ONE Gas, Inc.
OGS · Natural Gas Distribution · 62.8M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $5M (gross $18M, SBC $12M)
Reference price $86.34 · est. market cap ~$5.4B — last insider sale, 2026-03-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C63Stable regulated natural-gas distribution utility with steady mid-single-digit returns.
Strengths
- Steady ROE 7.7%, ROIC 6.2% (59th pct), interest coverage 3.2 (66th pct) and 18.6% net income growth
- Regulated rate-base model provides earnings durability
Risks
- Capital-intensive negative FCF and very low cash are inherent utility traits, not distress
- Returns cluster near sector median with no standout
Notable findings
Key metrics
Return on equity
7.7%
Return on assets
3.0%
ROIC
6.2%
Net-income growth
18.6%
Debt / equity
0.7×
Interest coverage
3.2×
Current ratio
0.6×
Free cash flow
-$128M
Tangible book value
$3.3B
Cash & investments
$11M
Cash runway
0q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-09 | McCormick Joseph L | Option exercise | 1.3K | $76.00 |
| 2026-06-09 | McCormick Joseph L | Option exercise | 1.2K | $76.00 |
| 2026-06-09 | McCormick Joseph L | Tax withheld | 539 | $76.00 |
| 2026-06-09 | McCormick Joseph L | Option exercise | 825 | $76.00 |
| 2026-06-09 | McCormick Joseph L | Tax withheld | 362 | $76.00 |
| 2026-06-09 | McCormick Joseph L | Tax withheld | 558 | $76.00 |
| 2026-06-03 | MOORE PATTYE L | Option exercise | 5.6K | $77.47 |
| 2026-06-03 | GIBSON JOHN WILLIAM | Option exercise | 20K | $77.47 |
| 2026-05-21 | Hart Tracy E | Grant | 1.7K | $82.35 |
| 2026-05-21 | Hutchinson Michael G | Grant | 1.7K | $82.35 |
| 2026-05-21 | RODRIGUEZ EDUARDO A | Grant | 1.3K | $82.35 |
| 2026-05-21 | Meshri Sanjay D. | Grant | 1.7K | $82.35 |
| 2026-03-06 | RODRIGUEZ EDUARDO A | Sell | 850 | $86.34 |
| 2026-02-24 | Brumfield Brian F. | Sell | 1.0K | $86.44 |
| 2026-02-16 | Kouplen Angela | Tax withheld | 1.0K | $86.04 |
| 2026-02-16 | Bender Mark A. | Option exercise | 2.7K | $86.04 |
| 2026-02-16 | Bender Mark A. | Tax withheld | 1.3K | $86.04 |
| 2026-02-16 | Brumfield Brian F. | Option exercise | 1.3K | $86.04 |
| 2026-02-16 | Brumfield Brian F. | Tax withheld | 438 | $86.04 |
| 2026-02-16 | DINAN CURTIS | Option exercise | 5.4K | $86.04 |
| 2026-02-16 | DINAN CURTIS | Tax withheld | 2.4K | $86.04 |
| 2026-02-16 | McAnnally Robert S. | Option exercise | 19K | $86.04 |
| 2026-02-16 | McAnnally Robert S. | Tax withheld | 8.4K | $86.04 |
| 2026-02-16 | Shortridge William Kent | Option exercise | 1.7K | $86.04 |
| 2026-02-16 | Shortridge William Kent | Tax withheld | 816 | $86.04 |
| 2026-02-16 | McCormick Joseph L | Option exercise | 3.8K | $86.04 |
| 2026-02-16 | McCormick Joseph L | Tax withheld | 1.6K | $86.04 |
| 2026-02-16 | Sighinolfi Christopher P. | Option exercise | 1.4K | — |
| 2026-02-16 | Sighinolfi Christopher P. | Tax withheld | 62 | $86.04 |
| 2026-02-16 | Kouplen Angela | Option exercise | 2.2K | $86.04 |
| 2026-02-14 | Bender Mark A. | Option exercise | 888 | $86.04 |
| 2026-02-14 | Shortridge William Kent | Option exercise | 546 | $86.04 |
| 2026-02-14 | Shortridge William Kent | Tax withheld | 239 | $86.04 |
| 2026-02-14 | Sighinolfi Christopher P. | Option exercise | 597 | $86.04 |
| 2026-02-14 | Sighinolfi Christopher P. | Tax withheld | 204 | $86.04 |
| 2026-02-14 | Kouplen Angela | Option exercise | 718 | $86.04 |
| 2026-02-14 | Kouplen Angela | Tax withheld | 301 | $86.04 |
| 2026-02-14 | Bender Mark A. | Tax withheld | 389 | $86.04 |
| 2026-02-14 | Brumfield Brian F. | Option exercise | 563 | $86.04 |
| 2026-02-14 | Brumfield Brian F. | Tax withheld | 187 | $86.04 |
| 2026-02-14 | DINAN CURTIS | Option exercise | 1.8K | $86.04 |
| 2026-02-14 | DINAN CURTIS | Tax withheld | 778 | $86.04 |
| 2026-02-14 | McAnnally Robert S. | Option exercise | 6.3K | $86.04 |
| 2026-02-14 | McAnnally Robert S. | Tax withheld | 2.8K | $86.04 |
| 2025-12-04 | Hutchinson Michael G | Sell | 3.0K | $78.86 |
| 2025-05-22 | Hart Tracy E | Grant | 1.9K | $73.49 |
| 2025-05-22 | RODRIGUEZ EDUARDO A | Grant | 1.4K | $73.49 |
| 2025-05-22 | Hutchinson Michael G | Grant | 1.9K | $73.49 |
| 2025-05-22 | Meshri Sanjay D. | Grant | 1.9K | $73.49 |
| 2025-03-18 | Hutchinson Michael G | Sell | 1.2K | $74.03 |
| 2025-02-18 | DINAN CURTIS | Option exercise | 1.7K | $71.53 |
| 2025-02-18 | DINAN CURTIS | Tax withheld | 764 | $71.53 |
| 2025-02-18 | McAnnally Robert S. | Option exercise | 10K | $71.53 |
| 2025-02-18 | McAnnally Robert S. | Tax withheld | 4.6K | $71.53 |
| 2025-02-18 | McAnnally Robert S. | Option exercise | 5.2K | $71.53 |
| 2025-02-18 | McAnnally Robert S. | Tax withheld | 2.3K | $71.53 |
| 2025-02-18 | Shortridge William Kent | Option exercise | 1.0K | $71.53 |
| 2025-02-18 | Shortridge William Kent | Tax withheld | 514 | $71.53 |
| 2025-02-18 | Shortridge William Kent | Option exercise | 520 | $71.53 |
| 2025-02-18 | Shortridge William Kent | Tax withheld | 257 | $71.53 |
| 2025-02-18 | McCormick Joseph L | Option exercise | 2.7K | $71.53 |
| 2025-02-18 | McCormick Joseph L | Tax withheld | 1.3K | $71.53 |
| 2025-02-18 | McCormick Joseph L | Option exercise | 1.4K | $71.53 |
| 2025-02-18 | McCormick Joseph L | Tax withheld | 605 | $71.53 |
| 2025-02-18 | Brumfield Brian F. | Option exercise | 1.9K | $71.53 |
| 2025-02-18 | Brumfield Brian F. | Tax withheld | 902 | $71.53 |
| 2025-02-18 | Sighinolfi Christopher P. | Option exercise | 758 | — |
| 2025-02-18 | Sighinolfi Christopher P. | Tax withheld | 59 | $71.53 |
| 2025-02-18 | Sighinolfi Christopher P. | Option exercise | 506 | $71.53 |
| 2025-02-18 | Sighinolfi Christopher P. | Tax withheld | 174 | $71.53 |
| 2025-02-18 | Bender Mark A. | Option exercise | 1.9K | $71.53 |
| 2025-02-18 | Bender Mark A. | Tax withheld | 646 | $71.53 |
| 2025-02-18 | Bender Mark A. | Option exercise | 940 | $71.53 |
| 2025-02-18 | Bender Mark A. | Tax withheld | 271 | $71.53 |
| 2025-02-18 | Sighinolfi Christopher P. | Tax withheld | 18 | $71.53 |
| 2025-02-18 | Sighinolfi Christopher P. | Option exercise | 506 | $71.53 |
| 2025-02-18 | Sighinolfi Christopher P. | Tax withheld | 174 | $71.53 |
| 2025-02-18 | DINAN CURTIS | Option exercise | 3.5K | $71.53 |
| 2025-02-18 | DINAN CURTIS | Tax withheld | 1.6K | $71.53 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-27 | 2026-05-21 | 0001193125-26-241844 ↗ |
| 8-K | 2026-05-26 | 2026-05-26 | 0001587732-26-000025 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001587732-26-000023 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001587732-26-000021 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001587732-26-000019 ↗ |
| 8-K | 2026-04-07 | 2026-04-07 | 0001587732-26-000016 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001587732-26-000014 ↗ |
| 8-K | 2026-02-24 | 2026-02-23 | 0001193125-26-064564 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001587732-26-000012 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001587732-26-000009 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001587732-26-000006 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001193125-26-057048 ↗ |