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ONE Gas, Inc. Announces Public Offering of 2,500,000 Shares of Common Stock
ONE Gas, Inc. ("ONE Gas") (NYSE: OGS) announced today that it plans to make a public offering of 2,500,000 shares of its common stock. In connection with the offering, ONE Gas intends to enter into a forward sale agreement with JPMorgan Chase Bank, National Association, referred to in such capacity as the forward purchaser. In connection with the forward sale agreement, the forward purchaser or its affiliate, acting as forward seller, at ONE Gas' request, expects to borrow from third parties and
About this update from One Gas, Inc.
[{"type":"text","content":"TULSA, Okla., May 8, 2025 /PRNewswire/ -- ONE Gas, Inc. ("ONE Gas") (NYSE: OGS) announced today that it plans to make a public offering of 2,500,000 shares of its common stock. In connection with the offering, ONE Gas intends to enter into a forward sale agreement with JPMorgan Chase Bank, National Association, referred to in such capacity as the forward purchaser. In connection with the forward sale agreement, the forward purchaser or its affiliate, acting as forward seller, at ONE Gas' request, expects to borrow from third parties and sell 2,500,000 shares of ONE Gas' common stock to the underwriter in the offering in connection with the forward sale agreement described below. As part of the offering, ONE Gas intends to grant to the underwriter an option to purchase up to 375,000 additional shares of ONE Gas' common stock. If such option is exercised, ONE Gas may, in its sole discretion, enter into an additional forward sale agreement with the forward purchaser with respect to such additional shares, and ONE Gas currently expects that, if such option is exercised, it will do so.","length":1125,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/ONE Gas, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/ONE Gas, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":111,"url":"https://media.zenfs.com/en/prnewswire.com/1fb76f13693ab27be2ea7e0c34208b3e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/M4AGgZAZb7MY0c9EL7negw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1fb76f13693ab27be2ea7e0c34208b3e","width":400,"height":111}},"href":"https://mma.prnewswire.com/media/1424336/ONE_Gas_v1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"J.P. Morgan Securities LLC is acting as the sole underwriter for the offering and proposes to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.","length":410,"tagName":"p"},{"type":"text","content":"Pursuant to the terms of the forward sale agreement, ONE Gas will agree to sell to the fo...