One Gas (OGS) FY2024 results: revenue $2.1 billion, down 12.2% on the year
One Gas, Inc. (OGS) reported revenue of $2.1 billion for fiscal 2024, the year ended 31 December 2024, down 12.2% on the year before. Net income was $223 million, down 3.6%, and diluted earnings per share $3.91. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$2.1 billion
-12.2% on the year
FY2017FY2024
Operating margin
19.2%
15.9% a year earlier
FY2017FY2024
Net income
$223 million
-3.6% on the year
FY2017FY2024
Diluted EPS
$3.91
-5.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
368
940
1,571
-60.8%
Capital expenditure
703
667
609
+5.5%
Free cash flow
-335
273
961
Free cash flow margin
-16.1%
11.5%
37.3%
Cash from investing
-707
-670
-614
Cash from financing
378
-249
-947
Share-based compensation
13.7
12.2
10.7
+12.7%
Dividends paid
149
144
134
+3.7%
Dividend per share
$2.64
$2.60
$2.48
+1.5%
Diluted shares, weighted
57m
56m
54m
+2.1%
Shares outstanding at period end
60m
57m
55m
+5.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,105
2,766
2,584
+12.2%
Debt
3,329
3,049
3,234
+9.2%
Operating lease liabilities
11.4
14.3
17.4
-20.3%
Other liabilities
1,981
1,942
1,940
+2.0%
Total liabilities and equity
8,426
7,771
7,776
+8.4%
Fixed assets
6,646
n/a
n/a
Goodwill
158
158
158
0.0%
Intangible assets
n/a
n/a
324
Investments
45.4
n/a
n/a
Cash and equivalents
58.0
18.8
9.7
+207.9%
Receivables
408
348
554
+17.4%
Other assets
1,110
7,246
6,731
-84.7%
Total assets
8,426
7,771
7,776
+8.4%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.