Zacks Research Has Bullish Outlook for ONE Gas Q1 Earnings

ONE Gas, Inc. (NYSE:OGS) – Research analysts at Zacks Research upped their Q1 2026 earnings per share estimates for shares of ONE Gas in a research note issued to investors on Tuesday, January 13th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings of $2.07 per share for the quarter, up from their prior estimate of $2.01. The consensus estimate for ONE Gas’ current full-year earnings is $4.26 per share. Zacks Research also issued estimates for ONE Gas’ Q2 2026 earnings at $0.71 EPS, Q3 2026 earnings at $0.47 EPS, Q4 2026 earnings at $1.44 EPS, Q1 2027 earnings at $2.19 EPS, Q3 2027 earnings at $0.48 EPS and FY2027 earnings at $4.90 EPS.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The business had revenue of $379.13 million for the quarter, compared to analyst estimates of $404.19 million. During the same period last year, the company earned $0.34 EPS. ONE Gas’s revenue for the quarter was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 5th. Bank of America upped their price target on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Mizuho increased their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. UBS Group cut their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Morgan Stanley reissued an “underperform” rating and set a $75.00 target price on shares of ONE Gas in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.86.

ONE Gas Stock Up 1.0%

Shares of ONE Gas stock opened at $78.70 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. ONE Gas has a 52-week low of $68.19 and a 52-week high of $83.96. The company’s 50 day moving average price is $79.20 and its 200-day moving average price is $77.62. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.49 and a beta of 0.81.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.68 annualized dividend and a yield of 3.4%. ONE Gas’s payout ratio is presently 62.47%.

Institutional Trading of ONE Gas

A number of hedge funds have recently made changes to their positions in OGS. Advisory Services Network LLC purchased a new position in ONE Gas during the third quarter valued at $36,000. Caldwell Trust Co purchased a new stake in shares of ONE Gas in the second quarter worth $33,000. Daiwa Securities Group Inc. bought a new position in shares of ONE Gas during the second quarter valued at $50,000. Avalon Trust Co purchased a new position in shares of ONE Gas in the 2nd quarter worth about $51,000. Finally, UMB Bank n.a. boosted its stake in ONE Gas by 36.1% in the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 227 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Trending Headlines about ONE Gas

Here are the key news stories impacting ONE Gas this week:

• Positive Sentiment: Zacks raised several 2026 quarterly estimates — Q1 2026 to $2.07 (from $2.01), Q3 2026 to $0.47 (from $0.45), and Q4 2026 to $1.44 (from $1.43) — suggesting slightly stronger late‑2025 / early‑2026 earnings expectations. MarketBeat OGS
• Neutral Sentiment: Analysts’ consensus remains an average “Hold” rating on OGS, reflecting no clear bullish or bearish tilt from the analyst community. ONE Gas Receives Average Rating of Hold
• Negative Sentiment: Zacks trimmed several forward estimates: Q2 2026 to $0.71 (from $0.77), Q1 2027 to $2.19 (from $2.23), Q3 2027 to $0.48 (from $0.52) and cut FY2027 slightly to $4.90 (from $4.92). These modest downward revisions and the small FY2027 cut may weigh on sentiment by lowering multi‑quarter visibility into earnings. MarketBeat OGS

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.