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OGS

ONE Gas, Inc.
CIK 0001587732 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
17.4
composite ยท 3 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2025-12-31 ยท CLEAN21.7

Tax arbitrage

ETR 17.8% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.178,
    "2024-12-31": 0.1404,
    "2023-12-31": 0.149
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.032,
    "2024-12-31": 0.0696,
    "2023-12-31": 0.061
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1587732/000158773226000009/0001587732-26-000009-index.htm",
    "form": "10-K",
    "filed": "2026-02-19"
  }
}
P-07 ยท FY 2014-01-01 ยท CLEAN26.3

Pension underfunding

[FY2014 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 91% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-02-18) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 1100000000,
  "plan_assets": 1000000000,
  "funded_ratio": 0.9091,
  "deficit": -100000000,
  "deficit_vs_equity": 0.0807,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1587732/000158773216000088/0001587732-16-000088-index.htm",
    "form": "10-K",
    "filed": "2016-02-18"
  }
}
P-13 ยท FY 2025-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 3.20x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-19) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 3.203,
    "2024-12-31": 2.709,
    "2023-12-31": 3.274,
    "2022-12-31": 4.515
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 1.155,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 457467000,
    "interest_expense_t": 142809000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1587732/000158773226000009/0001587732-26-000009-index.htm",
    "form": "10-K",
    "filed": "2026-02-19"
  }
}