ONE Gas, Inc. Files 8-K for Material Definitive Agreement
Ticker: OGS · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1587732
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
ONE Gas just filed an 8-K for a big new financial deal.
AI Summary
On October 21, 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, OK, filed this 8-K report on October 22, 2024.
Why It Matters
This filing indicates a significant financial commitment or obligation for ONE Gas, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce financial risks and operational changes for a company.
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
- October 21, 2024 (date) — Date of earliest event reported
- October 22, 2024 (date) — Date of report
- Oklahoma (jurisdiction) — State of incorporation
- Tulsa, OK (location) — Address of principal executive offices
FAQ
What specific type of material definitive agreement did ONE Gas, Inc. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing states that ONE Gas, Inc. has created a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific terms and amounts are not detailed in this section.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 21, 2024.
What is the principal business address of ONE Gas, Inc.?
The principal executive offices of ONE Gas, Inc. are located at 15 East Fifth Street, Tulsa, OK 74103.
What is the standard industrial classification for ONE Gas, Inc.?
The standard industrial classification for ONE Gas, Inc. is NATURAL GAS DISTRIBUTION [4924].
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-10-22 16:05:53
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value OGS New York Stock Exchan
- $1.35 billion — ment . The information related to our $1.35 billion unsecured commercial paper program desc
- $1.275 billion — ggregate principal amount not to exceed $1.275 billion at any time outstanding. The other term
Filing Documents
- d890564d8k.htm (8-K) — 26KB
- 0001193125-24-241043.txt ( ) — 141KB
- ogs-20241021.xsd (EX-101.SCH) — 3KB
- ogs-20241021_lab.xml (EX-101.LAB) — 17KB
- ogs-20241021_pre.xml (EX-101.PRE) — 11KB
- d890564d8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement . The information related to our $1.35 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 October 21, 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 $1.35 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 $1.275 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: October 22, 2024 By: /s/ Christopher P. Sighinolfi Christopher P. Sighinolfi Senior Vice President and Chief Financial Officer