One Gas Inc. (OGS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.64	$0.82	+28.1%	—	$411.6M	—
Q1 26	$2.16	$2.11	-2.3%	—	$831.7M	—
Q4 25	$1.43	$1.42	-0.7%	—	$689.4M	—
Q3 25	$0.42	$0.44	+4.8%	—	$379.1M	—
Q2 25	$0.53	$0.53	0.0%	—	$423.7M	—
Q1 25	$1.86	$1.98	+6.5%	—	$935.2M	—
Q4 24	$1.33	$1.34	+0.8%	—	$630.7M	—
Q3 24	$0.39	$0.34	-12.8%	—	$340.4M	—
Q2 24	$0.49	$0.48	-2.0%	—	$354.1M	—
Q1 24	$1.76	$1.75	-0.6%	—	$758.3M	—
Q4 23	$1.27	$1.27	0.0%	—	$605.9M	—
Q3 23	$0.42	$0.45	+7.1%	—	$335.8M	—
Q2 23	$0.59	$0.58	-1.7%	—	$398.1M	—
Q1 23	$1.86	$1.84	-1.1%	—	$1B	—
Q4 22	$1.22	$1.23	+0.8%	—	$818.2M	—
Q3 22	$0.42	$0.44	+4.8%	—	$359.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.39	—	—	$2.4B	—
FY24	—	$3.92	—	—	$2.1B	—
FY23	—	$4.16	—	—	$2.4B	—
FY22	—	$4.09	—	—	$2.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.4B	$1.5B	$1.6B	$1.7B	$1.5B	$1.8B	$2.6B	$2.4B	$2.1B	$2.4B
YoY change	-7.79%	+7.88%	+6.11%	+1.16%	-7.41%	+18.2%	+42.5%	-7.99%	-12.2%	+16.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.4B	1.5B	1.6B	1.7B	1.5B	1.8B	2.6B	2.4B	2.1B	2.4B
Cost of revenue	939.1M	1B	1.1B	1.1B	968.6M	1.2B	1.9B	1.6B	1.3B	1.6B
Gross profit	488.1M	525.8M	507.4M	535.6M	561.7M	583.9M	646.7M	729.1M	775.1M	870M
Gross margin	34.2%	34.2%	31.1%	32.4%	36.7%	32.3%	25.1%	30.7%	37.2%	35.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	288.9M	316.7M	288.4M	295.3M	303.5M	310.3M	350M	377.6M	399M	457.5M
Operating margin	20.2%	20.6%	17.7%	17.9%	19.8%	17.2%	13.6%	15.9%	19.2%	18.8%
Non-operating income, net	-19.9M	-14.5M	-11.4M	-3M	-3M	-3.2M	-4.2M	9.5M	7.4M	6.8M
Pretax income	225.3M	256.1M	225.8M	229.6M	238M	246.8M	268.3M	271.7M	259.2M	321.5M
Income tax	85.2M	93.1M	53.5M	42.9M	41.6M	40.3M	46.5M	40.5M	36.4M	57.2M
Net income	140.1M	163M	172.2M	186.7M	196.4M	206.4M	221.7M	231.2M	222.8M	264.2M
Net margin	9.82%	10.6%	10.5%	11.3%	12.8%	11.4%	8.6%	9.75%	10.7%	10.9%
EBITDA	412.9M	454.1M	438.5M	467.4M	490.8M	510.6M	581.5M	662.1M	699.5M	776.5M
EPS	2.67	3.1	3.27	3.53	3.7	3.85	4.09	4.16	3.92	4.39
Diluted EPS	2.65	3.08	3.25	3.51	3.68	3.85	4.08	4.14	3.91	4.37

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	335.8M	605.9M	758.3M	354.1M	340.4M	630.7M	935.2M	423.7M	379.1M	689.4M	831.7M	411.6M
Cost of revenue	192.5M	409M	515.8M	193.7M	190.4M	408.6M	647.8M	248.9M	213.8M	446.9M	540.5M	229.9M
Gross profit	143.3M	196.9M	242.5M	160.4M	150M	222.1M	287.4M	174.8M	165.3M	242.5M	291.2M	181.7M
Gross margin	42.7%	32.5%	32%	45.3%	44.1%	35.2%	30.7%	41.3%	43.6%	35.2%	35%	44.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	57.2M	107.1M	145.9M	69.4M	59.4M	124.3M	180.5M	71.9M	65.4M	139.7M	189.6M	82.7M
Operating margin	17%	17.7%	19.2%	19.6%	17.5%	19.7%	19.3%	17%	17.2%	20.3%	22.8%	20.1%
Non-operating income, net	55K	4.7M	3.5M	832K	3M	105K	518K	2.6M	2.4M	1.3M	-2.1M	5.2M
Pretax income	29.3M	82M	118M	33.3M	23.3M	84.7M	145.3M	39.1M	32.4M	104.6M	155.1M	56.8M
Income tax	4.1M	11.3M	18.7M	6M	4M	7.6M	25.9M	7.1M	5.9M	18.3M	26.5M	10M
Net income	25.2M	70.7M	99.3M	27.2M	19.3M	77M	119.4M	32M	26.5M	86.3M	128.7M	46.8M
Net margin	7.5%	11.7%	13.1%	7.69%	5.66%	12.2%	12.8%	7.56%	6.98%	12.5%	15.5%	11.4%
EBITDA	127M	181.2M	223.8M	142.3M	132.5M	201M	262.6M	151.5M	142.7M	219.8M	265.1M	160M
EPS	0.45	1.27	1.75	0.48	0.34	1.35	1.99	0.53	0.44	1.43	2.05	0.74
Diluted EPS	0.45	1.27	1.75	0.48	0.34	1.34	1.98	0.53	0.44	1.42	2.04	0.74

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.4B	3.8B	4.2B	4.9B	4.1B	4.2B	4.1B	3.5B	3.9B	4.6B	4.5B
Enterprise value	4.7B	5.4B	5.8B	6.7B	6.1B	8.3B	7.3B	6.6B	7.2B	8B	7.9B
Shares outstanding	52.5M	52.5M	52.7M	52.9M	53.1M	53.6M	54.2M	55.6M	56.8M	60.2M	60.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.9	23.6	24.4	26.5	20.8	20.1	18.5	15.3	17.7	17.6	15.3
P/S	2.35	2.5	2.57	2.99	2.67	2.3	1.59	1.49	1.89	1.91	1.94
P/B	1.78	1.96	2.05	2.32	1.83	1.77	1.59	1.28	1.27	1.35	1.26
EV/EBITDA	11.3	11.9	13.1	14.4	12.4	16.3	12.6	9.93	10.3	10.3	10.1
EV/Sales	3.28	3.5	3.52	4.07	3.97	4.6	2.84	2.77	3.46	3.3	3.42
Earnings yield	4.18%	4.24%	4.11%	3.77%	4.82%	4.97%	5.4%	6.53%	5.66%	5.69%	6.52%
FCF yield	-0.55%	-2.67%	1.75%	-2.3%	-2.69%	-49%	23.2%	7.46%	-8.51%	-2.76%	-4.88%
PEG	—	—	—	—	—	—	—	—	—	—	0.39

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	34.2%	34.2%	31.1%	32.4%	36.7%	32.3%	25.1%	30.7%	37.2%	35.8%	44.1%
Operating margin	20.2%	20.6%	17.7%	17.9%	19.8%	17.2%	13.6%	15.9%	19.2%	18.8%	19.8%
Net margin	9.82%	10.6%	10.5%	11.3%	12.8%	11.4%	8.6%	9.75%	10.7%	10.9%	12.5%
ROE	7.42%	8.32%	8.43%	8.77%	8.79%	8.79%	8.58%	8.36%	7.18%	7.68%	8.58%
ROA	2.83%	3.13%	3.15%	3.27%	3.26%	2.46%	2.85%	2.98%	2.64%	2.98%	3.46%
ROIC	5.59%	5.76%	6.1%	6.14%	5.93%	3.98%	4.98%	5.54%	5.38%	5.53%	5.7%
Return on tangible assets	3.03%	3.33%	3.34%	3.46%	3.44%	2.55%	3.25%	3.37%	2.94%	3.27%	3.58%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.28	0.87	0.78	0.58	0.68	2.27	1.02	0.52	0.64	0.6	0.48
Quick ratio	0.92	0.62	0.56	0.4	0.49	2.03	0.74	0.34	0.46	0.42	0.3
Debt / equity	0.71	0.79	0.78	0.85	0.9	1.78	1.25	1.1	1.07	0.98	0.96
Debt / assets	0.27	0.3	0.29	0.32	0.33	0.5	0.42	0.39	0.4	0.38	0.39
Net debt / EBITDA	3.2	3.38	3.57	3.82	4.06	8.16	5.55	4.58	4.68	4.33	4.3
Interest coverage	6.15	6.56	5.4	4.66	4.81	5.09	4.46	3.36	2.76	3.25	3.58
Effective tax rate	37.8%	36.4%	23.7%	18.7%	17.5%	16.3%	17.3%	14.9%	14%	17.8%	17.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	27.2	29.3	31	31.2	28.8	33.8	47.6	42.7	36.7	40.3	37.5
EPS (basic)	2.67	3.1	3.27	3.53	3.7	3.85	4.09	4.16	3.92	4.39	4.39
EPS (diluted)	2.65	3.08	3.25	3.51	3.68	3.85	4.08	4.14	3.91	4.37	4.64
Book value per share	36	37.3	38.8	40.3	42	43.9	47.7	49.7	54.6	57.2	56.3
FCF per share	-0.35	-1.95	1.39	-2.15	-2.06	-38	17.6	4.76	-5.89	-2.13	-2.78
Cash per share	0.28	0.27	0.4	0.34	0.15	0.17	0.18	0.34	1.02	0.18	0.17
Capex per share	—	—	—	—	—	—	—	—	—	11.8	11

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	29.1%	30%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	122.2%	133.9%
Payout ratio	52.3%	54%	56.1%	56.5%	58.2%	60%	60.4%	62.3%	67.1%	60.8%	58.2%
Dividend yield	2.18%	2.29%	2.3%	2.13%	2.8%	2.98%	3.26%	4.07%	3.8%	3.46%	3.8%

Yield

3.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.68

ex-dividend Aug 17, 2026

Payout ratio

58%

of earnings

Dividend growth

11 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.68
May 18, 2026	$0.68
Feb 20, 2026	$0.68
Nov 14, 2025	$0.67
Aug 18, 2025	$0.67

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$335.8M	$605.9M	$758.3M	$354.1M	$340.4M	$630.7M	$935.2M	$423.7M	$379.1M	$689.4M	$831.7M	$411.6M
YoY change	-6.55%	-25.9%	-26.5%	-11%	+1.36%	+4.09%	+23.3%	+19.7%	+11.4%	+9.3%	-11.1%	-2.86%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	14.7M	14.4M	21.3M	17.9M	8M	8.9M	9.7M	18.8M	58M	10.6M
Receivables	290.9M	298.8M	295.4M	250M	293M	341.8M	553.8M	347.9M	408.4M	461.6M
Inventory	159.5M	169.8M	151.6M	160M	146.7M	234.5M	340.1M	264.7M	252.8M	274M
Total current assets	568.9M	589M	543.3M	506.2M	539.9M	2.2B	1.2B	765.2M	929.9M	915.9M
Property, plant & equipment	-1.1B	-1.1B	-1.1B	-1.1B	-1.9B	-2B	-2.1B	-2.2B	-2.3B	-2.5B
Goodwill & intangibles	315.9M	315.9M	315.9M	315.9M	315.9M	315.9M	963.6M	903.1M	847.8M	783.5M
Total assets	4.9B	5.2B	5.5B	5.7B	6B	8.4B	7.8B	7.8B	8.4B	8.9B
Accounts payable	132M	143.7M	174.5M	120.5M	152.3M	258.6M	360.5M	278.1M	261.3M	222.1M
Short-term debt	145M	357.2M	299.5M	516.5M	418.2M	494M	572.7M	888.9M	943.6M	1B
Total current liabilities	443.9M	673.3M	698.9M	872.7M	797.1M	980.5M	1.2B	1.5B	1.5B	1.5B
Long-term debt	1.2B	1.2B	1.3B	1.3B	1.6B	3.7B	2.7B	2.2B	2.4B	2.4B
Total liabilities	3.1B	3.2B	3.4B	3.6B	3.8B	6.1B	5.2B	5B	5.3B	5.4B
Shareholders' equity	1.9B	2B	2B	2.1B	2.2B	2.3B	2.6B	2.8B	3.1B	3.4B
Total debt	1.3B	1.6B	1.6B	1.8B	2B	4.2B	3.2B	3B	3.3B	3.4B
Net debt	1.3B	1.5B	1.6B	1.8B	2B	4.2B	3.2B	3B	3.3B	3.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	9.2M	18.8M	11.5M	10.7M	18.8M	58M	19.3M	20.5M	9M	10.6M	11.4M	7.9M
Receivables	177.5M	347.9M	324.5M	193.3M	176.2M	408.4M	446.8M	263.1M	210.2M	461.6M	405.2M	250.9M
Inventory	279.3M	264.7M	190.8M	224.8M	275.2M	252.8M	156.7M	230M	295.5M	274M	216.9M	254.9M
Total current assets	564.4M	765.2M	663.7M	600.2M	690.5M	929.9M	756.2M	681.3M	679.2M	915.9M	796.6M	661.8M
Property, plant & equipment	-2.3B	-2.2B	-2.4B	-2.4B	-2.4B	-2.3B	-2.5B	-2.5B	-2.6B	-2.5B	-2.6B	-2.7B
Goodwill & intangibles	920.1M	903.1M	888.4M	873.8M	860.9M	847.8M	832.4M	813.8M	798.9M	783.5M	768.6M	753.9M
Total assets	7.4B	7.8B	7.8B	7.8B	8B	8.4B	8.3B	8.4B	8.5B	8.9B	8.8B	8.8B
Accounts payable	168.6M	278.1M	196.6M	165M	146.8M	261.3M	175.9M	131M	121.1M	222.1M	137.6M	111M
Short-term debt	1.1B	888.9M	981.6M	1.1B	980.4M	943.6M	841.7M	902.2M	1B	1B	1B	1.1B
Total current liabilities	1.6B	1.5B	1.4B	1.5B	1.4B	1.5B	1.3B	1.3B	1.5B	1.5B	1.4B	1.4B
Long-term debt	1.9B	2.2B	2.1B	2.1B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.3B	2.3B
Total liabilities	4.8B	5B	4.9B	5B	5.2B	5.3B	5.1B	5.2B	5.3B	5.4B	5.3B	5.3B
Shareholders' equity	2.6B	2.8B	2.8B	2.8B	2.8B	3.1B	3.2B	3.2B	3.2B	3.4B	3.5B	3.5B
Total debt	3B	3B	3.1B	3.2B	3.4B	3.3B	3.2B	3.3B	3.4B	3.4B	3.4B	3.4B
Net debt	3B	3B	3.1B	3.2B	3.3B	3.3B	3.2B	3.3B	3.4B	3.4B	3.4B	3.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	140.1M	163M	172.2M	186.7M	196.4M	206.4M	221.7M	231.2M	222.8M	264.2M
Depreciation & amortization	143.8M	151.9M	160.1M	180.4M	194.9M	207.2M	228.5M	279.8M	296.7M	317.3M
Stock-based compensation	11.2M	8.9M	8.2M	9.3M	9.8M	10.5M	10.7M	12.2M	13.7M	14.8M
Change in working capital	-93.5M	-168.4M	59.1M	-40.9M	-45.5M	-2B	-169M	256M	-226M	-22.8M
Operating cash flow	235M	195.3M	400M	301M	333.2M	-1.5B	1.6B	939.4M	354.9M	578.8M
Capital expenditure	—	—	—	—	—	—	—	—	—	-707.2M
Investing cash flow	492K	618K	—	1.4M	3.8M	1.7M	4M	5.5M	-4.3M	-715.3M
Dividends paid	-73.2M	-88M	-96.6M	-105.4M	-114.4M	-123.9M	-134M	-144.1M	-149.5M	-160.7M
Share repurchases	-24.1M	-17.5M	0	0	—	—	—	—	—	—
Financing cash flow	30.2M	101.7M	-124M	326.1M	-2.3M	2B	-947.5M	-248.6M	378.2M	91.7M
Net change in cash	265.7M	297.7M	276M	628.6M	334.7M	491.3M	610.1M	696.3M	728.8M	-44.8M
Free cash flow	-18.5M	-102.6M	73.2M	-114M	-109.6M	-2B	952.7M	264.4M	-334.8M	-128.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	25.2M	70.7M	99.3M	27.2M	19.3M	77M	119.4M	32M	26.5M	86.3M	128.7M	46.8M
Depreciation & amortization	68.4M	72.6M	76.6M	72.5M	72.1M	75.5M	81.7M	79.3M	76.9M	79.3M	76.8M	76.2M
Stock-based compensation	3M	2.9M	3.1M	3.6M	3.7M	3.3M	3.7M	3.9M	3.8M	3.5M	3.8M	4.3M
Change in working capital	-4.8M	-49.8M	-71.7M	60.6M	-101.4M	-113.5M	60M	77.9M	-28M	-132.8M	-41.8M	101M
Operating cash flow	78.4M	93.2M	111M	151M	37.1M	55.9M	272.9M	171.3M	87M	43M	176.3M	211M
Capital expenditure	—	—	—	—	—	—	—	-182.1M	-196.3M	-159.7M	-159.2M	-177.5M
Investing cash flow	1.7M	1.4M	2M	946K	2.1M	-9.5M	1.2M	-180.7M	-195.3M	-171.5M	-154.1M	-175.6M
Dividends paid	-36M	-36M	-37.3M	-37.3M	-37.4M	-37.4M	-40.2M	-40.2M	-40.2M	-40.2M	-42.7M	-42.7M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-172.1M	329.6M	26M	54.5M	-131.8M	172.4M	-277.2M	137.5M	-163.6M	141.4M	-48.3M	-16.3M
Net change in cash	-92.1M	424.2M	139M	206.4M	-92.5M	218.8M	-3.1M	128.2M	-271.9M	12.9M	-26.1M	19M
Free cash flow	-75.9M	-84.6M	-59.7M	-34.1M	-127.7M	-113.2M	108.4M	-10.8M	-109.3M	-116.7M	17.1M	33.5M

One Gas Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement