ONE Gas (OGS) EBIT Margin (2017 - 2026)

ONE Gas (OGS) posted quarterly EBIT Margin of 22.8% for Q1 2026, up 349.0% YoY from 5.08% in Q1 2025, and up 12.46% sequentially from 20.27% in Q4 2025.

ONE Gas (OGS) EBIT Margin (2017 - 2026) Analysis & Trends

ONE Gas has disclosed EBIT Margin across 10 years of filings, most recently posting 22.8% for Q1 2026.

  • In Q1 2026, EBIT Margin rose 349.0% year-over-year to 22.8%; the TTM figure through Mar 2026 stood at 20.08% (up 90.0% YoY), while the FY2025 annual figure was 18.85%, down 30.0% from the prior year.
  • EBIT Margin advanced to 22.8% in Q1 2026, from 20.27% in the prior quarter.
  • Over the last five years, EBIT Margin for OGS reached as high as 22.8% in Q1 2026 and fell as low as 12.66% in Q4 2022.
  • The 5-year median for EBIT Margin is 17.25% (2025), against an average of 17.16%.
  • Annual changes were most pronounced in 2022 — EBIT Margin slumped 636 bps — and 2023, when it soared 502 bps.
  • A 5-year view of EBIT Margin shows it stood at 12.66% in 2022, then surged by 40 bps to 17.68% in 2023, then rose by 11 bps to 19.71% in 2024, then grew by 3 bps to 20.27% in 2025, then increased by 12 bps to 22.8% in 2026.
  • According to Business Quant data, EBIT Margin over the past three periods registered 22.8%, 20.27%, and 17.25% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - 38.97%
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 35.28%
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 28.23%
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 32.04%
5 Black Hills 5.61 Bn 5.58 Bn - 25.86%
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 22.80%
7 Mdu Resources 4.26 Bn 4.20 Bn - 19.09%
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 39.87%
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn -0.66%
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 24.82%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.80%
Dec 31, 2025 20.27%
Sep 30, 2025 17.25%
Jun 30, 2025 16.96%
Mar 31, 2025 19.30%
Dec 31, 2024 19.71%
Sep 30, 2024 17.46%
Jun 30, 2024 19.56%
Mar 31, 2024 19.23%
Dec 31, 2023 17.68%
Sep 30, 2023 17.03%
Jun 30, 2023 16.08%
Mar 31, 2023 14.46%
Dec 31, 2022 12.66%
Sep 30, 2022 13.09%
Jun 30, 2022 13.65%
Mar 31, 2022 14.49%
Dec 31, 2021 14.65%
Sep 30, 2021 15.26%
Jun 30, 2021 16.19%