ONE Gas (OGS) Debt to Equity (2012 - 2026)
ONE Gas (OGS) reported Debt to Equity of $0.68 for Q1 2026, up 0.98% year-over-year from $0.67 in Q1 2025, and down 10.76% quarter-over-quarter from $0.76 in Q4 2025.
ONE Gas (OGS) Debt to Equity (2012 - 2026) Analysis & Trends
ONE Gas (OGS) has 15 years of Debt to Equity data on file, last reported at $0.68 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $0.68, up 0.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.68 (up 0.98% YoY), and the FY2025 annual result was $0.76, up 10.31% from the prior year.
- Debt to Equity declined to $0.68 in Q1 2026 per OGS's latest filing, from $0.76 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.5 in Q1 2022 and troughed at $0.66 in Q2 2024.
- A 5-year average of $0.91 and a median of $0.85 in 2024 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2023: Debt to Equity slumped 41.94% in 2022, then climbed 16.52% in 2023.
- A 5-year view of Debt to Equity shows it stood at $0.91 in 2022, then rose by 16.52% to $1.06 in 2023, then tumbled by 35.26% to $0.69 in 2024, then increased by 10.31% to $0.76 in 2025, then decreased by 10.76% to $0.68 in 2026.
- Business Quant data shows OGS's Debt to Equity at $0.68 in Q1 2026, $0.76 in Q4 2025, and $0.75 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 0.64 |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 1.40 |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 1.25 |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 1.30 |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 1.05 |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 0.68 |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 0.89 |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 0.74 |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 0.12 |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.68 |
| Dec 31, 2025 | 0.76 |
| Sep 30, 2025 | 0.75 |
| Jun 30, 2025 | 0.67 |
| Mar 31, 2025 | 0.67 |
| Dec 31, 2024 | 0.69 |
| Sep 30, 2024 | 0.85 |
| Jun 30, 2024 | 0.66 |
| Mar 31, 2024 | 0.76 |
| Dec 31, 2023 | 1.06 |
| Sep 30, 2023 | 1.00 |
| Jun 30, 2023 | 1.00 |
| Mar 31, 2023 | 0.89 |
| Dec 31, 2022 | 0.91 |
| Sep 30, 2022 | 1.10 |
| Jun 30, 2022 | 1.50 |
| Mar 31, 2022 | 1.50 |
| Dec 31, 2021 | 1.57 |
| Sep 30, 2021 | 1.59 |
| Jun 30, 2021 | 1.76 |