ONE Gas Executes Forward Equity Agreements to Raise Capital

ONE Gas ( (OGS) ) has shared an update.

ONE Gas, Inc., a U.S. regulated natural gas utility, has entered into a series of forward sale agreements to issue a total of 2,633,700 shares of common stock by December 29, 2025. Under these agreements with Bank of America, N.A. and JPMorgan Chase Bank, National Association, the company expects to issue 223,000 and 180,000 shares pursuant to two amended 2023 contracts with Bank of America and 2,230,700 shares under a May 8, 2025 contract with JPMorgan, resulting in aggregate expected net proceeds of approximately $205 million that will bolster its capital resources and financial flexibility.

The most recent analyst rating on (OGS) stock is a Hold with a $85.00 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.

ONE Gas’s overall stock score reflects a solid financial performance with strong revenue growth and operational efficiency. The technical analysis indicates a bearish trend, but the company’s valuation is fair, supported by a reasonable P/E ratio and dividend yield. Positive earnings call highlights and strategic corporate events further bolster the company’s growth prospects, despite challenges with rising costs and rate case delays.

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

More about ONE Gas

ONE Gas, Inc. is a regulated natural gas utility company that distributes natural gas to residential, commercial and industrial customers in the United States, operating essential energy infrastructure within the broader utilities sector.

Average Trading Volume: 439,696

Technical Sentiment Signal: Buy

Current Market Cap: $4.66B

For a thorough assessment of OGS stock, go to TipRanks’ Stock Analysis page.