OGS

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ONE Gas, Inc.

Recurring revenue Regulated industry Physical productsTags from an AI model reading the company description.

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Key Metrics

Previous Close: $72.57
52-Week Range: $70.37 – $90.78
Market Cap: $4.58B
P/E (TTM): 15.67
EPS (TTM): 4.65
Dividend Yield: 3.75%

Advanced Metrics

Price/Book: 1.29
PEG Ratio: —
Return on Equity: 8.58%
Return on Assets: 3.46%
Gross Margin: 38.09%
Operating Margin: 19.85%
Profit Margin: 12.47%
Current Ratio: 0.48
Debt/Equity: 0.96
Total Debt: $3.39B
Free Cash Flow: $-219.93M
Revenue Growth: -2.90%
Earnings Growth: 39.60%
Enterprise Value: $7.94B

OGS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.58B	$2.37B	$2.08B	$2.43B
Cost of Revenue	$1.93B	$1.64B	$1.31B	$1.56B
Gross Profit	$646.65M	$729.08M	$774.97M	$870.02M
Operating Expenses	$296.70M	$351.49M	$376.07M	$412.55M
Operating Income	$349.96M	$377.59M	$398.90M	$457.47M
EBITDA	$574.25M	$666.90M	$703.17M	$781.52M
Pretax Income	$268.27M	$271.73M	$259.24M	$321.46M
Income Tax	$46.53M	$40.49M	$36.39M	$57.23M
Net Income	$221.74M	$231.23M	$222.85M	$264.22M
Diluted EPS	4.08	4.14	3.91	4.37
Diluted Shares	54.34M	55.86M	57.03M	60.51M

OGS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$9.68M	$18.84M	$57.99M	$10.62M
Receivables	$553.83M	$351.81M	$462.07M	$517.18M
Inventory	$340.08M	$264.75M	$252.85M	$274.05M
Current Assets	$1.22B	$765.20M	$929.88M	$915.88M
Total Assets	$7.78B	$7.77B	$8.43B	$8.85B
Current Liabilities	$1.19B	$1.48B	$1.46B	$1.53B
Long-Term Debt	$2.66B	$2.16B	$2.39B	$2.36B
Total Debt	$3.23B	$3.05B	$3.33B	$3.37B
Total Liabilities	$5.19B	$5.01B	$5.32B	$5.41B
Retained Earnings	$651.86M	$737.74M	$809.61M	$909.36M
Shareholders' Equity	$2.58B	$2.77B	$3.10B	$3.44B
Working Capital	$28.19M	-$712.02M	-$528.39M	-$615.97M
Net Debt	$3.22B	$3.03B	$3.27B	$3.36B

OGS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.57B	$939.53M	$368.41M	$578.83M
Capital Expenditure	-$609.49M	-$666.63M	-$703.16M	-$707.23M
Free Cash Flow	$961.36M	$272.90M	-$334.75M	-$128.39M
Depreciation & Amortisation	$228.48M	$279.83M	$296.70M	$317.26M
Stock-Based Compensation	$10.74M	$12.18M	$13.73M	$14.79M
Investing Cash Flow	-$614.11M	-$669.64M	-$707.50M	-$715.32M
Financing Cash Flow	-$947.46M	-$248.63M	$378.23M	$91.68M
Dividends Paid	-$133.95M	-$144.09M	-$149.46M	-$160.71M
Net Change in Cash	$9.28M	$21.26M	$39.15M	-$44.81M

OGS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$935.19M	$423.74M	$379.13M	$689.37M	$831.71M	$411.64M
Cost of Revenue	$647.76M	$248.93M	$213.81M	$446.91M	$540.52M	$229.91M
Gross Profit	$287.43M	$174.81M	$165.31M	$242.46M	$291.19M	$181.72M
Operating Expenses	$106.93M	$102.96M	$99.93M	$102.73M	$101.60M	$99.05M
Operating Income	$180.50M	$71.86M	$65.38M	$139.73M	$189.59M	$82.67M
EBITDA	$262.72M	$153.74M	$144.68M	$220.38M	$264.28M	$164.13M
Pretax Income	$145.32M	$39.15M	$32.37M	$104.62M	$155.14M	$56.79M
Income Tax	$25.90M	$7.12M	$5.91M	$18.31M	$26.46M	$9.98M
Net Income	$119.42M	$32.03M	$26.47M	$86.31M	$128.67M	$46.81M
Diluted EPS	1.98	0.53	0.44	1.42	2.04	0.74
Diluted Shares	60.27M	60.45M	60.55M	60.78M	63.20M	63.15M

OGS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$19.30M	$20.55M	$9.05M	$10.62M	$11.35M	$7.86M
Receivables	$500.43M	$316.70M	$263.80M	$517.18M	$460.71M	$250.86M
Inventory	$156.67M	$230.00M	$295.50M	$274.05M	$216.91M	$254.89M
Current Assets	$756.24M	$681.28M	$679.21M	$915.88M	$796.64M	$661.84M
Total Assets	$8.33B	$8.36B	$8.50B	$8.85B	$8.83B	$8.81B
Current Liabilities	$1.28B	$1.30B	$1.45B	$1.53B	$1.40B	$1.38B
Long-Term Debt	$2.37B	$2.37B	$2.36B	$2.36B	$2.34B	$2.34B
Total Debt	$3.21B	$3.27B	$3.40B	$3.37B	$3.38B	$3.39B
Total Liabilities	$5.14B	$5.17B	$5.32B	$5.41B	$5.30B	$5.27B
Retained Earnings	$888.45M	$879.87M	$863.78M	$909.36M	$994.84M	$998.45M
Shareholders' Equity	$3.19B	$3.18B	$3.18B	$3.44B	$3.53B	$3.54B
Working Capital	-$521.16M	-$620.68M	-$774.73M	-$615.97M	-$605.64M	-$714.62M
Net Debt	$3.19B	$3.25B	$3.39B	$3.36B	$3.37B	$3.39B

OGS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$277.46M	$171.35M	$87.01M	$43.02M	$176.31M	$211.02M
Capital Expenditure	-$169.02M	-$182.12M	-$196.35M	-$159.74M	-$159.23M	-$177.50M
Free Cash Flow	$108.44M	-$10.77M	-$109.34M	-$116.72M	$17.08M	$33.52M
Depreciation & Amortisation	$81.70M	$79.31M	$76.93M	$79.31M	$76.78M	$76.24M
Stock-Based Compensation	$3.66M	$3.87M	$3.78M	$3.49M	$3.84M	$4.34M
Investing Cash Flow	-$167.84M	-$180.67M	-$195.35M	-$171.47M	-$154.10M	-$175.64M
Financing Cash Flow	-$159.96M	$23.85M	$86.40M	$141.39M	-$32.95M	-$27.80M
Dividends Paid	-$40.15M	-$40.15M	-$40.20M	-$40.20M	-$42.68M	-$42.68M
Net Change in Cash	-$50.35M	$14.53M	-$21.94M	$12.94M	-$10.73M	$7.58M

Market Snapshot

About

ONE Gas, Inc. is a regulated natural gas distribution utility serving customers across Oklahoma, Kansas, and Texas. The company delivers natural gas to residential, commercial, and industrial customers through its extensive pipeline network and local distribution infrastructure.