ONE Gas (OGS) Invested Capital (2012 - 2026)

ONE Gas (OGS) posted quarterly Invested Capital of $5.9 billion for Q1 2026, up 5.59% YoY from $5.6 billion in Q1 2025, and up 1.21% sequentially from $5.8 billion in Q4 2025.

ONE Gas (OGS) Invested Capital (2012 - 2026) Analysis & Trends

ONE Gas has disclosed Invested Capital across 15 years of filings, most recently posting $5.9 billion for 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 advanced to $5.9 billion in Q1 2026, from $5.8 billion in the prior quarter.
  • Over the last five years, Invested Capital for OGS reached as high as $5.9 billion in Q1 2026 and fell as low as $4.5 billion in Q3 2023.
  • The 5-year median for Invested Capital is $5.0 billion (2024), against an average of $5.1 billion.
  • Annual changes were most pronounced in 2022 — Invested Capital decreased 25.98% — and 2024, when it rose 15.26%.
  • A 5-year view of Invested Capital shows it stood at $5.2 billion in 2022, then declined by 6.1% to $4.9 billion in 2023, then climbed by 11.44% to $5.5 billion in 2024, then advanced by 5.58% to $5.8 billion in 2025, then grew by 1.21% to $5.9 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $5.9 billion, $5.8 billion, and $5.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - 24.53 Bn
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 27.39 Bn
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 6.24 Bn
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 5.93 Bn
5 Black Hills 5.61 Bn 5.58 Bn - 8.29 Bn
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 5.87 Bn
7 Mdu Resources 4.26 Bn 4.20 Bn - 5.50 Bn
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 2.98 Bn
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn 876.68 Mn
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 141.93 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 6.40 Bn