ONEOK INC /NEW/ OKE

Utilities SIC 4923 - Natural Gas Transmisison & Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

We are incorporated under the laws of the state of Oklahoma, and our common stock is listed on the NYSE under the trading symbol "OKE." We deliver energy products and services vital to an advancing world. We are a leading midstream service provider of gathering, processing, fractionation, transportation, storage and marine export services. As one of the largest integrated energy infrastructure companies in North America, we are delivering energy that makes a difference in the lives of people in the U.S. and around the world. Through our approximately 60,000-mile pipeline network, we transport the natural gas, NGLs, Refined Products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future.

Last close 95.83 2026-10-23
Market cap $60.41B 2026-06-30 share count
52-week range 64.02 - 99.84

Valuation FY2025 figures against the last close

P/S1.8x
P/E17.7x
P/FCF24.7x
EV/EBITDA12.7x
Dividend yield4.3%
Diluted EPS5.42

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $33.63B$21.70B$17.68B$22.39B$16.54B$8.54B$10.16B$12.59B$12.17B$8.92B
Cost of revenue $23.37B$13.31B$11.93B$17.91B$12.26B$5.11B$6.79B$9.42B$9.54B$6.50B
Gross profit $10.26B$8.39B$5.75B$4.48B$4.28B$3.43B$3.38B$3.17B$2.64B$2.42B
Operating income $5.74B$4.99B$4.07B$2.81B$2.60B$1.36B$1.91B$1.84B$1.39B$1.30B
Interest expense $1.78B$1.37B$866.0M$676.0M$733.0M$712.9M$491.8M$469.6M$485.7M$469.7M
Pre-tax income $4.49B$4.11B$3.50B$2.25B$1.98B$802.3M$1.65B$1.52B$1.04B$958.0M
Income tax $1.03B$998.0M$838.0M$528.0M$484.0M$189.5M$372.4M$362.9M$447.3M$212.4M
Net income $3.39B$3.04B$2.66B$1.72B$1.50B$612.8M$1.28B$1.15B$387.8M$352.0M
EPS, basic 5.435.195.493.853.361.423.092.801.301.67
EPS, diluted 5.425.175.483.843.351.423.072.781.291.66
Shares, diluted (wtd. avg.) 625.9M586.5M485.4M448.4M447.4M431.8M415.4M414.2M299.8M212.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $78.0M$733.0M$338.0M$220.0M$146.0M$524.0M$21.0M$12.0M$37.2M$248.9M
Receivables $3.01B$2.33B$1.71B$1.53B$1.44B$829.8M$835.1M$819.0M$1.20B$872.4M
Inventory $948.0M$748.0M$639.0M$432.0M$427.9M$227.8M$304.9M$296.7M$342.3M$140.0M
Total current assets $4.49B$4.24B$3.11B$2.55B$2.37B$1.87B$1.47B$1.40B$1.76B$1.43B
Property, plant and equipment $47.86B$45.94B$32.70B$19.95B$19.32B$19.15B$18.35B$14.77B$12.70B$12.57B
Goodwill $8.06B$8.09B$4.95B$528.0M$527.6M$527.6M$681.0M$681.1M$681.1M$525.5M
Other intangibles $2.90B$3.04B$1.32B$225.0M$235.7M$246.1M$276.8M$286.0M$312.4M$479.8M
Total assets $66.64B$64.07B$44.27B$24.38B$23.62B$23.08B$21.81B$18.23B$16.85B$16.14B
Accounts payable $2.84B$2.19B$1.56B$1.36B$1.33B$719.3M$1.21B$1.12B$1.14B$874.7M
Short-term debt $1.24B$1.06B$484.0M$925.0M$895.8M$7.7M$7.7M$507.6M$432.6M$410.6M
Total current liabilities $6.37B$4.72B$3.45B$3.05B$3.18B$1.34B$2.02B$2.11B$2.67B$2.84B
Long-term debt $30.75B$31.02B$21.18B$12.70B$12.75B$14.23B$12.48B$8.87B$8.09B$7.92B
Retained earnings $2.37B$1.58B$868.0M$50.0M$0$0$0$0$0$0
Total equity $22.48B$17.04B$16.48B$6.49B$6.02B$6.04B$6.23B$6.58B$5.69B$3.43B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.60B$4.89B$4.42B$2.91B$2.55B$1.90B$1.95B$2.19B$1.32B$1.35B
Depreciation and amortisation $1.51B$1.13B$769.0M$626.0M$622.0M$578.7M$476.5M$428.6M$406.3M$391.6M
Stock-based compensation ——————$37.1M$31.7M$26.3M$40.6M
Capital expenditure $3.15B$2.02B$1.59B$1.20B$697.0M$2.20B$3.85B$2.14B$512.4M$624.6M
Investing cash flow -$3.75B-$6.61B-$6.40B-$1.14B-$665.0M-$2.27B-$3.77B-$2.11B-$567.6M-$615.4M
Financing cash flow -$2.50B$2.12B$2.10B-$1.69B-$2.26B$875.0M$1.83B-$97.0M-$959.5M-$586.5M
Dividends paid $2.58B$2.31B$1.84B$1.67B$1.67B$1.61B$1.46B$1.34B$829.4M$517.6M
Buybacks $75.0M$159.0M$0$0——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001039684-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 8.9B Gross profit, FY2016: 2.4B Net income, FY2016: 352M Revenue, FY2017: 12.2B Gross profit, FY2017: 2.6B Net income, FY2017: 387.8M Revenue, FY2018: 12.6B Gross profit, FY2018: 3.2B Net income, FY2018: 1.2B Revenue, FY2019: 10.2B Gross profit, FY2019: 3.4B Net income, FY2019: 1.3B Revenue, FY2020: 8.5B Gross profit, FY2020: 3.4B Net income, FY2020: 612.8M Revenue, FY2021: 16.5B Gross profit, FY2021: 4.3B Net income, FY2021: 1.5B Revenue, FY2022: 22.4B Gross profit, FY2022: 4.5B Net income, FY2022: 1.7B Revenue, FY2023: 17.7B Gross profit, FY2023: 5.7B Net income, FY2023: 2.7B Revenue, FY2024: 21.7B Gross profit, FY2024: 8.4B Net income, FY2024: 3B Revenue, FY2025: 33.6B Gross profit, FY2025: 10.3B Net income, FY2025: 3.4B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $8.92B $12.17B $12.59B $10.16B $8.54B $16.54B $22.39B $17.68B $21.70B $33.63B
Gross profit $2.42B $2.64B $3.17B $3.38B $3.43B $4.28B $4.48B $5.75B $8.39B $10.26B
Net income $352.0M $387.8M $1.15B $1.28B $612.8M $1.50B $1.72B $2.66B $3.04B $3.39B

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4923

TickerCompanyMarket capP/ERevenue growth
SWX Southwest Gas Holdings, Inc. $6.60B 15.0x —
CPK CHESAPEAKE UTILITIES CORP $3.24B 22.5x 18.1%
CTRI Centuri Holdings, Inc. $1.95B 77.4x 13.1%
NEXT NextDecade Corp $1.67B — —
RGCO RGC RESOURCES INC $237.8M 17.7x 16.6%
BIPC Brookfield Infrastructure Corp — — 0.1%