ONE Gas (ONE Gas) EBIT : $385 Mil (TTM As of Mar. 2024)

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What is ONE Gas EBIT?

ONE Gas's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $149 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $385 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ONE Gas's annualized ROC % for the quarter that ended in Mar. 2024 was 6.00%. ONE Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ONE Gas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.72%.

ONE Gas EBIT Historical Data

The historical data trend for ONE Gas's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ONE Gas EBIT Chart

ONE Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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292.28

300.50

307.05

345.77

387.07

ONE Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															151.81	66.20	57.26	111.80	149.37

Competitive Comparison of ONE Gas's EBIT

For the Utilities - Regulated Gas subindustry, ONE Gas's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ONE Gas's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ONE Gas's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ONE Gas's EV-to-EBIT falls into.

ONE Gas EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $385 Mil.

ONE Gas (NYSE:OGS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ONE Gas's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	583.44 * ( 1 - 15.84% )	/	( (8136.162	+	8242.878)	/ 2 )
=	491.023104	/	8189.52
=	6.00 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7770.994	-	346.849	-	( 18.835	-	max(0, 1477.221	-	765.204	+	18.835	))
=	8136.162

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7764.037	-	260.988	-	( 11.509	-	max(0, 1403.524	-	663.695	+	11.509	))
=	8242.878

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ONE Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	597.472	/	( ( (6135.212 + max(158.062, 0))	+	(6237.954 + max(230.258, 0)) )	/	2 )
=	597.472	/	( ( 6293.274	+	6468.212 )	/	2 )
=	597.472	/	6380.743
=	9.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(347.864	+	264.746	+	133.759)	-	(346.849	+	62.187	+	179.271)
=	158.062

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(324.505	+	190.8	+	136.881)	-	(260.988	+	58.064	+	102.876)
=	230.258

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

ONE Gas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	384.623	/	6726.142
	=	5.72 %

ONE Gas EBIT Related Terms

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ONE Gas (ONE Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ONE Gas Inc (NYSE:OGS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

OG9:Germany

Address

15 East Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.onegas.com

ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas and is one of the largest natural gas utilities in the U.S.

Executives

Angela Kouplen	officer: See Remarks	2425 SOUTH YUKON, TULSA OK 74107
Deborah Hersman	director	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael G Hutchinson	director	9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Brian F. Brumfield	officer: See remarks	15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
William Kent Shortridge	officer: See Remarks	15 E. 5TH STREET, 34TH FLOOR, TULSA OK 74103
Tracy E Hart	director	15 EAST 5TH STREET, TULSA OK 74103
Jeffrey J Husen	officer: See Remarks	15 EAST 5TH ST., TULSA OK 74103
John William Gibson	director	100 WEST FIFTH STREET, TULSA OK 74103
Arcilia Acosta	director	LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Douglas H Yaeger	director
Pattye L Moore	director	100 WEST FIFTH STREET, TULSA OK 74103
Mark A. Bender	officer: See Remarks	15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Caron A Lawhorn	officer: See Remarks	100 WEST FIFTH STREET, TULSA OK 74103