secwatch.observer — SEC 8-K summary
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Issuer:     ONE Gas, Inc. (OGS)
CIK:        0001587732
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001193125-26-064564
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONE Gas enters equity distribution agreement to sell up to $225M in common stock
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- Equity distribution agreement allows sale of up to $225M in common stock via multiple agents at market prices.
- Program includes forward sale agreements; proceeds received only upon physical settlement at company's election.
- Managers receive 2% commission on shares sold; certain affiliates are lenders under existing credit facilities.
- Company may use proceeds to repay revolving credit facility or commercial paper, benefiting lending affiliates.
- No obligation to sell shares; sales may be suspended at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587732/000119312526064564/0001193125-26-064564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587732/000119312526064564/d53514d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-064564

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