What is ONE GAS's debt-to-equity?

ONE GAS (OGS) reported debt-to-equity of 0.7× in Q1 2026.

How has ONE GAS's debt-to-equity changed year-over-year?

ONE GAS's debt-to-equity increased by 0.7% year-over-year, from 0.7× to 0.7×.

What is the long-term trend for ONE GAS's debt-to-equity?

Over 5 years (2020 to 2025), ONE GAS's debt-to-equity has grown at a -0.3% compound annual growth rate (CAGR), from 0.7× to 0.7×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

ONE GAS OGS Debt-to-equity

Debt-to-equity at other companies

Atmos EnergyATO

0.7×0.0×

SpireSR

2.3×+1.0×

CNP

CenterPoint EnergyCNP

1.8×-0.1×

New Jersey ResourcesNJR

1.4×0.0×

MDU Resources GroupMDU

0.9×+0.1×

Essential UtilitiesWTRG

1.2×0.0×

Other financials

Income statement

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Revenue$644.5M+42.5%

Gross profit$279.7M+8.3%

Operating income$189.6M+5.0%

Net income$128.7M+7.7%

EPS (diluted)$2.04+3.0%

Balance sheet

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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

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Operating cash flow$176.3M-36.5%

CapEx$156.5M-6.0%

Free cash flow$19.8M-82.2%

Valuation

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Market cap$4.82B+19.3%

Enterprise value$7.24B+16.9%

P/E17.6×+1.0×

P/S1.9×-0.8×

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 equity8.2%+0.1pp

Current ratio0.6×0.0×

Where this comes from

Calculated from ONE GAS’s reported figures.

total debt/total stockholders equity=0.7×

Based on the most recent quarter.

The official record: ONE GAS’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ONE GAS's debt-to-equity?: ONE GAS (OGS) reported debt-to-equity of 0.7× in Q1 2026.
How has ONE GAS's debt-to-equity changed year-over-year?: ONE GAS's debt-to-equity increased by 0.7% year-over-year, from 0.7× to 0.7×.
What is the long-term trend for ONE GAS's debt-to-equity?: Over 5 years (2020 to 2025), ONE GAS's debt-to-equity has grown at a -0.3% compound annual growth rate (CAGR), from 0.7× to 0.7×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.