ONE Gas (OGS) Debt to Equity (2012 - 2026)
ONE Gas (OGS) posted quarterly Debt to Equity of $0.68 for Q1 2026, up 0.98% YoY from $0.67 in Q1 2025, and down 10.76% sequentially from $0.76 in Q4 2025.
ONE Gas (OGS) Debt to Equity (2012 - 2026) Analysis & Trends
ONE Gas has disclosed Debt to Equity across 15 years of filings, most recently posting $0.68 for Q1 2026.
- In Q1 2026, Debt to Equity rose 0.98% year-over-year to $0.68; the TTM figure through Mar 2026 stood at $0.68 (up 0.98% YoY), while the FY2025 annual figure was $0.76, up 10.31% from the prior year.
- Debt to Equity retreated to $0.68 in Q1 2026, from $0.76 in the prior quarter.
- Over the last five years, Debt to Equity for OGS reached as high as $1.5 in Q1 2022 and fell as low as $0.66 in Q2 2024.
- The 5-year median for Debt to Equity is $0.85 (2024), against an average of $0.91.
- Annual changes were most pronounced in 2022 — Debt to Equity plunged 41.94% — and 2023, when it climbed 16.52%.
- 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 sank 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.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.68, $0.76, and $0.75 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | 0.64 |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 1.40 |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 1.25 |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 1.30 |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 1.05 |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 0.68 |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | 0.89 |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 0.12 |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | 0.74 |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 86,320.31 |
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 |