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

ONE Gas has disclosed Net Margin across 10 years of filings, most recently posting 15.47% for Q1 2026.

• In Q1 2026, Net Margin rose 270.0% year-over-year to 15.47%; the TTM figure through Mar 2026 stood at 11.77% (up 102.0% YoY), while the FY2025 annual figure was 10.88%, up 19.0% from the prior year.
• Net Margin improved to 15.47% in Q1 2026, from 12.52% in the prior quarter.
• Over the last five years, Net Margin for OGS reached as high as 15.47% in Q1 2026 and fell as low as 5.66% in Q3 2024.
• The 5-year median for Net Margin is 8.21% (2023), against an average of 9.63%.
• Annual changes were most pronounced in 2022 — Net Margin tumbled 510 bps — and 2023, when it jumped 348 bps.
• A 5-year view of Net Margin shows it stood at 8.19% in 2022, then surged by 42 bps to 11.67% in 2023, then rose by 5 bps to 12.21% in 2024, then rose by 3 bps to 12.52% in 2025, then gained by 24 bps to 15.47% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 15.47%, 12.52%, and 6.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.