Zacks Research Has Strong Forecast for ONE Gas Q1 Earnings

ONE Gas, Inc. (NYSE:OGS) – Research analysts at Zacks Research raised their Q1 2026 earnings per share estimates for ONE Gas in a research report issued on Tuesday, January 13th. Zacks Research analyst Team now anticipates that the utilities provider will post earnings of $2.07 per share for the quarter, up from their previous estimate of $2.01. The consensus estimate for ONE Gas’ current full-year earnings is $4.26 per share. Zacks Research also issued estimates for ONE Gas’ Q2 2026 earnings at $0.71 EPS, Q3 2026 earnings at $0.47 EPS, Q4 2026 earnings at $1.44 EPS, Q1 2027 earnings at $2.19 EPS, Q3 2027 earnings at $0.48 EPS and FY2027 earnings at $4.90 EPS.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. During the same quarter last year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS.

Other analysts also recently issued reports about the company. UBS Group decreased their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 5th. Mizuho lifted their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Bank of America increased their target price on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley restated an “underperform” rating and issued a $75.00 price target on shares of ONE Gas in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.86.

ONE Gas Price Performance

OGS stock opened at $77.48 on Thursday. The company has a market capitalization of $4.65 billion, a P/E ratio of 18.06, a PEG ratio of 2.47 and a beta of 0.81. The company has a fifty day moving average price of $79.34 and a 200-day moving average price of $77.57. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. ONE Gas has a 52-week low of $68.19 and a 52-week high of $83.96.

Institutional Investors Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its stake in ONE Gas by 238.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,371 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 1,670 shares during the period. Rhumbline Advisers boosted its holdings in shares of ONE Gas by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider’s stock worth $15,856,000 after buying an additional 16,249 shares during the last quarter. Wesbanco Bank Inc. bought a new position in ONE Gas during the second quarter valued at about $266,000. Quantbot Technologies LP bought a new stake in ONE Gas in the second quarter worth about $2,542,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in ONE Gas by 437.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,843 shares of the utilities provider’s stock valued at $4,947,000 after acquiring an additional 56,029 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $0.67 dividend. The ex-dividend date was Friday, November 14th. This represents a $2.68 annualized dividend and a yield of 3.5%. ONE Gas’s dividend payout ratio is presently 62.47%.

Trending Headlines about ONE Gas

Here are the key news stories impacting ONE Gas this week:

• Positive Sentiment: Zacks raised its Q1 2026 EPS view to $2.07 (from $2.01), a modest upside for near-term results that could support earnings beat expectations. MarketBeat OGS
• Positive Sentiment: Zacks increased Q3 2026 and Q4 2026 estimates (Q3 to $0.47; Q4 to $1.44) and lifted some FY2025/ FY2026 forecasts slightly, signalling modest underlying strength in parts of the earnings profile. MarketBeat OGS
• Positive Sentiment: Zacks included OGS in a Zacks list of “sales growth picks” for 2026, which can draw investor interest and buying from growth-oriented funds. 3 Sales Growth Picks to Bet on for Steady Returns in 2026
• Neutral Sentiment: An aggregate analyst snapshot shows an average “Hold” rating for OGS, implying limited near-term analyst-driven buy/sell pressure beyond the model tinkering. ONE Gas Receives Average Rating of “Hold”
• Negative Sentiment: Zacks cut Q1 2027 and Q3 2027 estimates (Q1 to $2.19 from $2.23; Q3 to $0.48 from $0.52), signaling slightly weaker expectations for early FY2027 results. MarketBeat OGS
• Negative Sentiment: Zacks trimmed Q2 2026 (to $0.71 from $0.77) and lowered Q4 2027 and FY2027 modestly (FY2027 to $4.90 from $4.92), a slight downward revision to longer‑term earnings power that can weigh on the stock. MarketBeat OGS

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.