ONE Gas, Inc. - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - February 22, 2018

Attached files

file	filename
EX-32.2 - DINAN CERTIFICATION SECTION 906 - ONE Gas, Inc.	ogs10-k2017exhibit322.htm
EX-32.1 - NORTON CERTIFICATION SECTION 906 - ONE Gas, Inc.	ogs10-k2017exhibit321.htm
EX-31.2 - DINAN CERTIFICATION SECTION 302 - ONE Gas, Inc.	ogs10-k2017exhibit312.htm
EX-31.1 - NORTON CERTIFICATION SECTION 302 - ONE Gas, Inc.	ogs10-k2017exhibit311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ONE Gas, Inc.	ogs10-k2017exhibit231.htm
EX-21.1 - SUBSIDIARIES OF ONE GAS, INC. - ONE Gas, Inc.	ogs10-k2017exhibit211.htm
EX-10.28 - OGS NONQUALIFIED DEFERRED COMP PLAN - ONE Gas, Inc.	ogs10-k2017exhibit1028.htm
EX-10.15 - OGS 2018 PSU AGREEMENT - ONE Gas, Inc.	ogs10-k2017exhibit1015.htm
EX-10.14 - OGS 2018 RSU AGREEMENT - ONE Gas, Inc.	ogs10-k2017exhibit1014.htm
EX-10.11 - OGS EQUITY COMPENSATION PLAN - ONE Gas, Inc.	ogs10-k2017exhibit1011.htm
EX-10.8 - OGS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN - ONE Gas, Inc.	ogs10-k2017exhibit108.htm
10-K - ONE GAS, INC. 2018 10-K - ONE Gas, Inc.	onegas10-k2017.htm

Exhibit 12.1

ONE Gas, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands)



(Unaudited)	2017				2016				2015				2014				2013

Fixed charges, as defined:
Interest on long-term debt	$	49,022			$	47,340			$	47,170			$	48,380			$	62,635
Interest on lease agreements	2,902				2,869				1,673				1,661				1,602
Total fixed charges	51,924				50,209				48,843				50,041				64,237
Earnings before income taxes	256,138				225,338				192,009				178,128				161,467
Earnings available for fixed charges	$	308,062			$	275,547			$	240,852			$	228,169			$	225,704
Ratio of earnings to fixed charges	5.93			x	5.49			x	4.93			x	4.56			x	3.51			x