ONE Gas, Inc. filed an 8-K on November 2, 2026, reporting its third-quarter 2026 financial results, raising its full-year 2026 adjusted earnings guidance, and declaring its fourth-quarter dividend.

Key Highlights

  • Guidance raised: 2026 adjusted earnings per diluted share guidance increased to $4.95-$5.01, up from the prior range of $4.89-$4.95, with an adjusted net income range of $313 million to $317 million.
  • Q3 2026 adjusted net income: $33.5 million, or $0.53 per diluted share, compared with $28.6 million, or $0.47 per diluted share, in Q3 2025.
  • Q3 2026 GAAP net income: $31.2 million, or $0.49 per diluted share, compared with $26.5 million, or $0.44 per diluted share, in Q3 2025.
  • Dividend declared: Quarterly dividend of $0.68 per share ($2.72 annualized), payable December 3, 2026, to shareholders of record on November 16, 2026.
  • Senior notes issued: In August 2026, the company issued $375 million of 5.45 percent 10-year senior notes due September 2036.
  • Capital expenditures: $229.0 million for Q3 2026, compared with $207.6 million in Q3 2025, primarily for system integrity and service extensions.

ONE Gas Q3 2026 Results: Revenue Growth, Regulatory Approvals, and Raised Guidance

According to the filing, ONE Gas, Inc. (NYSE:OGS) reported third-quarter 2026 operating income of $77.4 million, compared with $65.4 million in the same period in 2025. The company attributed the increase primarily to a $13.5 million rise in revenue from new rates and a $3.3 million increase in residential sales driven by net customer growth in Oklahoma and Texas. Partially offsetting these gains were a $1.0 million increase in employee-related costs and a $2.8 million increase in depreciation and amortization expense.

For the nine months ended September 30, 2026, the filing reported operating income of $349.6 million versus $317.7 million in 2025. Year-to-date 2026 adjusted net income was $218.9 million, or $3.47 per diluted share, compared with $181.3 million, or $3.00 per diluted share, in 2025. Weather was reported as 23 percent warmer than normal and 25 percent warmer than the prior year for the nine-month period, with the operating income impact described as mitigated by weather normalization mechanisms. Year-to-date capital expenditures and asset removal costs were $586.9 million, compared with $575.4 million in the same period last year.

On the regulatory front, the filing disclosed that the Kansas Corporation Commission approved a $14.3 million Gas System Reliability Surcharge increase effective October 2026, the Texas Railroad Commission approved a $36.9 million revenue increase for Texas Gas Service effective July 2026, and the Oklahoma Corporation Commission approved Oklahoma Natural Gas's Performance-Based Rate Change application on October 14, 2026, though that order has since been appealed to the Oklahoma Supreme Court, according to the filing. Full-year 2026 capital investments are still expected to be approximately $800 million, with approximately $230 million targeted for extensions to new customers.

What Was Disclosed

ONE Gas disclosed Q3 2026 and year-to-date financial results, raised its full-year 2026 adjusted earnings guidance for the second time this year, declared a quarterly dividend of $0.68 per share, and provided updates on regulatory proceedings in Kansas, Texas, and Oklahoma.