ONE Gas (ONE Gas) Interest Expense : $-115 Mil (TTM As of Dec. 2023)

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What is ONE Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ONE Gas's interest expense for the three months ended in Dec. 2023 was $ -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-115 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. ONE Gas's Operating Income for the three months ended in Dec. 2023 was $ 107 Mil. ONE Gas's Interest Expense for the three months ended in Dec. 2023 was $ -30 Mil. ONE Gas's Interest Coverage for the quarter that ended in Dec. 2023 was 3.60. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ONE Gas Interest Expense Historical Data

The historical data trend for ONE Gas's Interest Expense 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.

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ONE Gas Interest Expense Chart

ONE Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-62.68

-62.51

-60.30

-77.51

-115.34

ONE Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-26.04	-30.12	-27.49	-27.96	-29.78

ONE Gas Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-115 Mil.

ONE Gas (NYSE:OGS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ONE Gas's Interest Expense for the three months ended in Dec. 2023 was $-30 Mil. Its Operating Income for the three months ended in Dec. 2023 was $107 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,160 Mil.

ONE Gas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	107.135	/	-29.778
	=	3.60

The higher the ratio, the stronger the company's financial strength is.

ONE Gas (ONE Gas) Business Description

Industry

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

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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