Schedule 13G: State Street Reports 2.99M Shares in One Gas (OGS)

Rhea-AI Filing Summary

State Street Corporation reported a passive institutional stake in One Gas Inc. The filing shows ownership of 2,995,144 shares, representing 4.8% of the class. State Street discloses no sole voting or dispositive power and instead reports shared voting power of 2,756,191 shares and shared dispositive power of 2,995,144 shares.

The filing states the securities are held in the ordinary course of business and not for the purpose of influencing control. Several State Street Global Advisors subsidiaries are listed as relevant investment managers that acquired the reported holdings.

Insights

Financial Analyst

TL;DR: Institutional ownership of 4.8% is notable but below the 5% threshold for larger regulatory implications.

State Street’s position of 2,995,144 shares (4.8%) places it among meaningful institutional holders without crossing the common 5% filing threshold for some investor actions. The reported shared voting and dispositive powers and zero sole powers are consistent with an asset manager or custodial arrangement rather than a control stake. For investors, this filing documents ownership concentration but does not, on its face, signal a change in control or an activist intent.

Corporate Governance Expert

TL;DR: The filing reads as a passive, non-control disclosure by a holding company and its advisory subsidiaries.

The schedule classifies the reporting person as HC and lists multiple State Street Global Advisors entities as acquiring subsidiaries, indicating portfolio management activity across funds or accounts. The certification that the shares are held in the ordinary course and not to influence control aligns with a Schedule 13G passive disclosure. The shared voting power of 2,756,191 suggests delegation of voting to pooled accounts or clients rather than unilateral control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ONE GAS INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

68235P108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 68235P108

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,756,191.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,995,144.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,995,144.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ONE GAS INC
(b)	Address of issuer's principal executive offices: 15 EAST 5TH STREET , TULSA, OKLAHOMA, 74103
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 68235P108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2995144.00
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,756,191
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,995,144
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS ASIA LIMITED (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

How many One Gas (OGS) shares does State Street report owning?

State Street reports owning 2,995,144 shares of One Gas, equal to 4.8% of the class.

Does State Street have sole voting or dispositive power over OGS shares?

No. The filing shows 0 shares with sole voting power and 0 shares with sole dispositive power; voting and dispositive powers are reported as shared.

What voting and dispositive powers does State Street report for OGS?

State Street reports shared voting power of 2,756,191 shares and shared dispositive power of 2,995,144 shares.

Is State Street indicating an intent to influence control of One Gas (OGS)?

No. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to influence control of the issuer.

Which State Street subsidiaries are identified as involved in the holdings?

The filing lists subsidiaries such as SSGA Funds Management, State Street Global Advisors Asia Limited, State Street Global Advisors Europe Limited, among others.