Credit Agreement Fuels Growth Prospects for ONE Gas Utility Operations

ONE Gas, Inc. (NYSE:OGS) is one of the 11 Best Dividend Stocks with a Consistent 3-Year Payout History.

Following moderately positive results in the second quarter, the company entered into a $250 million credit agreement.

Oklahoma-based company, ONE Gas, Inc. (NYSE:OGS) is a fully regulated natural gas utility. The company offers distribution services to over 2 million customers across Oklahoma, Kansas, and Texas. Comprised of three divisions, including Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service, the company covers the residential, commercial, and industrial markets within its regional footprint.

On August 6, 2025, the company released its Q2 2025 earnings results, where it highlighted a revenue of $423.7 million that surpassed the consensus estimate by almost 5%. The number of customers served by the company reached 2,302,000, a 0.8% year-over-year increase. The EPS of $0.53 for the second quarter also met the analysts’ expectations.

Recently, on August 11, 2025, ONE Gas, Inc. (NYSE:OGS) announced entering into a credit agreement with Bank of America, N.A., and other lenders for a $250 million unsecured term loan facility. Maturing in 2026, the loan is expected to fund the company’s operations, including mergers and acquisitions.

Backed by 23 hedge funds reflecting moderate institutional interest in the stock, the company offers a steady income potential, with a dividend yield of 3.53%.

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