ONE Gas, Inc.

For the period ended Mar 31, 2026. Filed May 5, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 5, 2026

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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Contents

Consolidated Statements of Cash Flows

ONE Gas, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS	Three Months Ended
	March 31,
(Unaudited)	2026	2025
(Thousands of dollars)
Operating activities
Net income	$128,673	$119,419
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	76,785	81,704
Deferred income taxes	23,293	19,146
Share-based compensation expense	3,837	3,656
Provision for doubtful accounts	2,896	2,331
Changes in assets and liabilities:
Accounts receivable	53,578	(40,690)
Materials and supplies	4,608	3,681
Natural gas in storage	52,531	92,498
Asset removal costs	(13,081)	(11,089)
Accounts payable	(78,600)	(72,871)
Accrued taxes other than income	(4,296)	2,245
Customer deposits	2,030	(1,320)
Regulatory assets and liabilities - current	(51,927)	73,872
Regulatory assets and liabilities - noncurrent	5,894	9,425
Other assets and liabilities - current	(26,105)	(11,650)
Other assets and liabilities - noncurrent	(3,803)	7,102
Cash provided by operating activities	176,313	277,459
Investing activities
Capital expenditures	(156,533)	(166,597)
Other investing expenditures	(2,697)	(2,427)
Other investing receipts	5,130	1,179
Cash used in investing activities	(154,100)	(167,845)
Financing activities
Borrowings (repayments) of notes payable, net	22,300	(102,700)
Repayment of other long-term debt	(4)	(4)
Repayment of securitized utility tariff bonds	(15,356)	(14,547)
Dividends paid	(42,678)	(40,153)
Tax withholdings related to net share settlements of stock compensation	(4,050)	(2,559)
Construction advances	6,841	—
Cash used in financing activities	(32,947)	(159,963)
Change in cash, cash equivalents, restricted cash and restricted cash equivalents	(10,734)	(50,349)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	33,727	78,537
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$22,993	$28,188
Supplemental cash flow information:
Cash paid for interest, net of amounts capitalized	$32,628	$36,268
Cash paid (received) for state income taxes	$—	$—
Cash paid (received) for federal income taxes	$—	$—

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, 2026	62,692,392	$627	$2,530,137	$909,355	$4	$3,440,123
Net income	—	—	—	128,673	—	128,673
Other comprehensive income	—	—	—	—	(183)	(183)
Common stock issued and other	69,598	1	(214)	—	—	(213)
Common stock dividends - $0.68 per share	—	—	512	(43,190)	—	(42,678)
March 31, 2026	62,761,990	$628	$2,530,435	$994,838	$(179)	$3,525,722
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

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.