FY2026 Earnings Forecast for ONE Gas Issued By Scotiabank

Key Points

• Scotiabank forecasts ONE Gas will earn $4.88 per share in FY2026 and $4.98 in FY2027, while maintaining a “Sector Outperform” rating and an $86 price target.
• ONE Gas exceeded quarterly expectations with $0.82 EPS versus the $0.63 consensus, though revenue declined 2.8% year over year. Management’s FY2026 guidance is $4.83–$4.95 EPS.
• The stock has a “Moderate Buy” consensus rating with an average price target of $88.71, and recently paid a $0.68 quarterly dividend, equivalent to a 3.7% annualized yield.

ONE Gas, Inc. (NYSE:OGS - Free Report) - Equities researchers at Scotiabank issued their FY2026 earnings estimates for ONE Gas in a report released on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the utilities provider will post earnings per share of $4.88 for the year. Scotiabank has a "Sector Outperform" rating and a $86.00 price objective on the stock. The consensus estimate for ONE Gas' current full-year earnings is $4.91 per share. Scotiabank also issued estimates for ONE Gas' FY2027 earnings at $4.98 EPS.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million for 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 8.81%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS.

Several other analysts also recently weighed in on OGS. Wells Fargo & Company upgraded ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. Truist Financial cut their price target on ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Morgan Stanley reduced their price target on ONE Gas from $82.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, September 18th. Weiss Ratings upgraded ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 21st. Finally, Mizuho lowered their price objective 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. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.71.

ONE Gas Stock Performance

Shares of OGS stock opened at $72.57 on Monday. ONE Gas has a 12 month low of $70.37 and a 12 month high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The firm has a market capitalization of $4.56 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.00 and a beta of 0.64. The company's fifty day moving average price is $77.95 and its two-hundred day moving average price is $80.88.

Institutional Investors Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently modified their holdings of OGS. BlackRock Inc. bought a new position in shares of ONE Gas during the second quarter worth about $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas in the second quarter worth about $135,948,000. Goldman Sachs Group Inc. increased its holdings in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider's stock valued at $108,029,000 after buying an additional 380,668 shares during the last quarter. Norges Bank bought a new stake in ONE Gas in the fourth quarter valued at about $70,767,000. Finally, Bank of New York Mellon Corp increased its holdings in ONE Gas by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 763,877 shares of the utilities provider's stock valued at $65,793,000 after buying an additional 16,697 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas's dividend payout ratio (DPR) is currently 58.62%.

About ONE Gas

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