ONE Gas (OGS) Operating Expenses (2013 - 2026)
ONE Gas (OGS) posted quarterly Operating Expenses of $248.5 million for Q1 2026, up 2.61% year-over-year from $242.2 million in Q1 2025, and down 3.57% quarter-over-quarter from $257.7 million in Q4 2025.
ONE Gas (OGS) Operating Expenses (2013 - 2026) Analysis & Trends
ONE Gas (OGS) has reported Operating Expenses for 14 consecutive years, with $248.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 2.61% year-over-year to $248.5 million; the TTM figure through Mar 2026 stood at $977.4 million (up 6.34% YoY), while the FY2025 annual figure was $971.0 million, up 7.14% from the prior year.
- Operating Expenses eased to $248.5 million in Q1 2026 per OGS's latest filing, from $257.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $257.7 million in Q4 2025 and bottomed at $182.2 million in Q2 2022.
- Historically, Operating Expenses has averaged $220.9 million across 5 years, with a median of $221.3 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 13.82% — and 2026, when it increased 2.61%.
- ONE Gas' Operating Expenses stood at $209.9 million in 2022, then climbed by 10.14% to $231.2 million in 2023, then rose by 4.94% to $242.7 million in 2024, then climbed by 6.22% to $257.7 million in 2025, then dropped by 3.57% to $248.5 million in 2026.
- Business Quant data shows OGS's Operating Expenses at $248.5 million in Q1 2026, $257.7 million in Q4 2025, and $237.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.88 Bn | 28.36 Bn | - | - |
| 2 | Nisource | 20.05 Bn | 19.98 Bn | 867.50 Mn | 1.11 Bn |
| 3 | Ugi | 8.27 Bn | 7.80 Bn | 573.00 Mn | 1.38 Bn |
| 4 | New Jersey Resources | 5.61 Bn | 5.57 Bn | 243.61 Mn | 317.29 Mn |
| 5 | Black Hills | 5.58 Bn | 5.50 Bn | - | 355.80 Mn |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 238.68 Mn |
| 7 | Mdu Resources | 4.31 Bn | 4.27 Bn | - | 327.36 Mn |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 149.00 Mn |
| 9 | Centuri Holdings | 2.28 Bn | 2.24 Bn | 69.14 Mn | 37.24 Mn |
| 10 | Brookfield Infrastructure | 2.23 Bn | 1.47 Bn | 572.00 Mn | 22.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 238.68 Mn |
| Mar 31, 2026 | 248.54 Mn |
| Dec 31, 2025 | 257.75 Mn |
| Sep 30, 2025 | 237.13 Mn |
| Jun 30, 2025 | 233.94 Mn |
| Mar 31, 2025 | 242.23 Mn |
| Dec 31, 2024 | 242.65 Mn |
| Sep 30, 2024 | 221.32 Mn |
| Jun 30, 2024 | 212.90 Mn |
| Mar 31, 2024 | 229.46 Mn |
| Dec 31, 2023 | 231.22 Mn |
| Sep 30, 2023 | 207.70 Mn |
| Jun 30, 2023 | 203.85 Mn |
| Mar 31, 2023 | 217.11 Mn |
| Dec 31, 2022 | 209.94 Mn |
| Sep 30, 2022 | 186.11 Mn |
| Jun 30, 2022 | 182.16 Mn |
| Mar 31, 2022 | 190.76 Mn |
| Dec 31, 2021 | 198.89 Mn |
| Sep 30, 2021 | 172.72 Mn |