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ONE GAS OGS Capitalized non-service cost components

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Other financials

Income statement

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Revenue$644.5M+42.5%
Gross profit$279.7M+8.3%
Operating income$82.7M+15.1%
Net income$46.8M+46.1%
EPS (diluted)$0.74+39.6%

Balance sheet

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Cash & equivalents$30.6M-28.4%
Total debt$2.4B+11.5%
Total equity$3.5B+11.1%
Total assets$8.8B+5.4%

Cash flow

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Operating cash flow$211.0M+23.2%
CapEx$173.5M-3.9%
Free cash flow$37.5M+511%

Valuation

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Market cap$4.97B+12.3%
Enterprise value$7.39B+12.3%
P/E17.3×-0.6×

Profitability

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Gross margin43.4%-13.7pp
Operating margin13.6%-3.6pp
Net margin8.6%-2.8pp
FCF margin42.8%+24.8pp

Returns & leverage

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Return on equity8.6%+0.3pp
Debt / equity0.7×0.0×
Current ratio0.5×0.0×

Where this comes from

Reported directly by ONE GAS in its filing.

Tagged under the XBRL concept ogs:CapitalizedNonServiceCostComponents.

The source filing: ONE GAS’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:24 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001587732-26-000035

We capitalize all eligible service cost and non-service (credit) components under the accounting requirements of ASC Topic 980 (Regulated Operations) for rate-regulated entities. Capitalized non-service (credits) reflected in pension and other postemployment benefit costs, net within regulatory assets in our consolidated balance sheets were $(5.1) million and $(6.8) million at June 30, 2026 and December 31, 2025, respectively. See Note 3 of the Notes to Consolidated Financial Statements in this Quarterly Report for additional information.

Item 1. Financial Statements (Unaudited)

FAQ

What is ONE GAS's capitalized non-service cost components?
ONE GAS (OGS) reported capitalized non-service cost components of $5.1M in Q2 2026.
How has ONE GAS's capitalized non-service cost components changed year-over-year?
ONE GAS's capitalized non-service cost components increased by 176.1% year-over-year, from -$6.7M to $5.1M.
What does capitalized non-service cost components mean?
Capitalized non-service cost components as reported by ONE GAS, INC..

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