OGS

Based on ONE Gas, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does ONE Gas do?

ONE Gas distributes natural gas to more than two million residential, commercial, and transportation customers across Oklahoma, Kansas, and Texas. It operates through three divisions — Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service — and maintains an extensive network of distribution mains, transmission pipelines, and underground storage facilities.

Does OGS pay dividends?

Yes, ONE Gas pays a regular dividend. As a regulated utility with relatively predictable cash flows, the company has maintained a consistent dividend program. Investors focused on income often look to utilities like OGS, though it is worth reviewing the Risk pillar rating before building an income position.

When does OGS report earnings?

ONE Gas reports on a quarterly cadence, as is standard for US-listed companies. Exact dates shift each quarter. For confirmed upcoming earnings dates, check ONE Gas's investor relations page or a financial calendar service.

Is OGS a good stock to buy?

UQS Score rates OGS as Below Average overall. The Moat and Valuation pillars are relative strengths, but the Weak Risk pillar is a meaningful concern. Whether OGS fits a portfolio depends on an investor's income needs, risk tolerance, and view on the regulatory environment. The full pillar breakdown is available to Pro members.

Is OGS overvalued?

The UQS Valuation pillar for OGS is rated Good, suggesting the stock does not appear significantly overpriced relative to its fundamentals at the time of scoring. Regulated utility valuations are sensitive to interest rate movements, so conditions can shift. View the complete valuation metrics with a UQS Pro account.

How does OGS compare to its competitors?

Among regulated natural gas utilities, ONE Gas is a pure-play distributor with no significant unregulated business lines. Peers like Spire operate similar models in different states, while New Jersey Resources carries more business diversification. UQS Score provides side-by-side pillar comparisons for subscribers.

What is OGS's market cap bracket?

ONE Gas is classified as a mid-cap company. This places it among the mid-tier regulated utilities — larger than many regional operators but smaller than the largest diversified utility conglomerates in the sector.

Who founded ONE Gas?

ONE Gas, Inc. was incorporated and spun off as an independent public company in 2014, though its operational heritage dates to 1906. The company's founding history as a standalone entity is tied to its separation from ONEOK, Inc. Further detail is available through ONE Gas's corporate history disclosures.

Is OGS a long-term quality investment?

From a long-term quality perspective, the UQS Score rates OGS as Below Average, with a Good Moat but a Weak Risk pillar. Regulated utilities can offer durability through economic cycles, but the risk profile here tempers the long-term quality case. Pro members can access the full pillar detail to assess fit for long-horizon portfolios.

What is the main competitive advantage of ONE Gas?

ONE Gas benefits from government-regulated service territories that effectively prevent direct competition within its operating regions. This regulatory moat, combined with essential-service demand for natural gas, underpins relatively stable revenues. The UQS Moat pillar reflects this structural advantage.

What sector does OGS belong to?

ONE Gas operates in the Utilities sector, specifically as a regulated natural gas distribution company. Utilities are generally considered defensive investments due to their essential-service nature, though they carry interest rate sensitivity and regulatory risk that investors should factor in.

ONE Gas, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.

ONE Gas, Inc. shows steady but unspectacular growth, typical for mature companies.

ONE Gas, Inc. presents elevated risk with concerns around leverage or financial stability.

ONE Gas, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

ONE Gas, Inc. has meaningful competitive advantages that should protect its market position. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OGS.

The UQS (Unified Quality Score) for ONE Gas, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses ONE Gas, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether ONE Gas, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.