profit from every $100 of sales.
$0$100
ONE Gas
$83.86+1.54% today
+2.3% in 1 year
1-year low $71.661-year high $90.64
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $19.95 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What ONE Gas sold, what it kept, and what it did with the cash.
Sales went from $2.58 billion in 2022 to $2.43 billion in 2025, with $264 million of profit last year.
SalesProfit
ONE Gas vs. similar companies
ONE Gas grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| ONE Gas | 19.9× · Fair price | ||
 Atmos Energy | 24.9× · Fair price | ||
 NiSource | 23.8× · Fair price | ||
 Centuri Holdings | 98.4× · Very expensive | ||
 Northwest Natural | 19.4× · Fair price |
AI analysis
An AI analyst reads ONE Gas's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,530 | 1,809 | 2,578 | 2,372 | 2,084 | 2,427 | |
| – | – | 647 | 729 | 775 | 870 | |
| 304 | 310 | 350 | 378 | 399 | 457 | |
| – | – | 574 | 667 | 703 | 782 | |
| 196 | 206 | 222 | 231 | 223 | 264 | |
| 3.68 | 3.85 | 4.08 | 4.14 | 3.91 | 4.37 | |
| – | – | 25.1% | 30.7% | 37.2% | 35.8% | |
| 19.8% | 17.2% | 13.6% | 15.9% | 19.1% | 18.8% | |
| 12.8% | 11.4% | 8.6% | 9.7% | 10.7% | 10.9% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 6,029 | 8,402 | 7,776 | 7,771 | 8,426 | 8,853 |
| Cash | 8 | 9 | 10 | 19 | 58 | 11 |
| Total debt | 2,018 | 4,194 | 3,234 | 3,049 | 3,329 | 3,374 |
| Total liabilities | – | – | 5,192 | 5,005 | 5,321 | 5,413 |
| 2,233 | 2,350 | 2,584 | 2,766 | 3,105 | 3,440 | |
| 53 | 54 | 54 | 56 | 57 | 61 | |
| 5.6% | 3.7% | 4.7% | 5.3% | 5.0% | 5.4% | |
| 8.8% | 8.8% | 8.6% | 8.4% | 7.2% | 7.7% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 365 | -1,536 | 1,571 | 940 | 368 | 579 | |
| 471 | 495 | 609 | 667 | 703 | 707 | |
| -107 | -2,031 | 961 | 273 | -335 | -128 | |
| Dividends paid | 114 | 124 | 134 | 144 | 149 | 161 |
| – | – | – | – | – | – | |
| 10 | 10 | 11 | 12 | 14 | 15 |
Valuation
- 19.9×
- 17.4×
- 5.71
- 1.5×
- 2.2×
- –
- 11.0×
- -2.4%
- 5.0%
- 3.3%
Profitability
- 35.8%
- 18.8%
- 10.9%
- 33.8%
- 4.6%
- 3.7%
- 8.2%
- 3.1%
- 6.3%
- –
Growth
- +9.7%
- +3.5%
- +61.6%
- +4.4%
- +2.9%
Financial health
- 4.3×
- 0.96
- 38.3%
- 3.3×
- 0.57
- 0.41
- 0.26
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 36%of 397
Top 50%of 392
Bottom 43%of 363
Top 25%of 397
Bottom 35%of 396
What analysts expect
- Average price target
- $89.60
- Range
- $83.00 – $99.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 4, 2026 | 2.11 | 2.13 | −0.9% |
| Feb 18, 2026 | 1.48 | 1.42 | +4.2% |
| Nov 3, 2025 | 0.44 | 0.44 | +0.0% |
| Aug 5, 2025 | 0.53 | 0.53 | +0.0% |
| May 5, 2025 | 1.98 | 1.85 | +7.0% |
| Feb 19, 2025 | 1.34 | 1.34 | +0.0% |
| Nov 4, 2024 | 0.34 | 0.39 | −12.8% |
| Aug 5, 2024 | 0.48 | 0.49 | −2.0% |
3.3%of the share price, paid each year
On $1,000 invested$33a year at today's yield, before tax
+4.4%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$1.20 in 2015 → $2.68 in 2025
How safe it looks
60.8% of its profit
Room to growStretchedMore than it earns: -125.2%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
34No pass
Benjamin Graham
59No pass
Philip Fisher
35No pass
Peter Lynch
22No pass
Joel Greenblatt
25No pass
Charlie Munger
22No pass
Terry Smith
18No pass
Questions about ONE Gas
Is ONE Gas a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the ONE Gas AI analysis
What does ONE Gas do?
ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It is in Regulated Gas, based in Tulsa, OK, United States, with 4,000 employees.
Does ONE Gas pay a dividend?
Yes. At today's price the dividend is 3.3% a year, about 61% of its yearly profit. In 2025 it paid out $161 million in dividends.
Is ONE Gas stock halal?
No. ONE Gas does not pass our halal screen: its debt is 64% of its market value, at or above the 33% limit. How we check
How has ONE Gas stock done over the past year?
Up 2.3% over the past twelve months, to $83.86. It traded between $71.66 and $90.64 and is 7.5% below its high.
Who are ONE Gas's competitors?
The largest listed companies in the same industry are Atmos Energy, NiSource, Centuri Holdings and Northwest Natural. The peers table on this page compares their profit, growth and price with ONE Gas's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.