ONE Gas, Inc. Website

ONE Gas, Inc.

NYSE-OGS

Company Overview

ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. It serves residential, commercial, and transportation customers. As of December 31, 2021, it operated approximately 41,600 miles of distribution mains; and 2,400 miles of transmission pipelines, as well as had 51.4 billion cubic feet of natural gas storage capacity. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

  • Name

    ONE Gas, Inc.

  • CEO

    Robert S. McAnnally

  • Website

    www.onegas.com

  • Sector

    Gas Utilities

  • Year Founded

    1906

Company Statistics

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What's happening

Nov 12, 2025 - Dec 12, 2025

ONE Gas Inc Faces Headwinds Amid Rising Costs and Leadership Transition

  • OGS issued financial guidance for 2026, projecting earnings per diluted share between $4.65 and $4.77, overshadowed by rising operating costs.
  • Shareholder divestments raised concerns about investor confidence in the company's future performance.
  • A leadership transition adds uncertainty regarding strategic direction moving forward.

Over the past month, ONE Gas Inc (OGS) experienced a significant decline of 6.3%, underperforming relative to the S&P 500's return of 0.7%. This stark contrast highlights challenges faced by OGS during this period, primarily driven by several key events that negatively impacted investor confidence.

On December 2, OGS provided its financial guidance for 2026, estimating earnings per diluted share between $4.65 and $4.77 alongside a net income projection of approximately $298 million. While these figures indicated potential growth supported by anticipated capital investments of around $800 million focused on system integrity and customer extensions in Texas and Oklahoma, they were overshadowed by projected annual increases in operating costs ranging from 3% to 4%. This announcement significantly contributed to the stock's downward trend as it raised concerns about profitability amid escalating expenses.

Further compounding negative sentiment were actions taken by key shareholders; on December 4 and December 8, shareholder Hutchinson filed to sell shares totaling approximately $236.6K—such divestments often signal waning confidence from insiders or major stakeholders regarding future performance prospects. Additionally, while Mizuho maintained an Outperform rating for OGS, it only modestly raised its price target while indicating upcoming participation in various utility conferences—events perceived as insufficiently impactful given recent developments.

The leadership transition announced on November 19 also introduced uncertainty into the mix; Board Chair John W. Gibson’s retirement after years of service could lead investors to question future strategic direction under new chair Deborah A.P. Hersman’s leadership starting May next year.

Despite these challenges impacting stock performance over the month, it's noteworthy that ONE Gas Inc outperformed the Utilities (XLU) sector by a substantial margin of 45.7%.

NYSE:OGS