OGS Stock Analysis: One Gas | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 5.095m USD | 12M Return: 8.1% | US68235P1084 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 36.2M
EPS Trend: 76.1%
Qual. Beats: 1
Rev. Trend: 13.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ONE Gas, Inc. (NYSE: OGS) is a regulated natural gas distribution utility serving approximately 2.3 million residential, commercial, industrial, transportation, and wholesale customers across Oklahoma, Kansas, and Texas. The companys infrastructure includes 43,200 miles of distribution pipelines and 2,200 miles of transmission pipelines as of December 31, 2025. Founded in 1906 and headquartered in Tulsa, Oklahoma, ONE Gas operates under a state-regulated utility model overseen by public utility commissions in each jurisdiction it serves, which typically results in stable, predictable revenue tied to approved rate structures and customer usage volumes.
- Oklahoma rate case decisions drive allowed ROE
- Pipeline modernization capex expands rate base
- Winter heating demand swings distribution volume
| Net Income: 288.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.31 > 1.0 |
| NWC/Revenue: -30.91% < 20% (prev -26.64%; Δ -4.27% < -1%) |
| CFO/TA 0.06 > 3% & CFO 517.4m > Net Income 288.3m |
| Net Debt (3.39b) to EBITDA (783.0m): 4.32 < 3 |
| Current Ratio: 0.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.2m) vs 12m ago 4.46% < -2% |
| Gross Margin: 74.65% > 18% (prev 35.81%; Δ 38.84% > 0.5%) |
| Asset Turnover: 26.93% > 50% (prev 27.87%; Δ -0.95% > 0%) |
| Interest Coverage Ratio: 3.50 > 6 (EBIT TTM 473.8m / Interest Expense TTM 135.3m) |
| A: -0.08 (Total Current Assets 661.8m - Total Current Liabilities 1.38b) / Total Assets 8.81b |
| B: 0.11 (Retained Earnings 998.5m / Total Assets 8.81b) |
| C: 0.06 (EBIT TTM 473.8m / Avg Total Assets 8.59b) |
| D: 0.67 (Book Value of Equity 3.54b / Total Liabilities 5.27b) |
| Altman-Z'' = 0.91 = BB |
| DSRI: 0.80 (Receivables 250.9m/316.7m, Revenue 2.31b/2.33b) |
| GMI: 0.48 (GM 35.81% / 74.65%) |
| AQI: 0.98 (AQ_t 0.09 / AQ_t-1 0.10) |
| SGI: 0.99 (Revenue 2.31b / 2.33b) |
| TATA: -0.03 (NI 288.3m - CFO 517.4m) / TA 8.81b) |
| Beneish M = -3.69 (Cap -4..+1) = AAA |
As of August 24, 2026, the stock is trading at USD 78.83 with a total of 717,776 shares traded. Over the past week, the price has changed by -1.83%, over one month by -0.60%, over three months by -2.74% and over the past year by +8.08%.
Current recommended Stop Loss: 76.40 (which is 3.1% or 1.5 ATR below the current price).
One Gas has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold OGS.
- StrongBuy: 3
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 90.1 | 14.2% |
P/E Trailing = 17.4677
P/E Forward = 19.0476
P/S = 2.2036
P/B = 1.421
P/EG = 4.19
Revenue TTM = 2.31b USD
EBIT TTM = 473.8m USD
EBITDA TTM = 783.0m USD
Long Term Debt = 2.34b USD (from longTermDebt, last quarter)
Short Term Debt = 1.05b USD (from shortTermDebt, last quarter)
Debt = 3.39b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.39b USD (calculated: Debt 3.39b - CCE 7.86m)
Enterprise Value = 8.48b USD (5.09b + Debt 3.39b - CCE 7.86m)
Interest Coverage Ratio = 3.50 (Ebit TTM 473.8m / Interest Expense TTM 135.3m)
EV/FCF = -49.06x (Enterprise Value 8.48b / FCF TTM -172.8m)
FCF Yield = -2.04% (FCF TTM -172.8m / Enterprise Value 8.48b)
FCF Margin = -7.48% (FCF TTM -172.8m / Revenue TTM 2.31b)
Net Margin = 12.47% (Net Income TTM 288.3m / Revenue TTM 2.31b)
Gross Margin = 74.65% ((Revenue TTM 2.31b - Cost of Revenue TTM 586.1m) / Revenue TTM)
Gross Margin QoQ = 78.07% (prev 52.68%)
Tobins Q-Ratio = 0.96 (Enterprise Value 8.48b / Total Assets 8.81b)
Interest Expense / Debt = 3.99% (Interest Expense 135.3m / Debt 3.39b)
Taxrate = 17.39% (60.7m / 348.9m)
NOPAT = 391.4m (EBIT 473.8m * (1 - 17.39%))
Current Ratio = 0.48 (Total Current Assets 661.8m / Total Current Liabilities 1.38b)
Debt / Equity = 0.96 (Debt 3.39b / totalStockholderEquity, last quarter 3.54b)
Debt / EBITDA = 4.32 (Net Debt 3.39b / EBITDA 783.0m)
Debt / FCF = -19.59 (negative FCF - burning cash) (Net Debt 3.39b / FCF TTM -172.8m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.36% (Net Income 288.3m / Total Assets 8.81b)
RoE = 8.42% (Net Income TTM 288.3m / Total Stockholder Equity 3.42b)
RoCE = 8.22% (EBIT 473.8m / Capital Employed (Equity 3.42b + L.T.Debt 2.34b))
RoIC = 4.62% (NOPAT 391.4m / Invested Capital 8.48b)
WACC = 4.64% (E(5.09b)/V(8.49b) * Re(5.53%) + D(3.39b)/V(8.49b) * Rd(3.99%) * (1-Tc(0.17)))
Discount Rate = 5.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.75 | Cagr: 4.82%
[DCF] Fair Price = unknown (Cash Flow -172.8m)
EPS Correlation: 76.08 | EPS CAGR: 5.87% | SUE: 2.99 | # QB: 1
Revenue Correlation: 13.28 | Revenue CAGR: 1.09% | SUE: 0.29 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.48 | Chg30d=-3.11% | Revisions=+29% | Analysts=5
EPS current Year (2026-12-31): EPS=4.92 | Chg30d=+1.09% | Revisions=+50% | GrowthEPS=+12.6% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=5.06 | Chg30d=+0.60% | Revisions=+29% | GrowthEPS=+2.9% | GrowthRev=+2.3%
[Analyst] Revisions Ratio: +50% (up=9, down=2)