Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

ONE Gas, Inc.
Next earnings Aug 4, 2026 · consensus $0.64 EPS, $401M rev
Last earnings -0.1% on 2026-05-04
Steady regulated natural-gas utility with dependable earnings and a growing dividend, fairly valued at ~18x — a low-risk income holding, not a grower.
Sources: SEC EDGAR (CIK 0001587732, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:59:07 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals offset by an attractive price (~112% below fair value) — worth a look on the value angle.
ONE Gas is a pure-play regulated natural-gas distribution utility serving Oklahoma, Kansas and Texas — a low-risk, rate-regulated business whose earnings are tied to an expanding rate base rather than commodity prices. The profile is exactly what you'd expect: steady, predictable growth. Net income rose 18.6% to $264M and diluted EPS grew 11.8% to $4.37, continuing a dependable climb (net income has stepped up from $206M in FY2021), with a 17.7% operating margin. Operating cash flow jumped 57.1% to $579M, comfortably covering the growing dividend ($161M, +7.5%).
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.81B | $2.58B | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | $310M | $350M | $378M | $399M | $457M |
| Net income | $206M | $222M | $231M | $223M | $264M |
| Diluted EPS | $3.85 | $4.08 | $4.14 | $3.91 | $4.37 |
| Net margin | 11.4% | 8.6% | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-06-09 | McCormick Joseph L Insider | Exercise | 1.27K @ $76.00 | $96.7K |
| 2026-06-09 | McCormick Joseph L Insider | Tax | 558.14 @ $76.00 | $42.4K |
| 2026-06-09 | McCormick Joseph L Insider | Exercise | 1.23K @ $76.00 | $93.5K |
| 2026-06-09 | McCormick Joseph L Insider | Tax | 539.42 @ $76.00 | $41.0K |
| 2026-06-09 | McCormick Joseph L Insider | Exercise | 824.51 @ $76.00 | $62.7K |
| 2026-06-09 | McCormick Joseph L Insider | Tax | 361.55 @ $76.00 | $27.5K |
| 2026-06-03 | GIBSON JOHN WILLIAM Director | Exercise | 20.0K @ $77.47 | $1.55M |
| 2026-06-03 | MOORE PATTYE L Director | Exercise | 5.64K @ $77.47 | $437K |
| 2026-05-21 | Meshri Sanjay D. Director | Award | 1.70K @ $82.35 | $140K |
| 2026-05-21 | RODRIGUEZ EDUARDO A Director | Award | 1.27K @ $82.35 | $105K |
| 2026-05-21 | Hutchinson Michael G Director | Award | 1.70K @ $82.35 | $140K |