ONE Gas Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ONE Gas Inc reported net income of $264.2M (+18.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Regulated Operating Revenue | $2.4B | $2.1B | $2.4B | — |
| Cost of natural gas | $998.9M | $778.3M | $1.1B | $1.5B |
| Operations and maintenance | $558.5M | $530.1M | $508.4M | $472.3M |
| Depreciation and amortization | $317.3M | $296.7M | $279.8M | $228.5M |
| General taxes | $95.3M | $79.4M | $71.7M | $68.2M |
| Total operating expenses | $971.0M | $906.2M | $859.9M | $769.0M |
| Operating income | $457.5M | $399.0M | $377.6M | $350.0M |
| Other Nonoperating Income (Expense) | $6.8M | $7.4M | $9.5M | ($4.2M) |
| Interest expense, net | ($142.8M) | ($147.2M) | ($115.3M) | ($77.5M) |
| Income before income taxes | $321.5M | $259.2M | $271.7M | $268.3M |
| Income taxes | ($57.2M) | ($36.4M) | ($40.5M) | ($46.5M) |
| Net income | $264.2M | $222.8M | $231.2M | $221.7M |
| Basic | $4.39 | $3.92 | $4.16 | $4.09 |
| Diluted | $4.37 | $3.91 | $4.14 | $4.08 |
| Basic | 60.2M | 56.8M | 55.6M | 54.2M |
| Diluted | 60.5M | 57.0M | 55.9M | 54.3M |
| Common Stock, Dividends, Per Share, Declared | $2.68 | $2.64 | $2.60 | $2.48 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Regulated Operating Revenue | $411.6M | $831.7M | $379.1M | $423.7M |
| Cost of natural gas | $90.3M | $393.6M | $76.6M | $117.9M |
| Operations and maintenance | $139.6M | $146.9M | $137.2M | $131.0M |
| Depreciation and amortization | $76.2M | $76.8M | $76.9M | $79.3M |
| General taxes | $22.8M | $24.8M | $23.0M | $23.6M |
| Total operating expenses | $238.7M | $248.5M | $237.1M | $233.9M |
| Operating income | $82.7M | $189.6M | $65.4M | $71.9M |
| Other Nonoperating Income (Expense) | $5.2M | ($2.1M) | $2.4M | $2.6M |
| Interest expense, net | ($31.1M) | ($32.4M) | ($35.4M) | ($35.3M) |
| Income before income taxes | $56.8M | $155.1M | $32.4M | $39.1M |
| Income taxes | ($10.0M) | ($26.5M) | ($5.9M) | ($7.1M) |
| Net income | $46.8M | $128.7M | $26.5M | $32.0M |
| Basic | $0.74 | $2.05 | $0.44 | $0.53 |
| Diluted | $0.74 | $2.04 | $0.44 | $0.53 |
| Basic | 63.0M | 62.9M | 60.2M | 60.1M |
| Diluted | 63.2M | 63.2M | 60.6M | 60.5M |
| Common Stock, Dividends, Per Share, Declared | $0.68 | $0.68 | $0.67 | $0.67 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Property, plant and equipment | $9.7B | $9.1B | $8.5B | $7.8B |
| Accumulated depreciation and amortization | $2.6B | $2.5B | $2.3B | $2.2B |
| Net property, plant and equipment | $7.1B | $6.6B | $6.1B | $5.6B |
| Cash and cash equivalents | $10.6M | $58.0M | $18.8M | $9.7M |
| Restricted cash and cash equivalents | $23.1M | $20.5M | $20.6M | $8.4M |
| Cash, cash equivalents, restricted cash and restricted cash equivalents | $33.7M | $78.5M | $39.4M | $18.1M |
| Accounts receivable, net | $461.6M | $408.4M | $347.9M | $553.8M |
| Materials and supplies | $97.6M | $91.7M | $77.6M | $70.9M |
| Income taxes receivable | $55.6M | $53.6M | — | — |
| Natural gas in storage | $176.5M | $161.2M | $187.1M | $269.2M |
| Regulatory assets, current | $49.5M | $101.2M | $75.3M | $275.6M |
| Other current assets | $41.4M | $35.2M | $37.9M | $30.0M |
| Total current assets | $915.9M | $929.9M | $765.2M | $1.2B |
| Regulatory assets, noncurrent | $256.2M | $278.0M | $287.9M | $330.8M |
| Other intangible assets, net | $233.8M | $266.0M | $293.6M | — |
| Goodwill | $158.0M | $158.0M | $158.0M | $158.0M |
| Pension and other postemployment benefits | $47.0M | $42.9M | — | — |
| Other assets | $120.0M | $105.0M | $131.1M | $117.3M |
| Total goodwill and other assets | $815.0M | $849.8M | $870.6M | $929.9M |
| Total assets | $8.9B | $8.4B | $7.8B | $7.8B |
| Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 62,692,392 shares at December 31, 2025; issued and outstanding 59,876,861 shares at December 31, 2024 | 627.0K | 599.0K | 565.0K | 553.0K |
| Paid-in capital | $2.5B | $2.3B | $2.0B | $1.9B |
| Retained earnings | $909.4M | $809.6M | $737.7M | $651.9M |
| Accumulated other comprehensive income (loss), net of tax | $4.0K | ($126.0K) | ($1.2M) | ($704.0K) |
| Total equity | $3.4B | $3.1B | $2.8B | $2.6B |
| Other long-term debt, noncurrent, net of issuance costs | $2.1B | $2.1B | $1.9B | $2.4B |
| Securitized utility tariff bonds, excluding current maturities, net of issuance costs | $223.0M | $253.6M | $282.5M | $309.3M |
| Long-Term debt, excluding current maturities, total, net of issuance costs | $2.4B | $2.4B | $2.2B | $2.7B |
| Total equity and long-term debt | $5.8B | $5.5B | $4.9B | $5.2B |
| Long-term debt, current maturities, net of issuance costs | $249.7M | $14.0K | $773.0M | $20.7M |
| Current maturities of securitized utility tariff bonds, net of issuance costs | $30.6M | $29.0M | $27.4M | — |
| Short-term debt | $737.4M | $914.6M | $88.5M | $552.0M |
| Accounts payable | $222.1M | $261.3M | $278.1M | $360.5M |
| Accrued taxes other than income | $75.6M | $75.6M | $68.8M | $78.4M |
| Regulatory liability, current | $57.3M | $22.5M | $66.9M | $47.9M |
| Customer deposits | $52.9M | $56.2M | $62.2M | $57.9M |
| Other current liabilities | $106.4M | $99.0M | $112.4M | $72.1M |
| Total current liabilities | $1.5B | $1.5B | $1.5B | $1.2B |
| Deferred income taxes | $963.9M | $891.7M | $752.1M | $698.5M |
| Regulatory liability, noncurrent | $451.6M | $467.6M | $500.5M | $529.4M |
| Employee benefit obligations | ($18.6M) | ($18.7M) | $20.3M | $19.6M |
| Other deferred credits | $109.6M | $118.2M | $94.7M | $93.3M |
| Total deferred credits and other liabilities | $1.5B | $1.5B | $1.4B | $1.3B |
| Total liabilities and equity | $8.9B | $8.4B | $7.8B | $7.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Property, plant and equipment | $10.0B | $9.9B | $9.6B | $9.4B |
| Accumulated depreciation and amortization | $2.7B | $2.6B | $2.6B | $2.5B |
| Net property, plant and equipment | $7.3B | $7.2B | $7.0B | $6.9B |
| Cash and cash equivalents | $7.9M | $11.4M | $9.0M | $20.5M |
| Restricted cash and cash equivalents | $22.7M | $11.6M | $11.7M | $22.2M |
| Cash, cash equivalents, restricted cash and restricted cash equivalents | $30.6M | $23.0M | $20.8M | $42.7M |
| Accounts receivable, net | $250.9M | $405.2M | $210.2M | $263.1M |
| Materials and supplies | $96.7M | $93.0M | $97.5M | $95.5M |
| Income taxes receivable | $0 | $55.6M | $53.6M | $53.6M |
| Natural gas in storage | $158.2M | $123.9M | $198.0M | $134.4M |
| Regulatory assets, current | $83.4M | $61.5M | $70.6M | $56.0M |
| Prepaid Expense | $33.8M | — | — | — |
| Other current assets | $8.3M | $34.5M | $28.5M | $35.8M |
| Total current assets | $661.8M | $796.6M | $679.2M | $681.3M |
| Regulatory assets, noncurrent | $250.7M | $252.0M | $260.6M | $254.1M |
| Other intangible assets, net | $219.0M | $226.4M | $241.5M | $249.0M |
| Goodwill | $158.0M | $158.0M | $158.0M | $158.0M |
| Pension and other postemployment benefits | $47.3M | $47.2M | $52.3M | $45.9M |
| Other assets | $155.2M | $133.9M | $103.1M | $98.9M |
| Total goodwill and other assets | $830.2M | $817.5M | $815.3M | $805.8M |
| Total assets | $8.8B | $8.8B | $8.5B | $8.4B |
| Common stock, $0.01 par value: authorized 250,000,000 shares; issued and outstanding 62,797,154 shares at June 30, 2026; issued and outstanding 62,692,392 shares at December 31, 2025 | 629.0K | 628.0K | 600.0K | 600.0K |
| Paid-in capital | $2.5B | $2.5B | $2.3B | $2.3B |
| Retained earnings | $998.5M | $994.8M | $863.8M | $879.9M |
| Accumulated other comprehensive income (loss), net of tax | ($265.0K) | ($179.0K) | $78.0K | $44.0K |
| Total equity | $3.5B | $3.5B | $3.2B | $3.2B |
| Other long-term debt, noncurrent, net of issuance costs | $2.1B | $2.1B | $2.1B | $2.1B |
| Securitized utility tariff bonds, excluding current maturities, net of issuance costs | $207.1M | $207.0M | $222.9M | $238.5M |
| Long-Term debt, excluding current maturities, total, net of issuance costs | $2.3B | $2.3B | $2.4B | $2.4B |
| Total equity and long-term debt | $5.9B | $5.9B | $5.5B | $5.6B |
| Long-term debt, current maturities, net of issuance costs | $249.9M | $249.8M | $249.6M | $14.0K |
| Current maturities of securitized utility tariff bonds, net of issuance costs | $31.4M | $31.4M | $30.6M | $29.8M |
| Short-term debt | $770.8M | $759.7M | $764.4M | $872.4M |
| Accounts payable | $111.0M | $137.6M | $121.1M | $131.0M |
| Accrued taxes other than income | $57.4M | $71.3M | $73.7M | $59.4M |
| Regulatory liability, current | $24.7M | $21.6M | $61.2M | $67.0M |
| Customer deposits | $53.4M | $54.9M | $56.7M | $54.0M |
| Other current liabilities | $77.9M | $76.0M | $96.7M | $88.4M |
| Total current liabilities | $1.4B | $1.4B | $1.5B | $1.3B |
| Deferred income taxes | $1.0B | $999.4M | $937.8M | $928.6M |
| Regulatory liability, noncurrent | $433.1M | $441.0M | $461.7M | $454.5M |
| Other deferred credits | $111.0M | $116.8M | $112.8M | $118.9M |
| Total deferred credits and other liabilities | $1.6B | $1.6B | $1.5B | $1.5B |
| Total liabilities and equity | $8.8B | $8.8B | $8.5B | $8.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $264.2M | $222.8M | $231.2M | $221.7M |
| Depreciation and amortization | $317.3M | $296.7M | $279.8M | $228.5M |
| Deferred income tax provision | $49.5M | $106.5M | $24.8M | ($22.0M) |
| Share-based compensation expense | $14.8M | $13.7M | $12.2M | $10.7M |
| Provision for doubtful accounts | $8.2M | $6.7M | $9.7M | $6.0M |
| Proceeds from Securitization Bonds, Operating Activities | $0 | $0 | $197.4M | $1.3B |
| Accounts receivable | ($61.4M) | ($67.3M) | $196.3M | ($213.7M) |
| Materials and supplies | ($5.9M) | ($14.0M) | ($6.8M) | ($16.0M) |
| Income tax receivable | ($1.9M) | — | — | — |
| Natural gas in storage | ($15.3M) | $25.9M | $82.1M | ($89.6M) |
| Asset removal costs | ($52.3M) | ($59.0M) | ($62.0M) | ($47.0M) |
| Accounts payable | ($35.4M) | ($15.0M) | ($90.0M) | $85.9M |
| Accrued taxes other than income | ($40.0K) | $6.8M | ($9.6M) | $11.3M |
| Customer deposits | ($3.4M) | ($5.9M) | $4.3M | ($4.6M) |
| Regulatory assets and liabilities, current, net | $68.4M | ($90.8M) | $7.2M | $52.4M |
| Regulatory assets and liabilities, noncurrent, net | $36.7M | $19.4M | $38.9M | $54.0M |
| Other current assets and liabilities, net | ($708.0K) | ($17.1M) | $26.1M | ($23.4M) |
| Other noncurrent assets and liabilities, net | ($3.9M) | ($11.4M) | ($2.0M) | ($14.1M) |
| Cash provided by operating activities | $578.8M | $368.4M | $939.5M | $1.6B |
| Capital expenditures | ($707.2M) | ($703.2M) | ($666.6M) | ($609.5M) |
| Payments for Other Investing Activities | ($12.7M) | ($10.4M) | ($8.5M) | ($8.6M) |
| Proceeds from Sale of Other Assets, Investing Activities | $4.6M | $6.1M | $5.5M | $4.0M |
| Cash used in investing activities | ($715.3M) | ($707.5M) | ($669.6M) | ($614.1M) |
| Borrowings (repayments) of short-term debt, net | ($177.2M) | $826.1M | ($463.5M) | — |
| Proceeds from issuance of long-term debt, net of premiums and discounts | $250.0M | $253.5M | $299.6M | — |
| Payments of Debt Issuance Costs | ($432.0K) | ($2.2M) | ($2.5M) | ($8.6M) |
| Repayments of Other Long-Term Debt | ($15.0K) | ($773.0M) | $0 | — |
| Repayment of securitized utility tariff bonds | ($29.5M) | ($27.9M) | $20.7M | — |
| Proceeds from Issuance of Common Stock | $212.2M | $252.4M | $85.3M | $133.7M |
| Dividends paid | ($160.7M) | ($149.5M) | ($144.1M) | ($134.0M) |
| Payment, Tax Withholding, Share-based Payment Arrangement | ($2.7M) | ($1.1M) | ($2.7M) | ($3.2M) |
| Cash used in financing activities | $91.7M | $378.2M | ($248.6M) | ($947.5M) |
| Change in cash and cash equivalents | ($44.8M) | $39.1M | $21.3M | $9.3M |
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance | $78.5M | $39.4M | $18.1M | $8.9M |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $33.7M | $78.5M | $39.4M | $18.1M |
| Interest Paid, Excluding Capitalized Interest | $139.0M | $149.0M | $80.7M | $84.9M |
| Income Tax Paid, State and Local, after Refund Received | $540.0K | $366.0K | — | — |
| Income Tax Paid, Oklahoma, after Refund Received | ($1.5M) | ($4.5M) | — | — |
| Income Tax Paid, Federal, after Refund Received | $10.1M | ($16.3M) | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $175.5M | $128.7M | $177.9M | $151.5M |
| Depreciation and amortization | $153.0M | $76.8M | $238.0M | $161.0M |
| Deferred income tax provision | $32.5M | $23.3M | $30.7M | $23.7M |
| Share-based compensation expense | $8.2M | $3.8M | $11.3M | $7.5M |
| Provision for doubtful accounts | $5.0M | $2.9M | $5.8M | $4.1M |
| Accounts receivable | $205.7M | $53.6M | $192.4M | $141.3M |
| Materials and supplies | $923.0K | $4.6M | ($5.8M) | ($3.9M) |
| Income tax receivable | $55.6M | — | — | — |
| Natural gas in storage | $18.2M | $52.5M | ($36.9M) | $26.7M |
| Asset removal costs | ($27.9M) | ($13.1M) | ($36.0M) | ($20.7M) |
| Accounts payable | ($109.0M) | ($78.6M) | ($130.6M) | ($121.6M) |
| Accrued taxes other than income | ($18.2M) | ($4.3M) | ($1.9M) | ($16.2M) |
| Customer deposits | $502.0K | $2.0M | $419.0K | ($2.2M) |
| Regulatory assets and liabilities, current, net | ($74.2M) | ($51.9M) | $55.3M | $78.3M |
| Regulatory assets and liabilities, noncurrent, net | $3.7M | $5.9M | $23.6M | $21.2M |
| Other current assets and liabilities, net | ($28.4M) | ($26.1M) | $3.3M | ($12.3M) |
| Other noncurrent assets and liabilities, net | ($13.9M) | ($3.8M) | $8.0M | $10.4M |
| Cash provided by operating activities | $387.3M | $176.3M | $535.8M | $448.8M |
| Capital expenditures | ($330.0M) | ($156.5M) | ($539.4M) | ($347.1M) |
| Payments for Other Investing Activities | ($6.7M) | ($2.7M) | ($8.1M) | ($4.1M) |
| Proceeds from Sale of Other Assets, Investing Activities | $7.0M | $5.1M | $3.6M | $2.6M |
| Cash used in investing activities | ($329.7M) | ($154.1M) | ($543.9M) | ($348.5M) |
| Borrowings (repayments) of short-term debt, net | $33.4M | $22.3M | ($150.2M) | ($42.2M) |
| Proceeds from Issuance of Common Stock | $3.9M | — | $3.6M | $3.6M |
| Repayments of Other Long-Term Debt | ($7.0K) | ($4.0K) | ($10.0K) | ($8.0K) |
| Repayment of securitized utility tariff bonds | ($15.4M) | ($15.4M) | ($29.5M) | ($14.5M) |
| Dividends paid | ($85.4M) | ($42.7M) | ($120.5M) | ($80.3M) |
| Payment, Tax Withholding, Share-based Payment Arrangement | ($4.2M) | ($4.0M) | ($2.6M) | ($2.6M) |
| Proceeds from Advance for and Contribution in Aid of Construction, Financing Activity | $6.8M | $6.8M | — | — |
| Cash used in financing activities | ($60.7M) | ($32.9M) | ($49.7M) | ($136.1M) |
| Change in cash and cash equivalents | ($3.2M) | ($10.7M) | ($57.8M) | ($35.8M) |
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance | $33.7M | $33.7M | $78.5M | $78.5M |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $30.6M | $23.0M | $20.8M | $42.7M |
| Interest Paid, Excluding Capitalized Interest | $62.4M | $32.6M | $103.9M | $70.0M |
| Income Tax Paid, State and Local, after Refund Received | $1.1M | $0 | ($768.0K) | $715.0K |
| Income Tax Paid, Federal, after Refund Received | ($50.3M) | $0 | $7.8M | $7.0M |
ONE Gas Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.