE | Headquarters Tulsa, OK, United States | ||
IPO Launch date 2014-01-16 | 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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.

