February 18, 2026 Analyst Contact: Erin Dailey 918-947-7441 Media Contact: Leah Harper 918-947-7123 ONE Gas Announces Fourth Quarter and Full Year 2025 Financial Results; Releases Non-GAAP Adjusted Financial Guidance Analyst call and webcast scheduled tomorrow, Feb. 19 at 11 a.m. EST TULSA, Okla. - Feb 18, 2026 - ONE Gas, Inc. (NYSE: OGS) today announced its fourth quarter and full year 2025 financial results, which include diluted earnings per share of $1.42 and $4.37, respectively. The Company also provid ...

Core Insights - ONE Gas, Inc. reported strong financial results for the fourth quarter and full year 2025, with diluted earnings per share of $1.42 and $4.37 respectively, and adjusted net income of $1.48 per diluted share for Q4 and $4.48 for the full year [1][2][4] - The company anticipates 2026 adjusted net income to range from $306 million to $314 million, translating to earnings per diluted share of $4.83 to $4.95, with long-term growth expectations of 7 to 9 percent [2][5] Financial Results & Highlights - For Q4 2025, adjusted net income was $89.7 million, up from $77.5 million in Q4 2024, while full year adjusted net income increased to $271 million from $224.8 million in 2024 [1][4] - Operating income for the full year 2025 was $457.5 million, compared to $399 million in 2024, driven by increased residential sales and new rates [1][4] - Capital expenditures for 2025 were $759.5 million, slightly down from $762.1 million in 2024 [1][4] Regulatory Activities Update - In June 2025, Texas Gas Service filed a rate case resulting in a $14.4 million revenue increase, with new rates effective January 27, 2026 [1][2] 2026 Financial Guidance - ONE Gas expects capital investments of approximately $800 million in 2026, focusing on system integrity and customer extensions [2][5] - The company projects adjusted net income growth of 7 to 9 percent and adjusted net income per diluted share growth of 5 to 7 percent, consistent with its five-year financial outlook [2][5] Earnings Conference Call - An earnings conference call is scheduled for February 19, 2026, at 11 a.m. EST, to discuss the financial results and future outlook [2][5]

ONE Gas Announces Leadership Progression to Support Scaled Operations and Long-term Growth [Accessibility Statement] Skip NavigationTULSA, Okla., Feb. 18, 2026 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) announced today that Curtis Dinan, senior vice president and chief operating officer, will be promoted to the position of president and chief operating officer effective March 1, 2026.Robert S. McAnnally, president and chief executive officer, will continue in the role of chief executive officer, focusing on ...

Core Viewpoint - Jefferies expresses a positive outlook on five dividend-paying utility stocks while cautioning about potential regulatory and political challenges in the sector due to upcoming elections [1]. Group 1: Sector Overview - The utility sector has seen a significant increase, with a nearly 21% gain from its low in April 2025, driven by rising electricity demand from data centers [1]. - Despite the positive start to 2026, investor concerns have emerged due to unfavorable regulatory and political developments, particularly with 36 gubernatorial elections expected [1]. - Jefferies highlights that utility stocks are likely to perform better than high-flying technology stocks during potential market declines [1]. Group 2: Recommended Utility Stocks - **Ameren Corp. (NYSE: AEE)**: Offers a 2.69% dividend; operates in four segments including electric and natural gas distribution. Jefferies target price is $124 [1]. - **CenterPoint Energy Inc. (NYSE: CNP)**: Provides a 2.16% dividend; operates electric and natural gas distribution services. Jefferies target price is $44 [1]. - **Entergy Corp. (NYSE: ETR)**: Engaged in electric power production with a 2.48% dividend; operates in the Deep South. Jefferies target price is $114 [2]. - **NiSource Inc. (NYSE: NI)**: Offers a 2.55% yield; operates natural gas distribution in several states. Jefferies target price is $49 [2]. - **One Gas Inc. (NYSE: OGS)**: Provides a 3.32% dividend; focuses on natural gas distribution across multiple states. Jefferies target price is $95 [2].

Core Insights - The article discusses the impact of ongoing inflation on the Federal Reserve's monetary policy and suggests focusing on low-beta defensive stocks to navigate market volatility [2][3][10] Economic Context - Inflation has risen, with the personal consumption expenditure (PCE) index increasing by 2.8% year-over-year in November, moving further away from the Federal Reserve's 2% target [6][8] - Personal income growth has slowed, with increases of 0.1% in October and 0.3% in November, below analysts' expectations [9] Investment Recommendations - Investors are advised to consider low-beta defensive stocks, particularly in the utility and consumer staples sectors, to mitigate market fluctuations [4][5] - Featured stocks include: - **Ameren Corp. (AEE)**: Expected earnings growth rate of 8.2%, Zacks Rank 2, beta of 0.58, dividend yield of 2.78% [12][13] - **Fortis, Inc. (FTS)**: Expected earnings growth rate of 4.2%, Zacks Rank 2, beta of 0.50, dividend yield of 3.46% [14][15] - **ONE Gas, Inc. (OGS)**: Expected earnings growth rate of 11.8%, Zacks Rank 2, beta of 0.81, dividend yield of 3.47% [16] - **Hormel Foods Corp. (HRL)**: Expected earnings growth rate of 6.6%, Zacks Rank 2, beta of 0.33, dividend yield of 4.76% [17] - **J&J Snack Foods Corp. (JJSF)**: Expected earnings growth rate of 4.5%, Zacks Rank 2, beta of 0.34, dividend yield of 3.43% [18][19]

Core Viewpoint - Investors are comparing ONE Gas (OGS) and MDU Resources (MDU) to determine which stock offers better value for investment at present [1] Group 1: Zacks Rank and Earnings Outlook - ONE Gas has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to MDU Resources, which has a Zacks Rank of 3 (Hold) [3] - OGS is expected to have a stronger improvement in its earnings outlook than MDU [3] Group 2: Valuation Metrics - OGS has a forward P/E ratio of 16.41, while MDU has a forward P/E of 20.13, suggesting OGS may be undervalued relative to MDU [5] - The PEG ratio for OGS is 2.47, compared to MDU's PEG ratio of 3.21, indicating OGS has a more favorable earnings growth outlook [5] - OGS has a P/B ratio of 1.46, while MDU's P/B ratio is 1.52, further supporting OGS as the more attractive investment option [6] Group 3: Value Grades - OGS holds a Value grade of B, while MDU has a Value grade of C, reinforcing the view that OGS is the superior value option at this time [6]

Core Viewpoint - ONE Gas, Inc. has announced its schedule for the release of its fourth quarter and full year 2025 financial results, along with subsequent conference calls and webcasts for 2026 [1][4]. Financial Results Announcement - The fourth quarter and full year 2025 financial results will be released after market close on February 18, 2026 [1]. - The conference call to discuss these results will take place on February 19, 2026, at 11 a.m. Eastern Standard Time [1][3]. Conference Call Details - The conference call will be accessible via phone at 833-470-1428 with a passcode of 246604 [3]. - A live webcast will be available on the ONE Gas website, and a replay will be accessible for 30 days post-event [2][3]. 2026 Earnings Schedule - The earnings news releases for the first, second, and third quarters of 2026 are scheduled as follows: - First quarter: May 4, 2026; Conference call on May 5, 2026 [8]. - Second quarter: August 4, 2026; Conference call on August 5, 2026 [8]. - Third quarter: November 2, 2026; Conference call on November 3, 2026 [8]. Company Overview - ONE Gas, Inc. is a 100-percent regulated natural gas utility, trading on the NYSE under the symbol "OGS" [5]. - The company serves over 2.3 million customers across Kansas, Oklahoma, and Texas, with divisions including Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service [6].

Core Insights - The investment landscape in 2026 is influenced by themes from 2025, including AI optimism, Federal Reserve policies, geopolitical tensions, and tariff risks [1] Sales Growth as an Indicator - Sales growth is a reliable metric for evaluating stocks, reflecting actual demand and underlying company momentum, unlike earnings which can be influenced by accounting practices [3] - Consistent sales growth indicates potential market share expansion and successful entry into new markets, serving as an early indicator of earnings upside and long-term value creation [3] Contextual Analysis of Sales Performance - Sales performance should be contextualized against peers, industry trends, and economic conditions to identify companies with durable growth and competitive advantages [4] - Durable growth supports predictable cash flows, allowing management to reinvest and maintain balance sheet strength without excessive debt [4] Stock Selection Criteria - Stocks are shortlisted based on criteria including 5-Year Historical Sales Growth greater than industry average and Cash Flow exceeding $500 million [5] - Additional metrics include a Price/Sales (P/S) Ratio lower than industry average, positive changes in sales estimate revisions, operating margins above 5%, and Return on Equity (ROE) greater than 5% [6][7][8] Highlighted Stocks for 2026 - MKS Inc. (MKSI), Ameren Corporation (AEE), and ONE Gas, Inc. (OGS) are identified for their robust sales growth and strong financial fundamentals [10] - MKSI expects a sales growth of 6.9% in 2026, AEE projects 7.2%, and OGS forecasts a 5% increase, all while maintaining high cash flow and solid operating margins [10][11][12][13]

Core Viewpoint - Investors are evaluating ONE Gas (OGS) and MDU Resources (MDU) to determine which stock offers better value for investment opportunities in the Utility - Gas Distribution sector [1] Group 1: Zacks Rank and Earnings Estimates - ONE Gas has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while MDU Resources has a Zacks Rank of 3 (Hold), suggesting a less favorable earnings outlook [3] - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, making OGS a more attractive option for investors seeking growth [3] Group 2: Valuation Metrics - OGS has a forward P/E ratio of 16.33, compared to MDU's forward P/E of 19.89, indicating that OGS may be undervalued relative to MDU [5] - The PEG ratio for OGS is 2.45, while MDU's PEG ratio is 2.63, suggesting that OGS has a more favorable earnings growth outlook relative to its price [5] - OGS has a P/B ratio of 1.45, slightly lower than MDU's P/B of 1.48, further supporting the argument that OGS is a better value investment [6] Group 3: Value Grades - OGS has been assigned a Value grade of B, while MDU has a Value grade of C, indicating that OGS is perceived as a more attractive investment based on traditional valuation metrics [6]

分组1 - A number of natural gas utility companies have experienced a decline in their stock prices over the past few weeks [1] - ONE Gas, Inc. (OGS) is highlighted as a company operating in this sector, which has been analyzed recently [1] - The article emphasizes that the best investment opportunities often arise from stocks that are less followed by average investors or those that do not accurately reflect current market opportunities [1]