Mission Statement, Vision, & Core Values of ONE Gas, Inc. (OGS)

You're looking beyond the quarterly earnings report and into the bedrock of a utility's long-term stability, right? That focus on the Mission Statement, Vision, and Core Values of ONE Gas, Inc. (OGS) is defintely a smart move, because those principles are what underpin their financial commitments, like the projected $750 million in 2025 capital investments for system integrity and growth. What does a mission to 'deliver natural gas for a better tomorrow' really mean when the company serves over 2.3 million customers and is guiding toward a 2025 net income of up to $266 million? We need to see how their Core Values-Safety, Ethics, and Value-map directly to their strategic execution and a formidable $5.8 billion average rate base. Let's dig into the ethos that drives the numbers.

ONE Gas, Inc. (OGS) Overview

You're looking for a clear picture of ONE Gas, Inc. (OGS), and the takeaway is simple: this is a stable, regulated utility with strong near-term growth driven by rate adjustments and customer expansion. It's a classic defensive play with consistent, predictable returns.

ONE Gas is a fully regulated natural gas utility (a company whose prices and services are overseen by government bodies) that was established in 2014 as a spin-off from ONEOK, Inc., though its roots trace back to the Oklahoma Natural Gas Company, founded in 1906. This is a long history of service, defintely not a fly-by-night operation. The company focuses exclusively on natural gas distribution, delivering the product to residential, commercial, industrial, transportation, and wholesale customers across three key states: Oklahoma, Kansas, and Texas.

The company operates through three main divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. They serve over 2.3 million customers, making them a major player in the US utility landscape. As of the trailing twelve months (TTM) ending Q3 2025, the company's total revenue stood at approximately $2.37 billion, reflecting the scale of their essential service business.

Recent Financial Performance: Q3 2025 Highlights

The latest results, released in early November 2025, show a clear trajectory of managed growth. For the third quarter of 2025, ONE Gas reported net income of $26.5 million, or $0.44 per diluted share. This is a solid step up from the same period last year, and it demonstrates the power of their regulated model.

Here's the quick math on year-to-date performance: Net income for the nine months ended September 30, 2025, hit $177.9 million, which translates to $2.94 per diluted share. This improvement is not accidental; it's a direct result of regulatory progress and customer growth. Specifically, the Q3 operating income saw a boost of $19.2 million from new rates and an additional $1.4 million from residential sales driven by net customer additions in Oklahoma and Texas.

The company has narrowed its full-year 2025 net income guidance to a tight range of $262 million to $266 million. They are also projecting significant capital expenditures (CapEx) of approximately $750 million for 2025, primarily focused on system integrity and replacement projects. That kind of investment shows a commitment to long-term reliability, which is critical for a utility.

A Leader in the Natural Gas Distribution Industry

ONE Gas is not just another utility; it is one of the largest natural gas utilities in the United States and a clear market leader in its core territories. They hold the top spot for natural gas distribution in both Oklahoma and Kansas by customer count, and are the third-largest in the rapidly growing Texas market.

Their inclusion in the S&P MidCap 400 Index underscores their market significance and stability. This is a company that provides an essential, non-cyclical service, which is why it's a foundational holding for many institutional portfolios. The regulated business model (where rates are set to allow for a reasonable return on investment) provides a buffer against the volatility that plagues other energy sectors. If you want to dive deeper into the nuts and bolts of how this structure works and generates revenue, you can find a full breakdown here: ONE Gas, Inc. (OGS): History, Ownership, Mission, How It Works & Makes Money. They are successful because they focus on three things:

• Delivering safe, reliable natural gas service.
• Securing favorable rate adjustments from regulators.
• Investing heavily in infrastructure ($750 million in 2025 CapEx).

This focus on execution and regulatory success is why ONE Gas is a leader, and why its financial outlook remains so solid.

ONE Gas, Inc. (OGS) Mission Statement

You're looking at ONE Gas, Inc. (OGS) because you need stability and regulated growth in your portfolio, but the real question is how their core purpose translates into tangible financial results. The company's mission statement, To deliver natural gas for a better tomorrow, is simple, but it's the bedrock guiding their $5.8 billion average rate base and their strategic capital deployment. This isn't just marketing; it's a commitment that shapes every dollar of their $750 million in expected 2025 capital investments, ensuring long-term value creation for their approximately 2.3 million customers across Kansas, Oklahoma, and Texas. It's a utility, so the mission has to be about reliable, safe service, but also about future-proofing the business.

A mission statement for a regulated utility like ONE Gas isn't a fluffy aspiration; it's the blueprint for their long-term goals and the justification for their capital expenditure (CapEx) plans. For 2025, the company narrowed its diluted earnings per share (EPS) guidance to a range of $4.34 to $4.40, a clear sign that disciplined execution of this mission is translating directly into shareholder returns. Honestly, you can't have that kind of financial precision without a clear, actionable mission.

Core Component 1: Enhancing System Safety and Reliability

The first core component of delivering a better tomorrow is non-negotiable safety and reliability. For a natural gas utility, this means constantly upgrading the infrastructure-the pipes and systems-to minimize risk and service interruptions. Here's the quick math: ONE Gas is dedicating the majority of its 2025 capital investments, approximately $750 million, to system integrity and replacement projects.

This massive investment is not just about maintenance; it's a strategic move to secure future operational efficiency. The company has a strong track record, having received the American Gas Association safety award for the eighth consecutive year. Plus, their vintage pipeline replacement program is a direct line to environmental responsibility, having already reduced Scope 1 emissions by 51% toward their 2035 goal of a 55% reduction. That's defintely a concrete example of mission-driven CapEx.

• Allocate $750 million to system integrity.
• Reduce Scope 1 emissions by 51% (so far).
• Maintain top-tier safety record, year after year.

Core Component 2: Supporting Customer Growth and Community Value

The second component is about growth and community, because a utility only succeeds if its service territories are growing. ONE Gas is actively supporting new development, which you see reflected in their CapEx allocated specifically for customer growth. For 2025, they expect to spend approximately $180 million on extensions to new customers, primarily in high-growth areas like Texas and Oklahoma.

This investment is paying off with tangible customer additions, seeing roughly 24,000 new meter sets on a trailing twelve-month basis as of April 2025. That's steady, regulated growth. Also, their commitment extends beyond the meter: the company's culture is strong, ranking in the top quartile of Gallup's Overall Company Database for employee engagement. This focus on people-both employees and the communities they serve-is crucial for a regulated entity, as it helps secure favorable regulatory outcomes and maintains a high level of service. You can read more about what drives this stability in Exploring ONE Gas, Inc. (OGS) Investor Profile: Who's Buying and Why?

Core Component 3: Advancing a Sustainable Energy Future

The final pillar of their mission, 'a better tomorrow,' directly addresses the push for a sustainable energy future, which is a major near-term risk and opportunity for all energy companies. For ONE Gas, this means being a responsible steward of natural gas as a reliable and affordable transition fuel. Their focus is on operational efficiency and emissions reduction, not just new customer hookups.

What this estimate hides is the ongoing political and regulatory pressure on all fossil fuels, but ONE Gas is tackling it head-on with their pipeline replacement program. The 51% reduction in Scope 1 emissions through this program is a significant, measurable step toward their 2035 goal. This proactive environmental, social, and governance (ESG) strategy is a key differentiator, helping to manage regulatory risk and appeal to a broader base of investors. It's simple: they are investing now to ensure their product remains viable for the long haul.

ONE Gas, Inc. (OGS) Vision Statement

You're looking at ONE Gas, Inc. (OGS) and trying to map their long-term intent to their near-term financials. This is smart. A utility's mission and values aren't just corporate boilerplate; they are the regulatory and operational blueprint that drives capital expenditure (CapEx) and, ultimately, your return. The company's vision is essentially encapsulated in its mission: to be the premier natural gas utility in the US, but the real meat is in how their core values shape their $750 million capital plan for 2025.

The core takeaway is that ONE Gas is operating on a highly focused, regulated model that prioritizes system integrity and customer growth, which is defintely a low-risk, steady-return strategy. Their commitment to safety and value creation is directly tied to their reaffirmed 2025 earnings guidance of $4.34 to $4.40 per diluted share.

Mission: Deliver Natural Gas for a Better Tomorrow

The ONE Gas mission is straightforward: We deliver natural gas for a better tomorrow. For a regulated utility, this mission translates into a clear, actionable mandate: maintain system safety, ensure supply reliability, and expand service to growing markets. This isn't about chasing disruptive technology; it's about disciplined execution of a long-term infrastructure plan that creates value for all stakeholders. To understand the full scope of this, you should look at ONE Gas, Inc. (OGS): History, Ownership, Mission, How It Works & Makes Money.

The financial commitment to this mission is clear in the 2025 capital plan. Out of the approximately $750 million in planned capital investments, a significant portion is targeted at system integrity and replacement projects, which directly supports the safety and reliability aspect of the mission. Plus, they are dedicating roughly $180 million to extensions for new customers, largely in high-growth areas like Texas and Oklahoma.

Core Value: Safety and Environmental Responsibility

Safety is the number one Core Value for ONE Gas, and it's backed by serious capital and a demonstrable track record. They are committed to operating safely and in an environmentally responsible manner. This isn't just a talking point; it's a financial and operational priority that reduces long-term risk and regulatory exposure.

Here's the quick math on their environmental commitment: ONE Gas is on track to meet its 2035 goal of a 55% reduction in Scope 1 emissions from distribution pipelines. They have already achieved a 51% reduction from the 2005 baseline, primarily through their vintage pipeline replacement program, which is a major component of the 2025 CapEx plan. The American Gas Association has recognized their safety performance for the eighth consecutive year, which speaks to a deeply embedded culture, not just a one-off program.

Core Value: Value Creation for All Stakeholders

The Core Value of Value means creating returns for customers, employees, investors, and communities. For investors, this means a reliable, growing dividend and predictable earnings. For 2025, the company's average rate base is anticipated to be $5.8 billion. This is the asset base upon which they are authorized to earn a return, making it a critical number for valuation.

The focus on value is also evident in their dividend policy. The board declared a quarterly dividend of $0.67 per share in the third quarter of 2025, which annualizes to $2.68. They target a dividend payout ratio (the percentage of net income paid out as dividends) between 55% to 65%. This is a strong signal of financial discipline and a commitment to shareholder returns, even as they invest heavily in system upgrades.

Core Value: Service and Ethics

The remaining core values-Service, Ethics, and Inclusion & Diversity-are the cultural guardrails that support the financial model. Service means providing exceptional customer service and supporting each other. Ethics is about accountability to the highest standards, honesty, and integrity. This directly impacts regulatory relationships, which are paramount in a regulated utility business.

The company serves approximately 2.3 million customers across Kansas, Oklahoma, and Texas. Managing this massive customer base requires a high-performing workforce, which is why the company has seen employee engagement increase for the eighth consecutive year, placing them in the top quartile of Gallup's Overall Company Database. This focus on internal culture and ethics is a non-financial metric that directly mitigates operational and compliance risk, keeping the regulatory environment constructive.

• Ethics prevents costly compliance issues.
• Service supports rate case approvals.
• Inclusion & Diversity drives talent retention.

ONE Gas, Inc. (OGS) Core Values

You're looking for a clear map of what drives a utility like ONE Gas, Inc. (OGS), beyond just the quarterly reports. The company's core values-Safety, Ethics, Inclusion & Diversity, Service, and Value-aren't just corporate boilerplate; they are the operational framework that underpins their financial stability and their commitment to over 2.3 million customers across Kansas, Oklahoma, and Texas.

This focus on foundational principles is what allows them to confidently project a 2025 earnings per diluted share (EPS) guidance range of $4.340 to $4.400, reflecting a regulated business model that prioritizes long-term system integrity and customer growth.

Safety

Safety is the non-negotiable, primary Core Value at ONE Gas, and it's the bedrock of their entire operation. For a natural gas utility, this means more than just hard hats; it means massive capital investment in the physical system to ensure pipeline integrity and environmental responsibility. If the gas isn't flowing safely, nothing else matters.

The company's commitment is quantifiable and has been recognized for eight consecutive years by the American Gas Association for excellence in employee safety, placing them among the safest natural gas distribution companies nationwide. This isn't luck; it's a strategic spending decision. For the 2025 fiscal year, ONE Gas expects to direct approximately $750 million in capital investments, primarily targeted at system integrity and replacement projects. That's a serious investment in risk mitigation, pure and simple. Plus, their vintage pipeline replacement program has already reduced Scope 1 emissions by 51%, keeping them on track for their 2035 goal of a 55% reduction.

• Invest in pipeline integrity first.

Ethics

Ethics, defined as accountability to the highest standards, compliance, honesty, trust, and integrity, is crucial in a heavily regulated industry like utilities. When you operate a monopoly in a given service area, public trust is your most valuable, and defintely most fragile, asset. The company's Code of Business Conduct and Ethics, along with its Whistleblower Policy, provides the formal structure, but the real measure is in the consistent, transparent execution of their mission to deliver natural gas for a better tomorrow.

This value is directly tied to their financial stability. The anticipated average rate base for 2025 is $5.8 billion, and maintaining that rate base requires continuous regulatory approval, which is impossible without a track record of ethical compliance and transparent governance. The recent announcement of Deborah A.P. Hersman, a former Chair of the National Transportation Safety Board, becoming the new board chair in May 2026, further emphasizes a strategic focus on deep expertise in governance and public policy oversight. That's a clear signal to investors and regulators that governance is a top-tier priority.

Inclusion & Diversity

A high-performing workforce is a core pillar of the ONE Gas strategy, and it's rooted in the Inclusion & Diversity value, which embraces a culture that encourages collaboration. You can't deliver reliable service with a disengaged team. The company has focused on creating a dynamic workforce, and the results are clear.

Employee engagement scores have increased for eight consecutive years, earning the company a rank in the top quartile of Gallup's Overall Company Database. This isn't just a feel-good metric; it translates directly to operational efficiency and lower turnover, which ultimately cuts costs. For a utility with approximately 3,900 coworkers, high engagement means fewer errors in the field and better customer interactions. This is how you build a resilient organization.

• Engaged employees reduce operational risk.

Service

The Service value means providing exceptional service to customers while also supporting fellow employees. As a 100% regulated natural gas utility, ONE Gas serves a vast customer base, and the quality of that service directly impacts their ability to secure favorable rate cases and grow their customer count. You can't separate customer service from the bottom line in this business.

The company's capital plan for 2025 directly supports this value, with approximately $180 million specifically allocated for extensions to new customers, largely driven by growth opportunities in Texas and Oklahoma. This investment in growth is a direct response to customer demand and a commitment to expanding reliable service. The company is actively managing its business to ensure high-quality service, which is vital since more than 92% of its customers are in the residential category, demanding stability and strong visibility of future earnings.

Value

The Value core value is about creating value for all stakeholders: customers, employees, investors, and communities. This is the ultimate synthesis of all the other values, and it's where the financial and social impact intersect. For a deeper dive into the company's history and how this value creation operates, check out ONE Gas, Inc. (OGS): History, Ownership, Mission, How It Works & Makes Money.

The company demonstrates this commitment through tangible community support. In 2024, the ONE Gas Foundation and community giving totaled $3.3 million in grants, sponsorships, and donations, focusing on areas like education, workforce development, and disaster recovery. Additionally, employees, retirees, and their families dedicated over 10,000 volunteer hours to community initiatives. This community work reduces social risk and builds the local goodwill necessary to operate a critical infrastructure business. It's a smart investment that supports their current market capitalization of approximately $4.9 billion.