ONEOK, Inc. (OKE)OKEONEOK, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	35.20B	9.62B	9.06B	8.63B	7.89B	8.04B	7.00B	5.02B	4.89B
Cost of Goods Sold	26.77B	7.05B	6.40B	6.98B	6.35B	6.69B	4.84B	3.81B	3.64B
Gross Profit	8.43B	2.56B	2.67B	1.66B	1.54B	1.35B	2.16B	1.21B	1.25B
Gross Profit Margin	23.9%	26.7%	29.4%	19.2%	19.5%	16.8%	30.9%	24.1%	25.6%
Total Operating Expenses	1.30B	1.14B	-25.00M	97.00M	88.00M	91.00M	592.00M	72.00M	22.00M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	634.00M	634.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	7.13B	1.43B	2.69B	1.56B	1.45B	1.26B	1.57B	1.14B	1.23B
Operating Margin	20.3%	14.8%	29.7%	18.0%	18.4%	15.7%	22.4%	22.7%	25.1%
Income Before Tax (EBT)	4.62B	1.02B	1.25B	1.24B	1.11B	888.00M	1.33B	912.00M	1.02B
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	1.78B	439.00M	453.00M	450.00M	438.00M	442.00M	448.00M	325.00M	298.00M
Other Income/Expense	-2.51B	-407.00M	-1.44B	-321.00M	-340.00M	-374.00M	-240.00M	-226.00M	-206.00M
Net Income	3.53B	774.00M	979.00M	939.00M	841.00M	636.00M	923.00M	693.00M	780.00M
Income Tax Expense	1.08B	245.00M	274.00M	297.00M	260.00M	197.00M	328.00M	219.00M	243.00M
Net Profit Margin	10.0%	8.0%	10.8%	10.9%	10.7%	7.9%	13.2%	13.8%	15.9%
EBITDA	8.64B	1.81B	3.08B	1.94B	1.82B	1.64B	1.91B	1.41B	1.49B
EBITDA Margin	24.6%	18.8%	34.0%	22.4%	23.1%	20.4%	27.3%	28.1%	30.5%
Depreciation & Amortization	1.51B	378.00M	388.00M	378.00M	368.00M	380.00M	344.00M	274.00M	262.00M
EPS Basic	5.62	1.23	1.55	1.50	1.34	1.04	1.58	1.18	1.33
EPS Diluted	5.61	1.23	1.55	1.49	1.34	1.04	1.57	1.18	1.33
Shares Outstanding	630.70M	630.70M	630.00M	627.20M	627.20M	611.40M	586.50M	584.80M	584.60M
Diluted Shares Outstanding	631.60M	631.60M	631.20M	628.10M	628.10M	612.50M	586.50M	586.70M	585.80M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	33.63B	21.64B	17.68B	22.87B	17.27B	8.46B	10.11B	12.62B
Cost of Goods Sold	26.41B	16.59B	11.93B	19.75B	14.25B	6.43B	8.13B	10.65B
Gross Profit	7.22B	5.05B	5.75B	3.12B	3.02B	2.03B	1.99B	1.97B
Gross Profit Margin	21.5%	23.3%	32.5%	13.6%	17.5%	24.0%	19.6%	15.6%
Total Operating Expenses	251.00M	29.00M	1.68B	85.23M	166.67M	125.03M	119.16M	103.92M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	6.97B	5.02B	4.07B	3.03B	2.85B	1.90B	1.87B	1.86B
Operating Margin	20.7%	23.2%	23.0%	13.3%	16.5%	22.5%	18.5%	14.8%
Income Before Tax (EBT)	4.49B	4.11B	3.50B	2.25B	1.98B	802.32M	1.65B	1.52B
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	1.78B	1.35B	845.00M	641.73M	692.97M	619.21M	468.54M	451.33M
Other Income/Expense	-2.48B	-911.00M	-575.00M	-784.51M	-868.84M	-1.10B	-215.59M	-346.66M
Net Income	3.40B	3.04B	2.66B	1.72B	1.50B	612.81M	1.28B	1.15B
Income Tax Expense	1.03B	998.00M	838.00M	527.42M	484.50M	189.51M	372.41M	362.90M
Net Profit Margin	10.1%	14.0%	15.0%	7.5%	8.7%	7.2%	12.6%	9.1%
EBITDA	8.48B	6.16B	4.84B	3.66B	3.47B	2.48B	2.34B	2.29B
EBITDA Margin	25.2%	28.4%	27.4%	16.0%	20.1%	29.3%	23.2%	18.2%
Depreciation & Amortization	1.51B	1.13B	769.00M	626.13M	621.70M	578.66M	476.54M	428.56M
EPS Basic	5.43	5.19	5.49	3.85	3.36	1.42	3.09	2.80
EPS Diluted	5.42	5.17	5.48	3.84	3.35	1.42	3.08	2.78
Shares Outstanding	630.00M	586.50M	484.30M	447.51M	446.40M	431.11M	413.56M	411.49M
Diluted Shares Outstanding	631.20M	586.50M	485.40M	448.45M	447.40M	431.78M	415.44M	414.19M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About ONEOK, Inc.

ONEOK, Inc., along with its subsidiaries, functions as a leading energy infrastructure company within the United States. Its primary focus is the comprehensive management of natural gas, encompassing gathering, processing, storage, and transportation. These operations are structured into three distinct segments: Natural Gas Gathering and Processing, Natural Gas Liquids (NGL), and Natural Gas Pipelines. The company owns an extensive system of natural gas gathering pipelines and processing plants, predominantly situated in the Mid-Continent and Rocky Mountain regions. Furthermore, ONEOK manages both federally (FERC) and state-regulated interstate and intrastate natural gas transmission pipelines, alongside crucial natural gas storage facilities. A significant component of ONEOK's business is dedicated to Natural Gas Liquids. The company handles the entire NGL value chain, from collecting, treating, and fractionating to transporting, storing, marketing, and distributing these products. Its NGL infrastructure includes a broad network of gathering and distribution pipelines across Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado. Additionally, NGL terminal and storage assets are maintained in Kansas, Missouri, Nebraska, Iowa, and Illinois. ONEOK also operates pipelines for NGL distribution and refined petroleum products throughout Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, supported by integrated truck and rail loading and unloading facilities connected to its NGL fractionation, storage, and pipeline network. The company's substantial physical footprint comprises approximately 17,500 miles of natural gas gathering pipelines, 1,500 miles of FERC-regulated interstate natural gas pipelines, and 5,100 miles of state-regulated intrastate transmission pipelines. The NGL segment benefits from six storage facilities and eight product terminals. Separately, ONEOK also owns and leases a parking garage and excess office space in downtown Tulsa, Oklahoma. ONEOK serves a wide and varied customer base throughout the energy sector. This includes integrated and independent exploration and production (E&P) companies, natural gas and NGL gathering and processing enterprises, crude oil and natural gas producers, propane distributors, municipalities, and ethanol producers. The company also supports petrochemical, refining, and NGL marketing firms, as well as natural gas distribution utilities, electric power generation companies, and various other energy producers, processors, and marketers. Founded in 1906, ONEOK, Inc. is headquartered in Tulsa, Oklahoma.

Tulsa, OK

6,326 employees

www.oneok.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Pierce H. Norton

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