First read for a new ticker takes about 20–30 seconds while we build the analysis from the latest fundamentals, estimates, and intelligence. It's saved after this, so future visits are instant.
★ Analysts see FY2027 revenue reaching $2.6B — +3.3% growth in a single year.
What Moves the Stock
1Regulatory outcomes in Kansas, Oklahoma, and Texas rate cases - approved ROEs, rate base recognition, and lag time between investment and recovery directly impact earnings trajectory
3Infrastructure investment pace and capital deployment efficiency - ability to deploy $600-750M annually into rate base accretive projects (pipeline modernization, system integrity, customer growth capex)
4Interest rate environment and utility sector relative valuation - regulated utilities trade on dividend yield spreads to 10-year Treasuries, with multiple compression when rates rise rapidly
5Natural gas price volatility and bad debt expense - while commodity costs pass through, extreme price spikes can increase customer arrears and regulatory scrutiny
6Residential natural gas distribution (~60-65% of margin revenue) - temperature-sensitive, highest margin per customer
7Commercial natural gas distribution (~25-30% of margin revenue) - small businesses, restaurants, offices
8Industrial and transportation natural gas distribution (~5-10% of margin revenue) - lower margin, more price-sensitive
Rising interest rates have dual impact: (1) Higher financing costs on $2.7B debt balance increase interest expense…
Watch on earnings: Natural gas futures prices (Henry Hub) and basis differentials in regional markets - while passed through, extreme volatility impacts customer bills and regulatory sentiment, Heating degree days (HDD) in Kansas City, Oklahoma City, and Texas markets relative to 30-year normals during October-March heating season, 10-year Treasury yield and utility sector dividend yield spreads - primary valuation driver for regulated utility equities.
One Sentence Summary:
ONE Gas: the story is balanced — regulatory outcomes in kansas, oklahoma, and texas rate cases - approved roes, rate base recognition.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.