ONE Gas, Inc. reported earnings results for the first quarter ended March 31, 2026. For the first quarter, the company reported sales was USD 831.71 million compared to USD 935.19 million a year ago. Net income was USD 128.67 million compared to USD 119.42 million a year ago.
Basic earnings per share from continuing operations was USD 2.05 compared to USD 1.99 a year ago. Diluted earnings per share from continuing operations was USD 2.04 compared to USD 1.98 a year ago.
ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company operates through a single segment: regulated public utilities, which deliver natural gas to residential, commercial and transportation customers. The Company provides natural gas distribution services to approximately 2.3 million customers. The Company has three divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It primarily serves residential, commercial and transportation customers in all three states. The Company’s natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. It distributes natural gas to approximately 89%, 71% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.
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