FORM 10-Q ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended June30, 2026.OR☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from __________ to __________. Commission file number001-36108 ONE Gas, Inc. (Exact name of registrant as specified in its charter) 46-3561936 (I.R.S. Employer Identification No.) 74103(Zip Code) Registrant’s telephone number, including area code(918) 947-7000 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredNew York Stock ExchangeNYSE Texas Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reportingcompany," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ On July24, 2026, the Company had 62,856,270 shares of common stock outstanding. ONE Gas, Inc.TABLE OF CONTENTS Part I.Financial InformationPage No.Item 1.ConsolidatedFinancial Statements (Unaudited)6Consolidated Statements of Income- Three and Six Months Ended June30, 2026 and 20256Consolidated Statements of Comprehensive Income- Three and Six Months Ended June30, 2026 and20257Consolidated Balance Sheets- June30, 2026 and December 31, 20258Consolidated Statements of Cash Flows- Six Months Ended June 30, 2026 and 202510Consolidated Statements of Equity- Three and Six Months Ended June30, 2026 and 202511Notes to Consolidated Financial Statements12Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk38Item 4.Controls and Procedures38Part II.Other Information38Item 1.Legal Proceedings38Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 3.Defaults Upon Senior Securities39Item 4.Mine Safety Disclosures39Item 5.Other Information39Item 6.Exhibits39Signature41 As used in this Quarterly Report, references to “we,” “our,” “us,” or the “Company” refer to ONE Gas, Inc., an Oklahoma corporation,and its predecessors and subsidiaries, unless the context indicates otherwise. The statements in this Quarterly Report that are not historical information, including statements concerning plans and objectives ofmanagement for future operations, economic performance or related assumptions, are forward-looking statements. Forward-lookingstatements may include words such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “should,”“goal,” “forecast,” “guidance,” “could,” “may,” “continue,” “might,” “potential,” “scheduled,” “likely,” and other words andterms of similar meaning. Although we believe that our expectations regarding future events are based on reasonable assumptions, wecan give no assurance that such expectations and assumptions will be achieved. Important factors that could cause actual results todiffer materially from those in the forward-looking statements are described under Part I, Item 2, Management’s Discussion andAnalysis of Financial Condition and Results of Operations, “Forward-Looking Statements,” and Part II, Item 1A, “Risk Factors” inthis Quarterly Report and under Part I, Item 1A, “Risk Factors,” in our Annual Report. AVAILABLE INFORMATION We make available, free of charge, on our website (www.onegas.com) our Annual Reports, Quarterly Reports, Current Reports onForm 8-K, amendments to those reports filed or furnished to the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act andreports of holdings of our securities filed by our officers and directors under Section 16 of the Exchange Act.