ONE Gas (NYSE:OGS) Issues Quarterly Earnings Results

Key Points

• Quarterly miss and guidance: ONE Gas reported Q EPS of $2.11, missing the $2.13 consensus and posting revenue of $831.7M versus $969.4M expected, but updated FY2026 guidance to a $4.830–$4.950 EPS range.
• Stock and valuation: Shares were down about 0.1% to $88.79 with a market cap of $5.57B and a P/E of 20.3, while analysts have a consensus "Moderate Buy" rating and an average target price of $89.00.
• Insider and institutional activity: an insider sold 1,000 shares recently, institutional investors and hedge funds own about 88.7% of the stock, and several large managers materially increased their positions in recent quarters.

ONE Gas (NYSE:OGS - Get Free Report) announced its earnings results on Monday. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.02), Zacks reports. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The firm had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. ONE Gas updated its FY 2026 guidance to 4.830-4.950 EPS.

ONE Gas Stock Down 0.1%

Shares of NYSE OGS traded down $0.12 during mid-day trading on Monday, reaching $88.79. The company had a trading volume of 397,355 shares, compared to its average volume of 468,080. ONE Gas has a twelve month low of $70.87 and a twelve month high of $90.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60. The stock has a market capitalization of $5.57 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72. The stock's 50 day moving average is $87.30 and its 200-day moving average is $82.75.

Insider Buying and Selling at ONE Gas

In other news, insider Brian F. Brumfield sold 1,000 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the transaction, the insider directly owned 2,246 shares of the company's stock, valued at approximately $194,144.24. This represents a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.92% of the company's stock.

Hedge Funds Weigh In On ONE Gas

Several hedge funds have recently bought and sold shares of OGS. Alliancebernstein L.P. increased its position in ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider's stock worth $114,795,000 after buying an additional 1,490,492 shares during the last quarter. Nuveen LLC increased its position in ONE Gas by 101.1% during the fourth quarter. Nuveen LLC now owns 776,495 shares of the utilities provider's stock worth $59,984,000 after buying an additional 390,344 shares during the last quarter. Squarepoint Ops LLC increased its position in ONE Gas by 187.1% during the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider's stock worth $39,560,000 after buying an additional 358,779 shares during the last quarter. Deutsche Bank AG increased its position in ONE Gas by 339.8% during the fourth quarter. Deutsche Bank AG now owns 356,977 shares of the utilities provider's stock worth $27,576,000 after buying an additional 275,809 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in ONE Gas during the second quarter worth $16,354,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of ONE Gas from $88.00 to $90.00 and gave the stock a "hold" rating in a research note on Tuesday, February 24th. Truist Financial assumed coverage on shares of ONE Gas in a research note on Monday, April 20th. They issued a "buy" rating and a $99.00 price target on the stock. Morgan Stanley upped their price target on shares of ONE Gas from $84.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.00.

About ONE Gas

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.

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