ONE Gas (OGS) EBITDA Margin (2017 - 2026)
ONE Gas (OGS) reported EBITDA Margin of 22.8% for Q1 2026, up 349.0% year-over-year from 5.08% in Q1 2025, and up 12.46% quarter-over-quarter from 20.27% in Q4 2025.
ONE Gas (OGS) EBITDA Margin (2017 - 2026) Analysis & Trends
ONE Gas (OGS) has 10 years of EBITDA Margin data on file, last reported at 22.8% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 22.8%, up 349.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.08% (up 90.0% YoY), and the FY2025 annual result was 18.85%, down 30.0% from the prior year.
- EBITDA Margin rose to 22.8% in Q1 2026 per OGS's latest filing, from 20.27% in the prior quarter.
- Over five years, EBITDA Margin peaked at 22.8% in Q1 2026 and troughed at 12.66% in Q4 2022.
- A 5-year average of 17.16% and a median of 17.25% in 2025 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin plunged 636 bps in 2022, then soared 502 bps in 2023.
- A 5-year view of EBITDA 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.
- Business Quant data shows OGS's EBITDA Margin at 22.8% in Q1 2026, 20.27% in Q4 2025, and 17.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 29.40% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 35.28% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 28.23% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 32.04% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 25.86% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 22.80% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 19.09% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -0.66% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 39.87% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 63.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |