OGS on NYSE
ONE Gas
American publicly traded natural gas utility
One Gas, Inc. is a stand-alone, 100 percent regulated, publicly traded natural gas utility and is one of the largest natural gas utilities in the United States.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 18, 2026.
Overview
2014Founded1
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- TickerOGS on NYSE1
- Industrypublic utility1
- HeadquartersTulsa1
- Websitewww.onegas.com
- Incorporated inOK4
- Business address15 East Fifth Street, Tulsa, Ok 741034
- Filer categoryLarge accelerated filer4
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One Gas, Inc. is a stand-alone, 100 percent regulated, publicly traded natural gas utility and is one of the largest natural gas utilities in the United States.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
13.6%Operating margin5
8.6%Net margin5
42.5%Revenue growth, 20226
8.6%Return on equity7
1.03×Debt to equity8
$961.4MFree cash flow5
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue57¢$1.5B
- Other costs30¢$773.1M
- Interest3¢$77.5M
- Income tax2¢$46.5M
- Profit9¢$221.7M
Where each dollar of operating cash went, fiscal 2022
- Capital spending39¢$609.5M
- Dividends paid9¢$134.0M
- Kept or used elsewhere53¢$827.4M
Out of $1.6B of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Regulated Operating Revenue | $2.4B | $2.1B | $2.4B |
| Cost of natural gas | $998.9M | $778.3M | $1.1B |
| Operations and maintenance | $558.5M | $530.3M | $508.4M |
| Depreciation and amortization | $317.3M | $296.7M | $279.8M |
| General taxes | $95.3M | $79.4M | $71.7M |
| Total operating expenses | $971.0M | $906.3M | $859.9M |
| Operating income | $457.5M | $398.9M | $377.6M |
| Other Nonoperating Income (Expense) | $6.8M | $7.6M | $9.5M |
| Interest expense, net | -$142.8M | -$147.2M | -$115.3M |
| Income before income taxes | $321.5M | $259.2M | $271.7M |
| Income taxes | -$57.2M | -$36.4M | -$40.5M |
| Net income | $264.2M | $222.8M | $231.2M |
| Basic | $4.39 | $3.92 | $4.16 |
| Diluted | $4.37 | $3.91 | $4.14 |
| Basic | 60.2M shares | 56.8M shares | 55.6M shares |
| Diluted | 60.5M shares | 57.0M shares | 55.9M shares |
| Common Stock, Dividends, Per Share, Declared | $2.68 | $2.64 | $2.60 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Property, plant and equipment | $9.7B | $9.1B | ||
| Accumulated depreciation and amortization | $2.6B | $2.5B | ||
| Net property, plant and equipment | $7.1B | $6.6B | ||
| Cash and cash equivalents | $10.6M | $58.0M | ||
| Restricted cash and cash equivalents | $23.1M | $20.5M | ||
| Cash, cash equivalents, restricted cash and restricted cash equivalents | $33.7M | $78.5M | $39.4M | $18.1M |
| Accounts receivable, net | $461.6M | $408.4M | ||
| Materials and supplies | $97.6M | $91.7M | ||
| Income taxes receivable | $55.6M | $53.6M | ||
| Natural gas in storage | $176.5M | $161.2M | ||
| Regulatory assets, current | $49.5M | $101.2M | ||
| Other current assets | $41.4M | $35.2M | ||
| Total current assets | $915.9M | $929.9M | ||
| Regulatory assets, noncurrent | $256.2M | $278.0M | ||
| Other intangible assets, net | $233.8M | $266.0M | ||
| Goodwill | $158.0M | $158.0M | ||
| Pension and other postemployment benefits | $47.0M | $42.9M | ||
| Other assets | $120.0M | $105.0M | ||
| Total goodwill and other assets | $815.0M | $849.8M | ||
| Total assets | $8.9B | $8.4B | ||
| Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 62,692,392 shares at December 31, 2025; issued and outstanding 59,876,861 shares at December 31, 2024 | $627.0K | $599.0K | ||
| Paid-in capital | $2.5B | $2.3B | ||
| Retained earnings | $909.4M | $809.6M | ||
| Accumulated other comprehensive income (loss), net of tax | $4.0K | -$126.0K | -$1.2M | |
| Total equity | $3.4B | $3.1B | $2.8B | $2.6B |
| Other long-term debt, noncurrent, net of issuance costs | $2.1B | $2.1B | ||
| Securitized utility tariff bonds, excluding current maturities, net of issuance costs | $223.0M | $253.6M | ||
| Long-Term debt, excluding current maturities, total, net of issuance costs | $2.4B | $2.4B | ||
| Total equity and long-term debt | $5.8B | $5.5B | ||
| Long-term debt, current maturities, net of issuance costs | $249.7M | $14.0K | ||
| Current maturities of securitized utility tariff bonds, net of issuance costs | $30.6M | $29.0M | ||
| Short-term debt | $737.4M | $914.6M | ||
| Accounts payable | $222.1M | $261.3M | ||
| Accrued taxes other than income | $75.6M | $75.6M | ||
| Regulatory liability, current | $57.3M | $22.5M | ||
| Customer deposits | $52.9M | $56.2M | ||
| Other current liabilities | $106.4M | $99.0M | ||
| Total current liabilities | $1.5B | $1.5B | ||
| Deferred income taxes | $963.9M | $891.7M | ||
| Regulatory liability, noncurrent | $451.6M | $467.6M | ||
| Other deferred credits | $109.6M | $118.2M | ||
| Total deferred credits and other liabilities | $1.5B | $1.5B | ||
| Total liabilities and equity | $8.9B | $8.4B | ||
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized | 250.0M shares | 250.0M shares | ||
| Common Stock, Shares, Issued | 62.7M shares | 59.9M shares | ||
| Common Stock, Shares, Outstanding | 62.7M shares | 59.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Property, plant and equipment | $9.7B | $9.1B | ||
| Accumulated depreciation and amortization | $2.6B | $2.5B | ||
| Net property, plant and equipment | $7.1B | $6.6B | ||
| Cash and cash equivalents | $10.6M | $58.0M | ||
| Restricted cash and cash equivalents | $23.1M | $20.5M | ||
| Cash, cash equivalents, restricted cash and restricted cash equivalents | $33.7M | $78.5M | $39.4M | $18.1M |
| Accounts receivable, net | $461.6M | $408.4M | ||
| Materials and supplies | $97.6M | $91.7M | ||
| Income taxes receivable | $55.6M | $53.6M | ||
| Natural gas in storage | $176.5M | $161.2M | ||
| Regulatory assets, current | $49.5M | $101.2M | ||
| Other current assets | $41.4M | $35.2M | ||
| Total current assets | $915.9M | $929.9M | ||
| Regulatory assets, noncurrent | $256.2M | $278.0M | ||
| Other intangible assets, net | $233.8M | $266.0M | ||
| Goodwill | $158.0M | $158.0M | ||
| Pension and other postemployment benefits | $47.0M | $42.9M | ||
| Other assets | $120.0M | $105.0M | ||
| Total goodwill and other assets | $815.0M | $849.8M | ||
| Total assets | $8.9B | $8.4B | ||
| Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 62,692,392 shares at December 31, 2025; issued and outstanding 59,876,861 shares at December 31, 2024 | $627.0K | $599.0K | ||
| Paid-in capital | $2.5B | $2.3B | ||
| Retained earnings | $909.4M | $809.6M | ||
| Accumulated other comprehensive income (loss), net of tax | $4.0K | -$126.0K | -$1.2M | |
| Total equity | $3.4B | $3.1B | $2.8B | $2.6B |
| Other long-term debt, noncurrent, net of issuance costs | $2.1B | $2.1B | ||
| Securitized utility tariff bonds, excluding current maturities, net of issuance costs | $223.0M | $253.6M | ||
| Long-Term debt, excluding current maturities, total, net of issuance costs | $2.4B | $2.4B | ||
| Total equity and long-term debt | $5.8B | $5.5B | ||
| Long-term debt, current maturities, net of issuance costs | $249.7M | $14.0K | ||
| Current maturities of securitized utility tariff bonds, net of issuance costs | $30.6M | $29.0M | ||
| Short-term debt | $737.4M | $914.6M | ||
| Accounts payable | $222.1M | $261.3M | ||
| Accrued taxes other than income | $75.6M | $75.6M | ||
| Regulatory liability, current | $57.3M | $22.5M | ||
| Customer deposits | $52.9M | $56.2M | ||
| Other current liabilities | $106.4M | $99.0M | ||
| Total current liabilities | $1.5B | $1.5B | ||
| Deferred income taxes | $963.9M | $891.7M | ||
| Regulatory liability, noncurrent | $451.6M | $467.6M | ||
| Other deferred credits | $109.6M | $118.2M | ||
| Total deferred credits and other liabilities | $1.5B | $1.5B | ||
| Total liabilities and equity | $8.9B | $8.4B | ||
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized | 250.0M shares | 250.0M shares | ||
| Common Stock, Shares, Issued | 62.7M shares | 59.9M shares | ||
| Common Stock, Shares, Outstanding | 62.7M shares | 59.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $264.2M | $222.8M | $231.2M |
| Depreciation and amortization | $317.3M | $296.7M | $279.8M |
| Deferred income tax provision | $49.5M | $106.5M | $24.8M |
| Share-based compensation expense | $14.8M | $13.7M | $12.2M |
| Provision for doubtful accounts | $8.2M | $6.7M | $9.7M |
| Proceeds from Securitization Bonds, Operating Activities | $0 | $0 | $197.4M |
| Accounts receivable | -$61.4M | -$67.3M | $196.3M |
| Materials and supplies | -$5.9M | -$14.0M | -$6.8M |
| Income tax receivable | -$1.9M | -$49.7M | -$3.9M |
| Natural gas in storage | -$15.3M | $25.9M | $82.1M |
| Asset removal costs | -$52.3M | -$59.0M | -$62.0M |
| Accounts payable | -$35.4M | -$15.0M | -$90.0M |
| Accrued taxes other than income | -$40.0K | $6.8M | -$9.6M |
| Customer deposits | -$3.4M | -$5.9M | $4.3M |
| Regulatory assets and liabilities, current, net | $68.4M | -$90.8M | $7.2M |
| Regulatory assets and liabilities, noncurrent, net | $36.7M | $19.4M | $38.9M |
| Other current assets and liabilities, net | -$708.0K | -$17.1M | $30.0M |
| Other noncurrent assets and liabilities, net | -$3.9M | -$11.4M | -$2.0M |
| Cash provided by operating activities | $578.8M | $368.4M | $939.5M |
| Capital expenditures | -$707.2M | -$703.2M | -$666.6M |
| Payments for Other Investing Activities | -$12.7M | -$10.4M | -$8.5M |
| Proceeds from Sale of Other Assets, Investing Activities | $4.6M | $6.1M | $5.5M |
| Cash used in investing activities | -$715.3M | -$707.5M | -$669.6M |
| Borrowings (repayments) of short-term debt, net | -$177.2M | $826.1M | -$463.5M |
| Proceeds from issuance of long-term debt, net of premiums and discounts | $250.0M | $253.5M | $299.6M |
| Payments of Debt Issuance Costs | -$432.0K | $2.2M | $2.5M |
| Repayments of Other Long-Term Debt | -$15.0K | -$773.0M | $0 |
| Repayment of securitized utility tariff bonds | -$29.5M | -$27.9M | -$20.7M |
| Proceeds from Issuance of Common Stock | $212.2M | $252.4M | $85.3M |
| Dividends paid | -$160.7M | -$149.5M | -$144.1M |
| Payment, Tax Withholding, Share-based Payment Arrangement | -$2.7M | -$1.1M | -$2.7M |
| Cash used in financing activities | $91.7M | $378.2M | -$248.6M |
| Change in cash and cash equivalents | -$44.8M | $39.1M | $21.3M |
| Interest Paid, Excluding Capitalized Interest | $139.0M | $149.0M | $80.7M |
| Income Tax Paid, State and Local, after Refund Received | $540.0K | $366.0K | $769.0K |
| Income Tax Paid, Oklahoma, after Refund Received | -$1.5M | -$4.5M | $1.6M |
| Income Tax Paid, Federal, after Refund Received | $10.1M | -$16.3M | $18.5M |
No quarter-by-quarter statement was filed.
Leadership
Who has led ONE Gas, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
201520202025
- Chief executive officerPierce Norton Mar 5, 2014 to Jan 22, 201514
- PresidentPierce Norton Mar 5, 2014 to Jan 22, 201514
- Chief financial officerCurtis Dinan Mar 5, 2014 to Oct 14, 201515
Board members and other officers (25)
- OfficerRegina Gregory Oct 1, 2025 to now16
- OfficerChristopher P. Sighinolfi Jan 3, 2024 to now17
- OfficerAngela Kouplen Sep 29, 2023 to now18
- OfficerWilliam Kent Shortridge Mar 14, 2022 to now19
- OfficerBrian F. Brumfield Nov 1, 2022 to now20
- OfficerJeffrey J. Husen Aug 1, 2018 to Feb 23, 202221
- OfficerRobert S. McAnnally Mar 18, 2015 to now22
- OfficerMark A. Bender Nov 5, 2015 to now23
- OfficerCaron A. Lawhorn Jan 10, 2014 to Feb 21, 202424
- OfficerCurtis Dinan Jan 10, 2014 to now25
- OfficerGreg A. Phillips Jan 10, 2014 to Feb 19, 201526
- OfficerJoseph L. McCormick Jan 10, 2014 to now27
- OfficerPierce Norton Jan 10, 2014 to Feb 17, 202128
- Board memberNickolas Stavropoulos Jul 23, 2026 to now29
- Board memberSanjay D. Meshri Jul 17, 2024 to now30
- Board memberYves C. Siegel Jul 17, 2024 to now31
- Board memberDeborah Hersman Jul 6, 2023 to now32
- Board memberRobert S. McAnnally Jun 30, 2021 to now33
- Board memberArcilia Acosta Aug 1, 2018 to Feb 13, 202034
- Board memberTracy E. Hart Aug 1, 2018 to now35
- Board memberDouglas H. Yaeger Jan 10, 2014 to May 30, 202336
- Board memberEduardo A. Rodriguez Jan 10, 2014 to now37
- Board memberMichael G. Hutchinson Jan 10, 2014 to now38
- Board memberPattye L. Moore Jan 10, 2014 to now39
- Board memberPierce Norton Jan 10, 2014 to Feb 17, 202128
Products and brands
- natural gas
Listed on Wikidata.1
Timeline
Filings
356 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 136 major events, 102 insider forms, 28 large holders, 70 other. The latest 20:
- Sep 29, 20268-K EDGAR
- Sep 25, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Aug 13, 20264 EDGAR
- Aug 13, 20268-K EDGAR
- Aug 12, 2026424B5 EDGAR
- Aug 11, 2026FWP EDGAR
- Aug 11, 2026424B5 EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Aug 4, 20268-K EDGAR
- Jul 23, 20263 EDGAR
- Jul 13, 20268-K EDGAR
- Jul 8, 20268-K EDGAR
- Jun 25, 202611-K EDGAR
- Jun 10, 20264 EDGAR
- Jun 4, 20264 EDGAR
- Jun 4, 20264 EDGAR
- May 27, 20268-K EDGAR
The 356 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 28 such filings since October 2021, the latest 10:
- Aug 7, 2026SCHEDULE 13G
- May 15, 2026SCHEDULE 13G/A
- May 1, 2026SCHEDULE 13G/A
- Apr 30, 2026SCHEDULE 13G
- Apr 29, 2026SCHEDULE 13G
- Mar 27, 2026SCHEDULE 13G/A
- Feb 9, 2026SCHEDULE 13G
- Nov 10, 2025SCHEDULE 13G
- Aug 11, 2025SCHEDULE 13G
- Jul 29, 2025SCHEDULE 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 9,099,077 | $701.3M | 0.0% | −15,999 |
| Vanguard Portfolio Management LLC | 3,716,434 | $286.4M | 0.0% | +126,441 |
| American Century Companies Inc | 3,543,229 | $273.1M | 0.1% | +167,836 |
| State Street Corp | 3,268,798 | $251.9M | 0.0% | +231,913 |
| Vanguard Capital Management LLC | 2,821,399 | $217.4M | 0.0% | +45,394 |
| Geode Capital Management, LLC | 1,957,673 | $150.9M | 0.0% | +376,808 |
| Energy Income Partners, LLC | 1,763,956 | $135.9M | 2.1% | +432,880 |
| Alliancebernstein L.P. | 1,484,889 | $127.9M | 0.0% | −30,946 |
| Aqr Capital Management LLC | 1,119,752 | $86.3M | 0.0% | +613,651 |
| Earnest Partners LLC | 1,110,347 | $85.6M | 0.3% | −42,781 |
| Boston Trust Walden Corp | 1,045,444 | $80.6M | 0.6% | −40,815 |
| Dimensional Fund Advisors LP | 1,030,076 | $79.4M | 0.0% | +18,693 |
| Morgan Stanley | 1,022,683 | $78.8M | 0.0% | +139,084 |
| Norges Bank | 879,121 | $67.8M | 0.0% | New |
| Northern Trust Corp | 845,290 | $65.1M | 0.0% | +116,423 |
| Goldman Sachs Group Inc | 807,222 | $62.2M | 0.0% | −137,569 |
| Qube Research & Technologies Ltd | 794,066 | $61.2M | 0.1% | −72,176 |
| Charles Schwab Investment Management Inc | 766,365 | $59.1M | 0.0% | +10,913 |
| Bank of New York Mellon Corp | 730,608 | $56.3M | 0.0% | −33,269 |
| Franklin Resources Inc | 718,962 | $55.4M | 0.0% | −1,225 |
| Victory Capital Management Inc | 693,785 | $53.5M | 0.0% | +49,619 |
| Wellington Management Group Llp | 650,349 | $50.1M | 0.0% | −1,954,954 |
| ExodusPoint Capital Management, LP | 627,285 | $48.3M | 0.4% | +372,573 |
| Duff & Phelps Investment Management Co | 576,000 | $44.4M | 0.4% | No change |
| First Trust Advisors LP | 572,032 | $44.1M | 0.0% | +19,681 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +75.9% | Report |
| Apr 10, 2023 | Daniel S. GoldmanDemocratic, House | Buy | $1,001 - $15,000 | −97.0% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Links
- Websitewww.onegas.com1
- X (Twitter)x.com/onegasinc1
- Facebookwww.facebook.com/onegasincorporated1
- WikipediaOne Gas
- WikidataQ16983192
- SEC EDGARCIK 1587732
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataONE Gas on Wikidata
- 2SEC EDGARONE Gas filings on SEC EDGAR
- 3WikipediaONE Gas on Wikipedia
- 4SEC EDGARONE Gas filings on SEC EDGAR
- 5SEC EDGARONE Gas 10-K for fiscal 2022
- 6SEC EDGARONE Gas 10-K for fiscal 2022
- 7SEC EDGARONE Gas 10-K for fiscal 2022
- 8SEC EDGARONE Gas 10-K for fiscal 2022
- 9SEC EDGARONE Gas 10-K for fiscal 2019
- 10SEC EDGARONE Gas 10-Q for fiscal 2026
- 11SEC EDGARONE Gas 10-Q for fiscal 2026
- 12SEC EDGARONE Gas 10-K for fiscal 2019
- 13SEC EDGARONE Gas 10-K for fiscal 2019
- 14
- 15
- 16SEC EDGARRegina Gregory, Officer
- 17SEC EDGARChristopher P. Sighinolfi, Officer
- 18SEC EDGARAngela Kouplen, Officer
- 19SEC EDGARWilliam Kent Shortridge, Officer
- 20SEC EDGARBrian F. Brumfield, Officer
- 21SEC EDGARJeffrey J. Husen, Officer
- 22SEC EDGARRobert S. McAnnally, Officer
- 23SEC EDGARMark A. Bender, Officer
- 24SEC EDGARCaron A. Lawhorn, Officer
- 25SEC EDGARCurtis Dinan, Officer
- 26SEC EDGARGreg A. Phillips, Officer
- 27SEC EDGARJoseph L. McCormick, Officer
- 28SEC EDGARPierce Norton, Officer
- 29SEC EDGARNickolas Stavropoulos, Board member
- 30SEC EDGARSanjay D. Meshri, Board member
- 31SEC EDGARYves C. Siegel, Board member
- 32SEC EDGARDeborah Hersman, Board member
- 33SEC EDGARRobert S. McAnnally, Board member
- 34SEC EDGARArcilia Acosta, Board member
- 35SEC EDGARTracy E. Hart, Board member
- 36SEC EDGARDouglas H. Yaeger, Board member
- 37SEC EDGAREduardo A. Rodriguez, Board member
- 38SEC EDGARMichael G. Hutchinson, Board member
- 39SEC EDGARPattye L. Moore, Board member