ONE Gas (NYSE:OGS) Announces Earnings Results, Beats Expectations By $0.19 EPS

ONE Gas (NYSE:OGS) released its quarterly earnings data on Tuesday. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19, Zacks reports. The company had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. ONE Gas updated its FY 2026 guidance to 4.830-4.950 EPS.

ONE Gas Stock Performance

ONE Gas stock traded down $0.97 during mid-day trading on Tuesday, reaching $77.43. The company’s stock had a trading volume of 685,805 shares, compared to its average volume of 552,878. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.56 and a beta of 0.66. The business has a 50 day moving average price of $78.22 and a 200-day moving average price of $82.56. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas has a twelve month low of $71.71 and a twelve month high of $90.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Alliancebernstein L.P. grew its position in shares of ONE Gas by 1,393.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after buying an additional 1,490,492 shares during the last quarter. Morgan Stanley grew its holdings in shares of ONE Gas by 28.2% during the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after purchasing an additional 218,571 shares during the last quarter. Energy Income Partners LLC grew its holdings in shares of ONE Gas by 22.2% during the third quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock valued at $68,495,000 after purchasing an additional 153,760 shares during the last quarter. Nuveen LLC raised its position in shares of ONE Gas by 101.1% during the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock worth $59,984,000 after purchasing an additional 390,344 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of ONE Gas by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 720,381 shares of the utilities provider’s stock worth $58,308,000 after purchasing an additional 2,546 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on OGS. Wells Fargo & Company initiated coverage on ONE Gas in a research report on Monday, May 11th. They issued an “underweight” rating and a $85.00 price objective on the stock. BTIG Research reiterated a “buy” rating and set a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. Mizuho lowered their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Wall Street Zen lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $89.70.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.