ONE Gas (OGS) Debt Ratio (2012 - 2026)

ONE Gas (OGS) reported Debt Ratio of 0.27 for Q1 2026, up 5.47% year-over-year from 0.26 in Q1 2025, and down 8.26% quarter-over-quarter from 0.29 in Q4 2025.

ONE Gas (OGS) Debt Ratio (2012 - 2026) Analysis & Trends

ONE Gas (OGS) has 15 years of Debt Ratio data on file, last reported at 0.27 in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.27, up 5.47% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.27 (up 5.47% YoY), and the FY2025 annual result was 0.29, up 16.33% from the prior year.
  • Debt Ratio declined to 0.27 in Q1 2026 per OGS's latest filing, from 0.29 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.44 in Q2 2022 and troughed at 0.24 in Q2 2024.
  • A 5-year average of 0.32 and a median of 0.3 in 2024 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2023 and 2024: Debt Ratio increased 24.78% in 2023, then slumped 33.52% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.3 in 2022, then increased by 24.78% to 0.38 in 2023, then sank by 32.97% to 0.25 in 2024, then advanced by 16.33% to 0.29 in 2025, then fell by 8.26% to 0.27 in 2026.
  • Business Quant data shows OGS's Debt Ratio at 0.27 in Q1 2026, 0.29 in Q4 2025, and 0.28 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - 0.31
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 0.46
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 0.42
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 0.43
5 Black Hills 5.49 Bn 5.46 Bn - 0.39
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 0.27
7 Mdu Resources 4.39 Bn 4.33 Bn - 0.34
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn 0.28
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 0.05
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn 0.00

Historic Data

Download Data
DateValue
Mar 31, 2026 0.27
Dec 31, 2025 0.29
Sep 30, 2025 0.28
Jun 30, 2025 0.26
Mar 31, 2025 0.26
Dec 31, 2024 0.25
Sep 30, 2024 0.30
Jun 30, 2024 0.24
Mar 31, 2024 0.28
Dec 31, 2023 0.38
Sep 30, 2023 0.35
Jun 30, 2023 0.36
Mar 31, 2023 0.32
Dec 31, 2022 0.30
Sep 30, 2022 0.37
Jun 30, 2022 0.44
Mar 31, 2022 0.44
Dec 31, 2021 0.44
Sep 30, 2021 0.45
Jun 30, 2021 0.50