ONE Gas, Inc. OGS 81.3
Utilities · NYSE · Data as of 2026-08-12
ONE Gas, Inc. (OGS) has delivered +6.4% annualized revenue growth, +6.2% earnings growth, and +8.6% dividend growth over 10 years of data. Ranked #91 of 1968 stocks overall and #12 of 87 in the Utilities sector by Steady Score.
About ONE Gas, Inc.
Company Overview
ONE Gas is a regulated natural-gas distribution utility serving customers in Oklahoma, Kansas and Texas through Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It delivers gas to residential, commercial, industrial and transportation customers using local distribution mains, service lines and related infrastructure. The company invests in replacing aging pipe, improving system safety and reliability and extending service in growing communities.
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Business Model & Revenue
Revenue is collected through state and local regulatory tariffs that recover operating costs and provide a return on utility investment. Customer growth, weather and authorized rate changes affect revenue, while purchased-gas costs are generally passed through without a profit. ONE Gas finances a substantial capital program with operating cash, debt and equity and seeks timely recovery through rate cases and infrastructure mechanisms. Safety execution and financing costs influence results.
Key Facts & Market Position
ONE Gas is a pure-play gas distributor with three established utility brands and no gas exploration or production business. Its essential service and regulated territories support relatively predictable demand, while separate jurisdictions provide some diversification. Warm weather, customer affordability, regulatory outcomes, construction execution and the long-term role of natural gas in buildings remain important considerations.