ONE Gas launches major Oklahoma natural gas pipeline project

ONE Gas ( (OGS) ) just unveiled an announcement.

On December 18, 2025, ONE Gas, Inc. announced a joint infrastructure initiative to build a 43-mile, large-diameter natural gas pipeline in southeast Oklahoma to support economic growth and enhance energy reliability in the region. The $150–$160 million project, of which ONE Gas will invest about $120 million, will connect the Bennington Natural Gas Hub to Western Farmers Electric Cooperative’s Hugo Plant near Fort Towson, enabling delivery of more than 100 billion cubic feet of natural gas annually to fuel 400 megawatts of natural gas-fired generation by 2029 as the first phase of WFEC’s long-term resource plan; the pipeline, to be installed and operated by Oklahoma Natural Gas, is expected to be completed by the third quarter of 2028, positioning ONE Gas as a key energy infrastructure provider for the plant and surrounding communities.

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.

ONE Gas’s overall stock score is driven by solid financial performance and positive corporate events, which are offset by bearish technical indicators and challenges in cash flow management. The company’s reasonable valuation and attractive dividend yield provide additional support.

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

More about ONE Gas

ONE Gas, Inc. operates in the natural gas utility and infrastructure industry, providing pipeline transportation and distribution services, with a regional focus that includes Oklahoma through its local distribution company, Oklahoma Natural Gas.

Average Trading Volume: 449,716

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.65B

For an in-depth examination of OGS stock, go to TipRanks’ Overview page.