ONE GAS INC (OGS)
Utilities · Regulated natural gas distribution utilities · NYSE
ONE Gas is the largest natural gas distributor in Oklahoma and Kansas, serving 2.3 million regulated utility customers across three states with infrastructure investments focused on safety, reliability, and foundational energy needs.
What ONE GAS INC does
ONE Gas, Inc. is a 100-percent regulated natural gas distribution utility headquartered in Tulsa, Oklahoma, serving approximately 2.3 million customers across Oklahoma, Kansas, and Texas through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. The company provides natural gas distribution services to residential, commercial, and transportation customers, making it one of the largest publicly traded natural gas utilities in the United States and the largest distributor in Oklahoma and Kansas.
Themes: ["Natural gas distribution and utilities","Regulated energy infrastructure","Pipeline safety and integrity","Foundational energy","Customer energy reliability"]
Fundamentals
- Price$78.83 as of 2026-07-09 close
- Market cap$4.9B as of 2026-07-10
- 1-year return+7.8% as of 2026-07-09 close
- P/E17.95 as of 2026-07-10
- Net margin+11.8% as of 2026-07-10
- Gross margin+62.1% as of 2026-07-10
- ROE+8.2% as of 2026-07-10
- Debt / equity0.96 as of 2026-07-10
- Revenue growth (YoY)+2.8% as of 2026-07-10
- Revenue CAGR (3y)+16.0% SEC XBRL
- Beta0.67 as of 2026-07-10
Dividend: yield +3.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory lag between capital investments and rate recovery, limiting near-term earnings impact","Exposure to regulatory changes and rate decisions by state/local authorities in Oklahoma, Kansas, and Texas","Vulnerability to reduced customer demand due to weather volatility, energy conservation, or economic downturns"]
Competitors & peers
- Atmos Energy Corporation
- NiSource Inc.
- WEC Energy Group
- Spire Inc.
- South Jersey Industries
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.