IPO - ONE Gas, Inc.

Form Type: 424B5

Filing Date: 2025-05-09

Corporate Action: Ipo

Type: New

Accession Number: 000119312525116181

Filing Summary: ONE Gas, Inc. is planning to offer 2,500,000 shares of its common stock through a forward sale agreement with JPMorgan Chase Bank as the forward purchaser. The offering is part of a preliminary prospectus supplement related to a base prospectus dated February 23, 2023. The common stock, which has a par value of $0.01 per share, is listed on the New York Stock Exchange under the symbol 'OGS'. A total of 59,930,626 shares of common stock are outstanding prior to this offering, and approximately 62,430,626 shares will be outstanding after the forward sale agreement is settled, assuming physical settlement. The expected timeline for receiving proceeds from this agreement is no later than December 31, 2026, with various risks associated, including potential dilution of earnings per share if shares are issued. The underwriter will purchase shares from the forward seller at market prices, with proceeds being subject to adjustment based on the terms of the forward sale agreement. This offering does not constitute a solicitation of an offer to buy these securities in unauthorized jurisdictions.

Form Type: 8-K

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: New

Accession Number: 000158773225000030

Filing Summary: On May 8, 2025, ONE Gas, Inc. announced its plans to undertake a public offering of 2,500,000 shares of its common stock. The Company intends to engage in a forward sale agreement with JPMorgan Chase Bank, National Association, who will act as the forward purchaser. Additionally, an underwriting agreement will be established with J.P. Morgan Securities LLC, serving both as underwriter and forward seller. As part of this offering, an option will be granted to the underwriter to purchase up to 375,000 additional shares of common stock.