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ONE GAS OGS Net regulatory assets

Net regulatory assets at other companies

BGC Group, Inc. logo
BGC Group, Inc.BGC
$925M+21.1%
OGS
ONE GASOGS
-$149.14M+22.2%
Southern Company logo
Southern CompanySO
$4.71B-14.2%
OGS
ONE GASOGS
-$188.99M-0.2%
OGS
ONE GASOGS
$39.85M+1,374%
Dominion Energy logo
Dominion EnergyD
$1.29B+29.5%

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
Debt / equity0.7×0.0×
Current ratio0.6×0.0×

Where this comes from

Reported directly by ONE GAS in its filing.

Tagged under the XBRL concept us-gaap:NetRegulatoryAssets.

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 net regulatory assets?
ONE GAS (OGS) reported net regulatory assets of -$149.14M in Q1 2026.
How has ONE GAS's net regulatory assets changed year-over-year?
ONE GAS's net regulatory assets increased by 22.2% year-over-year, from -$191.67M to -$149.14M.
What is the long-term trend for ONE GAS's net regulatory assets?
Over 5 years (2020 to 2025), ONE GAS's net regulatory assets has grown at a 7.8% compound annual growth rate (CAGR), from -$139.6M to -$203.17M.
What does net regulatory assets mean?
This is the total net position of regulatory assets minus regulatory liabilities, representing the overall impact of the regulatory environment on the company's balance sheet. It serves as a summary metric for the utility's regulatory standing and the net value of future rate-regulated adjustments. A significant net asset position indicates substantial future recovery potential from the rate base.