What is Zacks Research’s Forecast for ONE Gas Q1 Earnings?

ONE Gas, Inc. (NYSE:OGS) – Zacks Research boosted their Q1 2026 earnings 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 forecast 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 announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $379.13 million during the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS.

Several other equities analysts also recently weighed in on OGS. Bank of America boosted their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. UBS Group cut their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Mizuho increased their target price on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Morgan Stanley restated an “underperform” rating and issued a $75.00 target price on shares of ONE Gas in a report on Thursday, November 20th. Finally, Jefferies Financial Group lifted their price target on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average target price of $85.86.

ONE Gas Trading Up 0.5%

Shares of OGS stock opened at $77.92 on Thursday. The company has a market cap of $4.67 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. ONE Gas has a 1 year low of $68.19 and a 1 year high of $83.96. The stock’s 50 day simple moving average is $79.27 and its two-hundred day simple moving average is $77.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33.

ONE Gas Dividend Announcement

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

Institutional Trading of ONE Gas

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ONE Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after purchasing an additional 1,461 shares during the period. NewEdge Advisors LLC lifted its holdings in ONE Gas by 895.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after buying an additional 2,685 shares in the last quarter. Empowered Funds LLC boosted its position in ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after buying an additional 522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ONE Gas by 18.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after buying an additional 34,647 shares during the period. Finally, Jane Street Group LLC bought a new position in ONE Gas in the 1st quarter worth about $5,876,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Key Headlines Impacting ONE Gas

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

• Positive Sentiment: Zacks raised near-term and medium-term estimates for several periods (FY2025 and FY2026 EPS lifted modestly; Q1 2026 and Q3 2026 EPS were nudged higher), which supports forward earnings visibility and rate-base growth expectations.
• Positive Sentiment: OGS was included among Zacks’ “3 Sales Growth Picks to Bet On for Steady Returns in 2026,” signaling positive analyst attention and interest from growth-oriented investors. 3 Sales Growth Picks to Bet on for Steady Returns in 2026
• Neutral Sentiment: Analyst consensus remains around a mid-single-digit EPS outlook (consensus FY currently ~4.26), and the stock’s valuation metrics (P/E ~18, beta ~0.8) imply defensiveness typical for utilities; these structural factors temper volatility.
• Neutral Sentiment: One aggregated note: OGS has an average analyst rating of “Hold” per a recent coverage roundup, suggesting limited near-term catalyst from changing broker stances. ONE Gas Receives Average Rating of “Hold”
• Negative Sentiment: Zacks trimmed several forward-period estimates: Q2 2026, Q1 2027 and Q3 2027 EPS were reduced slightly, and they lowered FY2027 EPS modestly — these cuts introduce some downward pressure on near-term growth expectations and could cap upside until visibility improves.
• Negative Sentiment: Zacks also lowered certain later-period quarter forecasts (Q4 2027) and trimmed some revenue/earnings outlook points in other windows, a mixed signal that may keep traders cautious on larger multiple expansion while regulators and weather remain variables for utility earnings.

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.