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ONE GAS OGS Regulatory assets

Regulatory assets at other companies

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$78.7M+86.1%
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$31.95M-8.3%
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$190.68M+33.0%
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$19.75M+13.2%
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Xcel EnergyXEL
$482M-23.1%
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PG&EPCG
$230M+8.5%

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:RegulatoryAssetsCurrent.

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 regulatory assets?
ONE GAS (OGS) reported regulatory assets of $61.49M in Q1 2026.
How has ONE GAS's regulatory assets changed year-over-year?
ONE GAS's regulatory assets increased by 68.3% year-over-year, from $36.54M to $61.49M.
What is the long-term trend for ONE GAS's regulatory assets?
Over 5 years (2020 to 2025), ONE GAS's regulatory assets has grown at a -2.7% compound annual growth rate (CAGR), from $56.77M to $49.5M.
What does regulatory assets mean?
Costs incurred by the utility that are deferred and recognized as assets because they are expected to be recovered from ratepayers through future rate adjustments authorized by regulators. This reflects the unique accounting treatment in regulated industries where certain expenses are not immediately charged to the income statement. It represents a future cash flow benefit tied to regulatory approval processes.