ONE Gas tops Q3 EPS expectations and lifts full-year guidance again

As seen on the 24/7 Wall St. homepage on November 2, 2026.

OGS ONE Gas
Q3 2026
EPS
$0.53
est $0.48 +11.0%
Revenue
$391M
est $398M -1.6%

Rate approvals across Texas, Oklahoma and Kansas pushed ONE Gas to raise full-year adjusted EPS guidance to $4.95 to $5.01, its second hike this year, despite weather 23% warmer than normal. Revenue came in just under expectations, with the regulated earnings engine carrying results.

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Adjusted diluted EPS of $0.53 in the third quarter of 2026 beat expectations on regulatory execution across its three-state footprint, which holds up even in an unfavorable weather environment.

Rate approvals in Texas, Oklahoma and Kansas pushed operating income up 18.4% from the same quarter a year earlier, locking in gains that do not depend on weather.

Revenue of $391.3 million rose 3.2% year over year while missing expectations, with weather running 23% warmer than normal through the first nine months of the year.

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Management raised full-year adjusted EPS guidance to a $4.98 midpoint, the second increase of 2026, while the capital investment plan remains unchanged.

CEO Robert S. McAnnally said the 2026 financing plan is complete, and the declared quarterly dividend brings the annualized rate to $2.72.

Mentioned: OGS