ONE Gas (OGS) Operating Expenses (2013 - 2026)
ONE Gas (OGS) reported Operating Expenses of $238.68 million for Q2 2026, up 2.0% from $233.94 million a year earlier but down 4.0% from the prior quarter.
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Analysis
ONE Gas (OGS) Operating Expenses (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, ONE Gas' Operating Expenses came in at $982.1 million, up 4.5% year-over-year; for FY2025, it came in at $971.05 million, up 7.1% from FY2024.
- Operating Expenses has increased for nine consecutive years, with a five-year compound annual growth rate of 7.1% (FY2020 to FY2025).
- By year, Operating Expenses came in at $906.33 million in FY2024 (+5.4%), $859.89 million in FY2023 (+11.8%), $768.96 million in FY2022 (+6.3%) and $723.33 million in FY2021 (+4.9%).
- Five-year quarterly Operating Expenses spans a low of $172.72 million in Q3 2021 and a high of $257.75 million in Q4 2025.
- Year over year, Operating Expenses has now increased in each of the last 33 quarters, with growth averaging 5.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 2.0% (Q2 2026) to 13.8% (Q1 2023).
- Per Business Quant data, the three quarters before Q2 2026 came in at $248.54 million (Q1 2026), $257.75 million (Q4 2025) and $237.13 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | -140.00 Mn |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 4.15 Bn |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 2.41 Bn |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 1.63 Bn |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 1.63 Bn |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 626.05 Mn |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | - |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 813.00 Mn |
| 10 | ONE Gas | 4.50 Bn | 4.39 Bn | 321.35 Mn | 238.68 Mn |
Historic Data
Download Data
Historic 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 |
API Access
ONE Gas Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=OGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "OGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=OGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();