NYSE : OGS
ONE Gas, Inc. — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 78.1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.91B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
ONE Gas, Inc. (OGS) reported revenue of 2.31B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.31B | 2.43B | 2.08B | 2.37B | 2.58B | 1.81B |
| Operations & Maintenance | 578.79M | 558.50M | 530.26M | 508.40M | 472.26M | 449.68M |
| Depreciation & Amortization | 309.26M | 317.26M | 296.70M | 279.83M | 228.48M | 207.23M |
| Other Operating Expenses | 948.00M | 1.09B | 854.10M | 1.20B | 1.52B | 845.36M |
| Total Operating Expenses | 1.84B | 1.97B | 1.68B | 1.99B | 2.22B | 1.50B |
| Operating Income | 475.80M | 458.70M | 402.50M | 381.61M | 353.72M | 306.33M |
| Interest Expense | -135.29M | -142.81M | -147.24M | -115.34M | -77.51M | -60.30M |
| Net Interest Expense | -135.29M | -142.81M | -147.24M | -115.34M | -77.51M | -60.30M |
| Other Non-Operating Income (Expenses) | 7.95M | 5.17M | 3.97M | 5.46M | -7.95M | 723.00K |
| EBT Excluding Unusual Items | 348.46M | 321.07M | 259.24M | 271.73M | 268.27M | 246.75M |
| Gain (Loss) on Sale of Investments | 457.00K | 391.00K | ||||
| Pretax Income | 348.92M | 321.46M | 259.24M | 271.73M | 268.27M | 246.75M |
| Income Tax Expense | 60.66M | 57.23M | 36.39M | 40.49M | 46.53M | 40.32M |
| Net Income | 288.25M | 264.22M | 222.85M | 231.23M | 221.74M | 206.43M |
| Net Income to Common | 288.25M | 264.22M | 222.85M | 231.23M | 221.74M | 206.43M |
| Shares Outstanding (Basic) | 61.58M | 60.16M | 56.83M | 55.60M | 54.21M | 53.58M |
| Shares Outstanding (Diluted) | 61.92M | 60.51M | 57.03M | 55.86M | 54.34M | 53.67M |
| EPS (Basic) | 4.68 | 4.39 | 3.92 | 4.16 | 4.09 | 3.85 |
| EPS (Diluted) | 4.66 | 4.37 | 3.91 | 4.14 | 4.08 | 3.85 |
| Free Cash Flow | -172.84M | -128.39M | -334.75M | 272.90M | 961.36M | -2.03B |
| Free Cash Flow Per Share | -2.79 | -2.12 | -5.87 | 4.88 | 17.69 | -37.84 |
| Dividend Per Share | 2.70 | 2.68 | 2.64 | 2.60 | 2.48 | 2.32 |
| Profit Margin | 12.47% | 10.88% | 10.70% | 9.75% | 8.60% | 11.41% |
| Free Cash Flow Margin | -7.48% | -5.29% | -16.07% | 11.51% | 37.29% | -112.29% |
| EBITDA | 785.06M | 775.96M | 699.20M | 661.44M | 582.20M | 513.56M |
| EBITDA Margin | 33.96% | 31.97% | 33.56% | 27.88% | 22.58% | 28.39% |
| D&A For EBITDA | 309.26M | 317.26M | 296.70M | 279.83M | 228.48M | 207.23M |
| EBIT | 475.80M | 458.70M | 402.50M | 381.61M | 353.72M | 306.33M |
| EBIT Margin | 20.58% | 18.90% | 19.32% | 16.09% | 13.72% | 16.94% |
| Effective Tax Rate | 17.39% | 17.80% | 14.04% | 14.90% | 17.34% | 16.34% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.86M | 10.62M | 57.99M | 18.84M | 9.68M | 8.85M |
| Short-Term Investments | 2.88M | 2.63M | ||||
| Accounts Receivable | 250.86M | 461.63M | 408.45M | 347.86M | 553.83M | 341.76M |
| Other Receivables | 55.55M | 53.62M | 3.95M | |||
| Inventory | 254.89M | 274.05M | 252.85M | 264.75M | 340.08M | 234.54M |
| Restricted Cash | 22.71M | 23.11M | 20.54M | 20.55M | 8.45M | |
| Other Current Assets | 88.82M | 88.30M | 136.43M | 109.26M | 305.57M | 1.64B |
| Total Current Assets | 661.84M | 915.88M | 929.88M | 765.20M | 1.22B | 2.22B |
| Property, Plant & Equipment | 7.32B | 7.14B | 6.66B | 6.16B | 5.65B | 5.22B |
| Regulatory Assets | 250.70M | 256.23M | 278.01M | 287.91M | 330.83M | 724.86M |
| Goodwill | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M |
| Other Intangible Assets | 218.99M | 233.79M | 265.95M | 293.62M | 323.84M | |
| Other Long-Term Assets | 202.53M | 153.74M | 130.41M | 110.10M | 94.03M | 73.01M |
| Total Assets | 8.81B | 8.85B | 8.43B | 7.77B | 7.78B | 8.40B |
| Accounts Payable | 110.95M | 222.10M | 261.32M | 278.06M | 360.49M | 258.55M |
| Accrued Expenses | 57.40M | 75.57M | 75.61M | 68.79M | 78.35M | 67.03M |
| Short-Term Debt | 770.80M | 737.40M | 914.60M | 88.50M | 552.00M | 494.00M |
| Current Portion of Long-Term Debt | 281.32M | 280.24M | 28.97M | 800.41M | 20.73M | |
| Current Portion of Leases | 4.90M | 5.20M | ||||
| Other Current Liabilities | 155.99M | 211.65M | 172.58M | 241.46M | 177.85M | 160.90M |
| Total Current Liabilities | 1.38B | 1.53B | 1.46B | 1.48B | 1.19B | 980.49M |
| Long-Term Debt | 2.34B | 2.36B | 2.39B | 2.16B | 2.66B | 3.68B |
| Long-Term Leases | 7.60M | 11.40M | ||||
| Pension & Post-Retirement Benefits | 19.59M | 35.23M | ||||
| Long-Term Deferred Tax Liabilities | 1.01B | 963.87M | 891.74M | 752.07M | 698.46M | 695.28M |
| Other Long-Term Liabilities | 544.12M | 553.59M | 574.32M | 615.43M | 622.76M | 658.21M |
| Total Liabilities | 5.27B | 5.41B | 5.32B | 5.01B | 5.19B | 6.05B |
| Common Stock | 629.00K | 627.00K | 599.00K | 565.00K | 553.00K | 536.00K |
| Additional Paid-In Capital | 2.54B | 2.53B | 2.29B | 2.03B | 1.93B | 1.79B |
| Retained Earnings | 998.45M | 909.36M | 809.61M | 737.74M | 651.86M | 565.16M |
| Comprehensive Income & Other | -265.00K | 4.00K | -126.00K | -1.18M | -704.00K | -6.53M |
| Shareholders' Equity | 3.54B | 3.44B | 3.10B | 2.77B | 2.58B | 2.35B |
| Total Liabilities & Equity | 8.81B | 8.85B | 8.43B | 7.77B | 7.78B | 8.40B |
| Total Debt | 3.39B | 3.39B | 3.35B | 3.05B | 3.23B | 4.18B |
| Net Cash (Debt) | -3.38B | -3.37B | -3.29B | -3.03B | -3.22B | -4.17B |
| Net Cash Per Share | -54.62 | -55.74 | -57.64 | -54.25 | -59.35 | -77.66 |
| Filing Date Shares Outstanding | 62.86M | 62.69M | 59.88M | 56.55M | 55.35M | 53.63M |
| Total Common Shares Outstanding | 62.80M | 62.69M | 59.88M | 56.55M | 55.35M | 53.63M |
| Working Capital | -714.62M | -615.97M | -528.39M | -712.02M | 28.19M | 1.24B |
| Book Value Per Share | 56.34 | 54.87 | 51.85 | 48.91 | 46.69 | 43.81 |
| Tangible Book Value | 3.16B | 3.05B | 2.68B | 2.31B | 2.10B | 2.19B |
| Tangible Book Value Per Share | 50.34 | 48.62 | 44.77 | 40.93 | 37.99 | 40.86 |
| Machinery | 1.07B | 942.68M | 907.95M | 782.87M | 712.66M | |
| Construction In Progress | 98.93M | 166.69M | 131.44M | 150.07M | 101.02M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 288.25M | 264.22M | 222.85M | 231.23M | 221.74M | 206.43M |
| Depreciation & Amortization | 309.26M | 317.26M | 296.70M | 279.83M | 228.48M | 207.23M |
| Stock-Based Compensation | 15.44M | 14.79M | 13.73M | 12.18M | 10.74M | 10.50M |
| Change in Accounts Receivable | 3.06M | -61.39M | -67.29M | 196.27M | -213.66M | -57.90M |
| Change in Inventory | -24.89M | -21.20M | 11.90M | 75.33M | -105.54M | -87.83M |
| Change in Accounts Payable | -22.78M | -35.40M | -15.01M | -90.05M | 85.92M | 107.21M |
| Change in Income Taxes | 53.62M | -1.93M | -49.68M | -3.95M | ||
| Change in Other Net Operating Assets | -172.06M | 44.76M | -158.02M | 6.84M | 28.61M | -1.97B |
| Other Operating Activities | 58.30M | 49.51M | 106.52M | 222.14M | 1.31B | 43.45M |
| Operating Cash Flow | 517.36M | 578.83M | 368.41M | 939.53M | 1.57B | -1.54B |
| Capital Expenditures | -690.20M | -707.23M | -703.16M | -666.63M | -609.49M | -495.25M |
| Other Investing Activities | -6.36M | -8.10M | -4.33M | -3.01M | -4.62M | -5.84M |
| Investing Cash Flow | -696.56M | -715.32M | -707.50M | -669.64M | -614.11M | -501.08M |
| Short-Term Debt Issued | 826.10M | 58.00M | 75.78M | |||
| Long-Term Debt Issued | 250.00M | 253.47M | 299.58M | 633.52M | 2.50B | |
| Total Debt Issued | 283.40M | 250.00M | 1.08B | 299.58M | 691.52M | 2.57B |
| Short-Term Debt Repaid | -177.20M | -463.50M | ||||
| Long-Term Debt Repaid | -29.51M | -800.95M | -20.72M | -1.63B | -400.00M | |
| Total Debt Repaid | -165.32M | -206.71M | -800.95M | -484.22M | -1.63B | -400.00M |
| Net Debt Issued (Repaid) | 118.08M | 43.29M | 278.62M | -184.63M | -935.48M | 2.17B |
| Issuance of Common Stock | 212.52M | 212.18M | 252.38M | 85.26M | 133.71M | 26.66M |
| Repurchase of Common Stock | -4.20M | -2.66M | -1.11M | -2.65M | -3.17M | -4.71M |
| Common Dividends Paid | -165.75M | -160.71M | -149.46M | -144.09M | -133.95M | -123.91M |
| Other Financing Activities | 6.41M | -432.00K | -2.19M | -2.51M | -8.57M | -35.11M |
| Financing Cash Flow | 167.05M | 91.68M | 378.23M | -248.63M | -947.46M | 2.04B |
| Net Cash Flow | -12.15M | -44.81M | 39.15M | 21.26M | 9.28M | 859.00K |
| Free Cash Flow | -172.84M | -128.39M | -334.75M | 272.90M | 961.36M | -2.03B |
| Free Cash Flow Margin | -7.48% | -5.29% | -16.07% | 11.51% | 37.29% | -112.29% |
| Free Cash Flow Per Share | -2.79 | -2.12 | -5.87 | 4.88 | 17.69 | -37.84 |
| Levered Free Cash Flow | -219.93M | -208.68M | -437.51M | 224.97M | 940.35M | -1.70B |
| Unlevered Free Cash Flow | -135.37M | -119.43M | -345.49M | 297.06M | 988.79M | -1.66B |
| Cash Interest Paid | 131.42M | 138.99M | 148.99M | 80.73M | 84.87M | 70.07M |
| Cash Income Tax Paid | 9.13M | -20.46M | 20.84M | 67.42M | -10.81M | |
| Change in Working Capital | -163.05M | -75.15M | -278.10M | 184.45M | -204.67M | -2.01B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.02B | 4.63B | 3.92B | 3.53B | 4.10B | 4.16B |
| Enterprise Value | 8.40B | 8.02B | 7.27B | 6.51B | 7.19B | 8.17B |
| PE Ratio | 17.12 | 17.54 | 17.61 | 15.28 | 18.49 | 20.14 |
| PS Ratio | 2.13 | 1.91 | 1.88 | 1.49 | 1.59 | 2.30 |
| PB Ratio | 1.39 | 1.35 | 1.26 | 1.28 | 1.59 | 1.77 |
| P/FCF Ratio | 12.95 | 4.26 | ||||
| P/OCF Ratio | 9.53 | 8.01 | 10.65 | 3.76 | 2.61 | |
| EV/Sales Ratio | 3.60 | 3.31 | 3.49 | 2.75 | 2.79 | 4.52 |
| EV/EBITDA Ratio | 10.59 | 10.34 | 10.40 | 9.85 | 12.35 | 15.91 |
| EV/EBIT Ratio | 17.47 | 17.49 | 18.06 | 17.07 | 20.33 | 26.67 |
| EV/FCF Ratio | 23.87 | 7.48 | ||||
| Debt / Equity Ratio | 0.96 | 0.98 | 1.08 | 1.10 | 1.25 | 1.78 |
| Debt / EBITDA Ratio | 4.28 | 4.32 | 4.73 | 4.61 | 5.56 | 8.13 |
| Debt / FCF Ratio | 11.17 | 3.36 | ||||
| Net Debt / Equity Ratio | 0.96 | 0.98 | 1.06 | 1.10 | 1.25 | 1.77 |
| Net Debt / EBITDA Ratio | 4.31 | 4.35 | 4.70 | 4.58 | 5.54 | 8.12 |
| Net Debt / FCF Ratio | -19.57 | -26.27 | -9.82 | 11.11 | 3.35 | -2.05 |
| Quick Ratio | 0.19 | 0.35 | 0.36 | 0.25 | 0.47 | 0.36 |
| Current Ratio | 0.48 | 0.60 | 0.64 | 0.52 | 1.02 | 2.27 |
| Asset Turnover | 0.27 | 0.28 | 0.26 | 0.30 | 0.32 | 0.25 |
| Return on Equity (ROE) | 8.58% | 8.07% | 7.59% | 8.64% | 8.99% | 9.01% |
| Return on Assets (ROA) | 3.46% | 3.32% | 3.11% | 3.07% | 2.73% | 2.65% |
| Return on Capital Employed (ROCE) | 6.40% | 6.30% | 5.80% | 6.10% | 5.40% | 4.10% |
| Earnings Yield | 5.84% | 5.70% | 5.68% | 6.54% | 5.41% | 4.96% |
| FCF Yield | -3.50% | -2.77% | -8.53% | 7.72% | 23.45% | -48.84% |
| Dividend Yield | 3.42% | 3.62% | 4.03% | 4.16% | 3.35% | 2.99% |
| Payout Ratio | 58.37% | 60.82% | 67.07% | 62.32% | 60.41% | 60.02% |
| Buyback Yield / Dilution | -5.30% | -6.10% | -2.10% | -2.80% | -1.24% | -0.57% |
| Total Shareholder Return | -1.83% | -2.48% | 1.93% | 1.36% | 2.11% | 2.42% |