ONE Gas, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
OGS$82.30+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| ONE Gas, Inc. | ||
|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | Six Months Ended | |
| June 30, | ||
| (Unaudited) | 2025 | 2024 |
| (Thousands of dollars) | ||
| Operating activities | ||
| Net income | $151,452 | $126,560 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 161,018 | 149,121 |
| Deferred income taxes | 23,684 | 22,255 |
| Share-based compensation expense | 7,524 | 6,728 |
| Provision for doubtful accounts | 4,085 | 1,775 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 141,290 | 152,828 |
| Materials and supplies | (3,886) | (8,853) |
| Natural gas in storage | 26,736 | 48,807 |
| Asset removal costs | (20,718) | (31,660) |
| Accounts payable | (121,593) | (101,495) |
| Accrued taxes other than income | (16,159) | (12,775) |
| Customer deposits | (2,235) | (1,944) |
| Regulatory assets and liabilities - current | 78,329 | (75,496) |
| Regulatory assets and liabilities - noncurrent | 21,198 | 8,826 |
| Other assets and liabilities - current | (12,271) | (35,126) |
| Other assets and liabilities - noncurrent | 10,355 | 1,375 |
| Cash provided by operating activities | 448,809 | 250,926 |
| Investing activities | ||
| Capital expenditures | (347,065) | (342,370) |
| Other investing expenditures | (4,075) | (2,381) |
| Other investing receipts | 2,629 | 2,975 |
| Cash used in investing activities | (348,511) | (341,776) |
| Financing activities | ||
| Borrowings (repayments) of notes payable, net | (42,200) | 943,000 |
| Repayment of other long-term debt | (8) | (773,000) |
| Repayment of securitized utility tariff bonds | (14,547) | (13,780) |
| Issuance of common stock | 3,561 | 3,368 |
| Dividends paid | (80,306) | (74,672) |
| Tax withholdings related to net share settlements of stock compensation | (2,614) | (987) |
| Cash provided by (used in) financing activities | (136,114) | 83,929 |
| Change in cash, cash equivalents, restricted cash and restricted cash equivalents | (35,816) | (6,921) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 78,537 | 39,387 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $42,721 | $32,466 |
| Supplemental cash flow information: | ||
| Cash paid for interest, net of amounts capitalized | $69,972 | $70,201 |
| Cash paid (received) for state income taxes | $715 | $(1,832) |
| Cash paid for federal income taxes | $7,013 | $600 |
| ONE Gas, Inc. | ||||||
|---|---|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF EQUITY | ||||||
| (Unaudited) | Common Stock Issued | Common Stock | Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income/(Loss) | Total Equity |
| (Shares) · (Thousands of dollars) | ||||||
| January 1, 2025 | 59,876,861 | $599 | $2,294,469 | $809,606 | $(126) | $3,104,548 |
| Net income | — | — | — | 119,419 | — | 119,419 |
| Other comprehensive income | — | — | — | — | 124 | 124 |
| Common stock issued and other | 52,229 | — | 1,097 | — | — | 1,097 |
| Common stock dividends - $0.67 per share | — | — | 423 | (40,576) | — | (40,153) |
| March 31, 2025 | 59,929,090 | $599 | $2,295,989 | $888,449 | $(2) | $3,185,035 |
| Net income | — | — | — | 32,033 | — | 32,033 |
| Other comprehensive income | — | — | — | — | 46 | 46 |
| Common stock issued and other | 69,144 | 1 | 7,373 | — | — | 7,374 |
| Common stock dividends - $0.67 per share | — | — | 463 | (40,616) | — | (40,153) |
| June 30, 2025 | 59,998,234 | $600 | $2,303,825 | $879,866 | $44 | $3,184,335 |
| January 1, 2024 | 56,545,924 | $565 | $2,028,755 | $737,739 | $(1,182) | $2,765,877 |
| Net income | — | — | — | 99,317 | — | 99,317 |
| Other comprehensive income | — | — | — | — | (10) | (10) |
| Common stock issued and other | 23,472 | 1 | 2,136 | — | — | 2,137 |
| Common stock dividends - $0.66 per share | — | — | 277 | (37,613) | — | (37,336) |
| March 31, 2024 | 56,569,396 | $566 | $2,031,168 | $799,443 | $(1,192) | $2,829,985 |
| Net income | — | — | — | 27,243 | — | 27,243 |
| Other comprehensive income | — | — | — | — | 8 | 8 |
| Common stock issued and other | 81,442 | 1 | 6,971 | — | — | 6,972 |
| Common stock dividends - $0.66 per share | — | — | 375 | (37,710) | — | (37,335) |
| June 30, 2024 | 56,650,838 | $567 | $2,038,514 | $788,976 | $(1,184) | $2,826,873 |
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