ONE Gas, Inc. Earnings Per Share Disclosure
| Year Ended December 31, 2025 | |||||||||||||||||
| Income | Shares | Per Share Amount | |||||||||||||||
(Thousands, except per share amounts) | |||||||||||||||||
| Basic EPS Calculation | |||||||||||||||||
Net income available for common stock | $ | 264,224 | 60,161 | $ | 4.39 | ||||||||||||
| Diluted EPS Calculation | |||||||||||||||||
| Effect of dilutive securities | — | 352 | |||||||||||||||
| Net income available for common stock and common stock equivalents | $ | 264,224 | 60,513 | $ | 4.37 | ||||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||
| Income | Shares | Per Share Amount | |||||||||||||||
(Thousands, except per share amounts) | |||||||||||||||||
| Basic EPS Calculation | |||||||||||||||||
Net income available for common stock | $ | 222,850 | 56,826 | 3.92 | |||||||||||||
| Diluted EPS Calculation | |||||||||||||||||
| Effect of dilutive securities | — | 207 | |||||||||||||||
| Net income available for common stock and common stock equivalents | $ | 222,850 | 57,033 | $ | 3.91 | ||||||||||||
| Year Ended December 31, 2023 | |||||||||||||||||
| Income | Shares | Per Share Amount | |||||||||||||||
(Thousands, except per share amounts) | |||||||||||||||||
| Basic EPS Calculation | |||||||||||||||||
Net income available for common stock | $ | 231,232 | 55,600 | $ | 4.16 | ||||||||||||
| Diluted EPS Calculation | |||||||||||||||||
| Effect of dilutive securities | — | 260 | |||||||||||||||
| Net income available for common stock and common stock equivalents | $ | 231,232 | 55,860 | $ | 4.14 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 18, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.