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ONE GAS OGS Operating Income

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Other financials

Income statement

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Revenue$644.5M+42.5%
Gross profit$279.7M+8.3%
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+13.0%
Enterprise value$7.39B+12.7%
P/E17.3×-0.5×

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 us-gaap:OperatingIncomeLoss.

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
ONE Gas, Inc. / CONSOLIDATED STATEMENTS OF INCOME / (Unaudited)CONSOLIDATED STATEMENTS OF INCOME / Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Depreciation and amortization76,24079,314153,025161,018
General taxes22,81323,64347,62448,873
Total operating expenses238,681233,944487,224476,173
Operating income82,67171,855272,263252,354
Other income, net5,2202,5723,1233,090
Interest expense, net(31,101)(35,279)(63,459)(70,976)
Income before income taxes56,79039,148211,927184,468
Income taxes(9,982)(7,115)(36,446)(33,016)

Item 1. Financial Statements (Unaudited)

FAQ

What is ONE GAS's operating income?
ONE GAS (OGS) reported operating income of $82.67M in Q2 2026.
How has ONE GAS's operating income changed year-over-year?
ONE GAS's operating income increased by 15.1% year-over-year, from $71.86M to $82.67M.
What is the long-term trend for ONE GAS's operating income?
Over 4 years (2021 to 2025), ONE GAS's operating income has grown at a 10.2% compound annual growth rate (CAGR), from $310.26M to $457.47M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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