Headquartered in Tulsa, OK Fiscal year ends December NYSE: OGS onegas.com
ONE Gas, Inc. (NYSE and NYSE Texas: OGS) is a 100% regulated natural gas distribution utility serving more than 2.3 million customers in Kansas, Oklahoma and Texas. It operates through three divisions:
- Kansas Gas Service, the largest natural gas distributor in Kansas.
- Oklahoma Natural Gas, the largest in Oklahoma.
- Texas Gas Service, the third largest in Texas by customers.
Revenue comes mainly from natural gas sales to residential, commercial and industrial customers, along with transportation services and securitization customer charges. The securitization charges relate to Kansas Gas Service Securitization I bonds issued after Winter Storm Uri costs.
Earnings depend on state-regulated rates and infrastructure recovery mechanisms. These include Oklahoma's Performance-Based Rate Change, Texas's Gas Reliability Infrastructure Program and Kansas's Gas System Reliability Surcharge. Weather normalization mechanisms reduce the impact of weather on results. The company invests roughly $800 million a year, mainly in system integrity, pipe replacement and extending service to new customers, and sees growing large-load demand across its service territory. It is included in the S&P MidCap 400 Index. Updated
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.
Winter bills squeeze households, but the local monopolies behind the gas pipes collect checks every quarter. Three regulated utilities pay different rates, and one pending rate case could reshape the income for…
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Five top utility stocks are the top picks at Jefferies. They pay substantial dividends and make sense for conservative growth and income investors.
ONE Gas, Inc. (NYSE and NYSE Texas: OGS) is a 100% regulated natural gas distribution utility serving more than 2.3 million customers in Kansas, Oklahoma and Texas.
24/7 Wall St.'s 12-month price target for OGS is $92.20, rated Buy. The Wall Street consensus target is $86.17. OGS price prediction →
