Core Viewpoint - ONE Gas, Inc. has announced a public offering of 2,500,000 shares of its common stock, aiming for gross proceeds of approximately $197.5 million, with the offering expected to close on May 12, 2025 [1][4]. Group 1: Offering Details - The public offering is priced at approximately $197,500,000, assuming no additional shares are purchased by the underwriter [1]. - ONE Gas has granted the underwriter an option to purchase up to 375,000 additional shares [1]. - The forward sale agreement involves selling 2,500,000 shares, with a potential increase to 2,875,000 shares if the underwriter's option is fully exercised [3]. Group 2: Financial Implications - ONE Gas will not initially receive proceeds from the forward sale unless it is required to sell shares directly to the underwriter [4]. - The company intends to use any net proceeds for general corporate purposes, including debt repayment, working capital, and capital expenditures [4]. Group 3: Company Overview - ONE Gas is a regulated natural gas utility, trading under the symbol "OGS" on the New York Stock Exchange [7]. - The company serves over 2.3 million customers across Kansas, Oklahoma, and Texas, with divisions including Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service [8].