Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when OGS files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsONE Gas raises 2026 guidance, reports Q2 EPS of $0.82 (up 52% YoY), declares $0.68 dividend
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
-
high
Q2 2026 adjusted EPS of $0.82 vs $0.54 prior year, driven by $16.4M in new rate revenue partially offset by $7.4M higher employee costs
Exhibit 99.1 view on EDGAR → -
high
Raised 2026 adjusted EPS guidance to upper half of $4.83–$4.95 range (net income $306–$314M), citing strong first-half results and Texas HB 4384 benefits
Exhibit 99.1 view on EDGAR → -
medium
Board declared quarterly dividend of $0.68/share ($2.72 annualized), payable Aug 31 to shareholders of record Aug 17; up from $0.67 prior year
Item 8.01 verify on EDGAR → -
medium
Oklahoma Natural Gas $28.7M rate case: ALJ recommended approval as filed, but exceptions and Oklahoma Supreme Court appeal filed; interim rates effective Jun 26
Exhibit 99.1 view on EDGAR → -
medium
Kansas Gas Service filed for $14.3M rate increase under Gas System Reliability Surcharge, targeting Oct 2026 effective date
Exhibit 99.1 view on EDGAR →
Summary
ONE Gas reported strong second-quarter results and raised its full-year outlook. Adjusted earnings of $0.82 per share beat the prior-year quarter by 52%, driven primarily by $16.4 million in revenue from new rates (partially offset by $7.4 million in higher employee-related costs).
Management responded by lifting 2026 adjusted EPS guidance to the upper half of its $4.83–$4.95 range, citing the first-half performance and anticipated benefits from Texas House Bill 4384. The board declared a $0.68 quarterly dividend (up a penny from last year's $0.67), payable August 31 to shareholders of record August 17.
On the regulatory front, Oklahoma Natural Gas's $28.7 million rate case received an administrative law judge's recommendation for approval as filed, but exceptions and an appeal to the Oklahoma Supreme Court have been lodged; interim rates subject to refund took effect June 26. In Kansas, the company filed for a $14.3 million rate increase under its Gas System Reliability Surcharge, targeting an October 2026 effective date. The raised guidance and solid earnings growth reflect successful rate recovery and operational execution, while the Oklahoma appeal introduces modest near-term uncertainty around the timing of final rate approval.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
ONE Gas announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 4, 2026, we announced our results of operations for the quarter ended June 30, 2026.
ONE Gas disclosed its second quarter 2026 operating results. The 8-K itself provides no financial figures; detailed results are in the attached press release (Exhibit 99.1), which is not included in this filing body.
Event · Item 7.01 — Regulation FD Disclosure
ONE Gas reported Q2 2026 results, raised 2026 guidance, and declared a $0.68/share dividend.
Added in current filing · verify on EDGAR →
On August 4, 2026, we announced our results of operations for the quarter ended June 30, 2026
The company disclosed its financial results for the second quarter of 2026. The 8-K does not provide specific figures for revenue, earnings, or other metrics in the body text; those details would be in the attached press release exhibit.
Added in current filing · verify on EDGAR →
raised 2026 financial guidance
The company increased its full-year 2026 financial guidance. The specific new guidance figures are not stated in the 8-K body; they would be detailed in the press release exhibit.
Added in current filing · verify on EDGAR →
declared a cash dividend of 68 cents per share of common stock
The Board declared a quarterly cash dividend of $0.68 per share. The 8-K does not state the payment date or record date for this dividend.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 4, 2026, our board of directors declared a cash dividend of 68 cents per share of common stock, payable August 31, 2026, to shareholders of record at the close of business on August 17, 2026.
The board declared a quarterly cash dividend of 68 cents per share. Shareholders who own stock as of the close of business on August 17, 2026 will receive payment on August 31, 2026. This represents the company's regular quarterly distribution to shareholders.
Event · Exhibit 99.1
ONE Gas reported Q2 2026 adjusted EPS of $0.82 (vs $0.54 prior year), raised 2026 guidance to upper half of ranges, and declared $0.68 quarterly dividend.
Added in current filing · view on EDGAR →
Second quarter 2026 adjusted net income was $52.1 million, or $0.82 per diluted share, compared with $32.7 million, or $0.54 per diluted share, in the same period last year
ONE Gas reported second quarter 2026 adjusted net income of $52.1 million ($0.82 per diluted share), up from $32.7 million ($0.54 per diluted share) in Q2 2025. The increase was driven primarily by $16.4 million in revenue from new rates, partially offset by $7.4 million in higher employee-related costs.
Added in current filing · view on EDGAR →
In February 2026, Oklahoma Natural Gas filed its annual Performance-Based Rate Change (PBRC) application for the test year ended December 2025. The filing includes a requested $28.7 million base rate revenue increase, $2.6 million energy efficiency incentive and $14.4 million of estimated EDIT to be credited to customers in 2027. At the hearing on June 11, 2026, the administrative law judge recommended approval of the application as filed. Subsequent to the hearing, exceptions to the administrative law judge’s oral ruling were filed at the Oklahoma Corporation Commission as well as an appeal to the Oklahoma Supreme Court. Interim rates subject to refund were implemented on June 26, 2026, in compliance with the PBRC tariff.
Oklahoma Natural Gas filed for a $28.7 million base rate increase plus $2.6 million energy efficiency incentive. An administrative law judge recommended approval as filed, but exceptions and an appeal to the Oklahoma Supreme Court were subsequently filed. Interim rates subject to refund took effect June 26, 2026.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify