OGS - NYSE

ONE Gas, Inc.

ONE Gas, Inc.

OGSยทNYSE

$77.30

+0.65%
UtilitiesRegulated Gas

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 provides natural gas distribution services to 2.2 million customers in three states. It serves residential, commercial, and transportation customers. As of December 31, 2021, it operated approximately 41,600 miles of distribution mains; and 2,400 miles of transmission pipelines, as well as had 51.4 billion cubic feet of natural gas storage capacity. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.85B
EPS4.3900
P/E Ratio17.61
Earnings Date08/04/2026
ONE Gas, Inc.

ONE Gas, Inc. Fair Value Envelope

OGS ยท NYSE

Our analysis suggests that OGS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $77.3, this represents a potential HIDDEN relative to our calculated worth for ONE Gas, Inc..

HIDDEN
Intrinsic Value
Current Price: $77.3

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$492.5B
+ Cash & Equivalents$33.7M
Firm Value$492.6B
- Debt$3.4B
Equity Value$489.2B
/ Shares Outstanding59,999,041B
DCF Value$8.2K
UNDERVALUED BY 10447%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$935.7M
$1.5B
$2.4B
$4.0B
$6.4B
$10.3B
$16.7B
$27.0B
$43.6B
$70.5B
Maintenance CapEx
-$228.6M
-$369.6M
-$597.4M
-$965.7M
-$1.6B
-$2.5B
-$4.1B
-$6.6B
-$10.7B
-$17.2B
Owner Earnings
$707.0M
$1.1B
$1.8B
$3.0B
$4.8B
$7.8B
$12.6B
$20.4B
$33.0B
$53.3B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$654.6M
$979.8M
$1.5B
$2.2B
$3.3B
$4.9B
$7.4B
$11.0B
$16.5B
$24.7B
Terminal Value represents 85.2% of Enterprise Value

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