ONE Gas Announces Modest Dividend Increase and Outlook

An announcement from ONE Gas ( (OGS) ) is now available.

On January 20, 2026, ONE Gas’ board of directors increased the company’s first-quarter 2026 dividend by one cent to 68 cents per share, equivalent to an annualized dividend of $2.72 per share, payable on March 6, 2026 to shareholders of record as of February 20, 2026. The company also signaled a modest but steady capital return profile by stating it expects average annual dividend growth of 1% to 2% through 2030, reinforcing its income-focused value proposition for investors in a regulated utility business.

The most recent analyst rating on (OGS) stock is a Hold with a $83.00 price target. To see the full list of analyst forecasts on ONE Gas stock, see the OGS Stock Forecast page.

Spark’s Take on OGS Stock

According to Spark, TipRanks’ AI Analyst, OGS is a Neutral.

The score is primarily held back by cash-flow quality (negative free cash flow) and moderate leverage despite solid operating margins. Valuation and dividend yield are supportive, while the latest earnings call and corporate updates improve the outlook via higher/tightened guidance, executed projects, and strengthened liquidity. Technical signals are mildly bearish, limiting near-term momentum.

To see Spark’s full report on OGS stock, click here.

More about ONE Gas

ONE Gas, Inc. (NYSE: OGS) is a 100% regulated natural gas utility and one of the largest in the United States, included in the S&P MidCap 400 Index. Headquartered in Tulsa, Oklahoma, the company serves more than 2.3 million customers through its divisions Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service, which are leading natural gas distributors in their respective states of Kansas, Oklahoma and Texas.

Average Trading Volume: 447,981

Technical Sentiment Signal: Buy

Current Market Cap: $4.72B

See more insights into OGS stock on TipRanks’ Stock Analysis page.