---
schema_version: "secwatch.filing_event.v1"
accession: "0001587732-24-000064"
form_type: "8-K"
ticker: "OGS"
cik: "0001587732"
company_name: "ONE Gas, Inc."
filed_at: "2024-12-04T23:59:59+00:00"
generated_at: "2026-05-29T08:41:40.759551+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ONE Gas guides 2025 EPS $4.20-$4.32; targets 7-9% avg rate base growth through 2029

## Summary
- 2025 net income guidance range $254M-$261M; diluted EPS $4.20-$4.32 (midpoint $4.26).
- 2025 capex ~$750M, including $180M for customer extensions; avg rate base $5.8B.
- Five-year capex $750M-$850M/yr ($4B total); avg rate base growth 7-9% per year through 2029.
- Operating cost growth trimmed to ~4% annually (from 5%); dividend growth 1-2%/yr, payout 55-65%.
- Expects to settle ~$245M of forward equity year-end 2024; ~$30M roll to 2025.

## SEC filing metadata
- accession: 0001587732-24-000064
- form_type: 8-K
- ticker: OGS
- cik: 0001587732
- company_name: ONE Gas, Inc.
- filed_at: 2024-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587732/000158773224000064/0001587732-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587732/000158773224000064/ogs-20241204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587732-24-000064
- JSON: https://secwatch.observer/filing/0001587732-24-000064.json
- Plain text: https://secwatch.observer/filing/0001587732-24-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.