Company Analysis

One Gas, Inc. (OGS)

NYSE: OGS · Natural Gas Distribution · Tulsa, OK · filing with the SEC since 2013
Grade5.7
◀ Past 7.0● Present 4.9▶ Future 5.8
1 est.

The grade of One Gas, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past7.025% of the headline
● Present4.945% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.9/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 79th percentile among 14 sector filers · read for itself

From the record

One Gas, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.5/10

What has it actually done, year after year?

+10.4% a year over 7 filed years; profitable in 7 of 7.

weight 22% of this tense · 75th percentile among 14 sector filers · read for its customers

From the record

One Gas, Inc.'s 7 filed years say what it did: revenue went from $1.4 billion in fiscal 2016 to $2.6 billion in fiscal 2022, up 10.4% a year; it rose in 5 of 6 years; the deepest fall was 7% from fiscal 2019 to fiscal 2020; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.4%top 46% of its family
  • the share of years revenue rosetop 7% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak7.4%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.4/10

How has it treated the people who own it?

Share count grew 3.7% a year. 24% of cash flow returned. Insiders: 3 sales, 0 purchases.

weight 33% of this tense · 54th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, One Gas, Inc.'s diluted share count grew about 3.7% a year, and dividends and buybacks returned about 24% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 50% of its family
  • cash returned against operating cash flowtop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.9/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
4.0/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 45% of this tense · 40th percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, One Gas, Inc. earned about 8 cents of profit for every dollar of shareholders' money. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 6.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 42% of its family
  • return on equitybottom 35% of its family
  • the share count against the year beforebottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.5/10

How strong is its position in its industry?

top 35% of 14 in its family; net margin 8.6%.

weight 33% of this tense · 65th percentile among 14 sector filers · read for its customers

From the record

One Gas, Inc.'s standing among 14 graded names in its industry family: revenue of $2.6 billion in fiscal 2022 ranks in the top 35% by size; a net margin of 8.6% ranks in the bottom 39%; revenue growth of 16% a year over the last 3 filed years ranks in the top 11% (its annual reports).

What it rests on

  • revenue against the family$2.58Btop 35% of its family
  • net margin8.6%bottom 39% of its family
  • three-year revenue growth16.0%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.6/10

What are the people in charge doing?

bottom 46% of 9 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 46th percentile among 9 sector filers · read for its shareholders

From the record

One Gas, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mcannally, Robert S. (President and Chief Executive Officer, as filed), filing under that title since 2021-06-30, 5.4 years (bottom 28% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 6.5 years (top 39%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 18 peopletop 50% of its family
  • the median years the people in charge have filed6.5 yearstop 39% of its family
  • the chief executive's years on the record5.4 yearsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
5.4/10

How much room does it have to grow?

SI estimate 5.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 54th percentile among 14 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 46% of 14 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 14 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: One Gas, Inc.'s room to expand is put at 5.4 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 46% of 14 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
6.9/10

What could actually drive growth from here?

top 31% of 14 in its family for growth drivers.

weight 45% of this tense · 69th percentile among 14 sector filers · read for its customers

From the record

One Gas, Inc.'s growth drivers, from the filed years to fiscal 2022: revenue grew 16% a year over the last three filed years against 10.4% over all 7, speeding up (top 4% of its family); the newest year grew 42.6% (top 18%); capital spending grew 5.1% a year (bottom 29%) (its annual reports). One Gas, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+5.6 points a yeartop 4% of its family
  • the newest year's revenue growth42.6%top 18% of its family
  • three-year growth of capital spending5.1%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.5/10

Did its newest year beat what its own record pointed to?

bottom 45% of 13 in its family for expectations against reality.

weight 33% of this tense · 45th percentile among 13 sector filers · read for its shareholders

From the record

One Gas, Inc.'s newest year against its own record: revenue of $2.6 billion in fiscal 2022 came in 36.3% above the $1.9 billion its prior three years' pace pointed to (top 27% of its family); net income of $222 million against a prior three-year average of $197 million (bottom 42%); a net margin of 8.6% against 11.8% before (bottom 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace36.3%top 27% of its family
  • net income against the prior three years' average+13%bottom 42% of its family
  • net margin against its prior average-3.2 pointsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton OGS · research, not advice