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OGS

ONE Gas, Inc.

Sector: utilitiesRegulated GasNYSEMarket Cap: $5.13B

ONE Gas is a regulated natural gas utility serving ~2.1M customers across Oklahoma, Kansas, and Texas with minimal federal political exposure but significant state-level regulatory dependence.

Govt Dependence
95/100
Regulatory Density
92/100
Lobbying Intensity
15/100
Political Signal
LOW

BusinessWhat OGS does

ONE Gas operates as a vertically integrated natural gas utility providing distribution and transmission services to residential, commercial, and industrial customers in Oklahoma, Kansas, and Texas. Revenue is primarily derived from regulated rate-base tariffs set by state public utility commissions, with minimal commodity price exposure due to regulatory pass-through mechanisms.

Lifetime Government AwardsOGS federal contracts by year

$211K
total awarded · 2025–2025
2
contracts on file
2025
peak year ($211K)
$211K $106K 2025: $211K across 2 contracts (peak year) $211K 2025 2 contracts
Top contracts by award amount
$163K Department of Justice 2025-10-01 NATURAL GAS SUPPLY FOR FY 26
$48K Department of Justice 2025-04-01 NATURAL GAS SUPPLY FY 25 LINE PERIOD OF PERFORMANCE: APRIL 1, 2025- SE
1 years · 2 contracts

Congressional TradesWho in Congress is trading OGS

2023-07-12 Daniel S. Goldman D-New York · house sale $1,001 - $15,000
2023-07-12 Daniel S. Goldman D-New York · house Sale $1,001 - $15,000
2023-04-10 Daniel S. Goldman D-New York · house Purchase $1,001 - $15,000
2023-04-10 Daniel S. Goldman D-New York · house purchase $1,001 - $15,000
2016-02-01 (unknown) Sale $15,001 - $50,000
2016-02-01 (unknown) sale $15,001 - $50,000
2015-05-05 (unknown) purchase $1,001 - $15,000
2015-05-05 (unknown) Purchase $1,001 - $15,000
2014-07-23 Susan M. Collins R-Maine · senate sale $1,001 - $15,000
2014-07-23 Susan M. Collins R-Maine · senate Sale (Full) $1,001 - $15,000
2014-02-05 (unknown) sale $1,001 - $15,000
2014-02-05 (unknown) Sale $1,001 - $15,000
12+ trades on file · most recent 2023-08-13

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Bills to WatchLegislation flagged by our analysis

Infrastructure Investment and Jobs Act (IIJA) grid modernization fundingInflation Reduction Act methane emissions rulesstate-level natural gas rate case legislation

Political ProfileWhere OGS sits in Washington

ONE Gas stock is primarily driven by state-level PUC rate decisions and operational metrics rather than federal legislative events. Federal policy (EPA methane rules, IIJA funding) has indirect long-term impact but does not typically trigger material near-term stock moves.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • EPA methane emissions standards
  • state PUC rate compression
  • renewable energy mandates reducing gas demand
  • climate-driven stranded asset risk

Regulatory opportunities

  • IIJA infrastructure grants for pipeline modernization
  • rate base expansion for grid hardening
  • state-level natural gas infrastructure investment incentives

LobbyingWho's hired to advocate for OGS

American Gas AssociationInterstate Natural Gas Association of Americastate utility commissions advocacy
Member intelligence layer

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Frequently AskedAbout OGS & political exposure

Does ONE Gas, Inc. (OGS) hold federal contracts?
Yes. ONE Gas, Inc. has 2 federal contract awards totaling $211,308, primarily from agencies including Department of Justice. See full contract list and amounts on this page.
Has Congress traded OGS stock?
12 congressional trades by 5 unique members of Congress, most recently on 2023-07-12. See the Congressional Trading panel for politician-by-politician breakdown.
What is OGS political risk profile?
Government dependence: 95/100. Lobbying intensity: 15/100. Political signal: low.
How does GovGreed track OGS political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. OGS data is updated daily from these official federal sources.