greeksoup/ stock research
Stock research / United States / OGS · Natural Gas Distribution · NYSE

One Gas, Inc. (OGS)

Compare with another name

One Gas, Inc. (OGS) reported revenue of $412 million for Q2 FY2026, the quarter ended 30 June 2026, down 2.9% on the same quarter a year earlier. Net income was $47 million, up 46.1% on the year, and diluted earnings per share $0.74. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$412 milliondown 2.9%
Net income$47 millionup 46.1%
Diluted EPS$0.74
QuarterQ2 FY2026ended 30 June 2026

One Gas (OGS) in brief

One Gas (OGS) reported revenue of $2.4 billion for fiscal 2025, the year ended 31 December 2025, up 16.5% on the year before.
Read moreNet income was $264 million and diluted earnings per share $4.37. Revenue was $2.1 billion in fiscal 2024, $2.4 billion in fiscal 2023, $2.6 billion in fiscal 2022 and $1.8 billion in fiscal 2021. Net income in the same years was $223 million, $231 million, $222 million and $206 million. Over the twelve months to 30 June 2026, One Gas reported revenue of $2.3 billion and net income of $288 million. Revenue grew 9.7% a year, compounded, over the five years to fiscal 2025. One Gas declared $2.68 a share in dividends over the last four quarters and had 63 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of One Gas was $4.5 billion, 15.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.1%
ROCE7.7%
Operating margin20.6%
Net margin12.5%
FCF margin-7.5%
Interest cover3.53
Debt to equity0.74
Cash conversion1.79
Share count, 1 year4.7%
Sales CAGR, 3 years-2.0%
Profit CAGR, 3 years6.0%
EPS, TTM$4.64

At the close of 8 October 2026

Price$72.36
Market cap$4.5 billion
Stock P/E15.59
Price to book1.28
EV / EBITDAn/a
Dividend yield3.7%
Market cap / sales1.97
52-week high$90.64
52-week low$71.66
Price, 1 year-10.7%
Price CAGR, 3 years1.9%
Price CAGR, 5 years1.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as One Gas, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
OGSgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on OGS

Filings40 in twelve months: 29 current reports (8-K), about 19 regulation fd disclosure; 7 other events; 4 material agreement; 4 results of operations; 3 new financial obligation
Planned insider sales2 Form 144 notices in twelve months, $324,430; latest 24 February 2026
Options tapeput/call 0.22 by open interest at the 8 October 2026 close; the straddle prices a 4.5% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 8 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.8 million shares short, 7.35 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024 †Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue336606758354340631935424379689832412
Cost of revenue70.926838372.059.626451211876.629239490.3
Gross profit265338375282281367423306303397438321
Gross margin79%56%49%80%82%58%45%72%80%58%53%78%
Operating income57.210714669.359.412418071.965.414019082.7
Operating margin17%18%19%20%17%20%19%17%17%20%23%20%
Interest expense28.029.831.437.039.139.835.735.335.436.532.431.1
Pre-tax income29.382.011833.323.384.714539.132.410515556.8
Tax rate14%14%16%18%17%9%18%18%18%18%17%18%
Net income25.270.799.327.219.377.011932.026.586.312946.8
Net margin8%12%13%8%6%12%13%8%7%13%15%11%
Diluted EPS$0.45$1.27$1.75$0.48$0.34$1.34$1.98$0.53$0.44$1.42$2.04$0.74
Operating cash flow93.897.010814354.962.627717187.043.0176211
Capital expenditure168176167176181180167180192168157174
Free cash flow-74.3-79.3-58.5-33.0-126-117111-9.1-105-12519.837.5
Dividends paid36.036.037.337.337.437.440.240.240.240.242.742.7
Shares outstanding55m57m57m57m56m60m60m60m60m63m63m63m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,4271,5401,6341,6531,5301,8092,5782,3722,0842,4272,312
Cost of revenuen/an/an/an/a5377751,4591,135778999852
Gross profit885925n/an/a9931,0341,1191,2371,3051,4291,459
Gross margin62.0%60.1%n/an/a64.9%57.1%43.4%52.2%62.6%58.8%63.1%
Operating income289317288295304310350378399457477
Operating margin20.2%20.6%17.7%17.9%19.8%17.2%13.6%15.9%19.2%18.8%20.6%
Interest expense43.746.151.362.762.560.377.5115147143135
Pre-tax income225256226230238247268272259321349
Income tax85.293.153.542.941.640.346.540.536.457.260.7
Effective tax rate37.8%36.4%23.7%18.7%17.5%16.3%17.3%14.9%14.0%17.8%17.4%
Net income140163172187196206222231223264288
Net margin9.8%10.6%10.5%11.3%12.8%11.4%8.6%9.7%10.7%10.9%12.5%
Diluted EPS$2.65$3.08$3.25$3.51$3.68$3.85$4.08$4.14$3.91$4.37$4.64
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow291254468310364-1,5361,571940368579517
Capital expenditure309356394417471495609667703707690
Free cash flow-18.5-10373.2-107-107-2,031961273-335-128-173
Free cash flow margin-1.3%-6.7%4.5%-6.5%-7.0%-112.3%37.3%11.5%-16.1%-5.3%-7.5%
Cash from investing-309-356-394-423-470-501-614-670-707-715-697
Cash from financing30.2102-66.310996.02,038-947-24937891.7167
Share-based compensation11.28.98.29.39.810.510.712.213.714.815.4
Buybacks24.117.50.00.0n/an/an/an/an/an/an/a
Dividends paid73.288.096.6105114124134144149161166
Dividend per share$1.40$1.68$1.84$2.00$2.16$2.32$2.48$2.60$2.64$2.68n/a
Diluted shares, weighted53m53m53m53m53m54m54m56m57m61m63m
Shares outstanding at period end52m52m53m53m53m54m55m57m60m63m63m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,8881,9602,0432,1292,2332,3502,5842,7663,1053,4403,538
Short-term borrowings0.00.00.00.00.00.00.00.00.0n/an/a
Debt1,2001,2001,3001,3001,6003,7002,7002,9612,4142,6362,622
Operating lease liabilitiesn/an/an/a28.030.8n/a17.414.311.47.6n/a
Other liabilities1,8552,0472,1262,2512,1652,3532,4752,0302,8952,7692,652
Total liabilities and equity4,9435,2075,4695,7086,0298,4027,7767,7718,4268,8538,812
Owned
Fixed assetsn/an/an/an/an/an/an/an/a6,6467,122n/a
Goodwill158158158158158158158158158158158
Intangible assetsn/an/an/an/an/a0.0324n/an/an/an/a
Investmentsn/an/an/an/an/an/an/an/a45.40.0n/a
Cash and equivalents14.714.421.317.98.08.99.718.858.010.67.9
Receivables291299295250293342554348408462251
Other assets4,4794,7364,9945,2825,5707,8946,7317,2461,1101,1018,396
Total assets4,9435,2075,4695,7086,0298,4027,7767,7718,4268,8538,812
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a9.7%-2.0%-0.8%
Profit growth, compoundedn/a6.1%6.0%16.4%
Return on equity, average8.2%8.1%7.7%7.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Atmos Energy Corp. ATO$27.1 billion19.179.2%37.0%6.5%0.642.2%
National Fuel GAS Co. NFG$7.4 billion10.8617.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.209.0%22.8%-0.4%0.972.6%
Txnm Energy Inc. TXNM$6.5 billion31.975.5%22.2%10.0%1.462.8%
Southwest Gas Holdings, Inc. SWX$6.0 billionn/an/an/an/a0.833.0%
Black Hills Corp. BKH$5.8 billion19.327.6%23.9%2.5%1.013.5%
Ormat Technologies, Inc. ORA$5.5 billion43.664.9%16.6%31.1%0.600.5%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
NEW Jersey Resources Corp. NJR$5.2 billion14.0913.9%24.8%6.4%1.213.6%
Spire Inc. SR$4.6 billion8.6915.3%19.7%4.1%1.614.0%
NorthWestern Energy Group, Inc. NWE$4.6 billion26.945.9%18.8%10.7%1.193.5%
One Gas, Inc. OGS$4.5 billion15.598.1%20.6%-0.8%0.743.7%
All 53 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$161.4 billion17.3916.3%29.8%10.8%1.732.9%
Constellation Energy Corp. CEG$101.2 billion27.7810.8%14.7%26.0%0.600.1%
Southern Co. SO$97.1 billion20.7611.0%24.2%6.4%1.623.4%
Duke Energy Corp. DUK$91.1 billion17.579.6%27.8%6.3%1.503.6%
Williams Companies, Inc. WMB$88.5 billion28.8223.3%38.2%8.7%2.132.8%
National Grid plc NGG *$80.2 billion17.878.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$71.8 billion20.6711.0%29.0%12.5%0.943.6%
American Electric Power Co. Inc. AEP$66.6 billion21.209.8%23.0%10.3%1.583.1%
TC Energy Corporation TRP *$62.4 billion26.1412.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.9 billion27.5862.0%22.9%-2.0%5.351.3%
ONEOK Inc. OKE$56.9 billion15.5715.9%15.5%40.8%1.374.7%
Dominion Energy, Inc. D$54.3 billion21.528.8%21.1%19.0%1.624.3%
Vistra Corp. VST$52.5 billion26.3340.5%18.5%3.8%3.570.6%
Sempra SRE$52.4 billion23.217.0%n/a1.6%0.953.2%
Entergy Corp. ETR$46.9 billion26.289.9%22.9%9.5%1.812.4%
Xcel Energy Inc. XEL$45.8 billion20.109.3%19.1%4.7%1.543.1%
Exelon Corp. EXC$43.1 billion15.259.4%20.8%6.6%1.693.8%
Consolidated Edison Inc. ED$39.1 billion17.438.6%18.0%9.5%1.083.1%
Public Service Enterprise Group Inc. PEG$35.8 billion17.8711.6%23.1%12.7%1.363.5%
WEC Energy Group, Inc. WEC$33.8 billion20.0811.6%22.8%8.9%1.323.4%
Ameren Corp. AEE$28.2 billion17.9311.4%24.9%3.8%1.392.8%
Pg&E Corp. PCG$27.9 billion9.189.0%20.0%5.7%1.82n/a
Atmos Energy Corp. ATO$27.1 billion19.179.2%37.0%6.5%0.642.2%
DTE Energy Co. DTE$26.4 billion20.0810.8%13.3%15.9%2.133.5%
Firstenergy Corp. FE$26.0 billion23.868.4%14.6%12.6%2.104.0%
PPL Corp. PPL$25.7 billion20.188.4%24.1%6.7%1.323.2%
American Water Works Company, Inc. AWK$25.5 billion22.219.7%36.9%6.9%1.202.6%
Centerpoint Energy Inc. CNP$25.3 billion22.609.5%23.2%7.1%1.952.3%
Eversource Energy ES$24.7 billion17.028.9%21.5%7.8%1.634.6%
NRG Energy, Inc. NRG$22.4 billion27.6217.5%6.1%12.8%4.821.7%
Edison International EIX$20.9 billion5.6021.4%32.7%10.7%2.336.2%
CMS Energy Corp. CMS$20.5 billion19.6210.5%18.9%9.9%1.863.3%
Nisource Inc. NI$19.4 billion21.569.5%27.0%12.3%1.632.8%
Evergy, Inc. EVRG$18.6 billion20.499.1%26.2%3.6%1.203.4%
Talen Energy Corp. TLN$18.1 billionn/a-11.4%2.6%60.8%5.92n/a
Alliant Energy Corp. LNT$17.0 billion20.7310.9%22.1%6.8%1.413.1%
DT Midstream, Inc. DTM$12.6 billion27.149.8%49.6%18.1%0.702.7%
Pinnacle West Capital Corp. PNW$11.9 billion18.779.1%20.5%5.7%1.393.7%
Essential Utilities, Inc. WTRG$11.0 billion19.767.9%35.1%9.9%1.204.8%
Antero Midstream Corp. AM$9.9 billion24.8220.5%52.8%6.9%1.83n/a
OGE Energy Corp. OGE$9.5 billion20.229.4%24.2%0.6%1.123.7%
UGI Corp. UGI$7.9 billion12.3512.9%16.2%-0.5%1.284.1%
National Fuel GAS Co. NFG$7.4 billion10.8617.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.209.0%22.8%-0.4%0.972.6%
Txnm Energy Inc. TXNM$6.5 billion31.975.5%22.2%10.0%1.462.8%
Southwest Gas Holdings, Inc. SWX$6.0 billionn/an/an/an/a0.833.0%
Black Hills Corp. BKH$5.8 billion19.327.6%23.9%2.5%1.013.5%
Ormat Technologies, Inc. ORA$5.5 billion43.664.9%16.6%31.1%0.600.5%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
NEW Jersey Resources Corp. NJR$5.2 billion14.0913.9%24.8%6.4%1.213.6%
Spire Inc. SR$4.6 billion8.6915.3%19.7%4.1%1.614.0%
NorthWestern Energy Group, Inc. NWE$4.6 billion26.945.9%18.8%10.7%1.193.5%
One Gas, Inc. OGS$4.5 billion15.598.1%20.6%-0.8%0.743.7%
4 companies share its SEC industry code (Natural Gas Distribution); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install