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ONE Gas (OGS) Reports Q1 Earnings: What Key Metrics Have to Say

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ONE Gas (OGS - Free Report) reported $831.71 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 11.1%. EPS of $2.11 for the same period compares to $1.98 a year ago.

The reported revenue represents a surprise of -13.18% over the Zacks Consensus Estimate of $958.01 million. With the consensus EPS estimate being $2.13, the EPS surprise was -0.79%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how ONE Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Volumes - Natural gas sales - Transportation: 59,100.00 Mcf compared to the 64,969.62 Mcf average estimate based on two analysts.
  • Volumes - Natural gas sales - Total volumes delivered: 119,000.00 Mcf versus 140,670.20 Mcf estimated by two analysts on average.
  • Volumes - Natural gas sales - Total sales volumes delivered: 59,900.00 Mcf compared to the 75,700.59 Mcf average estimate based on two analysts.

View all Key Company Metrics for ONE Gas here>>>

Shares of ONE Gas have remained unchanged over the past month versus the Zacks S&P 500 composite's +10% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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