OGS Stock Analysis: One Gas | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 4.853m USD | 12M Return: 12.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 55.2M
EPS Trend: 62.4%
Qual. Beats: -1
Rev. Trend: -15.3%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 273.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.53 > 1.0 |
| NWC/Revenue: -26.06% < 20% (prev -23.06%; Δ -3.01% < -1%) |
| CFO/TA 0.05 > 3% & CFO 477.7m > Net Income 273.5m |
| Net Debt (3.36b) to EBITDA (783.1m): 4.29 < 3 |
| Current Ratio: 0.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.2m) vs 12m ago 4.88% < -2% |
| Gross Margin: 67.95% > 18% (prev 36.27%; Δ 31.68% > 0.5%) |
| Asset Turnover: 27.10% > 50% (prev 27.14%; Δ -0.05% > 0%) |
| Interest Coverage Ratio: 3.38 > 6 (EBIT TTM 470.7m / Interest Expense TTM 139.5m) |
| A: -0.07 (Total Current Assets 796.6m - Total Current Liabilities 1.40b) / Total Assets 8.83b |
| B: 0.11 (Retained Earnings 994.8m / Total Assets 8.83b) |
| C: 0.05 (EBIT TTM 470.7m / Avg Total Assets 8.58b) |
| D: 0.67 (Book Value of Equity 3.53b / Total Liabilities 5.30b) |
| Altman-Z'' = 0.98 = BB |
| DSRI: 0.90 (Receivables 460.7m/500.4m, Revenue 2.32b/2.26b) |
| GMI: 0.53 (GM 36.27% / 67.95%) |
| AQI: 0.93 (AQ_t 0.09 / AQ_t-1 0.10) |
| SGI: 1.03 (Revenue 2.32b / 2.26b) |
| TATA: -0.02 (NI 273.5m - CFO 477.7m) / TA 8.83b) |
| Beneish M = -3.56 (Cap -4..+1) = AAA |
As of July 09, 2026, the stock is trading at USD 78.23 with a total of 831,775 shares traded. Over the past week, the price has changed by +1.51%, over one month by +2.69%, over three months by -12.19% and over the past year by +12.09%.
Current recommended Stop Loss: 74.50 (which is 4.8% or 2.1 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 | 91.1 | 16.5% |
P/E Trailing = 17.4537
P/E Forward = 19.0476
P/S = 2.0882
P/B = 1.3582
P/EG = 4.19
Revenue TTM = 2.32b USD
EBIT TTM = 470.7m USD
EBITDA TTM = 783.1m USD
Long Term Debt = 2.34b USD (from longTermDebt, last quarter)
Short Term Debt = 1.04b USD (from shortTermDebt, last quarter)
Debt = 3.38b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.36b USD (calculated: Debt 3.38b - CCE 23.0m)
Enterprise Value = 8.21b USD (4.85b + Debt 3.38b - CCE 23.0m)
Interest Coverage Ratio = 3.38 (Ebit TTM 470.7m / Interest Expense TTM 139.5m)
EV/FCF = -37.41x (Enterprise Value 8.21b / FCF TTM -219.5m)
FCF Yield = -2.67% (FCF TTM -219.5m / Enterprise Value 8.21b)
FCF Margin = -9.44% (FCF TTM -219.5m / Revenue TTM 2.32b)
Net Margin = 11.77% (Net Income TTM 273.5m / Revenue TTM 2.32b)
Gross Margin = 67.95% ((Revenue TTM 2.32b - Cost of Revenue TTM 744.7m) / Revenue TTM)
Gross Margin QoQ = 52.68% (prev none%)
Tobins Q-Ratio = 0.93 (Enterprise Value 8.21b / Total Assets 8.83b)
Interest Expense / Debt = 4.12% (Interest Expense 139.5m / Debt 3.38b)
Taxrate = 17.45% (57.8m / 331.3m)
NOPAT = 388.6m (EBIT 470.7m * (1 - 17.45%))
Current Ratio = 0.57 (Total Current Assets 796.6m / Total Current Liabilities 1.40b)
Debt / Equity = 0.96 (Debt 3.38b / totalStockholderEquity, last quarter 3.53b)
Debt / EBITDA = 4.29 (Net Debt 3.36b / EBITDA 783.1m)
Debt / FCF = -15.30 (negative FCF - burning cash) (Net Debt 3.36b / FCF TTM -219.5m)
Total Stockholder Equity = 3.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.19% (Net Income 273.5m / Total Assets 8.83b)
RoE = 8.20% (Net Income TTM 273.5m / Total Stockholder Equity 3.33b)
RoCE = 8.30% (EBIT 470.7m / Capital Employed (Equity 3.33b + L.T.Debt 2.34b))
RoIC = 4.60% (NOPAT 388.6m / Invested Capital 8.44b)
WACC = 4.82% (E(4.85b)/V(8.23b) * Re(5.80%) + D(3.38b)/V(8.23b) * Rd(4.12%) * (1-Tc(0.17)))
Discount Rate = 5.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.68 | Cagr: 5.37%
[DCF] Fair Price = unknown (Cash Flow -219.5m)
EPS Correlation: 62.38 | EPS CAGR: 3.51% | SUE: -0.96 | # QB: -1
Revenue Correlation: -15.27 | Revenue CAGR: -1.41% | SUE: -1.02 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.64 | Chg30d=-0.20% | Revisions=+0% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.49 | Chg30d=+1.19% | Revisions=+40% | Analysts=6
EPS current Year (2026-12-31): EPS=4.87 | Chg30d=+0.41% | Revisions=+0% | GrowthEPS=+11.4% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=5.02 | Chg30d=+0.28% | Revisions=-12% | GrowthEPS=+3.1% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +7% (up=6, down=5)