ONE Gas
Market Cap
US$5.0b
Last Updated
2019/10/21 00:34 UTC
Data Sources
Company Financials +
Executive Summary
ONE Gas, Inc. operates as a regulated natural gas distribution utility company in the United States.
Snowflake
Fundamentals
Second-rate dividend payer with questionable track record.
Similar Companies
Share Price & News
How has ONE Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.8%
OGS
-0.7%
US Gas Utilities
0.5%
US Market
1 Year Return
15.0%
OGS
0.3%
US Gas Utilities
6.8%
US Market
Return vs Industry: OGS exceeded the US Gas Utilities industry which returned 0.3% over the past year.
Return vs Market: OGS exceeded the US Market which returned 6.8% over the past year.
Shareholder returns
| OGS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | -0.7% | 0.5% |
| 30 Day | 1.0% | -1.9% | -0.8% |
| 90 Day | 5.0% | -1.0% | -0.9% |
| 1 Year | 17.6%15.0% | 2.8%0.3% | 9.2%6.8% |
| 3 Year | 68.6%56.9% | 37.6%27.6% | 45.6%36.2% |
| 5 Year | 192.0%157.9% | 72.0%50.4% | 63.2%45.4% |
Price Volatility Vs. Market
How volatile is ONE Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should ONE Gas, Inc. (NYSE:OGS) Be Part Of Your Dividend Portfolio?4 weeks ago | Simply Wall St
Want To Invest In ONE Gas, Inc. (NYSE:OGS)? Here's How It Performed Lately1 month ago | Simply Wall St
How Good Is ONE Gas, Inc. (NYSE:OGS), When It Comes To ROE?Valuation
Is ONE Gas undervalued compared to its fair value and its price relative to the market?
28.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OGS ($95.07) is trading above our estimate of fair value ($46.77)
Significantly Below Fair Value: OGS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OGS is poor value based on its PE Ratio (28x) compared to the Gas Utilities industry average (25.8x).
PE vs Market: OGS is poor value based on its PE Ratio (28x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: OGS is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: OGS is overvalued based on its PB Ratio (2.4x) compared to the US Gas Utilities industry average (2.3x).
Next Steps
Future Growth
How is ONE Gas forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
6.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OGS's forecast earnings growth (6.5% per year) is above the savings rate (2.7%).
Earnings vs Market: OGS's earnings (6.5% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: OGS's earnings are forecast to grow, but not significantly.
Revenue vs Market: OGS's revenue (4.5% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: OGS's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OGS's Return on Equity is forecast to be low in 3 years time (8.9%).
Next Steps
Past Performance
How has ONE Gas performed over the past 5 years?
12.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: OGS's earnings have grown by 12.5% per year over the past 5 years.
Accelerating Growth: OGS's earnings growth over the past year (1.1%) is below its 5-year average (12.5% per year).
Earnings vs Industry: OGS earnings growth over the past year (1.1%) exceeded the Gas Utilities industry -8.9%.
Return on Equity
High ROE: OGS's Return on Equity (8.5%) is considered low.
Return on Assets
ROA vs Industry: OGS's Return on Assets is below or equal to the Gas Utilities industry average last year.
Return on Capital Employed
ROCE Improving: OGS has not improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is ONE Gas's financial position?
Financial Position Analysis
Short Term Liabilities: OGS's short term assets ($376.8M) do not cover its short term liabilities ($578.4M)
Long Term Liabilities: OGS's short term assets (376.8M) do not cover its long term liabilities (2.8B)
Debt to Equity History and Analysis
Debt Level: OGS's debt to equity ratio (74.9%) is considered high
Reducing Debt: OGS's debt to equity ratio has increased from 67.5% to 74.9% over the past 5 years.
Debt Coverage: OGS's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: OGS's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Inventory Level: OGS has a high level of physical assets or inventory.
Debt Coverage by Assets: OGS's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is ONE Gas's current dividend yield, its reliability and sustainability?
2.10%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: OGS's dividend (2.1%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: OGS's dividend (2.1%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stable Dividend: Whilst dividend payments have been stable, OGS has been paying a dividend for less than 10 years.
Growing Dividend: OGS's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.6%), OGS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OGS's dividends in 3 years are forecast to be covered by earnings (60.9% payout ratio).
Next Steps
Management
What is the CEO of ONE Gas's salary, the management and board of directors tenure and is there insider trading?
3.9yrs
Average management tenure
CEO
Pierce Norton (59yo)
5.8yrs
Tenure
US$4,222,330
Compensation
Mr. Pierce H. Norton, II has been the Chief Executive Officer and President of ONE Gas, Inc. since January 31, 2014. Mr. Norton served as the Chief Operating Officer and Executive Vice President of TransCa ...
CEO Compensation Analysis
Compensation vs. Market: Pierce's total compensation ($USD4.22M) is about average for companies of similar size in the US market ($USD6.81M).
Compensation vs Earnings: Pierce's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.9yrs
Average Tenure
54.5yo
Average Age
Experienced Management: OGS's management team is considered experienced (3.9 years average tenure).
Board Age and Tenure
5.8yrs
Average Tenure
63yo
Average Age
Experienced Board: OGS's board of directors are considered experienced (5.8 years average tenure).
Insider Trading
Insider Buying: OGS insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 250 |
| Max Price | US$95.25 |
| Entity | Individual |
| Role | Chief Accounting Officer VP, Chief Accounting Officer & Controller |
| Shares | 300 |
| Max Price | US$89.64 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 500 |
| Max Price | US$89.04 |
Ownership Breakdown
Management Team
Pierce Norton (59yo)
President
- Tenure: 5.8yrs
- Compensation: US$4.22m
Brian Shore
Corporate Secretary
- Tenure: 0yrs
Curtis Dinan (51yo)
Senior Vice President of Commercial
- Tenure: 0.7yrs
- Compensation: US$1.30m
Caron Lawhorn (57yo)
Senior VP & CFO
- Tenure: 0.6yrs
- Compensation: US$1.14m
Joe McCormick (59yo)
Senior VP
- Tenure: 5.8yrs
- Compensation: US$1.07m
Sid McAnnally (55yo)
Senior Vice President of Operations
- Tenure: 4.6yrs
- Compensation: US$1.17m
Mark Bender (54yo)
Senior VP of Administration & Chief Information Officer
- Tenure: 3.9yrs
Brandon Lohse
Director of Investor Relations
- Tenure: 0yrs
Julie White (48yo)
Vice President of Communications
- Tenure: 0yrs
Jeffrey Husen (47yo)
VP, Chief Accounting Officer & Controller
- Tenure: 1.3yrs
Board Members
Pattye Moore (61yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$215.00k
Eduardo Rodriguez (63yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$225.00k
Doug Yaeger (70yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$195.00k
John Gibson (67yo)
Non-Executive Chairman of the Board
- Tenure: 5.8yrs
- Compensation: US$303.82k
Pierce Norton (59yo)
President
- Tenure: 5.8yrs
- Compensation: US$4.22m
Bobby Evans (71yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$195.00k
Tracy Hart (57yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$162.77k
Arcilia Acosta (53yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$162.77k
Mike Hutchinson (63yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$210.00k
Company Information
ONE Gas, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: ONE Gas, Inc.
- Ticker: OGS
- Exchange: NYSE
- Founded: 1906
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$5.013b
- Shares outstanding: 52.73m
- Website: https://www.onegas.com
Number of Employees
Location
- ONE Gas, Inc.
- 15 East Fifth Street
- Tulsa
- Oklahoma
- 74103
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OGS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 2014 |
| OG9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2014 |
Biography
ONE Gas, Inc. operates as a regulated natural gas distribution utility company in the United States. The company operates in three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 00:34 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.