ONEOK (OKE) Interest Coverage Ratio: History & Chart

ONEOK, Inc. (OKE)OKEONEOK, Inc.

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

View full financials

OKE Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

3.25x

INTEREST COVERAGE RATIO AVG TTM

3.77x

INTEREST COVERAGE RATIO AVG 3Y

3.54x

INTEREST COVERAGE RATIO AVG 5Y

4.02x

INTEREST COVERAGE RATIO AVG 10Y

3.70x

INTEREST COVERAGE RATIO AVG 15Y

3.53x

INTEREST COVERAGE RATIO AVG 20Y

3.40x

CURRENT VS TTM AVG

-13.65%

CURRENT VS 3Y AVG

-8.11%

CURRENT VS 5Y AVG

-19.14%

CURRENT VS 10Y AVG

-12.15%

CURRENT VS 15Y AVG

-7.80%

CURRENT VS 20Y AVG

-4.20%

SECTOR MEDIAN · ENERGY

6.56x

median of 40 covered companies

CURRENT VS SECTOR MEDIAN

-50.45%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
ONEOK, Inc. (OKE)	$58.69B	3.25x	3.77x	3.54x	4.02x
Diamondback Energy, Inc. (FANG)vs ›	$57.58B	20.16x	17.63x	25.51x	24.41x
Targa Resources Corp. (TRGP)vs ›	$60.39B	4.04x	3.94x	4.16x	4.09x
Occidental Petroleum Corporation (OXY)vs ›	$56.99B	4.14x	4.61x	7.25x	6.38x
Baker Hughes Company (BKR)vs ›	$56.80B	16.02x	16.55x	13.20x	9.96x
Energy Transfer LP (ET)vs ›	$70.06B	2.84x	2.88x	3.08x	2.92x
Kinder Morgan, Inc. (KMI)vs ›	$73.11B	2.67x	2.51x	2.55x	2.63x
Eni S.p.A. (E)vs ›	$76.03B	0.55x	4.25x	10.14x	9.27x
Suncor Energy Inc. (SU)vs ›	$77.71B	20.86x	22.36x	22.66x	17.91x
EOG Resources, Inc. (EOG)vs ›	$77.97B	36.05x	47.31x	53.80x	49.89x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

ONEOK, Inc. (OKE)

$58.69B

3.25x

3.77x

3.54x

4.02x

Diamondback Energy, Inc. (FANG)vs ›

$57.58B

20.16x

17.63x

25.51x

24.41x

Targa Resources Corp. (TRGP)vs ›

$60.39B

4.04x

3.94x

4.16x

4.09x

Occidental Petroleum Corporation (OXY)vs ›

$56.99B

4.14x

4.61x

7.25x

6.38x

Baker Hughes Company (BKR)vs ›

$56.80B

16.02x

16.55x

13.20x

9.96x

Energy Transfer LP (ET)vs ›

$70.06B

2.84x

2.88x

3.08x

2.92x

Kinder Morgan, Inc. (KMI)vs ›

$73.11B

2.67x

2.51x

2.55x

2.63x

Eni S.p.A. (E)vs ›

$76.03B

0.55x

4.25x

10.14x

9.27x

Suncor Energy Inc. (SU)vs ›

$77.71B

20.86x

22.36x

22.66x

17.91x

EOG Resources, Inc. (EOG)vs ›

$77.97B

36.05x

47.31x

53.80x

49.89x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for ONEOK, Inc. (OKE)?

The interest coverage ratio for OKE stock is 3.25x.

Is ONEOK, Inc.'s interest coverage ratio high or low?

The interest coverage ratio of 3.25x is 24% below its 5-year average of 4.27x, near the low end of its 5-year range (2.86x–9.14x).

What is the TTM average interest coverage ratio for ONEOK, Inc. (OKE)?

The TTM average interest coverage ratio for OKE stock is 3.77x.

What is the 3Y average interest coverage ratio for ONEOK, Inc. (OKE)?

The 3Y average interest coverage ratio for OKE stock is 3.54x.

What is the 5Y average interest coverage ratio for ONEOK, Inc. (OKE)?

The 5Y average interest coverage ratio for OKE stock is 4.02x.

What is the 10Y average interest coverage ratio for ONEOK, Inc. (OKE)?

The 10Y average interest coverage ratio for OKE stock is 3.70x.

What is the 15Y average interest coverage ratio for ONEOK, Inc. (OKE)?

The 15Y average interest coverage ratio for OKE stock is 3.53x.

What is the 20Y average interest coverage ratio for ONEOK, Inc. (OKE)?

The 20Y average interest coverage ratio for OKE stock is 3.40x.

DATE	INTEREST COVERAGE RATIO
2026-03-31	3.25x
2025-12-31	5.95x
2025-09-30	3.46x
2025-06-30	3.32x
2025-03-31	2.86x
2024-12-31	3.50x
2024-09-30	3.50x
2024-06-30	4.12x
2024-03-31	3.55x
2023-12-31	4.13x
2023-09-30	3.89x
2023-06-30	3.36x
2023-03-31	9.14x
2022-12-31	4.71x
2022-09-30	5.05x
2022-06-30	4.78x
2022-03-31	4.53x
2021-12-31	4.49x
2021-09-30	4.27x
2021-06-30	3.69x
2021-03-31	4.03x
2020-12-31	3.88x
2020-09-30	3.28x
2020-06-30	2.05x
2020-03-31	3.76x
2019-12-31	4.07x
2019-09-30	3.78x
2019-06-30	4.12x
2019-03-31	3.98x
2018-12-31	4.02x
2018-09-30	4.39x
2018-06-30	4.25x
2018-03-31	4.62x
2017-12-31	3.64x
2017-09-30	3.18x
2017-06-30	2.75x
2017-03-31	2.96x
2016-12-31	3.05x
2016-09-30	2.84x
2016-06-30	2.65x
2016-03-31	2.63x
2015-12-31	2.19x
2015-09-30	2.66x
2015-06-30	2.66x
2015-03-31	2.03x
2014-12-31	3.55x
2014-09-30	3.39x
2014-06-30	2.83x
2014-03-31	3.10x
2013-12-31	3.27x
2013-09-30	2.81x
2013-06-30	1.57x
2013-03-31	3.40x
2012-12-31	3.58x
2012-09-30	3.41x
2012-06-30	3.27x
2012-03-31	4.30x
2011-12-31	5.31x
2011-09-30	3.37x
2011-06-30	2.87x
2011-03-31	4.17x
2010-12-31	3.47x
2010-09-30	2.64x
2010-06-30	2.37x
2010-03-12	4.41x
2009-12-31	3.56x
2009-09-30	2.39x
2009-07-23	2.11x
2009-03-31	3.76x
2008-12-31	1.79x
2008-09-30	3.13x
2008-06-30	2.09x
2008-03-31	4.73x
2007-12-31	3.18x
2007-09-30	1.91x
2007-06-30	2.84x
2007-03-31	7.51x
2006-12-31	3.22x
2006-09-30	2.44x
2006-03-31	3.27x
2005-06-30	2.46x
2005-03-31	9.60x
2004-12-31	8.67x
2004-09-30	2.41x
2004-06-30	2.29x
2004-03-31	8.40x
2003-12-31	5.09x
2003-09-30	1.36x
2003-06-30	2.71x
2003-03-31	1.78x
2002-12-31	3.61x
2002-09-30	1.61x
2002-06-30	4.79x

DATE

INTEREST COVERAGE RATIO

2026-03-31

3.25x

2025-12-31

5.95x

2025-09-30

3.46x

2025-06-30

3.32x

2025-03-31

2.86x

2024-12-31

3.50x

2024-09-30

3.50x

2024-06-30

4.12x

2024-03-31

3.55x

2023-12-31

4.13x

2023-09-30

3.89x

2023-06-30

3.36x

2023-03-31

9.14x

2022-12-31

4.71x

2022-09-30

5.05x

2022-06-30

4.78x

2022-03-31

4.53x

2021-12-31

4.49x

2021-09-30

4.27x

2021-06-30

3.69x

2021-03-31

4.03x

2020-12-31

3.88x

2020-09-30

3.28x

2020-06-30

2.05x

2020-03-31

3.76x

2019-12-31

4.07x

2019-09-30

3.78x

2019-06-30

4.12x

2019-03-31

3.98x

2018-12-31

4.02x

2018-09-30

4.39x

2018-06-30

4.25x

2018-03-31

4.62x

2017-12-31

3.64x

2017-09-30

3.18x

2017-06-30

2.75x

2017-03-31

2.96x

2016-12-31

3.05x

2016-09-30

2.84x

2016-06-30

2.65x

2016-03-31

2.63x

2015-12-31

2.19x

2015-09-30

2.66x

2015-06-30

2.66x

2015-03-31

2.03x

2014-12-31

3.55x

2014-09-30

3.39x

2014-06-30

2.83x

2014-03-31

3.10x

2013-12-31

3.27x

2013-09-30

2.81x

2013-06-30

1.57x

2013-03-31

3.40x

2012-12-31

3.58x

2012-09-30

3.41x

2012-06-30

3.27x

2012-03-31

4.30x

2011-12-31

5.31x

2011-09-30

3.37x

2011-06-30

2.87x

2011-03-31

4.17x

2010-12-31

3.47x

2010-09-30

2.64x

2010-06-30

2.37x

2010-03-12

4.41x

2009-12-31

3.56x

2009-09-30

2.39x

2009-07-23

2.11x

2009-03-31

3.76x

2008-12-31

1.79x

2008-09-30

3.13x

2008-06-30

2.09x

2008-03-31

4.73x

2007-12-31

3.18x

2007-09-30

1.91x

2007-06-30

2.84x

2007-03-31

7.51x

2006-12-31

3.22x

2006-09-30

2.44x

2006-03-31

3.27x

2005-06-30

2.46x

2005-03-31

9.60x

2004-12-31

8.67x

2004-09-30

2.41x

2004-06-30

2.29x

2004-03-31

8.40x

2003-12-31

5.09x

2003-09-30

1.36x

2003-06-30

2.71x

2003-03-31

1.78x

2002-12-31

3.61x

2002-09-30

1.61x

2002-06-30

4.79x

Interest Coverage Ratio: 3.25x

OKE Interest Coverage Ratio

OKE Average Interest Coverage Ratio Chart

OKE Current vs Average Interest Coverage Ratio Chart

OKE Interest Coverage Ratio Metrics

OKE Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

OKE Interest Coverage Ratio History

Related Metrics