Exhibit 99.1 November 3, 2025 Analyst Contact: Erin Dailey 918-947-7441 Media Contact: Leah Harper 918-947-7123 ONE Gas Announces Third Quarter 2025 Financial Results; Narrows 2025 Financial Guidance Declares Fourth Quarter Dividend Analyst call and webcast scheduled tomorrow, November 4 at 11 a.m. EST TULSA, Okla. - Nov 3, 2025 - ONE Gas, Inc. (NYSE: OGS) today announced its third quarter financial results, narrowed its 2025 financial guidance and declared its quarterly dividend. "Our third-quarter perform ...

THIRD QUARTER 2025 FINANCIAL RESULTS & HIGHLIGHTS THIRD QUARTER 2025 FINANCIAL PERFORMANCE ONE Gas reported operating income of $65.4 million in the third quarter, compared with $59.5 million in the third quarter 2024, which primarily reflects: The increases were partially offset by: Accessibility StatementSkip Navigation Declares Fourth Quarter Dividend Analyst call and webcast scheduled tomorrow, November 4 at 11 a.m. EST TULSA, Okla., Nov. 3, 2025 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced ...

Wall Street expects a year-over-year increase in earnings on higher revenues when ONE Gas (OGS) reports results for the quarter ended September 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 3. On ...

Group 1 - As of October 9, 2025, two utility stocks are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating overbought conditions [2] - ONE Gas Inc (NYSE:OGS) has an RSI value of 70.9, with a recent stock price of $81.00 and a 52-week high of $82.25 [6] - NextEra Energy Inc (NYSE:NEE) has a higher RSI value of 82.3, with a recent stock price of $84.04 and a 52-week high of $86.00 [6] Group 2 - Mizuho analyst upgraded ONE Gas from Neutral to Outperform, raising the price target from $77 to $86, with an 8% stock gain over the past month [6] - Evercore ISI Group initiated coverage on NextEra Energy with an Outperform rating and a price target of $92, with a notable 20% stock gain over the past month [6] - ONE Gas has a momentum score of 50.77 and a value score of 72.13, while NextEra Energy's stock performance reflects strong momentum [6]

Core Viewpoint - Investor sentiment is currently affected by fears of a government shutdown, a slowing labor market, and high stock valuations, leading to a potential interest in dividend stocks for stable returns [1] Group 1: Brookfield Infrastructure Partners (BIP) - Brookfield Infrastructure Partners is a global infrastructure company with diversified assets in utilities, transport, midstream, and data sectors [3] - BIP paid a dividend of 43 cents per unit on September 29, marking a 6% year-over-year increase, with an annualized dividend of $1.72 per unit, resulting in a dividend yield of 5.2% [3] - BMO Capital analyst Devin Dodge reiterated a buy rating on BIP with a price target of $42, citing strong organic growth trends expected to become more evident in upcoming quarters [4] - Dodge noted an increase in high-growth platforms within BIP's portfolio and highlighted significant investment opportunities, particularly in digital infrastructure, with hyperscalers' capital spending projected to rise by 50% this year [5] - BIP's funds from operations per unit (FFO/unit) growth is nearing an inflection point, with a compound annual growth rate of about 10% over the past five years, despite challenges [6] - Dodge believes that as FFO/unit growth increases, it will positively impact distribution growth and valuation [7] Group 2: Ares Capital (ARCC) - Ares Capital is a specialty finance company providing direct loans and investments to private middle-market companies, offering a quarterly dividend of 48 cents per share, equating to an annualized dividend of $1.92 per share and a yield of 9.4% [8] - RBC Capital analyst Kenneth Lee reiterated a buy rating on Ares Capital with a price target of $24, favoring it along with other stocks in the current market scenario [9] - Lee emphasized Ares Capital's competitive advantage through its access to the Ares global credit platform and its potential for above-peer-average return on equity [10] - The experienced senior management team and core earnings per share generation back Ares Capital's dividends, contributing to its strength [11] Group 3: ONE Gas (OGS) - ONE Gas is a regulated natural gas utility serving over 2.3 million customers in Kansas, Oklahoma, and Texas, with a quarterly dividend of 67 cents per share, leading to an annualized dividend of $2.68 per share and a yield of 3.3% [12] - Mizuho analyst Gabe Moreen upgraded OGS to buy from hold, raising the price forecast to $86, citing benefits from Texas legislation and lower interest rates [13] - Moreen anticipates that the Texas HB 4384 legislation could generate an incremental EPS benefit of about 18 cents in fiscal 2026, which will grow with OGS's capital spending [14] - Elevated short-term interest rates previously forced OGS to revise its guidance, but expected Federal Reserve interest rate cuts could ease interest expenses [15] - Moreen highlighted growth opportunities for OGS due to rising natural gas demand from data centers and advanced manufacturers, making it an attractive investment at current valuations [16]

Core Points - ONE Gas, Inc. will release its third quarter 2025 financial results on November 3, 2025, after market close [1] - The conference call to discuss these results will take place on November 4, 2025, at 11 a.m. Eastern Standard Time [2] - ONE Gas is a regulated natural gas utility and is included in the S&P MidCap 400 Index, serving over 2.3 million customers across Kansas, Oklahoma, and Texas [3][4] Company Overview - ONE Gas operates divisions including Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service, making it one of the largest natural gas utilities in the U.S. [3][4] - The company is headquartered in Tulsa, Oklahoma, and provides reliable and affordable energy choices [4]

Core Viewpoint - ONE Gas (OGS) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that may lead to increased stock prices [1][3]. Earnings Estimates and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [4]. - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, influencing their buying and selling decisions, which in turn affects stock prices [4]. ONE Gas Earnings Outlook - For the fiscal year ending December 2025, ONE Gas is expected to earn $4.34 per share, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for ONE Gas has increased by 1.4%, indicating a positive trend in earnings estimates [8]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of ONE Gas to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Industry Overview - Natural gas distribution companies transport natural gas from production regions to consumers across the U.S., with a significant underground pipeline network of 2.6 million miles [2] - The shale revolution has increased natural gas production, leading to higher demand due to its clean-burning nature [2] - The U.S. has 3,353 trillion cubic feet of natural gas, and the industry faces challenges such as aging infrastructure and rising investment costs due to interest rate hikes [2] Future Outlook - The U.S. Energy Information Administration (EIA) projects that domestic dry natural gas production will increase in 2025, particularly in the Permian Basin [3] - EIA expects U.S. liquefied natural gas (LNG) export volumes to rise by 25% year-over-year in 2025 and by 6.7% in 2026, highlighting the importance of gas pipelines for transportation to export terminals [3] Interest Rate Impact - The Federal Reserve's recent interest rate cut of 100 basis points to a range of 4.25-4.5% is expected to benefit capital-intensive utilities, allowing for easier access to financing for infrastructure upgrades [4] - Further rate cuts are anticipated in 2026, which would positively impact utility operators planning large investments [4] Competitive Landscape - Natural gas faces increasing competition from renewable energy sources, which are becoming cheaper and more reliable due to advancements in technology and battery storage [5] - The rise of on-site generation reduces reliance on long-distance infrastructure, posing economic risks for new pipeline investments [5] Industry Performance - The Zacks Utility Gas Distribution industry currently ranks 190, placing it in the bottom 22% of the 245 Zacks industries, indicating weak near-term prospects [6] - Earnings estimates for the industry have decreased by 20.9% since September 31, 2024, reflecting a negative outlook [7] Stock Market Performance - Over the past year, the Gas Distribution industry has gained 6.5%, outperforming the Utility sector's growth of 5.4% but lagging behind the Zacks S&P 500 composite's 19.9% increase [9] Valuation Metrics - The industry is trading at a trailing 12-month EV/EBITDA ratio of 11.28X, compared to 18.35X for the Zacks S&P Composite 500 and 15.06X for the sector [12] - Historical trading ranges for the industry have been between 9.55X and 12.4X, with a median of 10.9X over the past five years [12] Company Highlights - **Sempra Energy (SRE)**: Plans to invest $56 billion from 2025-2029, with a current dividend yield of 3.09% and long-term earnings growth projected at 7.01% [18][19] - **Atmos Energy (ATO)**: Invested $2.94 billion in fiscal 2024 and plans to invest $3.7 billion in fiscal 2025, with a current dividend yield of 2.1% and long-term growth of 7.32% [22][23] - **New Jersey Resources (NJR)**: Aims to invest $650-$770 million in fiscal 2025 and $655-$835 million in fiscal 2026, with a current dividend yield of 3.82% [26][27] - **ONE Gas Inc. (OGS)**: Plans to invest $4 billion through 2029, with a current dividend yield of 3.53% and long-term growth projected at 5.56% [30][31]

Core Viewpoint - ONE Gas, Inc. (OGS) is positioned as a strong investment option in the utility sector due to its expanding customer base and strategic investments aimed at improving infrastructure and service efficiency [1] Growth Forecasts for OGS - The Zacks Consensus Estimate for 2025 earnings per share (EPS) has increased by nearly 1.4% to $4.34 [2] - The Zacks Consensus Estimate for 2025 sales is projected at $2.44 billion, reflecting a year-over-year increase of 17% [2] - OGS' long-term earnings growth rate is estimated at 5.56% over the next three to five years [2] Debt Position of OGS - OGS has a total debt to capital ratio of 40.44%, which is better than the industry average of 51.09% [3] - The time-to-interest earned ratio at the end of Q2 2025 was 3, indicating the company's strong ability to meet future interest obligations [3] OGS Benefits From Systematic Investments - The company plans a capital investment of $750 million in 2025, focusing on pipeline integrity, service extension, system capacity increase, and cybersecurity [4] - OGS anticipates EPS growth of 4-6% annually through 2029 [4] OGS' Expanding Customer Base - Since 2015, OGS has consistently increased its customer base, with an expected average annual growth of 0.9% through 2028 [5] - As of Q2 2025, OGS served 2,302,000 customers, marking a 0.8% year-over-year increase [5] - The 2025 capital investments include approximately $180 million dedicated to customer growth [5] OGS' Dividend History - OGS is expected to provide an average annual dividend increase of 1-2% through 2029, contingent on board approval [6] - The current quarterly dividend is 67 cents per share, leading to an annualized dividend of $2.68, with a current dividend yield of 3.53% [6] OGS' Stock Price Performance - In the past month, OGS stock has risen by 2.7%, compared to the industry's growth of 2.5% [9]

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing their offerings in this area [1] - The publication of thousands of quarterly earnings calls per quarter suggests a significant volume of content being generated and shared with readers [1] - The ongoing growth and expansion of coverage highlight the company's strategic direction towards increasing its market presence and service offerings in transcript-related services [1]