Is the ONE Gas dividend safe?
At risk
ONE Gas pays 3.3% a year while carrying heavy debt.
The numbers behind it
Dividend yield3.3%
Paid out of free cash flow–
Paid out of profit61%
Debt in years of earnings4.3 years
How we decide
We look at how much of its free cash flow a company hands out. Under 60% leaves room, 60% to 90% is tight, and above 90% or heavy debt puts the dividend at risk.
More questions about ONE Gas
Data as of Nov 13, 2026.