OGSNYSENatural Gas DistributionFiscal year ends December 31
ONE Gas, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$74.59−1.01 (-1.34%)
Close on Oct 19, 2026
- Market cap
- $4.71B
- P/E (TTM)
- 16.1
- Dividend yield
- 3.59%
ONE Gas statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Natural Gas Distribution companies for comparison
Valuation
| Measure | ONE Gas | Industry median |
|---|---|---|
| Market Cap | $4.69B | $3.98B |
| Enterprise Value | $8.04B | $6.55B |
| PE Ratio | 16.08 | 20.58 |
| PB Ratio | 1.33 | 1.90 |
| P/TBV Ratio | 1.39 | 2.09 |
| P/OCF Ratio | 9.06 | 9.54 |
Enterprise value
| Measure | ONE Gas | Industry median |
|---|---|---|
| EV / EBITDA | 16.85 | 13.16 |
| EV / EBIT | 16.85 | 20.85 |
Income (trailing twelve months)
| Measure | ONE Gas | Industry median |
|---|---|---|
| Operating Income | $477.38M | $368.37M |
| Pretax Income | $348.92M | $257.00M |
| Net Income | $288.25M | $132.10M |
| EBITDA | $477.38M | $646.26M |
| EPS (Diluted) | $4.64 | $1.96 |
Returns
| Measure | ONE Gas | Industry median |
|---|---|---|
| Return on Equity (ROE) | 8.58% | 9.00% |
| Return on Assets (ROA) | 3.36% | 2.65% |
| Return on Invested Capital (ROIC) | 5.94% | 5.72% |
| Return on Capital Employed (ROCE) | 6.42% | 4.66% |
Growth
| Measure | ONE Gas | Industry median |
|---|---|---|
| Net Income Growth (YoY) | 16.4% | 7.72% |
| EPS Growth (YoY) | 10.7% | 5.30% |
| EPS Growth (3Y CAGR) | 2.32% | 6.07% |
| EPS Growth (5Y CAGR) | 3.50% | 6.26% |
Balance sheet
| Measure | ONE Gas | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $7.86M | $50.00M |
| Total Debt | $3.36B | $3.70B |
| Net Cash (Debt) | -$3.35B | -$2.29B |
| Net Cash Per Share | -$53.35 | -$20.82 |
| Equity (Book Value) | $3.54B | $1.80B |
| Book Value Per Share | $56.29 | $17.05 |
| Tangible Book Value | $3.38B | $1.17B |
| Working Capital | -$714.62M | -$10.38M |
Financial position
| Measure | ONE Gas | Industry median |
|---|---|---|
| Current Ratio | 0.48 | 0.91 |
| Quick Ratio | 0.19 | 0.38 |
| Debt / Equity | 0.95 | 1.22 |
| Debt / EBITDA | 7.04 | 4.95 |
| Net Debt / EBITDA | 7.03 | 4.86 |
| Interest Coverage | 3.53 | 2.44 |
Cash flow (trailing twelve months)
| Measure | ONE Gas | Industry median |
|---|---|---|
| Operating Cash Flow | $517.36M | $490.82M |
| Capital Expenditures | -$690.20M | -$780.91M |
| Free Cash Flow | -$172.84M | -$31.23M |
| FCF Per Share | -$2.75 | -$0.72 |
Efficiency
| Measure | ONE Gas | Industry median |
|---|---|---|
| Profits Per Employee | $72.06K | $117.32K |
| Employee Count | 4,000 | 1,512 |
Dividends and yields
| Measure | ONE Gas | Industry median |
|---|---|---|
| Earnings Yield | 6.15% | 4.25% |
| FCF Yield | -3.69% | -4.20% |
| Dividend Yield | 3.59% | 2.92% |
| Shareholder Yield | 3.59% | 1.63% |
| Dividend Per Share | $2.68 | $1.98 |
| Dividend Growth (YoY) | 1.52% | 5.10% |
| Years of Dividend Growth | 11 | 10 |
| Payout Ratio | 57.5% | 57.6% |
Shares
| Measure | ONE Gas | Industry median |
|---|---|---|
| Shares Outstanding | 62,856,300 | 128,474,000 |
| Shares Change (YoY) | 5.30% | 2.04% |
| Shares Change (QoQ) | 0.06% | 0.05% |
| Float | 61,981,200 | 115,223,500 |
| Shares Held by Insiders | 1.39% | 1.57% |
| Shares Held by Institutions | 93.1% | 81.0% |
Taxes
| Measure | ONE Gas | Industry median |
|---|---|---|
| Income Tax | $60.67M | $31.77M |
| Effective Tax Rate | 17.4% | 16.0% |
Scores
| Measure | ONE Gas | Industry median |
|---|---|---|
| Graham Number | $76.66 | $46.07 |
| Graham Upside | 2.77% | -25.1% |
| Altman Z-Score | 0.77 | 1.00 |
| Piotroski F-Score | 5 | 5 |
Calculated by StockData from ONE Gas's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.