ONE Gas plans to invest $800 million in 2026 and approximately $4.3 billion over the next five years, targeting annual rate base growth of 7 to 9 percent. The company served 2,315,000 customers in the first quarter of 2026, a 0.43 percent year-over-year increase, and expects continued customer growth supported by nearly $230 million in 2026 investments for customer growth initiatives. ONE Gas benefits from its fully regulated structure, favorable rate adjustments, and rising residential natural gas consumption, which drive higher sales volumes and revenues. The capital program covers infrastructure expansion, pipeline integrity, system capacity, automated metering, and cybersecurity. Shares of ONE Gas have risen 1.5 percent over the past six months, compared with 2.2 percent for the industry, and the stock carries a Zacks Rank of 3, or Hold.
One Gas IncPlans $800M 2026 investment and targets 7-9% rate base growth, with regulated structure and favorable rate adjustments.
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