Company Expects Long-Term Net Income Growth of 7%-9%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Should l Buy OGS?
The company continues to expect long-term GAAP and adjusted net income growth of 7%-9% and GAAP and adjusted net income per diluted share growth of 5%-7%, consistent with its established five-year financial outlook.
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Analyst Views on OGS
Wall Street analysts forecast OGS stock price to rise
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 84.290
Low
72.00
Averages
87.33
High
99.00
Current: 84.290
Low
72.00
Averages
87.33
High
99.00
About OGS
ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company operates through a single segment: regulated public utilities, which deliver natural gas to residential, commercial and transportation customers. The Company provides natural gas distribution services to approximately 2.3 million customers. The Company has three divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It primarily serves residential, commercial and transportation customers in all three states. The Company’s natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. It distributes natural gas to approximately 89%, 71% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ONE Gas to Participate in American Gas Association Financial Forum
- Forum Participation: ONE Gas will participate in the American Gas Association Financial Forum from May 17-19, 2026, in Scottsdale, Arizona, where CEO Robert S. McAnnally and the executive team will engage in a series of meetings with the investment community to enhance interaction and transparency with investors.
- Company Overview: ONE Gas is a 100% regulated natural gas utility trading under the symbol OGS and included in the S&P MidCap 400 Index, providing services to over 2.3 million customers across Kansas, Oklahoma, and Texas, highlighting its significant role in the U.S. natural gas sector.
- Market Leadership: Kansas Gas Service, a division of ONE Gas, is the largest natural gas distributor in Kansas, while Oklahoma Natural Gas holds the same position in Oklahoma, and Texas Gas Service ranks third in Texas by customer count, demonstrating its dominant market presence across these states.
- Transparency Initiatives: The company provides access to conference materials on its website, ensuring that investors can obtain the latest information, which further enhances the company's transparency and trust in the capital markets, supporting future capital operations and investor relations management.
See More
ONE Gas Reports Strong Q1 2026 Earnings Amid Warm Winter
- Earnings Growth: ONE Gas reported an adjusted EPS of $2.11 for Q1 2026, reflecting a 6% year-over-year increase despite experiencing one of the warmest winters on record, indicating effective execution of its long-term plans and regulatory strategies.
- Increased Storage Capacity: The company enhanced its storage capacity by 20% since Winter Storm Uri, allowing it to shield customers from price volatility and save $98 million compared to purchasing gas at spot prices, demonstrating its resilience in market fluctuations.
- Capital Project Investments: ONE Gas completed $170 million worth of capital projects this quarter, including the Western Farmers project, which is set to be operational by 2028 and involves constructing a 43-mile 24-inch pipeline in Southern Oklahoma, thereby strengthening its infrastructure.
- Future Outlook: The company reaffirmed its 2026 financial guidance, projecting adjusted net income between $306 million and $314 million and adjusted EPS between $4.83 and $4.95, showcasing confidence in future growth despite uncertainties related to weather impacts and project timing.
See More
ONE Gas Reports Q1 2026 Financial Results and Dividend Declaration
- Financial Performance Boost: ONE Gas reported operating income of $189.6 million in Q1 2026, up 4.9% from $180.5 million in Q1 2025, primarily driven by a $27.3 million increase from new rates, indicating enhanced profitability amid rising customer demand.
- Capital Expenditure Trends: Capital expenditures and asset removal costs totaled $169.6 million in Q1 2026, down from $177.7 million in the same period last year, reflecting the company's ongoing investment strategy in system integrity and service expansion to new areas.
- Dividend Declaration: ONE Gas declared a quarterly dividend of $0.68 per share, an increase from $0.67 in 2025, demonstrating the company's ability to maintain stable financial performance while providing returns to shareholders.
- 2026 Financial Guidance Affirmation: The company affirmed its 2026 net income guidance of $294 million to $302 million and adjusted net income guidance of $306 million to $314 million, showcasing confidence in future growth and the execution of its strategic plan.
See More
ONE Gas to Release Q1 2026 Financial Results
- Earnings Release Schedule: ONE Gas will release its Q1 2026 financial results after market close on May 4, 2026, highlighting its operational performance in the natural gas utility sector, which is expected to impact investor confidence.
- Conference Call Timing: The executive management team will hold a conference call on May 5, 2026, at 11 a.m. Eastern Time to provide detailed insights into the financial results, aiming to enhance transparency and engage with investors.
- Webcast Access: The conference call will be streamed live on the ONE Gas website, ensuring that all investors can access real-time information, thereby improving communication efficiency between the company and its shareholders.
- Playback Options: For those unable to attend the live meeting, ONE Gas will offer a 30-day web replay and a 7-day phone replay, ensuring information accessibility and ongoing investor engagement.
See More
ONE Gas to Release Q1 2026 Financial Results and Host Conference Call
- Earnings Release Schedule: ONE Gas will release its Q1 2026 financial results after market close on May 4, 2026, reflecting the company's operational status and financial health in the natural gas utility sector.
- Conference Call Timing: The executive management team will host a conference call on May 5, 2026, at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial results and address investor inquiries.
- Webcast Information: The conference call will be broadcast live on the ONE Gas website, ensuring that investors unable to participate can still access timely information, thereby enhancing transparency and investor relations.
- Customer Base Overview: ONE Gas is one of the largest natural gas utilities in the U.S., serving over 2.3 million customers across Kansas, Oklahoma, and Texas, underscoring its significant market presence and influence.
See More
ONE Gas to Participate in Multiple Investor Conferences
- Investor Conference Schedule: ONE Gas will participate in the UBS Midwest Utilities Conference on February 25, 2026, in Chicago, followed by the Morgan Stanley Energy and Power Conference on March 2 and the Jefferies Power, Energy, Clean Energy and Utilities Conference on March 3, showcasing its active engagement in the industry.
- Executive Attendance: Senior Vice President and COO Curtis Dinan and Senior Vice President and CFO Christopher Sighinolfi will attend all three conferences, conducting a series of meetings with investors to enhance interaction with the investment community and boost market confidence.
- Material Accessibility: Materials used during the conferences will be available on the ONE Gas official website, ensuring investors can access relevant information in a timely manner, further promoting transparency and information sharing.
- Company Background: ONE Gas is one of the largest natural gas utilities in the U.S., serving over 2.3 million customers across Kansas, Oklahoma, and Texas, highlighting its significant position and influence in the energy market.
See More
ONE Gas to Participate in American Gas Association Financial Forum
- Forum Participation: ONE Gas will participate in the American Gas Association Financial Forum from May 17-19, 2026, in Scottsdale, Arizona, where CEO Robert S. McAnnally and the executive team will engage in a series of meetings with the investment community to enhance interaction and transparency with investors.
- Company Overview: ONE Gas is a 100% regulated natural gas utility trading under the symbol OGS and included in the S&P MidCap 400 Index, providing services to over 2.3 million customers across Kansas, Oklahoma, and Texas, highlighting its significant role in the U.S. natural gas sector.
- Market Leadership: Kansas Gas Service, a division of ONE Gas, is the largest natural gas distributor in Kansas, while Oklahoma Natural Gas holds the same position in Oklahoma, and Texas Gas Service ranks third in Texas by customer count, demonstrating its dominant market presence across these states.
- Transparency Initiatives: The company provides access to conference materials on its website, ensuring that investors can obtain the latest information, which further enhances the company's transparency and trust in the capital markets, supporting future capital operations and investor relations management.
See More
ONE Gas Reports Strong Q1 2026 Earnings Amid Warm Winter
- Earnings Growth: ONE Gas reported an adjusted EPS of $2.11 for Q1 2026, reflecting a 6% year-over-year increase despite experiencing one of the warmest winters on record, indicating effective execution of its long-term plans and regulatory strategies.
- Increased Storage Capacity: The company enhanced its storage capacity by 20% since Winter Storm Uri, allowing it to shield customers from price volatility and save $98 million compared to purchasing gas at spot prices, demonstrating its resilience in market fluctuations.
- Capital Project Investments: ONE Gas completed $170 million worth of capital projects this quarter, including the Western Farmers project, which is set to be operational by 2028 and involves constructing a 43-mile 24-inch pipeline in Southern Oklahoma, thereby strengthening its infrastructure.
- Future Outlook: The company reaffirmed its 2026 financial guidance, projecting adjusted net income between $306 million and $314 million and adjusted EPS between $4.83 and $4.95, showcasing confidence in future growth despite uncertainties related to weather impacts and project timing.
See More
ONE Gas Reports Q1 2026 Financial Results and Dividend Declaration
- Financial Performance Boost: ONE Gas reported operating income of $189.6 million in Q1 2026, up 4.9% from $180.5 million in Q1 2025, primarily driven by a $27.3 million increase from new rates, indicating enhanced profitability amid rising customer demand.
- Capital Expenditure Trends: Capital expenditures and asset removal costs totaled $169.6 million in Q1 2026, down from $177.7 million in the same period last year, reflecting the company's ongoing investment strategy in system integrity and service expansion to new areas.
- Dividend Declaration: ONE Gas declared a quarterly dividend of $0.68 per share, an increase from $0.67 in 2025, demonstrating the company's ability to maintain stable financial performance while providing returns to shareholders.
- 2026 Financial Guidance Affirmation: The company affirmed its 2026 net income guidance of $294 million to $302 million and adjusted net income guidance of $306 million to $314 million, showcasing confidence in future growth and the execution of its strategic plan.
See More
ONE Gas to Release Q1 2026 Financial Results
- Earnings Release Schedule: ONE Gas will release its Q1 2026 financial results after market close on May 4, 2026, highlighting its operational performance in the natural gas utility sector, which is expected to impact investor confidence.
- Conference Call Timing: The executive management team will hold a conference call on May 5, 2026, at 11 a.m. Eastern Time to provide detailed insights into the financial results, aiming to enhance transparency and engage with investors.
- Webcast Access: The conference call will be streamed live on the ONE Gas website, ensuring that all investors can access real-time information, thereby improving communication efficiency between the company and its shareholders.
- Playback Options: For those unable to attend the live meeting, ONE Gas will offer a 30-day web replay and a 7-day phone replay, ensuring information accessibility and ongoing investor engagement.
See More
ONE Gas to Release Q1 2026 Financial Results and Host Conference Call
- Earnings Release Schedule: ONE Gas will release its Q1 2026 financial results after market close on May 4, 2026, reflecting the company's operational status and financial health in the natural gas utility sector.
- Conference Call Timing: The executive management team will host a conference call on May 5, 2026, at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial results and address investor inquiries.
- Webcast Information: The conference call will be broadcast live on the ONE Gas website, ensuring that investors unable to participate can still access timely information, thereby enhancing transparency and investor relations.
- Customer Base Overview: ONE Gas is one of the largest natural gas utilities in the U.S., serving over 2.3 million customers across Kansas, Oklahoma, and Texas, underscoring its significant market presence and influence.
See More
ONE Gas to Participate in Multiple Investor Conferences
- Investor Conference Schedule: ONE Gas will participate in the UBS Midwest Utilities Conference on February 25, 2026, in Chicago, followed by the Morgan Stanley Energy and Power Conference on March 2 and the Jefferies Power, Energy, Clean Energy and Utilities Conference on March 3, showcasing its active engagement in the industry.
- Executive Attendance: Senior Vice President and COO Curtis Dinan and Senior Vice President and CFO Christopher Sighinolfi will attend all three conferences, conducting a series of meetings with investors to enhance interaction with the investment community and boost market confidence.
- Material Accessibility: Materials used during the conferences will be available on the ONE Gas official website, ensuring investors can access relevant information in a timely manner, further promoting transparency and information sharing.
- Company Background: ONE Gas is one of the largest natural gas utilities in the U.S., serving over 2.3 million customers across Kansas, Oklahoma, and Texas, highlighting its significant position and influence in the energy market.
See More
