ONE Gas, Inc.

ONE Gas operates as a regulated natural gas distribution utility serving residential, commercial, industrial, and wholesale customers across Oklahoma, Kansas, and Texas. The company's primary business is distributing natural gas through an owned network of approximately 43,200 miles of distribution pipelines and 2,200 miles of transmission pipelines. It generates revenue primarily through regulated rates charged for gas distribution services to approximately 2.3 million end customers.

The company's customer base spans multiple segments including residential households, commercial establishments, industrial facilities, and transportation operators. ONE Gas operates under state regulatory oversight in each of its three states, with rates and service terms subject to public utility commission approval. The company maintains its own pipeline infrastructure to deliver natural gas directly to end users rather than through third-party networks.

With 4,000 full-time employees, ONE Gas manages utility operations across its three-state territory from its headquarters in Tulsa, Oklahoma. The company was established in 1906 and incorporated in Oklahoma. As a regulated utility, its business model emphasizes consistent service delivery and capital investment in pipeline maintenance and system modernization to serve its existing customer base.