Every 10-Q that One Gas Inc (OGS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow OGS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OGS filings page.
ONE Gas, Inc. reported higher profitability for the three and six months ended June 30, 2026, despite lower revenue. Second‑quarter revenue was $411.6 million versus $423.7 million a year earlier, while net income increased to $46.8 million, or $0.74 diluted EPS, from $32.0 million, or $0.53.
For the first half, revenue was $1,243.3 million compared with $1,359.0 million, but net income rose to $175.5 million and diluted EPS to $2.78 from $151.5 million and $2.51. Operating income improved to $272.2 million, driven mainly by new rates and customer growth, partly offset by higher employee and service costs and weaker weather‑driven volumes.
The company serves about 2.3 million regulated natural‑gas customers in Oklahoma, Kansas, and Texas. It invested $357.9 million year‑to‑date in capital and asset removal and expects about $800 million for 2026, funded largely from operating cash flow, commercial paper, and a $1.5 billion unused credit facility.
ONE Gas, Inc. reported Q1 2026 net income of $128.7 million, or $2.04 diluted EPS, up from $119.4 million and $1.98 a year earlier. Total revenues fell 11% to $831.7 million as natural gas sales and transportation volumes declined, partly due to much warmer weather.
Operating income rose 5% to $189.6 million, driven by $27.3 million of new rate revenue, offset by higher employee and outside services costs and lower volumes. Cash from operations declined to $176.3 million from $277.5 million, mainly from working capital changes, while capital spending and asset removal costs were $169.6 million.
The company entered a $225 million at-the-market equity program and executed forward sale agreements for 237,307 shares. It also received a $64.3 million federal tax refund related to securitization bonds and saw supportive regulatory developments in Kansas and Texas that expand infrastructure cost recovery mechanisms.
ONE Gas (OGS) reported stronger Q3 2025 results. Total revenues were $379.1 million, up 11% year over year, with operating income of $65.4 million (up $5.9 million). Net income rose to $26.5 million, and diluted EPS was $0.44. For the first nine months, revenues reached $1,738.1 million and operating income was $317.7 million, driving net income of $177.9 million and diluted EPS of $2.94.
Growth was driven by $19.2 million from new rates and higher residential sales from customer additions, partly offset by higher depreciation, ad valorem taxes, and employee-related costs. Interest expense declined in Q3, aiding earnings. Liquidity improved with an amended revolving credit facility to $1.5 billion (expanded capacity and extended to October 30, 2030) and a new $250 million 13‑month unsecured term loan. The company declared a quarterly dividend of $0.67 per share. Regulatory updates included an approved $41.1 million Oklahoma base rate increase and Kansas GSRS approval of $7.2 million, with Texas filings advancing. Shares outstanding were 59,999,041 as of October 24, 2025.
Quarterly results: For the three months ended June 30, 2025, ONE Gas reported total revenues of $423,741 (thousands) versus $354,137 in Q2 2024, net income of $32,033 versus $27,243, and diluted EPS of $0.53 versus $0.48. For the six months ended June 30, 2025, total revenues were $1,358,931, net income $151,452 and diluted EPS $2.51.
Balance sheet and liquidity: Total assets were $8,359,141 and total equity $3,184,335 at June 30, 2025. Long-term debt, net, totaled $2,400,627; noncurrent long-term debt was $2,370,863. Commercial paper outstanding was $872.4 million and cash plus restricted cash was $42,721.
Operational and regulatory highlights: YTD capital expenditures were $347,065 and full-year capex is expected to be approximately $750 million. Regulatory actions include PBRC and GSRS filings and approvals in Oklahoma, Kansas and multiple rate filings in Texas. KGSS-I securitization remains on the balance sheet. The company entered forward sale agreements for common stock and declared a $0.67 per share dividend in August 2025.