ONE Gas (OGS) Invested Capital (2012 - 2026)
ONE Gas (OGS) posted quarterly Invested Capital of $5.9 billion for Q1 2026, up 5.59% year-over-year from $5.6 billion in Q1 2025, and up 1.21% quarter-over-quarter from $5.8 billion in Q4 2025.
ONE Gas (OGS) Invested Capital (2012 - 2026) Analysis & Trends
ONE Gas (OGS) has reported Invested Capital for 15 consecutive years, with $5.9 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Invested Capital rose 5.59% year-over-year to $5.9 billion; the TTM figure through Mar 2026 stood at $5.9 billion (up 5.59% YoY), while the FY2025 annual figure was $5.8 billion, up 5.58% from the prior year.
- Invested Capital climbed to $5.9 billion in Q1 2026 per OGS's latest filing, from $5.8 billion in the prior quarter.
- Across five years, Invested Capital topped out at $5.9 billion in Q1 2026 and bottomed at $4.5 billion in Q3 2023.
- Historically, Invested Capital has averaged $5.1 billion across 5 years, with a median of $5.0 billion in 2024.
- Annual changes were most pronounced in 2022 — Invested Capital decreased 25.98% — and 2024, when it rose 15.26%.
- ONE Gas' Invested Capital stood at $5.2 billion in 2022, then fell by 6.1% to $4.9 billion in 2023, then grew by 11.44% to $5.5 billion in 2024, then climbed by 5.58% to $5.8 billion in 2025, then increased by 1.21% to $5.9 billion in 2026.
- Business Quant data shows OGS's Invested Capital at $5.9 billion in Q1 2026, $5.8 billion in Q4 2025, and $5.5 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.00 Bn | 28.47 Bn | - | 25.07 Bn |
| 2 | Nisource | 20.18 Bn | 20.11 Bn | 867.50 Mn | 27.51 Bn |
| 3 | Ugi | 8.27 Bn | 7.79 Bn | 573.00 Mn | 18.00 Mn |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 5.84 Bn |
| 5 | Black Hills | 5.59 Bn | 5.51 Bn | - | 410.00 Mn |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 5.88 Bn |
| 7 | Mdu Resources | 4.33 Bn | 4.28 Bn | - | 4.70 Mn |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.28 Bn | 150.20 Mn | 2.99 Bn |
| 9 | Centuri Holdings | 2.24 Bn | 2.20 Bn | 69.14 Mn | 14.00 Mn |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | 12.79 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.88 Bn |
| Mar 31, 2026 | 5.87 Bn |
| Dec 31, 2025 | 5.80 Bn |
| Sep 30, 2025 | 5.54 Bn |
| Jun 30, 2025 | 5.56 Bn |
| Mar 31, 2025 | 5.56 Bn |
| Dec 31, 2024 | 5.49 Bn |
| Sep 30, 2024 | 5.20 Bn |
| Jun 30, 2024 | 4.97 Bn |
| Mar 31, 2024 | 4.98 Bn |
| Dec 31, 2023 | 4.93 Bn |
| Sep 30, 2023 | 4.51 Bn |
| Jun 30, 2023 | 4.53 Bn |
| Mar 31, 2023 | 4.53 Bn |
| Dec 31, 2022 | 5.25 Bn |
| Sep 30, 2022 | 4.88 Bn |
| Jun 30, 2022 | 4.74 Bn |
| Mar 31, 2022 | 4.73 Bn |
| Dec 31, 2021 | 6.03 Bn |
| Sep 30, 2021 | 6.00 Bn |