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OGS on NYSE

ONE Gas

American publicly traded natural gas utility

One Gas, Inc. is a stand-alone, 100 percent regulated, publicly traded natural gas utility and is one of the largest natural gas utilities in the United States. One Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas. Headquartered in Tulsa, Oklahoma, it comprises three operating companies–Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service.3 Its shares trade on NYSE under the symbol OGS.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2014Founded1

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  • TickerOGS on NYSE1
  • Industrypublic utility1
  • HeadquartersTulsa1
  • Websitewww.onegas.com
  • Incorporated inOK5
  • Business address15 East Fifth Street, Tulsa, Ok 741035
  • Filer categoryLarge accelerated filer5
  • Legal formProfit Corporation4
  • LEI549300HXDWI0LATTX8404
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O C T CORPORATION SYSTEM, 73128 Oklahoma City, United States4
  • Registered withBusiness Filing Department (Oklahoma Secretary of State), 19124188104

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One Gas, Inc. is a stand-alone, 100 percent regulated, publicly traded natural gas utility and is one of the largest natural gas utilities in the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

13.6%Operating margin6
8.6%Net margin6
42.5%Revenue growth, 20227
8.6%Return on equity8
1.03×Debt to equity9
$961.4MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue57¢$1.5B
  • Other costs30¢$773.1M
  • Interest3¢$77.5M
  • Income tax2¢$46.5M
  • Profit9¢$221.7M

Out of $2.6B in revenue.76

Where each dollar of operating cash went, fiscal 2022

  • Capital spending39¢$609.5M
  • Dividends paid9¢$134.0M
  • Kept or used elsewhere53¢$827.4M

Out of $1.6B of cash from operations.6

Financial statements

Revenue107$2.6B in 2022+56% since 2019
0$1.0B$2.0B$3.0B2019: $1.7B$1.7B20192020: $1.5B$1.5B2020−7%2021: $1.8B$1.8B2021+18%2022: $2.6B$2.6B2022+43%
Operating income10796$350.0M in 2022+19% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $295.3M$295.3M20192020: $303.5M$303.5M2020+3%2021: $310.3M$310.3M2021+2%2022: $350.0M$350.0M2022+13%
Net income10796$221.7M in 2022+19% since 2019
0$100.0M$200.0M$300.0M2019: $186.7M$186.7M20192020: $196.4M$196.4M2020+5%2021: $206.4M$206.4M2021+5%2022: $221.7M$221.7M2022+7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Regulated Operating Revenue$2.4B$2.1B$2.4B
Cost of natural gas$998.9M$778.3M$1.1B
Operations and maintenance$558.5M$530.3M$508.4M
Depreciation and amortization$317.3M$296.7M$279.8M
General taxes$95.3M$79.4M$71.7M
Total operating expenses$971.0M$906.3M$859.9M
Operating income$457.5M$398.9M$377.6M
Other Nonoperating Income (Expense)$6.8M$7.6M$9.5M
Interest expense, net-$142.8M-$147.2M-$115.3M
Income before income taxes$321.5M$259.2M$271.7M
Income taxes-$57.2M-$36.4M-$40.5M
Net income$264.2M$222.8M$231.2M
Basic$4.39$3.92$4.16
Diluted$4.37$3.91$4.14
Basic60.2M shares56.8M shares55.6M shares
Diluted60.5M shares57.0M shares55.9M shares
Common Stock, Dividends, Per Share, Declared$2.68$2.64$2.60

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Corporate structure

ONE Gas sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ONE Gas

  • ONE Gas Tulsa, Oklahoma, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ONE Gas reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$7.1B8 Dec 31, 2025$6.6B8 Dec 31, 2024+7.2%
Operating-lease assets (leased space)$13.3M8 Dec 31, 2025$17.5M8 Dec 31, 2024−24.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.6M8 Dec 31, 2025$58.0M8 Dec 31, 2024−81.7%
Marketable securities, current$08 Dec 31, 2025$45.4M8 Dec 31, 2024−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$158.0M8 Dec 31, 2025$158.0M8 Dec 31, 20240%

Properties, in its own words

The following table sets forth the approximate miles of distribution mains and transmission pipelines we own as of December 31, 2025:

Properties (miles) · OK · KS · TX · Total

The rest of Item 2

Distribution · 19,900 · 11,900 · 11,400 · 43,200

Transmission · 500 · 1,500 · 200 · 2,200

Total properties · 20,400 · 13,400 · 11,600 · 45,400

We lease approximately 363,000 square feet of office space and other facilities for our operations. In addition, we have 60.8 Bcf of natural gas storage capacity under contract, with maximum allowable daily withdrawal capacity of approximately 1.8 Bcf.

Item 2 of the 10-K filed Feb 19, 2026.15

Leadership

Who has led ONE Gas, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Pierce Norton2014–2015

President

  1. Pierce Norton2014–2015

Chief financial officer

  1. Curtis Dinan2014–2015
201520202025
Board members and other officers (24)

Products and brands

  • natural gas

Listed on Wikidata.1

Timeline

  1. Sep 29, 20268-K Regulation FD disclosure41
  2. Sep 25, 20268-K Regulation FD disclosure42
  3. Sep 8, 20268-K Regulation FD disclosure43
  4. Aug 13, 20268-K Entered a material agreement; New debt or obligation44
  5. Aug 4, 20268-K Bylaws or fiscal year changed45
  6. Aug 4, 20268-K Results of operations; Regulation FD disclosure; Other events46
  7. Jul 13, 20268-K Executive or director change; Regulation FD disclosure47
  8. Jul 8, 20268-K Regulation FD disclosure48
  9. May 27, 20268-K Shareholder vote49
  10. May 26, 20268-K Regulation FD disclosure50
  11. May 12, 20268-K Regulation FD disclosure51
  12. May 4, 20268-K Results of operations; Regulation FD disclosure; Other events52
  13. Mar 5, 2014New chief executive Pierce Norton becomes CEO16
  14. Feb 3, 2014Went public Listed on NYSE1
  15. 2014Founded Founded1

Calendar

Coming up

  1. Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.44 a share, on Nov 3, 2025.53

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results46
  2. May 4, 2026Reported quarterly or annual results52
  3. Feb 18, 2026Reported quarterly or annual results54
  4. Nov 3, 2025Reported quarterly or annual results55
  5. Aug 5, 2025Reported quarterly or annual results56
  6. May 5, 2025Reported quarterly or annual results57
  7. Feb 19, 2025Reported quarterly or annual results58
  8. Nov 4, 2024Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

357 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 136 major events, 102 insider forms, 29 large holders, 70 other. The latest 20:

  1. Sep 29, 20268-K EDGAR
  2. Sep 25, 20268-K EDGAR
  3. Sep 8, 20268-K EDGAR
  4. Aug 13, 20264 EDGAR
  5. Aug 13, 20268-K EDGAR
  6. Aug 12, 2026424B5 EDGAR
  7. Aug 11, 2026FWP EDGAR
  8. Aug 11, 2026424B5 EDGAR
  9. Aug 7, 2026SCHEDULE 13G EDGAR
  10. Aug 5, 202610-Q EDGAR
  11. Aug 4, 20268-K EDGAR
  12. Aug 4, 20268-K EDGAR
  13. Jul 23, 20263 EDGAR
  14. Jul 13, 20268-K EDGAR
  15. Jul 8, 20268-K EDGAR
  16. Jun 25, 202611-K EDGAR
  17. Jun 10, 20264 EDGAR
  18. Jun 4, 20264 EDGAR
  19. Jun 4, 20264 EDGAR
  20. May 27, 20268-K EDGAR

The 357 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 0 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 6, 2026RODRIGUEZ EDUARDO ADirectorSale850$86.34$73.4KForm 4
Feb 24, 2026Brumfield Brian F.See RemarksSale1,000$86.44$86.4KForm 4
Dec 4, 2025Hutchinson Michael GDirectorSale3,000$78.86$236.6KForm 4
Mar 18, 2025Hutchinson Michael GDirectorSale1,200$74.03$88.8KForm 4
Dec 9, 2022Hutchinson Michael GDirectorSale1,000$76.95$77.0KForm 4
Sep 27, 2022RODRIGUEZ EDUARDO ADirectorSale800$76.58$61.3KForm 4
Mar 11, 2022Hutchinson Michael GDirectorSale750$86.12$64.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Robert S. McAnnallyPresident and Chief Executive Officer62$925.0K$5.6M68
2025Curtis L. DinanSenior Vice President and Chief Operating Officer$530.0K$2.6M68
2025Christopher P. SighinolfiSenior Vice President and Chief Financial Officer$450.0K$1.7M68
2025Joseph L. McCormickSenior Vice President, General Counsel and Assistant Secretary$424.4K$1.6M68
2025W. Kent ShortridgeSenior Vice President, Operations and Customer Service$318.0K$1.1M68
2025Mark A. BenderSenior Vice President, Administration and Chief Information Officer$350.0K$1.0M68
2024Robert S. McAnnallyPresident and Chief Executive Officer62$850.0K$5.2M68
2024Curtis L. DinanSenior Vice President and Chief Operating Officer$500.0K$2.0M68
2024Joseph L. McCormickSenior Vice President, General Counsel and Assistant Secretary$430.0K$1.6M68
2024Christopher P. SighinolfiSenior Vice President and Chief Financial Officer$400.0K$1.5M68
2024Mark A. BenderSenior Vice President, Administration and Chief Information Officer$330.0K$982.9K68
2023Robert S. McAnnallyPresident and Chief Executive Officer62$735.0K$4.5M68
2023Curtis L. DinanSenior Vice President and Chief Operating Officer$500.0K$2.4M68
2023Joseph L. McCormickSenior Vice President, General Counsel and Assistant Secretary$430.0K$1.5M68
2023Mark A. BenderSenior Vice President, Administration and Chief Information Officer$330.0K$997.0K68

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,099,077$701.3M0.0%−15,999
Vanguard Portfolio Management LLC3,716,434$286.4M0.0%+126,441
American Century Companies Inc3,543,229$273.1M0.1%+167,836
State Street Corp3,268,798$251.9M0.0%+231,913
Vanguard Capital Management LLC2,821,399$217.4M0.0%+45,394
Geode Capital Management, LLC1,957,673$150.9M0.0%+376,808
Energy Income Partners, LLC1,763,956$135.9M2.1%+432,880
Alliancebernstein L.P.1,484,889$127.9M0.0%−30,946
Aqr Capital Management LLC1,119,752$86.3M0.0%+613,651
Earnest Partners LLC1,110,347$85.6M0.3%−42,781
Boston Trust Walden Corp1,045,444$80.6M0.6%−40,815
Dimensional Fund Advisors LP1,030,076$79.4M0.0%+18,693
Morgan Stanley1,022,683$78.8M0.0%+139,084
Norges Bank879,121$67.8M0.0%New
Northern Trust Corp845,290$65.1M0.0%+116,423
Goldman Sachs Group Inc807,222$62.2M0.0%−137,569
Qube Research & Technologies Ltd794,066$61.2M0.1%−72,176
Charles Schwab Investment Management Inc766,365$59.1M0.0%+10,913
Bank of New York Mellon Corp730,608$56.3M0.0%−33,269
Franklin Resources Inc718,962$55.4M0.0%−1,225
Victory Capital Management Inc693,785$53.5M0.0%+49,619
Wellington Management Group Llp650,349$50.1M0.0%−1,954,954
ExodusPoint Capital Management, LP627,285$48.3M0.4%+372,573
Duff & Phelps Investment Management Co576,000$44.4M0.4%No change
First Trust Advisors LP572,032$44.1M0.0%+19,681

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+75.9%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseBuy$1,001 - $15,000−97.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How ONE Gas is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARONE Gas, Inc.2
  • CIK0001587732
  • Employer ID (EIN)46-356193615
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company15
  • Incorporated inOklahoma15
  • Fiscal year endsDecember 312
  • Industry code (SIC)4924 Natural Gas Distribution2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address15 East Fifth Street, Tulsa, OK 741032
  • Phone918-947-70002
  • Shares outstanding62,856,270 as of Jul 24, 202612
  • Public float$4.2B as of Jun 30, 202515
  • AuditorPricewaterhouseCoopers LLP, Tulsa, Oklahoma PCAOB ID 238; it also attests to the company’s internal control over financial reporting15
  • On EDGAR sinceOct 1, 20132
  • Filings994 in all: 4 (381), 8-K (325), SC 13G/A (40), 10-Q (38), 3 (25), 424B5 (23), 10-K (13), CORRESP (13)2
    All 38 form types

    11-K (12), 4/A (12), DEF 14A (12), DEFA14A (11), FWP (11), UPLOAD (11), S-3ASR (10), SC 13G (6), SCHEDULE 13G (6), SCHEDULE 13G/A (6), S-8 (5), 10-12B/A (4), ARS (4), SF-1/A (4), 144 (3), 8-K/A (3), EFFECT (2), S-4/A (2), 10-12B (1), 10-K/A (1), 10-Q/A (1), 424B1 (1), 424B3 (1), 8-A12B (1), CERT (1), CERTNYS (1), PRE 14A (1), S-4 (1), S-8 POS (1), SF-1 (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareOGSNew York Stock Exchange

From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).15

Risk factors and legal proceedings

The risks ONE Gas names in Item 1A of its 10-K filed Feb 19, 2026: 14 risks under these headings, as written.15

  • OPERATIONAL RISKS
  • We may be unable to attract and retain management and professional and technical employees, or we may experience workforce disruptions due to strikes or work stoppages by our unionized employees, which could adversely impact our operations, earnings, and cash flows.
  • The unavailability of adequate natural gas pipeline transportation and storage capacity or a decrease in natural gas supply may decrease and impair our ability to meet customers’ natural gas requirements, and our financial condition may be adversely affected.
  • Our business increasingly relies on technology, the failure of which may adversely affect our financial results and cash flows.
  • The occurrence of cyber breaches or physical security attacks on our business, or those of third parties, may disrupt or adversely affect our operations or result in the loss or misuse of confidential and proprietary information.
  • We are subject to various risks associated with climate change which could increase our operating costs or restrict our opportunities in new or existing markets, adversely affecting our financial results, growth, cash flows, and results of operations.
  • REGULATORY AND LEGISLATIVE RISKS
  • We are subject to the federal, state, and local regulation of the safety of our systems and operations, including pipeline safety, system integrity, and the safety of our employees and facilities that may require significant expenditures or, in the case of noncompliance, substantial fines or penalties.
  • We are subject to federal, state, and local laws, rules, and regulations that could impact our ability to earn a reasonable rate of return on our invested capital and to fully recover our invested capital, operating costs, and natural gas costs.
  • We are subject to environmental regulations and legislation, including those intended to address climate change, which could increase our operating costs, adversely affecting our financial results, growth, cash flows, and results of operations.
  • We are subject to federal, state, and local laws, rules and regulations that could affect our operations and financial results.
  • FINANCIAL, ECONOMIC, AND MARKET RISKS
The other 5 risks
  • Unfavorable economic and market conditions could adversely affect our financial condition, earnings, cash flows, and limit our future growth.
  • Our business activities are concentrated in three states.
  • The inability to access capital or significant increases in the cost of capital could adversely affect our results of operations, cash flows, and financial condition.
  • Our financing arrangements subject us to various restrictions that could limit our operating flexibility, earnings, and cash flows.
  • We may pursue acquisitions, divestitures, and other strategic opportunities which, if not successful, may adversely impact our results of operations, cash flows, and financial condition.

Legal proceedings

See Note 15 of the Notes to Consolidated Financial Statements in this Annual Report for information regarding legal proceedings.

The opening of Item 3, Legal Proceedings.15

Sources

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