OGS - ONE Gas' Promise Of Dividend Growth And Its Cheap Valuation

2024-04-06 00:42:12 ET

Summary

• ONE Gas promises dividend growth for the next four years and expects significant regional growth driven by population growth in the I-35 corridor.
• The company's balance sheet shows significant investments in capital expenditures and a manageable level of debt.
• ONE Gas prioritizes clean energy solutions and may benefit from the growing demand for natural gas and clean energy.

ONE Gas, Inc. ( OGS ) recently promised dividend growth for the next four years, and envisions significant regional growth driven by growing population in the I-35 corridor in the United States. Given recent efforts for clean energy solutions, and recently announced capital expenditures, I believe that the company will most likely be under the radar of many investors. There are some risks coming from the total amount of debt, competition, and changes in the interest rates. With that OGS does seem cheap at the current price mark.

One Gas

One Gas provides natural gas distribution services prioritizing safety and reliability. Its extensive network serves millions of customers in the states of Oklahoma, Kansas and Texas. ...

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