ONE Gas Raises Long-Term EPS Growth Rate to 5%-7%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
0mins
Source: PRnewswire
- Financial Guidance Update: ONE Gas expects net income for 2026 to range from $294 million to $302 million, with diluted earnings per share between $4.65 and $4.77, indicating stable profitability supported by customer growth and new rates.
- Capital Investment Plans: The company anticipates approximately $800 million in capital investments for 2026, primarily focused on system integrity and replacement projects, which will enhance infrastructure and support future customer expansion.
- Long-Term Growth Expectations: By 2030, annual net income and diluted earnings per share are projected to grow by 7%-9% and 5%-7%, respectively, reflecting the company's sustained competitiveness and profitability in the market.
- Financing Needs Forecast: ONE Gas estimates total long-term financing needs of about $1.3 billion from 2026 to 2030, with approximately 30% expected to be met through equity financing, demonstrating confidence in future investments.
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Analyst Views on OGS
Wall Street analysts forecast OGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OGS is 87.33 USD with a low forecast of 72.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 79.090
Low
72.00
Averages
87.33
High
99.00
Current: 79.090
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 (OGS) Declares $0.68 Quarterly Dividend, 1.5% Increase
- Dividend Increase: ONE Gas declares a quarterly dividend of $0.68 per share, marking a 1.5% increase from the previous $0.67, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 3.46% not only attracts income-seeking investors but also reflects the company's relative appeal in the current market environment, enhancing its investment attractiveness.
- Financial Outlook Adjustment: ONE Gas narrows its 2025 EPS guidance to $4.34 to $4.40, indicating progress in system capacity and capital execution despite facing market challenges, which may influence investor confidence.
- Market Engagement: ONE Gas participates in virtual conferences hosted by Jefferies and Mizuho, showcasing its proactive approach to engaging with investors and highlighting its growth potential in the energy sector.
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ONE Gas (OGS) Raises Q1 2026 Dividend to $0.68 per Share
- Dividend Increase: ONE Gas has raised its Q1 2026 dividend by 1 cent to $0.68 per share, resulting in an annualized dividend of $2.72, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Payment Schedule: The dividend will be payable on March 6, 2026, to shareholders of record as of February 20, 2026, ensuring timely returns for investors and enhancing confidence in the stock.
- Future Dividend Expectations: The company anticipates an average annual dividend increase of 1% to 2% through 2030, reflecting confidence in future profitability and cash flow, which may attract more long-term investors.
- Market Position: As one of the largest natural gas utilities in the U.S., serving over 2.3 million customers, ONE Gas's stable customer base and regulatory environment provide strong support for its ongoing dividend growth.
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