OKE · Oneok Inc /New/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.62B | - | $8.63B | $7.89B | $8.04B | - | $5.02B | $4.89B | $4.78B | - |
| Cost of Revenue | $7.05B | - | $5.96B | $5.36B | $5.66B | - | $3.03B | $2.89B | $2.90B | - |
| Gross Profit | $2.56B | - | $2.67B | $2.53B | $2.39B | - | $2.00B | $2.00B | $1.88B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $378.00M | - | $378.00M | $368.00M | $380.00M | - | $274.00M | $262.00M | $254.00M | - |
| Operating Income | $1.43B | - | $1.56B | $1.43B | $1.22B | - | $1.13B | $1.23B | $1.06B | - |
| Interest Expense | $439.00M | - | $450.00M | $438.00M | $300.00M | - | $215.00M | $180.00M | $300.00M | - |
| Income Tax | $245.00M | - | $297.00M | $260.00M | $197.00M | - | $219.00M | $243.00M | $208.00M | - |
| Net Income | $774.00M | - | $939.00M | $841.00M | $639.00M | - | $692.00M | $780.00M | $639.00M | - |
| EPS - Basic | $1.23 | - | $1.49 | $1.34 | $1.04 | - | $1.18 | $1.33 | $1.09 | - |
| EPS - Diluted | $1.23 | - | $1.49 | $1.34 | $1.04 | - | $1.18 | $1.33 | $1.09 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $172.00M | $78.00M | $1.20B | $97.00M | $141.00M | $733.00M | $579.00M | $36.00M | $65.00M | $338.00M |
| Accounts Receivable | $3.67B | $3.01B | $2.58B | $2.48B | $2.65B | $2.33B | $1.25B | $1.33B | $1.70B | $1.71B |
| Inventory | $1.14B | $948.00M | $871.00M | $858.00M | $905.00M | $748.00M | $616.00M | $671.00M | $798.00M | $639.00M |
| Accounts Payable | $3.57B | $2.84B | $2.57B | $2.45B | $2.44B | $2.19B | $1.25B | $1.27B | $1.48B | $1.56B |
| Current Assets | $5.54B | $4.49B | $5.18B | $3.90B | $4.12B | $4.24B | $2.88B | $2.48B | $2.95B | $3.11B |
| Total Assets | $68.20B | $66.64B | $66.62B | $64.52B | $64.26B | $64.07B | $51.05B | $44.53B | $44.39B | $44.27B |
| Current Liabilities | $7.81B | $6.37B | $5.74B | $6.65B | $6.18B | $4.72B | $3.56B | $3.98B | $4.19B | $3.45B |
| Long-term Debt | $30.76B | $30.75B | $31.99B | $29.63B | $29.78B | $31.02B | $26.88B | $20.34B | $20.45B | $21.18B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $22.36B | $22.48B | $22.08B | $21.83B | $21.36B | $17.04B | $16.89B | $16.71B | $16.45B | $16.48B |
| Retained Earnings | $2.47B | $2.37B | $2.05B | $1.76B | $1.57B | $1.58B | $1.24B | $1.13B | $927.00M | $868.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $934.00M | - | - | - | $904.00M | - | - | - | $596.00M | - |
| Investing Cash Flow | ($1.01B) | - | - | - | ($694.00M) | - | - | - | ($578.00M) | - |
| Financing Cash Flow | $167.00M | - | - | - | ($802.00M) | - | - | - | ($291.00M) | - |
| CapEx | $864.00M | - | - | - | $629.00M | - | - | - | $512.00M | - |
| Free Cash Flow | $70.00M | - | - | - | $275.00M | - | - | - | $84.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.7% | - | 30.9% | 32.0% | 29.7% | - | 39.7% | 40.9% | 39.4% | - |
| Operating margin | 14.8% | - | 18.0% | 18.1% | 15.2% | - | 22.5% | 25.1% | 22.3% | - |
| EBITDA margin | 18.8% | - | 22.4% | 22.8% | 19.9% | - | 27.9% | 30.5% | 27.6% | - |
| Net margin | 8.0% | - | 10.9% | 10.7% | 7.9% | - | 13.8% | 15.9% | 13.4% | - |
| Free cash flow margin | 0.7% | - | - | - | 3.4% | - | - | - | 1.8% | - |
| FCF / Net income | 0.09 | - | - | - | 0.43 | - | - | - | 0.13 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 24.0% | - | 24.0% | 23.6% | 23.6% | - | 24.0% | 23.8% | 24.6% | - |
| Return on assets | 1.1% | - | 1.4% | 1.3% | 1.0% | - | 1.4% | 1.8% | 1.4% | - |
| Return on equity | 3.5% | - | 4.3% | 3.9% | 3.0% | - | 4.1% | 4.7% | 3.9% | - |
| Return on invested capital | 2.0% | - | 2.2% | 2.1% | 1.8% | - | 2.0% | 2.5% | 2.2% | - |
| Liquidity | ||||||||||
| Current ratio | 0.71 | 0.71 | 0.90 | 0.59 | 0.67 | 0.90 | 0.81 | 0.62 | 0.70 | 0.90 |
| Quick ratio | 0.56 | 0.56 | 0.75 | 0.46 | 0.52 | 0.74 | 0.64 | 0.45 | 0.51 | 0.72 |
| Cash ratio | 0.02 | 0.01 | 0.21 | 0.01 | 0.02 | 0.16 | 0.16 | 0.01 | 0.02 | 0.10 |
| Leverage | ||||||||||
| Debt / Equity | 1.38 | 1.37 | 1.45 | 1.36 | 1.39 | 1.82 | 1.59 | 1.22 | 1.24 | 1.29 |
| Debt / Assets | 0.45 | 0.46 | 0.48 | 0.46 | 0.46 | 0.48 | 0.53 | 0.46 | 0.46 | 0.48 |
| Debt / EBITDA | 17.03 | - | 16.52 | 16.47 | 18.61 | - | 19.17 | 13.64 | 15.51 | - |
| Interest coverage | 3.3x | - | 3.5x | 3.3x | 4.1x | - | 5.2x | 6.8x | 3.5x | - |
| Equity multiplier | 3.05 | 2.96 | 3.02 | 2.96 | 3.01 | 3.76 | 3.02 | 2.67 | 2.70 | 2.69 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.13 | 0.12 | 0.13 | - | 0.10 | 0.11 | 0.11 | - |
| Inventory turnover | 6.21 | - | 6.85 | 6.25 | 6.25 | - | 4.91 | 4.31 | 3.63 | - |
| Days sales outstanding | 139d | - | 109d | 115d | 120d | - | 91d | 99d | 130d | - |
| Days inventory outstanding | 59d | - | 53d | 58d | 58d | - | 74d | 85d | 101d | - |
| Days payable outstanding | 185d | - | 157d | 167d | 157d | - | 150d | 160d | 186d | - |
| Cash conversion cycle | 13d | - | 5d | 6d | 21d | - | 15d | 23d | 44d | - |
| Valuation | ||||||||||
| P / E | 73.5x | - | 49.0x | 60.9x | 95.4x | - | 77.2x | 61.3x | 73.6x | - |
| P / B | 2.6x | - | 2.1x | 2.3x | 2.8x | - | 3.2x | 2.9x | 2.9x | - |
| P / S | 5.9x | - | 5.3x | 6.5x | 7.6x | - | 10.6x | 9.8x | 9.8x | - |
| EV / EBITDA | 48.6x | - | 39.7x | 44.9x | 56.5x | - | 56.9x | 45.7x | 51.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.6% | - | 71.9% | 61.2% | 68.2% | - | 19.9% | 31.1% | 5.8% | - |
| Revenue CAGR (3y) | 28.6% | - | 13.4% | 9.6% | 13.9% | - | 3.5% | 13.0% | 14.4% | - |
| Revenue CAGR (5y) | 24.7% | - | 31.8% | 36.6% | 30.4% | - | 17.3% | 14.8% | 11.5% | - |
| Gross profit growth (YoY) | 7.4% | - | 33.9% | 26.2% | 26.8% | - | 43.6% | 60.2% | 60.5% | - |
| Operating income growth (YoY) | 17.0% | - | 38.1% | 16.4% | 14.7% | - | 52.6% | 66.8% | -28.9% | - |
| Net income growth (YoY) | 21.1% | - | 35.7% | 7.8% | 0.0% | - | 52.8% | 66.7% | -39.1% | - |
| EPS growth (YoY) | 18.3% | - | 26.3% | 0.8% | -4.6% | - | 19.2% | 27.9% | -53.4% | - |
| EPS CAGR (3y) | -19.3% | - | 15.8% | 13.4% | 6.1% | - | 10.3% | 20.0% | 8.2% | - |
| EPS CAGR (5y) | 7.4% | - | 16.3% | 33.2% | - | - | 9.8% | 12.1% | 6.1% | - |
| FCF growth (YoY) | -74.5% | - | - | - | 227.4% | - | - | - | -91.0% | - |
| FCF CAGR (5y) | -27.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.6% | 32.0% | 30.8% | 30.6% | 29.9% | 3.3% | 3.6% | 131.5% | 130.6% | 153.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$38.58B totalNatural Gas Liquids$16.01B · 41.5%
Refined Products And Crude Oil$13.04B · 33.8%
Natural Gas Gathering And Processing$7.68B · 19.9%
Wholly Owned Interstate Natural Gas Pipelines$1.85B · 4.8%
Product / service
$41.57B totalCommodity Sales$28.88B · 69.5%
Services$4.75B · 11.4%
Liquids Commodity$4.37B · 10.5%
Residue Natural Gas Sales$2.14B · 5.1%
Exchange Services And Natural Gas Gathering And Processing Revenue$1.14B · 2.7%
Transportationand Storage Revenue$258.00M · 0.6%
Other$38.00M · 0.1%
Peer comparison
Same SIC group: Natural Gas Transmisison & Distribution
Comparing ONEOK INC /NEW/ against the 5 most active filers in the same SIC group.
Dividends
$4.20/share trailing 12 months · +4.0% YoY
| Ex-date | Per share |
|---|---|
| May 4, 2026 | $1.0700 |
| Feb 2, 2026 | $1.0700 |
| Nov 3, 2025 | $1.0300 |
| Aug 1, 2025 | $1.0300 |
| May 5, 2025 | $1.0300 |
| Feb 3, 2025 | $1.0300 |
| Nov 1, 2024 | $0.9900 |
| Aug 1, 2024 | $0.9900 |
| Apr 30, 2024 | $0.9900 |
| Jan 29, 2024 | $0.9900 |
| Oct 31, 2023 | $0.9550 |
| Jul 31, 2023 | $0.9550 |
| Apr 28, 2023 | $0.9550 |
| Jan 27, 2023 | $0.9550 |
| Oct 31, 2022 | $0.9350 |
| Jul 29, 2022 | $0.9350 |
| Apr 29, 2022 | $0.9350 |
| Jan 28, 2022 | $0.9350 |
| Oct 29, 2021 | $0.9350 |
| Jul 30, 2021 | $0.9350 |
| Apr 23, 2021 | $0.9350 |
| Jan 29, 2021 | $0.9350 |
| Oct 30, 2020 | $0.9350 |
| Jul 31, 2020 | $0.9350 |