What is ONE GAS's market cap?

ONE GAS (OGS) has a market capitalization of $5.0B and trades on NYSE.

Who are ONE GAS's competitors?

ONE GAS's key competitors include Atmos Energy, CenterPoint Energy, Spire Inc., and others. These companies compete in similar markets and product categories.

Who does ONE GAS partner with?

ONE GAS's notable partners include The United Steelworkers, International Brotherhood of Electrical Workers.

What subsidiaries does ONE GAS have?

ONE GAS's subsidiaries include Oklahoma Natural Gas, Kansas Gas Service, Texas Gas Service.

Where is ONE GAS headquartered?

ONE GAS is headquartered in United States of America and employs approximately 3,900 people. It has been publicly traded since 2014.

ONE GAS

OGS

ONE Gas is a leading 100-percent regulated natural gas distribution utility serving approximately 2.3 million customers across Oklahoma, Kansas, and Texas.

Market cap

$5.02B+14.8%

Net income$273.5M+12.6%

Free cash flow-$219.5M-32.7%

EPS (diluted)$4.44+7.0%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 4, 2026

Revenue$831.7MMiss by $137.7M EPS$2.11Miss by $0.02

Read the full report

Next report

Aug 4, 2026 (In 6 days)

Revenue estimate$410.3M

EPS estimate$0.65

Financials

Q1 2026

Income statement

See full

Operating income$189.6M+5.0%

Net income$128.7M+7.7%

EPS (diluted)$2.04+3.0%

Balance sheet

See full

Cash & equivalents$23.0M-18.4%

Total debt$2.4B+11.5%

Total equity$3.5B+10.7%

Total assets$8.8B+6.0%

Cash flow

See full

Operating cash flow$176.3M-36.5%

CapEx$156.5M-6.0%

Free cash flow$19.8M-82.2%

Valuation & ratios

Valuation

See full

Market cap$5.02B+14.8%

Enterprise value$7.44B+14.9%

P/E18.4×+0.9×

Returns & leverage

See full

Return on equity8.2%+0.1pp

Debt / equity0.7×0.0×

Current ratio0.6×0.0×

Competitors

By market cap

Atmos Energy$29.7B+21.1%

CNP

CenterPoint Energy$28.8B+18.2%

SWX

Southwest Gas Holdings$6.7B+19.1%

New Jersey Resources$6.0B+31.7%

OGS

ONE GAS$5.0B+16.0%

Spire$4.9B+9.0%

MDU Resources Group$4.4B+26.6%

Unitil$999.2M+21.3%

By revenue growth

Unitil+19.6%

Atmos Energy+8.8%

CNP

CenterPoint Energy+7.1%

New Jersey Resources+5.1%

Spire+4.5%

MDU Resources Group-2.1%

By net margin

Atmos Energy27.58%+2.2pp

New Jersey Resources15.67%-4.4pp

Spire12.69%+9.2pp

CNP

CenterPoint Energy11.61%+1.2pp

MDU Resources Group10.48%-3.7pp

Unitil9.6%-0.1pp

OGS

ONE GAS8.6%—

Profile

ONE Gas is a leading 100-percent regulated natural gas distribution utility serving approximately 2.3 million customers across Oklahoma, Kansas, and Texas. The company operates as a pure-play natural gas distributor, focusing on the safe and reliable delivery of foundational energy to residential, commercial, and industrial end-users. Its value proposition is centered on a stable, regulated business model with significant market share in its primary service territories.

Competitive position

ONE Gas is the largest natural gas distributor in Oklahoma and Kansas and the third largest in Texas, maintaining a dominant market position within its regulated service areas.

GeographiesOklahoma, Kansas, Texas, United States

Customer segmentsResidential Households, Commercial Businesses, Industrial Manufacturers

Business modelRegulated Utility, Infrastructure-as-a-Service

SuppliersNatural gas processors, Natural gas marketers, Natural gas producers, Pipeline operators

CustomersResidential homeowners, Small business owners, Large industrial facilities, Public institutions

CountryUnited States of America

Listed2014

Employees3.9K

CEORobert S. McAnnally

SectorUtilities

IndustryRegulated Gas

Websiteonegas.com

FilingsSEC EDGAR

Questions, answered.

What is ONE GAS's market cap?: ONE GAS (OGS) has a market capitalization of $5.0B and trades on NYSE.
Who are ONE GAS's competitors?: ONE GAS's key competitors include Atmos Energy, CenterPoint Energy, Spire Inc., and others. These companies compete in similar markets and product categories.
Who does ONE GAS partner with?: ONE GAS's notable partners include The United Steelworkers, International Brotherhood of Electrical Workers.
What subsidiaries does ONE GAS have?: ONE GAS's subsidiaries include Oklahoma Natural Gas, Kansas Gas Service, Texas Gas Service.
Where is ONE GAS headquartered?: ONE GAS is headquartered in United States of America and employs approximately 3,900 people. It has been publicly traded since 2014.