ONE Gas (NYSE:OGS) Releases 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 business had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.92%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. ONE Gas updated its FY 2026 guidance to 4.830-4.950 EPS.

ONE Gas Stock Performance

OGS stock traded up $0.38 during trading on Thursday, hitting $79.63. The company had a trading volume of 198,458 shares, compared to its average volume of 553,756. The firm has a 50-day moving average price of $78.09 and a 200-day moving average price of $82.56. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.00 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.55 and a beta of 0.66. ONE Gas has a 1-year low of $73.91 and a 1-year high of $90.78.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

Analyst Ratings Changes

Several research analysts have recently issued reports on OGS shares. Morgan Stanley upped their price objective on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Truist Financial decreased their target price on ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Capital One Financial set a $93.00 price target on ONE Gas in a report on Friday, June 12th. Mizuho reduced their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $89.70.

Institutional Trading of ONE Gas

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in ONE Gas in the 4th quarter worth approximately $195,000. UMB Bank n.a. increased its position in ONE Gas by 41.1% during the fourth quarter. UMB Bank n.a. now owns 1,349 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 393 shares during the period. CIBC Private Wealth Group LLC increased its stake in ONE Gas by 126.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,252 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 698 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of ONE Gas by 911.0% during the 3rd quarter. NewEdge Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 2,733 shares during the period. Finally, Wexford Capital LP bought a new stake in ONE Gas in the third quarter valued at $211,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.