ONE Gas Inc Reports Q3 Profit Rise, Narrows 2025 Guidance

ONE Gas Inc. reported a significant increase in its third-quarter net income to $26.5 million from $19.3 million the previous year, driven largely by new rates and customer growth in Oklahoma and Texas. The company's revenue rose 11.4% to $379.13 million, supported by operational efficiency despite higher expenses. ONE Gas narrowed its financial guidance for 2025 and announced a quarterly dividend of $0.67 per share. Regulatory activities included rate cases and infrastructure program filings in Texas, Kansas, and Oklahoma, with new rates expected to take effect in 2026. Analysts maintain a generally positive outlook, with an average rating of "buy" and a median price target slightly below recent trading prices, reflecting confidence in the company's stable financial performance and attractive dividend yield. However, some analysts note cash flow challenges that the company needs to address.