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NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

ONE Gas, Inc. OGS

14 fiscal years on record · USD · FY2025 reported · SEC filings only
11 YEARS OF DIVIDEND GROWTH
$264.2M
▲ 18.6% YoY
$-128.4M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

ONE Gas, Inc. is a 100-percent regulated natural gas distribution utility headquartered in Tulsa, Oklahoma. It provides natural gas distribution services to approximately 2.3 million customers. It employed approximately 4,000 people on February 1, 2026, including approximately 700 people at Kansas Gas Service who are subject to collective bargaining agreements. Its three divisions, Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service, distribute natural gas to approximately 89 percent, 72 percent, and 13 percent of the natural gas distribution customers in Oklahoma, Kansas, and Texas, respectively. It is the successor to a company founded in 1906 as Oklahoma Natural Gas Company, which became ONEOK, Inc. in 1980. On January 31, 2014, ONE Gas separated from ONEOK, Inc.

Written from the business description in ONE Gas, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2022 · Revenue 2.6 · Net income 0.2
1B2B
201220152018202120242025
Compound annual growth
+16.0%
+10.9%
+6.0%
+6.1%
+8.3%
+2.3%
+3.5%
+6.9%
+2.6%
+4.4%
+8.4%
+6.3%
+7.0%
+7.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.9% a year over the five years to FY2022.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2022 · Operating 13.6% · Net 8.6%
10%20%
201220182025
ROE
FY2025 · ROE 8.1%
5%
201220182025
Three returns, three denominators.

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 160.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.1
0.4B0.8B-1.0B-2.0B
201220182025
Net buybacks $M Dividends $M
FY2025 · Dividends 160.7 · Net buybacks ·
100M200MDividendsNet buybacks
20122014201620182020202220242025

USD 160.7M in dividends — 61% of the year's profit went back to shareholders.

Total assetsUSD 8.9B
EquityUSD 3.4B
CashUSD 10.6M
Gross debtUSD 2.6B
Net debtUSD 2.6B
Current ratio0.60×

Net debt stands at 75% of equity.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
OGS, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B◌◌◌2.61.81.51.71.61.51.4◌◌◌◌
Operating income $B0.50.40.40.30.30.30.30.30.30.30.20.20.20.2
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.10.00.00.00.00.00.00.10.10.10.10.10.10.1
Net income $B0.30.20.20.20.20.20.20.20.20.10.10.10.10.1
Free cash flow $B−0.1−0.30.31.0−2.0−0.1−0.10.1−0.1−0.00.1−0.1−0.1−0.1
EPS, diluted $4.373.914.144.083.853.683.513.253.082.652.242.071.901.84
Dividend / sh $2.682.642.602.482.322.162.001.841.681.401.200.840.000.00
Payout %61676260605856565452534000
ROE %8.17.68.69.09.09.09.08.68.57.56.57.28.38.4
Shares out B0.060.060.060.060.050.050.050.050.050.050.050.050.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 13 checks were skipped: cost of revenue is not tagged before 2020. 12 checks were skipped: the balance sheet is not tagged before 2013. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNatural Gas Distribution
Listed onNYSE
Incorporated inOklahoma
Fiscal year endsDecember 31
Data on record since2012

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