ONE Gas, Inc. (OGS) Financial Statements
Industry: Natural Gas Distribution
In fiscal 2025, ONE Gas reported revenue of $0. Net income was $264.2M, or $4.37 per diluted share. Operating activities generated $578.8M of cash, leaving -$128.4M of free cash flow. At fiscal year end, ONE Gas held $8.85B in total assets against $5.41B in total liabilities, including $10.6M of cash and equivalents.
Open the full interactive ONE Gas financials → Quarterly statements, key ratios, valuation history and price charts.
ONE Gas Key Stats
| Share Price | $74.54 |
|---|---|
| Market Cap | $4.71B |
| P/E Ratio | 17.1 |
| Dividend Yield | 3.52% |
| 52-Week Range | $71.66 – $89.14 |
| Shares Outstanding | 63.0 million (basic, 2026 Q2) |
ONE Gas Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.53B | $1.81B | $2.58B | $0 | $0 | $0 |
| Cost of Goods Sold | $0 | $0 | $1.46B | $1.13B | $778.3M | $998.9M |
| Gross Profit | $1.53B | $1.81B | $1.12B | -$1.13B | -$778.3M | -$998.9M |
| Operating Income | $303.5M | $310.3M | $350.0M | $377.6M | $399.0M | $457.5M |
| Pre-Tax Income | $238.0M | $246.8M | $268.3M | $271.7M | $259.2M | $321.5M |
| Income Tax | $41.6M | $40.3M | $46.5M | $40.5M | $36.4M | $57.2M |
| Net Income | $196.4M | $206.4M | $221.7M | $231.2M | $222.8M | $264.2M |
| Diluted EPS | $3.68 | $3.85 | $4.08 | $4.14 | $3.91 | $4.37 |
ONE Gas Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Net Income | $26.5M | $86.3M | $128.7M | $46.8M |
| Diluted EPS | $0.44 | $1.43 | $2.04 | $0.74 |
ONE Gas Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.0M | $8.9M | $9.7M | $18.8M | $58.0M | $10.6M |
| Current Assets | $539.9M | $2.22B | $1.22B | $765.2M | $929.9M | $915.9M |
| Total Assets | $6.03B | $8.40B | $7.78B | $7.77B | $8.43B | $8.85B |
| Current Liabilities | $797.1M | $980.5M | $1.19B | $1.48B | $1.46B | $1.53B |
| Total Long-Term Debt | $1.58B | $3.70B | $2.68B | $2.93B | $2.39B | $2.61B |
| Total Liabilities | $3.80B | $6.05B | $5.19B | $5.01B | $5.32B | $5.41B |
| Shareholders' Equity | $2.23B | $2.35B | $2.58B | $2.77B | $3.10B | $3.44B |
ONE Gas Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $364.5M | -$1.54B | $1.57B | $939.5M | $368.4M | $578.8M |
| Cash From Investing | -$470.4M | -$501.1M | -$614.1M | -$669.6M | -$707.5M | -$715.3M |
| Cash From Financing | $96.0M | $2.04B | -$947.5M | -$248.6M | $378.2M | $91.7M |
| Free Cash Flow | -$106.8M | -$2.03B | $961.4M | $272.9M | -$334.8M | -$128.4M |
| Dividends Paid | $114.4M | $123.9M | $134.0M | $144.1M | $149.5M | $160.7M |
Figures from ONE Gas' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full ONE Gas financials page for every line item.
ONE Gas Company Profile
| Ticker | OGS |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Distribution |
| Headquarters | Tulsa, Oklahoma |
| Incorporated in | Oklahoma |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001587732 |
Frequently Asked Questions
What was ONE Gas' revenue in fiscal 2025?
ONE Gas (OGS) reported revenue of $0 for fiscal 2025.
What is ONE Gas' annual revenue history?
ONE Gas' annual revenue by fiscal year: 2020: $1.53B; 2021: $1.81B; 2022: $2.58B; 2023: $0; 2024: $0; 2025: $0.
What was ONE Gas' net income in fiscal 2025?
ONE Gas reported net income of $264.2M for fiscal 2025.
What was ONE Gas' earnings per share (EPS) in fiscal 2025?
ONE Gas' diluted EPS was $4.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did ONE Gas generate in fiscal 2025?
ONE Gas generated -$128.4M of free cash flow in fiscal 2025.
What was ONE Gas' revenue last quarter?
In its most recent reported quarter (2026 Q2), ONE Gas reported revenue of $0.
How much debt does ONE Gas have?
ONE Gas reported $2.61B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of ONE Gas are outstanding?
ONE Gas reported a weighted average of 63.0 million basic shares outstanding in 2026 Q2.
What is ONE Gas' market cap?
Based on its latest closing price, ONE Gas (OGS) has a market capitalization of about $4.71B.
When does ONE Gas' fiscal year end?
ONE Gas' fiscal year end, as registered with the SEC, is December 31.
Where is ONE Gas headquartered?
ONE Gas lists its business address in Tulsa, Oklahoma in its SEC filings.