ONE Gas, Inc. Enters Material Definitive Agreement
Ticker: OGS · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1587732
| Field | Detail |
|---|---|
| Company | One Gas, INC. (OGS) |
| Form Type | 8-K |
| Filed Date | Jul 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $1.275 billion, $1.2 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
ONE Gas just signed a big deal, expect financial moves.
AI Summary
On July 25, 2024, ONE Gas, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Oklahoma with its principal executive offices in Tulsa, filed an 8-K report on July 30, 2024, detailing this event.
Why It Matters
This filing indicates a significant financial commitment or obligation for ONE Gas, Inc., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Numbers
- 001-36108 — SEC File Number (Identifies the company's filing with the SEC.)
- 46-3561936 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- ONE Gas, Inc. (company) — Registrant
- July 25, 2024 (date) — Date of earliest event reported
- July 30, 2024 (date) — Date of report
- Oklahoma (jurisdiction) — State of incorporation
- Tulsa, OK (location) — Address of principal executive offices
FAQ
What type of material definitive agreement did ONE Gas, Inc. enter into?
The filing indicates the entry into a material definitive agreement that constitutes a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 25, 2024.
What is the principal business address of ONE Gas, Inc.?
The principal executive offices are located at 15 East Fifth Street, Tulsa, OK 74103.
In which state is ONE Gas, Inc. incorporated?
ONE Gas, Inc. is incorporated in Oklahoma.
What is the standard industrial classification for ONE Gas, Inc.?
The standard industrial classification is NATURAL GAS DISTRIBUTION [4924].
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-07-30 16:05:53
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value OGS New York Stock Exchan
- $1.275 billion — ment . The information related to our $1.275 billion unsecured commercial paper program desc
- $1.2 billion — ggregate principal amount not to exceed $1.2 billion at any time outstanding. The other term
Filing Documents
- d852857d8k.htm (8-K) — 27KB
- 0001193125-24-188846.txt ( ) — 142KB
- ogs-20240725.xsd (EX-101.SCH) — 3KB
- ogs-20240725_lab.xml (EX-101.LAB) — 17KB
- ogs-20240725_pre.xml (EX-101.PRE) — 11KB
- d852857d8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement . The information related to our $1.275 billion unsecured commercial paper program described under Item 2.03 below is hereby incorporated by reference under this Item 1.01.
03
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . On July 25, 2024, we increased the size of our commercial paper program to permit the issuance of commercial paper notes in an aggregate principal amount not to exceed $1.275 billion at any time outstanding. Prior to this increase, our commercial paper program permitted us to issue commercial paper notes in an aggregate principal amount not to exceed $1.2 billion at any time outstanding. The other terms and conditions of the commercial paper program, including the form of our commercial paper program Commercial Paper Dealer Agreement, remain as previously described in our Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2014, and such term and conditions as well as the form of Commercial Paper Dealer Agreement are incorporated herein by reference as though fully set forth herein. The commercial paper notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act") or state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The information contained in this Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities. Item9.01
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Form of Commercial Paper Dealer Agreement (incorporated by reference to Exhibit 10.1 to ONE Gas, Inc.'s Current Report on Form 8-K filed on September 10, 2014 (File No. 1-36108)). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. ONE Gas, Inc. Date: July 30, 2024 By: /s/ Christopher P. Sighinolfi Christopher P. Sighinolfi Senior Vice President and Chief Financial Officer