ONE Gas (OGS) Cost of Revenue (2017 - 2026)
ONE Gas (OGS) posted quarterly Cost of Revenue of $393.6 million for Q1 2026, down 23.2% year-over-year from $512.5 million in Q1 2025, and up 34.83% quarter-over-quarter from $291.9 million in Q4 2025.
ONE Gas (OGS) Cost of Revenue (2017 - 2026) Analysis & Trends
ONE Gas (OGS) has reported Cost of Revenue for 10 consecutive years, with $393.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 23.2% year-over-year to $393.6 million; the TTM figure through Mar 2026 stood at $880.0 million (down 3.06% YoY), while the FY2025 annual figure was $998.9 million, up 28.34% from the prior year.
- Cost of Revenue improved to $393.6 million in Q1 2026 per OGS's latest filing, from $291.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $665.8 million in Q1 2023 and bottomed at $59.6 million in Q3 2024.
- Historically, Cost of Revenue has averaged $280.3 million across 5 years, with a median of $263.7 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 112.46% — and 2023, when it plunged 46.99%.
- ONE Gas' Cost of Revenue stood at $504.7 million in 2022, then slumped by 46.99% to $267.6 million in 2023, then dropped by 1.43% to $263.7 million in 2024, then rose by 10.68% to $291.9 million in 2025, then surged by 34.83% to $393.6 million in 2026.
- Business Quant data shows OGS's Cost of Revenue at $393.6 million in Q1 2026, $291.9 million in Q4 2025, and $76.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.88 Bn | 28.36 Bn | - | - |
| 2 | Nisource | 20.05 Bn | 19.98 Bn | 867.50 Mn | 474.90 Mn |
| 3 | Ugi | 8.27 Bn | 7.80 Bn | 573.00 Mn | 758.00 Mn |
| 4 | New Jersey Resources | 5.61 Bn | 5.57 Bn | 243.61 Mn | 105.57 Mn |
| 5 | Black Hills | 5.58 Bn | 5.50 Bn | - | - |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 139.63 Mn |
| 7 | Mdu Resources | 4.31 Bn | 4.27 Bn | - | - |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 51.70 Mn |
| 9 | Centuri Holdings | 2.28 Bn | 2.24 Bn | 69.14 Mn | 892.84 Mn |
| 10 | Brookfield Infrastructure | 2.23 Bn | 1.47 Bn | 572.00 Mn | 368.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 90.29 Mn |
| Jun 30, 2026 | 90.29 Mn |
| Mar 31, 2026 | 393.58 Mn |
| Mar 31, 2026 | 393.58 Mn |
| Dec 31, 2025 | 291.90 Mn |
| Dec 31, 2025 | 291.90 Mn |
| Sep 30, 2025 | 76.61 Mn |
| Sep 30, 2025 | 76.61 Mn |
| Jun 30, 2025 | 117.94 Mn |
| Jun 30, 2025 | 117.94 Mn |
| Mar 31, 2025 | 512.46 Mn |
| Mar 31, 2025 | 512.46 Mn |
| Dec 31, 2024 | 263.74 Mn |
| Dec 31, 2024 | 263.74 Mn |
| Sep 30, 2024 | 59.63 Mn |
| Sep 30, 2024 | 59.63 Mn |
| Jun 30, 2024 | 71.96 Mn |
| Jun 30, 2024 | 71.96 Mn |
| Mar 31, 2024 | 383.00 Mn |
| Mar 31, 2024 | 383.00 Mn |