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ONE Gas ( (OGS) ) has provided an update.
On February 18, 2026, ONE Gas reported fourth-quarter 2025 net income of $86.3 million, or $1.42 per diluted share, up from $77.0 million a year earlier, with adjusted EPS rising to $1.48. Full-year 2025 net income increased to $264.2 million, or $4.37 per share, while adjusted EPS reached $4.48, driven largely by $116 million from new rates and customer growth, partly offset by higher depreciation, employee costs and taxes.
The company settled forward equity contracts in December 2025 for $205 million in net proceeds, held capital spending roughly flat at $759.5 million, and won approval in Texas for a $14.4 million revenue increase and divisional consolidation effective January 27, 2026. ONE Gas raised its first-quarter 2026 dividend to $0.68 per share and issued 2026 guidance calling for adjusted net income of $306 million to $314 million, underpinned by about $800 million of planned capital investments focused on system integrity and customer expansion.
The most recent analyst rating on (OGS) stock is a Hold with a $73.00 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 driven primarily by solid but not flawless fundamentals: strong operating performance is offset by negative free cash flow and leverage risk. Earnings-call updates are constructive (higher/tighter guidance and strong project execution), while technical signals are mixed and cap near-term momentum. Valuation is supportive due to the 3.40% dividend yield alongside a mid-range P/E.
To see Spark’s full report on OGS stock, click here.
More about ONE Gas
ONE Gas, Inc., based in Tulsa and listed on the NYSE as OGS, operates as a regulated natural gas utility serving residential and large-load customers across multiple U.S. states. The company focuses its capital spending on system integrity, replacement projects, and extending service to new areas, while using regulatory mechanisms to mitigate lag and support long-term earnings growth.
Average Trading Volume: 456,939
Technical Sentiment Signal: Buy
Current Market Cap: $5.16B
See more insights into OGS stock on TipRanks’ Stock Analysis page.