One Gas Inc

ONE Gas reported second-quarter 2026 adjusted earnings of 82 cents per share, beating the Zacks Consensus Estimate of 65 cents by 26.15% and surging 51.9% from 54 cents a year ago, aided by higher revenues from new rates and lower net interest expense. Revenues of $411.64 million missed the consensus of $440 million and declined 2.9% from $423.74 million in the prior-year quarter. The company raised its full-year 2026 adjusted earnings guidance to a range of $4.83 to $4.95 per share, with the Zacks Consensus Estimate of $4.88 near the midpoint. Texas Gas Service received approval for a $36.9 million revenue increase under its Gas Reliability Infrastructure Program, effective July 2026.

ONE Gas declared a quarterly dividend of $0.68 per share, in line with the previous payout. The dividend carries a forward yield of 3.52% and is payable on August 31 to shareholders of record as of August 17, with the ex-dividend date also set for August 17.

ONE Gas has appointed Nickolas Stavropoulos to its board of directors, effective July 13, 2026, expanding the board from eight to nine members. Stavropoulos, 68, is the retired chief operating officer for Pacific Gas & Electric and National Grid, and the former chief financial officer of Colonial Gas Company, with over 40 years of experience in the energy industry. He led a multi-billion dollar recovery and restoration effort to enhance PG&E's natural gas system and has been a strong advocate for improving safety measures. Stavropoulos holds a Bachelor of Science degree in accounting from Bentley University and a Master of Business Administration from Babson College, and currently serves on the board of directors of Ameresco.

Drugs shares led Tuesday trading, rising about 2% as a group, with Crinetics Pharmaceuticals surging roughly 98.8% and Pyxis Oncology gaining about 18.7%. Gas utilities also showed relative strength, advancing about 1.4% as a group, led by ONE Gas up around 3.5% and Spire up about 3.3%.

ONE Gas plans to invest $800 million in 2026 and approximately $4.3 billion over the next five years, targeting annual rate base growth of 7 to 9 percent. The company served 2,315,000 customers in the first quarter of 2026, a 0.43 percent year-over-year increase, and expects continued customer growth supported by nearly $230 million in 2026 investments for customer growth initiatives. ONE Gas benefits from its fully regulated structure, favorable rate adjustments, and rising residential natural gas consumption, which drive higher sales volumes and revenues. The capital program covers infrastructure expansion, pipeline integrity, system capacity, automated metering, and cybersecurity. Shares of ONE Gas have risen 1.5 percent over the past six months, compared with 2.2 percent for the industry, and the stock carries a Zacks Rank of 3, or Hold.