ONE Gas, Inc. (OGS) Financial Statements (2025 and earlier)

Company Profile

Business Address 15 EAST FIFTH STREET
TULSA, OK 74103
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 4924 - Natural Gas Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,99518,8359,6818,8527,99317,853
Cash and cash equivalent57,99518,8359,6818,8527,99317,853
Receivables408,448347,864553,834341,756292,985260,012
Inventory, net of allowances, customer advances and progress billings161,184187,097269,205179,64693,946104,259
Inventory161,184187,097269,205179,64693,946104,259
Regulatory asset101,21075,308275,5721,611,67656,77347,440
Other current assets35,21637,89929,99727,74235,40620,906
Other undisclosed current assets165,82898,20179,31954,89252,76655,732
Total current assets:929,881765,2041,217,6082,224,564539,869506,202
Noncurrent Assets
Operating lease, right-of-use asset 17,50021,00023,300 37,20034,200
Intangible assets, net (including goodwill)423,904451,572481,791157,953157,953157,953
Goodwill157,953157,953157,953157,953157,953157,953
Intangible assets, net (excluding goodwill)265,951293,619323,838   
Regulated entity, other noncurrent assets278,006287,906330,831724,862366,956391,036
Other noncurrent assets105,025131,100117,326103,90696,87787,883
Other undisclosed noncurrent assets6,671,2556,114,2125,605,5405,190,8354,829,8574,531,026
Total noncurrent assets:7,495,6907,005,7906,558,7886,177,5565,488,8435,202,098
TOTAL ASSETS:8,425,5717,770,9947,776,3968,402,1206,028,7125,708,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities336,929346,849438,845325,589216,113168,446
Taxes payable✕✕✕✕67,03563,80047,956
Accounts payable261,321278,056360,493258,554152,313120,490
Accrued liabilities75,60868,79378,352   
Debt974,614921,484572,716554,000418,225523,000
Regulatory liability22,52566,90147,8678,09015,76145,201
Other liabilities99,009112,37072,13790,36078,95284,603
Other undisclosed current liabilities25,19929,61757,8542,45468,02851,487
Total current liabilities:1,458,2761,477,2211,189,419980,493797,079872,737
Noncurrent Liabilities
Long-term debt and lease obligation2,385,2862,160,4012,661,7433,683,3781,613,2281,314,064
Long-term debt, excluding current maturities2,385,2862,160,4012,661,7433,683,3781,582,4281,286,064
Liabilities, other than long-term debt1,477,4611,367,4951,340,8081,388,717759,088737,477
Deferred income tax liabilities891,738752,068698,456695,284  
Liability, pension and other postretirement and postemployment benefits  20,26519,58735,22697,637115,657
Regulatory liability467,563500,478529,441552,928547,563503,518
Other liabilities118,16094,68493,324105,279113,888118,302
Operating lease, liability     30,80028,000
Total noncurrent liabilities:3,862,7473,527,8964,002,5515,072,0952,372,3162,051,541
Total liabilities:5,321,0235,005,1175,191,9706,052,5883,169,3952,924,278
Equity
Equity, attributable to parent3,104,5482,765,8772,584,4262,349,5322,233,3112,129,390
Common stock599565553536532528
Additional paid in capital2,294,4692,028,7551,932,7141,790,3621,756,9211,733,092
Accumulated other comprehensive loss(126)(1,182)(704)(6,527)(7,777)(6,739)
Retained earnings809,606737,739651,863565,161483,635402,509
Total equity:3,104,5482,765,8772,584,4262,349,5322,233,3112,129,390
Other undisclosed liabilities and equity     626,006654,632
TOTAL LIABILITIES AND EQUITY:8,425,5717,770,9947,776,3968,402,1206,028,7125,708,300

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues  2,578,0051,808,5971,530,2681,652,730
Gain (loss) on disposition of assets for financial service operations(3)     
Realized investment losses      
Cost of revenue
(Cost of Product and Service Sold)		(778,333)(1,134,510)(1,459,087)   
Gross profit:(778,333)(1,134,510)1,118,9181,808,5971,530,2681,652,730
Other undisclosed operating income (loss)1,177,3771,512,100(768,961)(1,498,339)(1,226,752)(1,357,472)
Operating income:399,044377,590349,957310,258303,516295,258
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		7,4279,476(4,183)(3,207)(3,020)(2,976)
Interest and debt expense (115,339)(77,506)(60,301)(62,505)(62,681)
Income from continuing operations before equity method investments, income taxes:406,471271,727268,268246,750237,991229,601
Other undisclosed loss from continuing operations before income taxes(147,235)     
Income from continuing operations before income taxes:259,236271,727268,268246,750237,991229,601
Income tax expense(36,386)(40,495)(46,526)(40,316)(41,579)(42,852)
Income from continuing operations:222,850231,232221,742206,434196,412186,749
Income before gain (loss) on sale of properties:✕✕✕✕206,434196,412186,749
Net income available to common stockholders, diluted:222,850231,232221,742206,434196,412186,749

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:222,850231,232221,742206,434196,412186,749
Other comprehensive income (loss)1,056(478)5,8231,250(1,038)(1,435)
Comprehensive income, net of tax, attributable to parent:223,906230,754227,565207,684195,374185,314

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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