One of the largest pure-play natural gas utilities in the US, ONE Gas delivers natural gas to homes and businesses through three local brands: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. The company was created in 2014 when its former parent ONEOK spun off its gas distribution arm, and its roots stretch back to the Oklahoma Natural Gas Company, founded in 1906. The "One" in its name keeps the branding of ONEOK, which itself took its name from Oklahoma Natural Gas.
ONE Gas prices $375M 5.45% Senior Notes due 2036 in public offering
ONE Gas, Inc. entered into an underwriting agreement on August 11, 2026, with BofA Securities, RBC Capital Markets, and Truist Securities for the sale of $375 million aggregate principal amount of 5.45% Senior Notes due 2036.
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The offering was completed on August 13, 2026, under a shelf registration statement on Form S-3 that became effective on February 23, 2026.
Net proceeds are expected to be used to repay a $250 million unsecured term loan, amounts outstanding under its commercial paper program, and for general corporate purposes.
The notes are governed by a base indenture dated August 13, 2026, and a first supplemental indenture, with U.S. Bank Trust Company, National Association as trustee.
Affiliates of certain underwriters are lenders under ONE Gas's credit facility, term loan, and dealers under its $1.5 billion commercial paper program.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
ONE Gas amends by-laws to allow Board chair to serve on committees with voting rights.
On August 4, 2026, ONE Gas, Inc.'s Board of Directors approved amended and restated by-laws.
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The amended by-laws allow the Board chair to be appointed as a full voting member of one or more standing or special committees.
Unless otherwise determined by the Board, the chair may serve as an ex-officio member of all standing committees and shall chair any executive committee.
In an ex-officio capacity, the chair may attend meetings and participate in discussions but has no voting rights, is not counted for quorum, and is not a committee member for independence or qualification purposes.
The amended by-laws are filed as Exhibit 3.1 to the 8-K report.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits
ONE Gas raises 2026 adjusted earnings guidance to upper half of ranges after strong Q2
Second quarter 2026 adjusted net income was $52.1 million, or $0.82 per diluted share, up from $32.7 million, or $0.54 per diluted share, in Q2 2025.
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Second quarter 2026 GAAP net income was $46.8 million, or $0.74 per diluted share, compared with $32.0 million, or $0.53 per diluted share, in the prior-year quarter.
The company raised its 2026 adjusted net income expectations to the upper half of the $306 million to $314 million range and adjusted EPS to the upper half of the $4.83 to $4.95 range.
The board declared a quarterly dividend of $0.68 per share, payable August 31, 2026, to shareholders of record on August 17, 2026.
Operating income for Q2 2026 was $82.7 million, up from $71.9 million in Q2 2025, driven by new rates and customer growth.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
ONE Gas expands board to nine, appoints Nickolas Stavropoulos as director
On July 13, 2026, ONE Gas expanded its Board of Directors from eight to nine members and appointed Nickolas Stavropoulos to fill the new position.
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Stavropoulos, 68, is the retired COO of Pacific Gas & Electric and National Grid, with over 40 years in the energy industry.
He will serve on the Board's Audit, Corporate Governance, and Executive Compensation Committees.
He will receive a prorated annual retainer of $105,000 and a prorated stock retainer valued at $140,000, both through May 19, 2027.
Stavropoulos currently serves on the board of Ameresco (NYSE: AMRC) and has no reportable transactions or family relationships with ONE Gas.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
ONE Gas shareholders elect eight directors and approve auditor, ESPP amendment, and executive compensation at 2026 annual meeting.
All eight director nominees were elected to one-year terms expiring at the 2027 annual meeting, with votes for each ranging from about 51.8 million to 52.6 million.
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ONE Gas, Inc. held its annual shareholder meeting on May 21, 2026, and filed the results on May 27, 2026.
Shareholders ratified PricewaterhouseCoopers LLP as independent auditor for fiscal year 2026, with 57,586,251.467 votes for and 733,188.569 against.
The amendment and restatement of the Employee Stock Purchase Plan, authorizing an additional 700,000 shares, was approved with 52,792,722.505 votes for.
The advisory vote on executive compensation was approved with 51,731,901.856 votes for and 1,258,420.038 against.
5.07 Submission of Matters to a Vote of Security Holders
ONE Gas to participate in Bank of America Power, Utilities and Cleantech Conference on May 27, 2026.
Curtis Dinan, president and COO, and Christopher Sighinolfi, SVP and CFO, will hold meetings with the investment community at the conference.
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ONE Gas, Inc. announced on May 26, 2026, that it will participate in the Bank of America Power, Utilities and Cleantech Conference on May 27, 2026, in New York City.
Conference materials are available on ONE Gas's website at www.onegas.com/investors/events-and-presentations.
The disclosure was made under Item 7.01 Regulation FD and is furnished, not filed, under the Exchange Act.
The company is a 100% regulated natural gas utility serving over 2.3 million customers in Kansas, Oklahoma, and Texas.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits