Analysts Cite Supportive Legislation and Raised Earnings Outlook in ONE Gas Valuation Update

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

03 Sep 24

Updated

06 Dec 25

Views

35

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

15.6%

7D

2.1%

Loading

1Y

15.6%

7D

2.1%

You can edit this narrative until Dec 7 10:05 PM. Then, changes will post as Updates.

Author's Valuation

US$86.078.6% undervalued

AnalystConsensusTarget Fair Value

Shared on 06 Dec 25

Fair value Increased 0.84%

OGS: Supportive Texas Legislation And Interest Rates Will Shape Future Performance

Analysts have nudged our price target for ONE Gas modestly higher from approximately $85.36 to $86.07, as improving earnings visibility, supportive Texas legislation, and interest rate tailwinds reinforce a slightly stronger long term growth and valuation outlook. Analyst Commentary Recent Street research reflects a meaningfully improved stance on ONE Gas, with several firms lifting ratings and price targets as they reassess the company’s growth, risk profile, and relative valuation within the regulated utilities space.

Shared on 22 Nov 25

Fair value Increased 3.46%

OGS: Future Texas Legislation And Regulatory Outcomes Will Influence Performance Outlook

ONE Gas saw its analyst price target raised from $82.50 to $85.36. Analysts cited an improved earnings outlook, positive effects from Texas legislation, and a more balanced valuation in their updated assessments.

Shared on 06 Nov 25

Fair value Increased 3.03%

OGS: Future Regulatory Developments And Texas Legislation Will Shape Sector Discount

ONE Gas's fair value was recently revised upward from $80.07 to $82.50 per share. Analysts cite improved legislative support, regulatory catalysts, and favorable sector dynamics as drivers for their increased price targets.

Shared on 23 Oct 25

Fair value Increased 4.44%

Analysts have raised the fair value estimate for ONE Gas from $76.67 to $80.07 per share. They cite regulatory catalysts, supportive legislation, and the company’s attractive relative valuation as key drivers for the updated price target.

Shared on 08 May 25

Fair value Decreased 6.34%

Shared on 30 Apr 25

Fair value Increased 0.33%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Increased 0.90%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.89%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 1.20%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 8.87%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 0.31%

AnalystConsensusTarget has decreased revenue growth from 8.4% to 7.4%.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 11 Mar 25

Fair value Decreased 5.05%

AnalystConsensusTarget has increased future PE multiple from 18.9x to 21.2x.

AnalystConsensusTarget Fair Value

US$86.07

8.6% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

2.97%

Gas Utilities revenue growth rate

0.10%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

6.96%

Calculation

US$337.53m

Earnings '28

x

18.72x

PE Ratio '28

=

US$6.32b

Market Cap '28

US$6.32b

Market Cap '28

/

60.36m

No. shares '28

=

US$104.67

Share Price '28

US$104.67 Share Price '28

Discounted to 2025 @ 6.96% p.a.

=

US$85.55

Fair Value '25