ONE Gas, Inc. (OGS) Income Statement
OGS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOGS revenue and net income
Where OGS's revenue goes
2025Each bar shows an amount and its share of revenue. OGS kept 10.9% of revenue as net income.
OGS profit margins
OGS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.5% | −2.0% | +9.7% | +4.6% |
| Gross profit | +84.3% | +30.2% | +20.5% | +12.8% |
| Operating income | +14.6% | +9.3% | +8.6% | +6.7% |
| Net income | +18.6% | +6.0% | +6.1% | +8.3% |
| EPS (diluted) | +13.3% | +2.7% | +3.8% | +7.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OGS quarterly EPS vs estimates
ONE Gas beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.50).
OGS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.08B | $2.37B | $2.58B | $1.81B | $1.53B | $1.65B | $1.63B | $1.54B | $1.43B |
| Cost of revenue | $998.9M | $1.31B | $1.64B | $1.93B | $1.22B | $968.6M | $1.12B | $1.13B | $1.01B | $939.1M |
| Gross profit | $1.43B | $775.1M | $729.1M | $646.7M | $583.9M | $561.7M | $535.6M | $507.4M | $525.8M | $488.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $653.8M | $609.5M | $580.1M | $540.5M | $516.1M | $494.4M | $489.1M | $470.6M | $456.5M | $452.7M |
| Total operating expenses | $971.0M | $376.1M | $351.5M | $296.7M | $273.7M | $258.2M | $240.4M | $219.0M | $209.1M | $199.1M |
| Operating income | $457.5M | $399.0M | $377.6M | $350.0M | $310.3M | $303.5M | $295.3M | $288.4M | $316.7M | $288.9M |
| Interest income | $142.8M | $147.2M | $115.3M | $77.5M | $60.3M | $62.5M | $62.7M | $51.3M | $46.1M | $43.7M |
| Interest expense | $142.8M | $147.2M | $115.3M | $77.5M | $60.3M | $62.5M | $62.7M | $51.3M | $46.1M | $43.7M |
| Income before taxes | $321.5M | $259.2M | $271.7M | $268.3M | $246.8M | $238.0M | $229.6M | $225.8M | $256.1M | $225.3M |
| Income taxes | $57.2M | $36.4M | $40.5M | $46.5M | $40.3M | $41.6M | $42.9M | $53.5M | $93.1M | $85.2M |
| Net income | $264.2M | $222.8M | $231.2M | $221.7M | $206.4M | $196.4M | $186.7M | $172.2M | $163.0M | $140.1M |
| EBITDA | $781.5M | $703.2M | $666.9M | $574.3M | $514.3M | $495.4M | $472.7M | $437.2M | $454.1M | $412.9M |
| EPS (diluted) | $4.43 | $3.91 | $4.14 | $4.09 | $3.85 | $3.68 | $3.51 | $3.26 | $3.05 | $2.64 |
| Gross margin | 58.8% | 37.2% | 30.7% | 25.1% | 32.3% | 36.7% | 32.4% | 31.1% | 34.2% | 34.2% |
| Operating margin | 18.8% | 19.2% | 15.9% | 13.6% | 17.2% | 19.8% | 17.9% | 17.7% | 20.6% | 20.2% |
| Net margin | 10.9% | 10.7% | 9.7% | 8.6% | 11.4% | 12.8% | 11.3% | 10.5% | 10.6% | 9.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $411.6M | $831.7M | $689.4M | $379.1M | $423.7M | $935.2M | $630.7M | $340.4M | $354.1M | $758.3M | $605.9M | $335.8M |
| Cost of revenue | $90.3M | $393.6M | $25.6M | $76.6M | $248.9M | $647.8M | $408.6M | $190.4M | $193.8M | $515.8M | $409.0M | $192.5M |
| Gross profit | $321.4M | $438.1M | $663.8M | $302.5M | $174.8M | $287.4M | $222.1M | $150.0M | $160.3M | $242.5M | $196.9M | $143.3M |
| Sales, general & admin | — | — | $178.4M | $160.2M | $154.6M | $160.5M | $167.2M | $149.2M | — | — | — | $139.3M |
| Total operating expenses | $238.7M | $248.5M | $524.0M | $237.1M | $103.0M | $106.9M | $97.8M | $90.6M | $91.0M | $96.7M | $89.7M | $86.1M |
| Operating income | $82.7M | $189.6M | $139.7M | $65.4M | $71.9M | $180.5M | $124.3M | $59.4M | $69.3M | $145.9M | $107.1M | $57.2M |
| Interest income | — | — | $36.5M | $35.4M | $35.3M | $35.7M | $39.8M | $39.1M | — | — | — | $28.0M |
| Interest expense | $31.1M | $32.4M | $36.5M | $35.4M | $35.3M | $35.7M | $39.8M | $39.1M | $37.0M | $31.4M | $29.8M | $28.0M |
| Income before taxes | $56.8M | $155.1M | $104.6M | $32.4M | $39.1M | $145.3M | $84.7M | $23.3M | $33.3M | $118.0M | $82.0M | $29.3M |
| Income taxes | $10.0M | $26.5M | $18.3M | $5.9M | $7.1M | $25.9M | $7.6M | $4.0M | $6.0M | $18.7M | $11.3M | $4.1M |
| Net income | $46.8M | $128.7M | $86.3M | $26.5M | $32.0M | $119.4M | $77.0M | $19.3M | $27.2M | $99.3M | $70.7M | $25.2M |
| EBITDA | $153.7M | $264.3M | $220.4M | $144.7M | $153.7M | $262.7M | $199.9M | $134.6M | $142.8M | $225.9M | $184.4M | $125.7M |
| EPS (diluted) | $0.82 | $2.11 | $1.48 | $0.44 | $0.53 | $1.98 | $1.34 | $0.34 | $0.48 | $1.75 | $1.27 | $0.45 |
| Gross margin | 78.1% | 52.7% | 96.3% | 79.8% | 41.3% | 30.7% | 35.2% | 44.1% | 45.3% | 32.0% | 32.5% | 42.7% |
| Operating margin | 20.1% | 22.8% | 20.3% | 17.2% | 17.0% | 19.3% | 19.7% | 17.5% | 19.6% | 19.2% | 17.7% | 17.0% |
| Net margin | 11.4% | 15.5% | 12.5% | 7.0% | 7.6% | 12.8% | 12.2% | 5.7% | 7.7% | 13.1% | 11.7% | 7.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OGS's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OGS financial results
In fiscal year 2025 (ended December 31, 2025), ONE Gas reported revenue of $2.4 billion, up 16.5% from the year before. It had net income of $264.2 million (up 18.6%), a net profit margin of 10.9%. Diluted earnings per share came to $4.43. Over five years revenue grew at an average rate of 9.7% a year.
See the OGS stock overview for the latest quote and news, or the OGS chart for price history and technical indicators.
OGS income statement FAQ
What is ONE Gas's annual revenue?
ONE Gas reported total revenue of $2.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 16.5% from $2.1 billion the previous year.
Is ONE Gas profitable?
Yes. ONE Gas reported net income of $264.2 million in fiscal 2025, a net profit margin of 10.9%; its operating margin was 18.8%.
What is ONE Gas's gross margin?
ONE Gas's gross margin was 58.8% in fiscal 2025: for every $100 of revenue, ONE Gas kept $59 after the direct cost of its products and services.
How fast is ONE Gas growing?
Revenue grew 9.7% a year on average over the last five fiscal years, from $1.5 billion to $2.4 billion.
What are ONE Gas's earnings per share?
ONE Gas earned $4.43 per diluted share in fiscal 2025, compared with $3.91 a year earlier.
When will ONE Gas report its next earnings?
ONE Gas is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does ONE Gas's fiscal year end?
ONE Gas's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.