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ONE Gas, Inc.(OGS)Earnings, Financials & Key Ratios
OGS•NYSE•Utilities
$86.00
$5.4B mkt cap·19.7× P/E·Price updated May 6, 2026
AboutONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. It serves residential, commercial, and transportation customers. As of December 31, 2021, it operated approximately 41,600 miles of distribution mains; and 2,400 miles of transmission pipelines, as well as had 51.4 billion cubic feet of natural gas storage capacity. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.Show more
- Revenue$2.43B+16.5%
- EBITDA$775M+11.4%
- Net Income$264M+18.6%
- Free Cash Flow-$128M+61.6%
- EBITDA Margin31.92%-4.4%
- Net Margin10.88%+1.8%
- ROE8.07%+6.4%
- Interest Coverage3.25+17.8%
- Debt/Equity0.99-8.0%
- Net Debt/EBITDA4.34-7.7%
- CapEx / Revenue29.13%-13.7%
- CapEx Coverage0.82+56.2%
OGS Key Insights
ONE Gas, Inc. (OGS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓12 years of consecutive dividend growth
- ✓12 consecutive years of dividend growth
- ✓Strong interest coverage of 3.3x
- ✓Healthy dividend yield of 3.1%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
OGS Price & Volume
ONE Gas, Inc. (OGS) stock price & volume — 10-year historical chart
Loading chart...
OGS Growth Metrics
ONE Gas, Inc. (OGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.6%
5 Years9.67%
3 Years-1.99%
TTM2.81%
Profit CAGR
10 Years8.3%
5 Years6.11%
3 Years6.02%
TTM12.56%
EPS CAGR
10 Years6.91%
5 Years3.5%
3 Years2.32%
TTM7%
Return on Capital
10 Years5.99%
5 Years5.6%
3 Years6.03%
Last Year6.2%
OGS Recent Earnings
ONE Gas, Inc. (OGS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 4, 2026EPS
$2.11
Est $2.13
-0.9%
Revenue
$832M
Est $969M
-14.2%
Q1 2026
Feb 18, 2026EPS
$1.48
Est $1.42
+4.2%
Revenue
$689M
Est $990M
-30.4%
Q4 2025
Nov 3, 2025EPS
$0.44
Est $0.44
+0.0%
Revenue
$379M
Est $990M
-61.7%
Q3 2025
Aug 5, 2025EPS
$0.53
Est $0.53
+0.0%
Revenue
$424M
Est $511M
-17.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $2.11vs $2.13-0.9% | $832Mvs $969M-14.2% |
| Q1 2026 | Feb 18, 2026 | $1.48vs $1.42+4.2% | $689Mvs $990M-30.4% |
| Q4 2025 | Nov 3, 2025 | $0.44vs $0.44+0.0% | $379Mvs $990M-61.7% |
| Q3 2025 | Aug 5, 2025 | $0.53vs $0.53+0.0% | $424Mvs $511M-17.0% |
Based on last 12 quarters of dataView full earnings history →
OGS Peer Comparison
ONE Gas, Inc. (OGS) competitors in Regulated Gas Distribution Utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SR | 5.09B | 86.21 | 19.73 | -4.5% | 14.48% | 10.44% | 1.54 | |
 NJR | 5.54B | 54.86 | 16.47 | 13.94% | 15.45% | 18.74% | 1.58 | |
 SWX | 6.57B | 90.82 | 14.94 | -62.05% | 18.55% | 11.85% | 0.89 | |
 NWN | 2.05B | 48.66 | 17.57 | 11.83% | 9.56% | 8.27% | 1.87 | |
 RGCO | 237.55M | 23.01 | 19.84 | -13.13% | 14.48% | 11.72% | 1.37 | |
 ATO | 30.53B | 184.52 | 24.73 | 12.91% | 27.58% | 7.69% | 0.69 | |
 NFG | 7.75B | 81.51 | 14.35 | 17.11% | 27.48% | 20.37% | 0.92 | |
 UGI | 7.52B | 35.02 | 11.33 | 1.07% | 8.17% | 12.18% | 1.58 |
Compare OGS vs Peers
ONE Gas, Inc. (OGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OGS Income Statement
ONE Gas, Inc. (OGS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.54B | 1.63B | 1.65B | 1.53B | 1.81B | 2.58B | 2.37B | 2.08B | 2.43B | 2.32B |
| Revenue Growth % | 7.88% | 6.11% | 1.16% | -7.41% | 18.19% | 42.54% | -7.99% | -12.16% | 16.5% | 2.81% |
| Cost of Revenue | 1.01B | 1.13B | 1.12B | 968.56M | 1.22B | 1.93B | 1.64B | 1.31B | 998.91M | 744.73M |
| Gross Profit | 525.81M▲ 0% | 507.39M▼ 3.5% | 535.63M▲ 5.6% | 561.71M▲ 4.9% | 583.91M▲ 4.0% | 646.65M▲ 10.7% | 729.08M▲ 12.7% | 775.11M▲ 6.3% | 1.43B▲ 84.3% | 1.58B▲ 0% |
| Gross Margin % | 34.15% | 31.06% | 32.41% | 36.71% | 32.29% | 25.08% | 30.74% | 37.2% | 58.85% | 67.95% |
| Gross Profit Growth % | 7.73% | -3.5% | 5.57% | 4.87% | 3.95% | 10.74% | 12.75% | 6.31% | 84.3% | - |
| Operating Expenses | 209.08M | 218.96M | 240.37M | 258.19M | 273.66M | 296.7M | 351.49M | 376.07M | 971.05M | 1.11B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 468.62M | 448.51M | 475.65M | 498.4M | 517.49M | 578.44M | 657.42M | 695.74M | 774.72M | 778.9M |
| EBITDA Margin % | 30.44% | 27.45% | 28.78% | 32.57% | 28.61% | 22.44% | 27.72% | 33.39% | 31.92% | 33.52% |
| EBITDA Growth % | 8.28% | -4.29% | 6.05% | 4.78% | 3.83% | 11.78% | 13.65% | 5.83% | 11.35% | 5.92% |
| Depreciation & Amortization | 151.89M | 160.09M | 180.4M | 194.88M | 207.23M | 228.48M | 279.83M | 296.7M | 317.26M | 312.34M |
| D&A / Revenue % | 9.87% | 9.8% | 10.91% | 12.74% | 11.46% | 8.86% | 11.8% | 14.24% | 13.07% | 13.44% |
| Operating Income (EBIT) | 316.73M▲ 0% | 288.43M▼ 8.9% | 295.26M▲ 2.4% | 303.52M▲ 2.8% | 310.26M▲ 2.2% | 349.96M▲ 12.8% | 377.59M▲ 7.9% | 399.04M▲ 5.7% | 457.47M▲ 14.6% | 466.56M▲ 0% |
| Operating Margin % | 20.57% | 17.65% | 17.86% | 19.83% | 17.15% | 13.57% | 15.92% | 19.15% | 18.85% | 20.08% |
| Operating Income Growth % | 9.61% | -8.93% | 2.37% | 2.8% | 2.22% | 12.8% | 7.9% | 5.68% | 14.64% | - |
| Interest Expense | 46.06M | 51.3M | 62.68M | 62.51M | 60.3M | 77.51M | 115.34M | 147.24M | 142.81M | 4M |
| Interest Coverage | 6.56x | 5.40x | 4.66x | 4.81x | 5.09x | 4.46x | 3.36x | 2.76x | 3.25x | - |
| Interest / Revenue % | 2.99% | 3.14% | 3.79% | 4.08% | 3.33% | 3.01% | 4.86% | 7.07% | 5.88% | 0.17% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 256.14M▲ 0% | 225.76M▼ 11.9% | 229.6M▲ 1.7% | 237.99M▲ 3.7% | 246.75M▲ 3.7% | 268.27M▲ 8.7% | 271.73M▲ 1.3% | 259.24M▼ 4.6% | 321.46M▲ 24.0% | 331.28M▲ 0% |
| Pretax Margin % | 16.64% | 13.82% | 13.89% | 15.55% | 13.64% | 10.41% | 11.46% | 12.44% | 13.24% | 14.25% |
| Income Tax | 93.14M | 53.53M | 42.85M | 41.58M | 40.32M | 46.53M | 40.49M | 36.39M | 57.23M | 57.8M |
| Effective Tax Rate % | 36.36% | 23.71% | 18.66% | 17.47% | 16.34% | 17.34% | 14.9% | 14.04% | 17.8% | 17.45% |
| Net Income | 163M▲ 0% | 172.23M▲ 5.7% | 186.75M▲ 8.4% | 196.41M▲ 5.2% | 206.43M▲ 5.1% | 221.74M▲ 7.4% | 231.23M▲ 4.3% | 222.85M▼ 3.6% | 264.22M▲ 18.6% | 273.48M▲ 0% |
| Net Margin % | 10.59% | 10.54% | 11.3% | 12.84% | 11.41% | 8.6% | 9.75% | 10.7% | 10.88% | 11.77% |
| Net Income Growth % | 16.35% | 5.67% | 8.43% | 5.17% | 5.1% | 7.42% | 4.28% | -3.62% | 18.57% | 12.56% |
| EPS (Diluted) | 3.08▲ 0% | 3.25▲ 5.5% | 3.51▲ 8.0% | 3.68▲ 4.8% | 3.85▲ 4.6% | 4.08▲ 6.0% | 4.14▲ 1.5% | 3.90▼ 5.8% | 4.37▲ 12.1% | 4.33▲ 0% |
| EPS Growth % | 16.23% | 5.52% | 8% | 4.84% | 4.62% | 5.97% | 1.47% | -5.8% | 12.05% | 7% |
| EPS (Basic) | 3.10 | 3.27 | 3.53 | 3.70 | 3.85 | 4.09 | 4.16 | 3.92 | 4.39 | - |
| Diluted Shares Outstanding | 52.98M | 53.03M | 53.24M | 53.37M | 53.67M | 54.34M | 55.86M | 57.03M | 60.51M | 63.2M |
OGS Balance Sheet
ONE Gas, Inc. (OGS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 5.21B | 5.47B | 5.71B | 6.03B | 8.4B | 7.78B | 7.77B | 8.43B | 9.33B | 8.83B |
| Asset Growth % | 5.34% | 5.03% | 4.38% | 5.61% | 39.37% | -7.45% | -0.07% | 8.42% | 10.72% | 29.31% |
| PP&E (Net) | 4.01B | 4.28B | 4.57B | 4.87B | 5.19B | 5.63B | 6.14B | 6.65B | 7.14B | 7.21B |
| PP&E / Total Assets % | 76.97% | 78.33% | 79.98% | 80.73% | 61.78% | 72.38% | 78.95% | 78.88% | 76.49% | 81.71% |
| Total Current Assets | 588.99M | 543.29M | 506.2M | 539.87M | 2.22B | 1.22B | 765.2M | 929.88M | 915.88M | 796.64M |
| Cash & Equivalents | 14.41M | 21.32M | 17.85M | 7.99M | 8.85M | 9.68M | 18.84M | 57.99M | 33.73M | 22.99M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 169.83M | 151.63M | 159.99M | 146.71M | 234.54M | 340.08M | 264.75M | 252.85M | 0 | 216.91M |
| Other Current Assets | 105.99M | 74.92M | 78.35M | 92.18M | 1.64B | 314.01M | 129.81M | 156.97M | 364.97M | 96.03M |
| Long-Term Investments | -194.76M | -214.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M | 157.95M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 323.84M | 293.62M | 265.95M | 233.79M | 226.36M |
| Other Assets | 47.16M | 46.21M | 478.92M | 463.83M | 828.77M | 448.16M | 419.01M | 425.91M | 409.96M | 433.16M |
| Total Liabilities | 3.25B | 3.43B | 3.58B | 3.8B | 6.05B | 5.19B | 5.01B | 5.32B | 5.89B | 5.3B |
| Total Debt | 1.55B | 1.58B | 1.8B | 2B | 4.18B | 3.26B | 3.05B | 3.33B | 3.39B | 3.38B |
| Net Debt | 1.54B | 1.56B | 1.78B | 1.99B | 4.17B | 3.25B | 3.03B | 3.27B | 3.36B | 3.36B |
| Long-Term Debt | 1.19B | 1.29B | 1.29B | 1.58B | 3.68B | 2.66B | 2.16B | 2.39B | 2.36B | 2.34B |
| Short-Term Borrowings | 357.21M | 299.5M | 516.5M | 418.23M | 494M | 572.73M | 888.91M | 943.57M | 1.02B | 1.04B |
| Capital Lease Obligations | 0 | 0 | 0 | 30.8M | 0 | 17.4M | 0 | 11.4M | 0 | 0 |
| Total Current Liabilities | 673.33M | 698.89M | 872.74M | 797.08M | 980.49M | 1.19B | 1.48B | 1.46B | 1.53B | 1.4B |
| Accounts Payable | 143.68M | 174.51M | 120.49M | 152.31M | 258.55M | 360.49M | 278.06M | 261.32M | 222.1M | 137.59M |
| Accrued Expenses | 48.83M | 47.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 60.81M | 61.18M | 57.99M | 68.03M | 62.45M | 57.85M | 62.19M | 56.24M | 52.87M | 116.82M |
| Other Current Liabilities | 21.46M | 116.06M | 129.8M | 94.71M | 98.45M | 119.99M | 179.27M | 121.53M | 234.34M | 223.79M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4.31B |
| Other Liabilities | 692.36M | 699.59M | 737.48M | 645.2M | 693.43M | 549.03M | 615.43M | 486.25M | 451.62M | 441.04M |
| Total Equity | 1.96B▲ 0% | 2.04B▲ 4.2% | 2.13B▲ 4.2% | 2.23B▲ 4.9% | 2.35B▲ 5.2% | 2.58B▲ 10.0% | 2.77B▲ 7.0% | 3.1B▲ 12.2% | 3.44B▲ 10.8% | 3.53B▲ 0% |
| Equity Growth % | 3.81% | 4.21% | 4.25% | 4.88% | 5.2% | 10% | 7.02% | 12.24% | 10.81% | 47.3% |
| Shareholders Equity | 1.96B | 2.04B | 2.13B | 2.23B | 2.35B | 2.58B | 2.77B | 3.1B | 3.44B | 3.53B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 526K | 526K | 528K | 532K | 536K | 553K | 565K | 599K | 627K | 628K |
| Additional Paid-in Capital | 1.74B | 1.73B | 1.73B | 1.76B | 1.79B | 1.93B | 2.03B | 2.29B | 2.53B | 2.53B |
| Retained Earnings | 246.12M | 320.87M | 402.51M | 483.63M | 565.16M | 651.86M | 737.74M | 809.61M | 909.36M | 994.84M |
| Accumulated OCI | -5.49M | -4.09M | -6.74M | -7.78M | -6.53M | -704K | -1.18M | -126K | 4K | -179K |
| Return on Assets (ROA) | 3.21% | 3.23% | 3.34% | 3.35% | 2.86% | 2.74% | 2.97% | 2.75% | 2.98% | 3.12% |
| Return on Equity (ROE) | 8.47% | 8.61% | 8.95% | 9% | 9.01% | 8.99% | 8.64% | 7.59% | 8.07% | 8.2% |
| Debt / Equity | 0.79x | 0.78x | 0.85x | 0.90x | 1.78x | 1.26x | 1.10x | 1.07x | 0.99x | 0.99x |
| Debt / Assets | 29.78% | 28.98% | 31.58% | 33.19% | 49.72% | 41.89% | 39.24% | 39.51% | 36.38% | 38.31% |
| Net Debt / EBITDA | 3.28x | 3.49x | 3.75x | 4.00x | 8.06x | 5.61x | 4.61x | 4.70x | 4.34x | 4.34x |
| Book Value per Share | 37 | 38.52 | 40 | 41.85 | 43.77 | 47.56 | 49.51 | 54.43 | 56.85 | 55.78 |
OGS Cash Flow Statement
ONE Gas, Inc. (OGS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 253.8M | 467.69M | 310.35M | 364.5M | -1.54B | 1.57B | 939.53M | 368.41M | 578.83M | 578.83M |
| Operating CF Growth % | -9.86% | 84.28% | -33.64% | 17.45% | -521.31% | 202.29% | -40.19% | -60.79% | 57.12% | 10.95% |
| Operating CF / Revenue % | 16.48% | 28.63% | 18.78% | 23.82% | -84.91% | 60.93% | 39.61% | 17.68% | 23.85% | 24.91% |
| Net Income | 163M | 172.23M | 186.75M | 196.41M | 206.43M | 221.74M | 231.23M | 222.85M | 264.22M | 273.48M |
| Depreciation & Amortization | 151.89M | 160.09M | 180.4M | 194.88M | 207.23M | 228.48M | 279.83M | 296.7M | 317.26M | 312.34M |
| Deferred Taxes | 92.39M | 53.24M | 13.31M | 18.48M | 43.45M | -22.03M | 24.77M | 106.52M | 49.51M | 46.6M |
| Other Non-Cash Items | -45.05M | -44.35M | -38.79M | -25.38M | -39.9M | 1.34B | 207.06M | -52.25M | 8.21M | 19.32M |
| Working Capital Changes | -117.3M | 118.29M | -40.63M | -29.7M | -1.96B | -204.67M | 184.45M | -219.15M | -75.15M | -185.53M |
| Capital Expenditures | -356.36M | -394.45M | -424.33M | -474.15M | -495.25M | -609.49M | -666.63M | -703.16M | -707.23M | -697.16M |
| CapEx / Revenue % | 23.15% | 24.14% | 25.67% | 30.98% | 27.38% | 23.64% | 28.1% | 33.75% | 29.13% | 30% |
| CapEx / D&A | 2.35x | 2.46x | 2.35x | 2.43x | 2.39x | 2.67x | 2.38x | 2.37x | 2.23x | 2.23x |
| CapEx Coverage (OCF/CapEx) | 0.71x | 1.19x | 0.73x | 0.77x | -3.10x | 2.58x | 1.41x | 0.52x | 0.82x | 0.83x |
| Cash from Investing | -355.74M | -394.45M | -422.93M | -470.37M | -501.08M | -614.11M | -669.64M | -707.5M | -715.32M | -701.58M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 618K | 0 | 1.4M | 3.78M | -5.84M | -4.62M | -3.01M | -4.33M | -8.1M | -4.42M |
| Cash from Financing | 101.69M | -66.33M | 109.12M | 96.01M | 2.04B | -947.46M | -248.63M | 378.23M | 91.68M | 218.7M |
| Dividends Paid | -87.95M | -96.59M | -105.42M | -114.37M | -123.91M | -133.95M | -144.09M | -149.46M | -160.71M | -163.23M |
| Dividend Payout Ratio % | 53.96% | 56.08% | 56.45% | 58.23% | 60.02% | 60.41% | 62.32% | 67.07% | 60.82% | - |
| Debt Issuance (Net) | 0 | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 2M |
| Stock Issued | 4.46M | 4.8M | 5.12M | 19.38M | 26.66M | 133.71M | 85.26M | 252.38M | 212.18M | 212.18M |
| Share Repurchases | -17.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20K |
| Other Financing | 202.7M | 479K | -7.58M | -6.27M | -39.82M | -11.74M | -5.16M | -3.3M | -2.66M | 2.71M |
| Net Change in Cash | -250K▲ 0% | 6.91M▲ 2864.0% | -3.47M▼ 150.2% | -9.86M▼ 184.1% | 859K▲ 108.7% | 9.28M▲ 979.7% | 21.26M▲ 129.2% | 39.15M▲ 84.1% | -44.81M▼ 214.5% | -5.2M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 14.66M | 14.41M | 21.32M | 17.85M | 7.99M | 8.85M | 18.13M | 39.39M | 78.54M | 33.73M |
| Cash at End | 14.41M | 21.32M | 17.85M | 7.99M | 8.85M | 18.13M | 39.39M | 78.54M | 33.73M | 22.99M |
| Free Cash Flow | -102.56M▲ 0% | 73.24M▲ 171.4% | -113.99M▼ 255.6% | -109.65M▲ 3.8% | -2.03B▼ 1752.2% | 961.36M▲ 147.3% | 272.9M▼ 71.6% | -334.75M▼ 222.7% | -128.39M▲ 61.6% | -219.47M▲ 0% |
| FCF Growth % | -272.89% | 171.42% | -255.63% | 3.8% | -1752.19% | 147.34% | -71.61% | -222.67% | 61.65% | -34.84% |
| FCF Margin % | -6.66% | 4.48% | -6.9% | -7.17% | -112.29% | 37.29% | 11.51% | -16.07% | -5.29% | -9.44% |
| FCF / Net Income % | -62.92% | 42.53% | -61.04% | -55.83% | -983.8% | 433.55% | 118.02% | -150.21% | -48.59% | -80.25% |
OGS Key Ratios
ONE Gas, Inc. (OGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 8.47% | 8.61% | 8.95% | 9% | 9.01% | 8.99% | 8.64% | 7.59% | 8.07% | 8.2% |
| EBITDA Margin | 30.44% | 27.45% | 28.78% | 32.57% | 28.61% | 22.44% | 27.72% | 33.39% | 31.92% | 33.52% |
| Net Debt / EBITDA | 3.28x | 3.49x | 3.75x | 4.00x | 8.06x | 5.61x | 4.61x | 4.70x | 4.34x | 4.34x |
| Interest Coverage | 6.56x | 5.40x | 4.66x | 4.81x | 5.09x | 4.46x | 3.36x | 2.76x | 3.25x | - |
| CapEx / Revenue | 23.15% | 24.14% | 25.67% | 30.98% | 27.38% | 23.64% | 28.1% | 33.75% | 29.13% | 30% |
| Dividend Payout Ratio | 53.96% | 56.08% | 56.45% | 58.23% | 60.02% | 60.41% | 62.32% | 67.07% | 60.82% | 59.69% |
| Debt / Equity | 0.79x | 0.78x | 0.85x | 0.90x | 1.78x | 1.26x | 1.10x | 1.07x | 0.99x | 0.99x |
| EPS Growth | 16.23% | 5.52% | 8% | 4.84% | 4.62% | 5.97% | 1.47% | -5.8% | 12.05% | 7% |
OGS SEC Filings & Documents
ONE Gas, Inc. (OGS) SEC filings — annual & quarterly reports (10-K, 10-Q)
OGS Frequently Asked Questions
ONE Gas, Inc. (OGS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
ONE Gas, Inc. (OGS) reported $2.32B in revenue for fiscal year 2025. This represents a 43% increase from $1.62B in 2011.
ONE Gas, Inc. (OGS) grew revenue by 16.5% over the past year. This is strong growth.
Yes, ONE Gas, Inc. (OGS) is profitable, generating $273.5M in net income for fiscal year 2025 (10.9% net margin).
Dividend & Returns
Yes, ONE Gas, Inc. (OGS) pays a dividend with a yield of 3.09%. This makes it attractive for income-focused investors.
ONE Gas, Inc. (OGS) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.
ONE Gas, Inc. (OGS) had negative free cash flow of $219.5M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
ONE Gas, Inc. (OGS) has a dividend payout ratio of 61%. This suggests the dividend is well-covered and sustainable.
Explore More OGS
ONE Gas, Inc. (OGS) financial analysis — history, returns, DCA and operating performance tools
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Financial Ratios
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