ONE Gas (OGS)
NYSE:OGS
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.63Last Year’s EPS
0.53Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized resilient financial and operational performance despite an extraordinarily warm winter. Key positives include adjusted EPS growth (6% YoY), higher revenues from new rates (~$27M), meaningful storage-driven savings (~$98M), cost-of-capital improvements, strong safety recognition, ongoing large-load opportunities, and productivity gains from automation. Headwinds were primarily weather-related volume and cash-flow timing impacts, an 8.6% increase in O&M driven by workforce costs and line-locating, and a modest decline in other income. Management affirmed full-year guidance and described specific actions (capacity release, project timing flexibility, in-sourcing safety functions) to mitigate the weather impacts, suggesting challenges are manageable and largely timing-related.Company Guidance
Adjusted EPS and Net Income Growth
Adjusted net income for Q1 was $133.4 million (vs. $120.1 million a year ago, ~11.1% increase) and adjusted diluted EPS was $2.11 (up 6% year-over-year). Company affirmed 2026 guidance of adjusted net income $306M–$314M and adjusted EPS $4.83–$4.95.
Revenue Benefit from New Rates
First-quarter revenues included approximately $27 million of incremental revenue from new rates.
Storage Capacity and Price Volatility Protection
ONE Gas increased storage capacity ~20% since Winter Storm Uri and used that capacity during Winter Storm Fern to shield customers from spot price volatility, saving approximately $98 million relative to purchasing gas at spot prices.
Improved Cost of Capital and Depreciation
Depreciation and amortization expense declined 6% year-over-year and interest expense declined 9% year-over-year; excluding KGSS-I, interest expense was $3 million lower in the quarter, aided by Texas HB 4384 and 2025 Fed rate cuts.
Strong Balance Sheet and Liquidity Actions
Adjusted cash from operations-to-debt ratio was 19.1% for 2025 supporting credit ratings (S&P A- stable; Moody’s A3 stable). Executed forward sale agreements for ~237,000 shares under ATM program and noted that had all forward sales settled by 3/31 net proceeds would have totaled ~ $41.5 million.
Operational and Safety Achievements
Awarded AGA Safety Achievement Award for 2025 for the ninth consecutive year, highlighting workplace and driving safety performance.
Capital Deployment and Major Projects On Track
Completed ~$170 million of capital projects in Q1 (in line with prior year). Western Farmers 43-mile, 24-inch pipeline project proceeding on schedule for 2028 service; 1.6-mile El Paso pipeline on track for early Q3 commissioning.
Customer Growth and Large-Load Opportunities
Installed over 6,300 new meters through April with strong growth in Oklahoma City and El Paso. Company has six late-stage large-load discussions that could support ~3 GW of generation and up to 1 Bcf/day demand; signed a transportation agreement to supply 20 MMcf/day to an Oklahoma data center.
Operational Efficiency and Technology Gains
Line-locating brought in-house produced operational benefits; line-locating activity rose ~8.5% YoY while damages declined 2%. AI-driven process improvements have generated more than 12,000 annualized labor hours of savings.
Dividend Consistency
Board declared a quarterly dividend of $0.68 per share, unchanged from the prior quarter.
OGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $88.09 | $85.97 | -2.40% |
Feb 18, 2026 | $82.63 | $84.17 | +1.86% |
Sep 30, 2025 | $78.98 | $77.98 | -1.27% |
Aug 06, 2025 | $71.41 | $72.65 | +1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ONE Gas (OGS) report earnings?
ONE Gas (OGS) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is ONE Gas (OGS) earnings time?
ONE Gas (OGS) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OGS EPS forecast?
OGS EPS forecast for the fiscal quarter 2026 (Q2) is 0.63.