ONE Gas, Inc. (OGS) Form 10-Q — Nov 3, 2026
ONE Gas reported Q3 2026 net income of $31.2 million, or $0.49 per diluted share, up from $26.5 million ($0.44) a year earlier, with nine-month net income of $206.7 million ($3.27 diluted) versus $177.9 million ($2.94) in 2025. Adjusted (non-GAAP) Q3 EPS was $0.53 versus $0.47 last year. Growth was driven by $57.2 million of incremental revenue from new rates across Oklahoma, Kansas, and Texas plus residential customer growth, partially offset by warmer weather (93% warmer YoY in Q3) and higher employee and bad-debt costs. The company raised roughly $79.9 million in combined approved rate increases across its three jurisdictions in 2026.
Key figures
- Eps
- $3.27 diluted (nine months 2026); $0.49 Q3 2026
- Revenue
- 1634663000
- Guidance
- Full-year 2026 capital expenditures and asset removal costs expected to be approximately $800 million
- Net Income
- 206704000
- Total Debt
- 2727404000
- Revenue Yoy
- -6% (nine months); Q3 +3% to $391.3M
- Total Assets
- 8984961000
- Cash Position
- 7269000
- Shares Outstanding
- 62857151
- Atm available
- 204400000
- Senior notes rate
- 5.45% due September 2036
- Q3 2025 net income
- 26466000
- Q3 2026 net income
- 31223000
- Dividend annualized
- 2.72
- Operating income q3
- 77381000
- Q3 2025 diluted eps
- 0.44
- Q3 2026 diluted eps
- 0.49
- Atm program capacity
- 225000000
- Average customers q3
- 2295000
- Commercial paper rate
- 4.18%
- Total debt to capital
- 48.3% (ex-KGSS-I)
- Operating income q3 yoy
- +18%
- Dividend declared per share
- 0.68
- Q3 2026 adjusted net income
- 33500000
- Commercial paper outstanding
- 789800000
- Q3 2026 adjusted diluted eps
- 0.53
- Senior notes issued aug 2026
- 375000000
- Nine month 2026 adjusted net income
- 218900000
- Nine month 2026 adjusted diluted eps
- 3.47
AI analysis
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