One Gas Inc Financials

OGS

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows One Gas Inc (OGS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

One Gas Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.65x

For every $1 of reported earnings, One Gas Inc generates $1.65 in operating cash flow ($368.4M OCF vs $222.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.7x

One Gas Inc earns $2.7 in operating income for every $1 of interest expense ($399.0M vs $147.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

-$334.8M

YoY-222.7%

One Gas Inc generated -$334.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 222.7% from the prior year.

Net Income

$222.8M

YoY-3.6%

5Y CAGR+3.6%

10Y CAGR+7.3%

One Gas Inc reported $222.8M in net income in fiscal year 2024. This represents a decrease of 3.6% from the prior year.

EPS (Diluted)

$3.91

YoY-5.6%

5Y CAGR+2.2%

10Y CAGR+6.6%

One Gas Inc earned $3.91 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 5.6% from the prior year.

Cash & Debt

$58.0M

YoY+207.9%

5Y CAGR+26.6%

10Y CAGR+17.1%

One Gas Inc held $58.0M in cash against $2.4B in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.64

YoY+1.5%

5Y CAGR+5.7%

10Y CAGR+12.1%

One Gas Inc paid $2.64 per share in dividends in fiscal year 2024. This represents an increase of 1.5% from the prior year.

Shares Outstanding

60M

YoY+5.9%

5Y CAGR+2.6%

10Y CAGR+1.4%

One Gas Inc had 60M shares outstanding in fiscal year 2024. This represents an increase of 5.9% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

7.2%

YoY-1.2pp

5Y CAGR-1.6pp

10Y CAGR+1.1pp

One Gas Inc's ROE was 7.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$703.2M

YoY+5.5%

5Y CAGR+11.0%

10Y CAGR+9.0%

One Gas Inc invested $703.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 5.5% from the prior year.

OGS Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	$2.6B+42.5%	$1.8B+18.2%	$1.5B-7.4%	$1.7B
Cost of Revenue	$778.3M-31.4%	$1.1B-22.2%	$1.5B+88.3%	$775.0M+44.2%	$537.4M	N/A
Gross Profit	N/A	N/A	$1.1B+8.3%	$1.0B+4.1%	$992.8M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$399.0M+5.7%	$377.6M+7.9%	$350.0M+12.8%	$310.3M+2.2%	$303.5M+2.8%	$295.3M
Interest Expense	$147.2M+27.7%	$115.3M+48.8%	$77.5M+28.5%	$60.3M-3.5%	$62.5M-0.3%	$62.7M
Income Tax	$36.4M-10.1%	$40.5M-13.0%	$46.5M+15.4%	$40.3M-3.0%	$41.6M-3.0%	$42.9M
Net Income	$222.8M-3.6%	$231.2M+4.3%	$221.7M+7.4%	$206.4M+5.1%	$196.4M+5.2%	$186.7M
EPS (Diluted)	$3.91-5.6%	$4.14+1.5%	$4.08+6.0%	$3.85+4.6%	$3.68+4.8%	$3.51

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	$76.6M+28.5%	$59.6M	N/A	$70.9M	N/A	$126.2M	N/A	$59.4M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$65.4M+10.0%	$59.4M	N/A	$57.2M	N/A	$47.1M	N/A	$41.8M
Interest Expense	$35.4M-9.6%	$39.1M	N/A	$28.0M	N/A	$19.6M	N/A	$15.4M
Income Tax	$5.9M+47.1%	$4.0M	N/A	$4.1M	N/A	$4.6M	N/A	$4.4M
Net Income	$26.5M+37.4%	$19.3M	N/A	$25.2M	N/A	$23.7M	N/A	$20.3M
EPS (Diluted)	$0.44+29.4%	$0.34	N/A	$0.45	N/A	$0.44	N/A	$0.38

OGS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$8.4B+8.4%	$7.8B-0.1%	$7.8B-7.4%	$8.4B+39.4%	$6.0B+5.6%	$5.7B
Current Assets	$929.9M+21.5%	$765.2M-37.2%	$1.2B-45.3%	$2.2B+312.1%	$539.9M+6.7%	$506.2M
Cash & Equivalents	$58.0M+207.9%	$18.8M+94.6%	$9.7M+9.4%	$8.9M+10.7%	$8.0M-55.2%	$17.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M
Total Liabilities	$5.3B+6.3%	$5.0B-3.6%	$5.2B-14.2%	$6.1B+59.5%	$3.8B+6.0%	$3.6B
Current Liabilities	$1.5B-1.3%	$1.5B+24.2%	$1.2B+21.3%	$980.5M+23.0%	$797.1M-8.7%	$872.7M
Long-Term Debt	$2.4B+10.4%	$2.2B-18.8%	$2.7B-27.7%	$3.7B+132.8%	$1.6B+23.0%	$1.3B
Total Equity	$3.1B+12.2%	$2.8B+7.0%	$2.6B+10.0%	$2.3B+5.2%	$2.2B+4.9%	$2.1B
Retained Earnings	$809.6M+9.7%	$737.7M+13.2%	$651.9M+15.3%	$565.2M+16.9%	$483.6M+20.2%	$402.5M

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Total Assets	$8.5B+0.9%	$8.4B+8.4%	$7.8B+4.6%	$7.4B-4.4%	$7.8B+6.2%	$7.3B-12.9%	$8.4B+3.3%	$8.1B
Current Assets	$679.2M-27.0%	$929.9M+21.5%	$765.2M+35.6%	$564.4M-53.6%	$1.2B+27.0%	$958.4M-56.9%	$2.2B+195.5%	$752.9M
Cash & Equivalents	$9.0M-84.4%	$58.0M+207.9%	$18.8M+104.9%	$9.2M-5.1%	$9.7M-6.6%	$10.4M+17.1%	$8.9M+36.9%	$6.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M0.0%	$158.0M
Total Liabilities	$5.3B0.0%	$5.3B+6.3%	$5.0B+4.6%	$4.8B-7.8%	$5.2B+6.5%	$4.9B-19.5%	$6.1B+4.0%	$5.8B
Current Liabilities	$1.5B-0.3%	$1.5B-1.3%	$1.5B-6.0%	$1.6B+32.1%	$1.2B+7.7%	$1.1B+12.7%	$980.5M+36.2%	$720.1M
Long-Term Debt	$2.4B-1.2%	$2.4B+10.4%	$2.2B+16.0%	$1.9B-30.0%	$2.7B+9.6%	$2.4B-34.1%	$3.7B0.0%	$3.7B
Total Equity	$3.2B+2.5%	$3.1B+12.2%	$2.8B+4.5%	$2.6B+2.4%	$2.6B+5.6%	$2.4B+4.1%	$2.3B+1.5%	$2.3B
Retained Earnings	$863.8M+6.7%	$809.6M+9.7%	$737.7M+4.9%	$703.4M+7.9%	$651.9M+5.4%	$618.7M+9.5%	$565.2M+5.4%	$536.0M

OGS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$368.4M-60.8%	$939.5M-40.2%	$1.6B+202.3%	-$1.5B-521.3%	$364.5M+17.4%	$310.3M
Capital Expenditures	$703.2M+5.5%	$666.6M+9.4%	$609.5M+23.1%	$495.2M+5.1%	$471.3M+12.9%	$417.3M
Free Cash Flow	-$334.8M-222.7%	$272.9M-71.6%	$961.4M+147.3%	-$2.0B-1800.8%	-$106.8M+0.1%	-$107.0M
Investing Cash Flow	-$707.5M-5.7%	-$669.6M-9.0%	-$614.1M-22.6%	-$501.1M-6.5%	-$470.4M-11.2%	-$422.9M
Financing Cash Flow	$378.2M+252.1%	-$248.6M+73.8%	-$947.5M-146.5%	$2.0B+2022.2%	$96.0M-12.0%	$109.1M
Dividends Paid	$149.5M+3.7%	$144.1M+7.6%	$134.0M+8.1%	$123.9M+8.3%	$114.4M+8.5%	$105.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Operating Cash Flow	$87.0M+38.9%	$62.6M-35.4%	$97.0M+3.4%	$93.8M+524.5%	$15.0M-98.8%	$1.3B+4992.9%	$24.9M+48.6%	$16.8M
Capital Expenditures	$192.4M+7.1%	$179.6M+1.9%	$176.3M+4.9%	$168.1M-14.7%	$197.0M+22.0%	$161.5M+9.4%	$147.5M+12.9%	$130.7M
Free Cash Flow	-$105.4M+9.9%	-$116.9M-47.5%	-$79.3M-6.7%	-$74.3M+59.2%	-$182.0M-116.4%	$1.1B+1003.3%	-$122.6M-7.7%	-$113.9M
Investing Cash Flow	-$195.3M-5.4%	-$185.3M-2.8%	-$180.2M-7.3%	-$168.0M+16.8%	-$201.9M-25.6%	-$160.7M-6.0%	-$151.7M-16.5%	-$130.3M
Financing Cash Flow	$86.4M-49.9%	$172.4M+64.9%	$104.6M+97.6%	$52.9M-72.8%	$194.6M+117.6%	-$1.1B-955.9%	$129.1M+244.9%	-$89.1M
Dividends Paid	$40.2M+7.5%	$37.4M+3.7%	$36.0M0.0%	$36.0M+7.4%	$33.6M0.0%	$33.6M+8.0%	$31.1M+0.1%	$31.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

OGS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	43.4%-13.8pp	57.1%-7.7pp	64.9%	N/A
Operating Margin	N/A	N/A	13.6%-3.6pp	17.2%-2.7pp	19.8%+2.0pp	17.9%
Net Margin	N/A	N/A	8.6%-2.8pp	11.4%-1.4pp	12.8%+1.5pp	11.3%
Return on Equity	7.2%-1.2pp	8.4%-0.2pp	8.6%-0.2pp	8.8%0.0pp	8.8%+0.0pp	8.8%
Return on Assets	2.6%-0.3pp	3.0%+0.1pp	2.9%+0.4pp	2.5%-0.8pp	3.3%-0.0pp	3.3%
Current Ratio	0.64+0.1	0.52-0.5	1.02-1.2	2.27+1.6	0.68+0.1	0.58
Debt-to-Equity	0.77-0.0	0.78-0.2	1.03-0.5	1.57+0.9	0.71+0.1	0.60
FCF Margin	N/A	N/A	37.3%+149.6pp	-112.3%-105.3pp	-7.0%-0.5pp	-6.5%

Metric	Q3'25	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22	Q4'21	Q3'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	0.8%+0.1pp	0.7%	N/A	0.9%	N/A	1.0%	N/A	0.9%
Return on Assets	0.3%+0.1pp	0.2%	N/A	0.3%	N/A	0.3%	N/A	0.3%
Current Ratio	0.47-0.2	0.64+0.1	0.52+0.2	0.36-0.7	1.02+0.2	0.87-1.4	2.27+1.2	1.05
Debt-to-Equity	0.74-0.0	0.77-0.0	0.78+0.1	0.70-0.3	1.03+0.0	0.99-0.6	1.57-0.0	1.59
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is One Gas Inc profitable?

Yes, One Gas Inc (OGS) reported a net income of $222.8M in fiscal year 2024.

What is One Gas Inc's earnings per share (EPS)?

One Gas Inc (OGS) reported diluted earnings per share of $3.91 for fiscal year 2024. This represents a -5.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does One Gas Inc have?

As of fiscal year 2024, One Gas Inc (OGS) had $58.0M in cash and equivalents against $2.4B in long-term debt.

Does One Gas Inc pay dividends?

Yes, One Gas Inc (OGS) paid $2.64 per share in dividends during fiscal year 2024.

What is One Gas Inc's return on equity (ROE)?

One Gas Inc (OGS) has a return on equity of 7.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is One Gas Inc's free cash flow?

One Gas Inc (OGS) generated -$334.8M in free cash flow during fiscal year 2024. This represents a -222.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is One Gas Inc's operating cash flow?

One Gas Inc (OGS) generated $368.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are One Gas Inc's total assets?

One Gas Inc (OGS) had $8.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are One Gas Inc's capital expenditures?

One Gas Inc (OGS) invested $703.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does One Gas Inc have outstanding?

One Gas Inc (OGS) had 60M shares outstanding as of fiscal year 2024.

What is One Gas Inc's current ratio?

One Gas Inc (OGS) had a current ratio of 0.64 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is One Gas Inc's debt-to-equity ratio?

One Gas Inc (OGS) had a debt-to-equity ratio of 0.77 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is One Gas Inc's return on assets (ROA)?

One Gas Inc (OGS) had a return on assets of 2.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is One Gas Inc's Piotroski F-Score?

One Gas Inc (OGS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are One Gas Inc's earnings high quality?

One Gas Inc (OGS) has an earnings quality ratio of 1.65x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can One Gas Inc cover its interest payments?

One Gas Inc (OGS) has an interest coverage ratio of 2.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.