Oneok Inc (OKE) financial statements: income statement, balance sheet and cash flow
Oneok Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Oneok Inc reported revenue of $33.6B (+55.0% year on year) and net income of $3.5B (+11.2% year on year).
Income statement
Oneok Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues (Note Q)
$33.6B
$21.7B
$17.7B
—
Cost of sales and fuel (exclusive of items shown separately below)
$23.4B
$13.3B
$11.9B
$17.9B
Operations and maintenance
$2.6B
$2.2B
$1.3B
$958.2M
Depreciation and amortization
$1.5B
$1.1B
$769.0M
$626.1M
General taxes
$378.0M
$334.0M
$216.0M
$191.5M
Transaction costs (Note B)
$81.0M
$73.0M
$158.0M
—
Other operating income, net (Notes A and B)
($43.0M)
($305.0M)
($786.0M)
$106.2M
Operating income
$5.7B
$5.0B
$4.1B
$2.8B
Equity in net earnings from investments (Note N)
$386.0M
$439.0M
$202.0M
$147.7M
Other income, net
$146.0M
$53.0M
$89.0M
($32.1M)
Interest expense
($1.8B)
($1.4B)
—
—
Income before income taxes
$4.5B
$4.1B
$3.5B
$2.2B
Income taxes (Note M)
($1.0B)
($998.0M)
($838.0M)
($527.4M)
Net income
$3.5B
$3.1B
$2.7B
$1.7B
Less: Net income attributable to noncontrolling interests
$69.0M
($77.0M)
—
—
Net income attributable to ONEOK
$3.4B
$3.0B
—
—
Less: Preferred stock dividends
$0
$1.0M
$1.0M
$1.1M
Net income available to common shareholders
$3.4B
$3.0B
$2.7B
$1.7B
Basic EPS (in dollars per share)
$5.43
$5.19
$5.49
$3.85
Diluted EPS (in dollars per share)
$5.42
$5.17
$5.48
$3.84
Basic (in shares)
624.8M
584.6M
484.3M
447.5M
Diluted (in shares)
625.9M
586.5M
485.4M
448.4M
Oneok Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues (Note J)
$12.0B
$9.6B
$8.6B
$7.9B
Cost of sales and fuel (exclusive of items shown separately below)
$9.2B
$7.1B
$6.0B
$5.4B
Operations and maintenance
$715.0M
$634.0M
$639.0M
$618.0M
Depreciation and amortization
$387.0M
$378.0M
$378.0M
$368.0M
General taxes
$108.0M
$112.0M
$99.0M
$88.0M
Transaction costs
$4.0M
$7.0M
$10.0M
$22.0M
Other operating expense (income), net
$0
$6.0M
($12.0M)
$0
Operating income
$1.6B
$1.4B
$1.6B
$1.4B
Equity in net earnings from investments (Note H)
$103.0M
$89.0M
$92.0M
$81.0M
Impairment of equity investments (Note H)
$0
($60.0M)
—
—
Other income, net
$4.0M
$3.0M
$37.0M
$39.0M
Interest expense
($434.0M)
($439.0M)
($450.0M)
($438.0M)
Income before income taxes
$1.3B
$1.0B
$1.2B
$1.1B
Income taxes
($299.0M)
($245.0M)
($297.0M)
($260.0M)
Net income
$967.0M
$776.0M
$940.0M
$853.0M
Less: Net income attributable to noncontrolling interests
$1.0M
$2.0M
$1.0M
($12.0M)
Net income attributable to ONEOK
$966.0M
$774.0M
$939.0M
$841.0M
Basic EPS (Note G) (in dollars per share)
$1.53
$1.23
$1.49
$1.34
Diluted EPS (Note G) (in dollars per share)
$1.53
$1.23
$1.49
$1.34
Basic (in shares)
630.9M
630.7M
630.6M
627.2M
Diluted (in shares)
632.0M
631.6M
631.5M
628.1M
Balance sheet
Oneok Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$78.0M
$733.0M
$338.0M
$220.2M
Accounts receivable, net
$3.0B
$2.3B
$1.7B
$1.5B
Inventories
$948.0M
$748.0M
$639.0M
$431.7M
Other current assets
$452.0M
$431.0M
$252.0M
$171.5M
Total current assets
$4.5B
$4.2B
$3.1B
$2.5B
Property, plant and equipment
$55.5B
$52.3B
$38.5B
$25.0B
Accumulated depreciation and amortization
$7.6B
$6.3B
$5.8B
$5.1B
Net property, plant and equipment (Note E)
$47.9B
$45.9B
$32.7B
$20.0B
Investments in unconsolidated affiliates (Note N)
$2.9B
$2.3B
$1.9B
$801.8M
Goodwill (Note F)
$8.1B
$8.1B
$5.0B
—
Intangible assets, net (Note F)
$2.9B
$3.0B
$1.3B
—
Other assets
$444.0M
$450.0M
$319.0M
$324.1M
Total other assets
$14.3B
$13.9B
$8.5B
$1.9B
Total assets
$66.6B
$64.1B
$44.3B
$24.4B
Current maturities of long-term debt (Note G)
$1.2B
$1.1B
$484.0M
$925.0M
Short-term borrowings (Note G)
$820.0M
—
—
—
Accounts payable
$2.8B
$2.2B
$1.6B
$1.4B
Commodity imbalances
$217.0M
$260.0M
$26.0M
$43.0M
Accrued interest
$499.0M
$511.0M
$381.0M
$233.1M
Other current liabilities
$750.0M
$481.0M
$541.0M
$267.7M
Total current liabilities
$6.4B
$4.7B
$3.5B
$3.1B
Long-term debt, excluding current maturities (Note G)
$30.8B
$31.0B
$21.2B
$12.7B
Deferred income taxes (Note M)
$6.3B
$5.5B
$2.6B
$1.7B
Other deferred credits
$603.0M
$748.0M
$479.0M
$331.1M
Total deferred credits and other liabilities
$7.0B
$6.2B
$3.1B
$2.1B
Preferred stock value
$0
$0
$0
$0
Common stock value
$7.0M
$6.0M
$6.0M
$4.7M
Paid-in capital
$21.0B
$16.4B
$16.3B
$7.3B
Accumulated other comprehensive loss
($27.0M)
($96.0M)
($33.0M)
($108.3M)
Retained earnings
$2.4B
$1.6B
$868.0M
$50.4M
Treasury stock, at cost
($829.0M)
($807.0M)
($677.0M)
($706.2M)
Total ONEOK shareholders' equity
$22.5B
$17.0B
$16.5B
$6.5B
Noncontrolling interests in consolidated subsidiaries
$84.0M
$5.1B
—
—
Total equity
$22.6B
$22.1B
—
—
Total liabilities and equity
$66.6B
$64.1B
$44.3B
$24.4B
Oneok Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$161.0M
$172.0M
$1.2B
$97.0M
Accounts receivable, net
$3.5B
$3.7B
$2.6B
$2.5B
Inventories
$1.1B
$1.1B
$871.0M
$858.0M
Other current assets
$543.0M
$565.0M
$535.0M
$457.0M
Total current assets
$5.3B
$5.5B
$5.2B
$3.9B
Property, plant and equipment
$57.1B
$56.3B
$54.5B
$53.7B
Accumulated depreciation and amortization
$8.3B
$8.0B
$7.3B
$7.0B
Net property, plant and equipment
$48.8B
$48.3B
$47.2B
$46.7B
Investments in unconsolidated affiliates
$3.1B
$3.0B
$2.8B
$2.4B
Goodwill
$8.1B
$8.1B
$8.1B
$8.1B
Intangible assets, net
$2.8B
$2.9B
$2.9B
$3.0B
Other assets
$433.0M
$445.0M
$457.0M
$401.0M
Total other assets
$14.5B
$14.4B
$14.3B
$13.9B
Total assets
$68.5B
$68.2B
$66.6B
$64.5B
Current maturities of long-term debt (Note D)
$750.0M
$1.2B
$1.7B
$1.6B
Short-term borrowings (Note D)
$1.5B
$1.6B
—
$1.2B
Accounts payable
$3.5B
$3.6B
$2.6B
$2.5B
Accrued interest
$459.0M
$515.0M
$450.0M
$474.0M
Other current liabilities
$963.0M
$836.0M
$750.0M
$639.0M
Total current liabilities
$7.2B
$7.8B
$5.7B
$6.6B
Long-term debt, excluding current maturities
$30.8B
$30.8B
$32.0B
$29.6B
Deferred income taxes
$6.9B
$6.5B
$6.1B
$5.8B
Other deferred credits
$599.0M
$609.0M
$626.0M
$574.0M
Total deferred credits and other liabilities
$7.5B
$7.1B
$6.7B
$6.3B
Redeemable noncontrolling interests in consolidated subsidiaries (Note F)
$44.0M
$41.0M
—
—
Common stock
$7.0M
$7.0M
$7.0M
$7.0M
Paid-in capital
$21.0B
$21.0B
$20.9B
$20.9B
Accumulated other comprehensive loss
($28.0M)
($266.0M)
($65.0M)
($63.0M)
Retained earnings
$2.8B
$2.5B
$2.0B
$1.8B
Treasury stock, at cost
($808.0M)
($818.0M)
($843.0M)
($802.0M)
Total ONEOK shareholders' equity
$22.9B
$22.4B
$22.1B
$21.8B
Noncontrolling interests in consolidated subsidiaries
$100.0M
$90.0M
$76.0M
$74.0M
Total equity
$23.0B
$22.4B
$22.2B
$21.9B
Total liabilities, redeemable noncontrolling interests and equity
$68.5B
$68.2B
$66.6B
$64.5B
Cash flow statement
Oneok Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$3.5B
$3.1B
$2.7B
$1.7B
Depreciation and amortization
$1.5B
$1.1B
$769.0M
$626.1M
Equity in net earnings from investments (Note N)
($386.0M)
($439.0M)
($202.0M)
($147.7M)
Distributions received from unconsolidated affiliates
$397.0M
$390.0M
$202.0M
$146.7M
Deferred income taxes (Note M)
$957.0M
$889.0M
$829.0M
$463.4M
Gain on sale of business (Note B)
$0
($227.0M)
—
—
Medford settlement gain (Note A)
$0
$0
($779.0M)
—
Other, net
$35.0M
$72.0M
$83.0M
$91.8M
Accounts receivable
($683.0M)
$49.0M
$107.0M
($87.3M)
Inventories, net of commodity imbalances
($263.0M)
$17.0M
$118.0M
($62.1M)
Accounts payable
$671.0M
$114.0M
($62.0M)
($26.1M)
Other assets and liabilities, net
($105.0M)
($165.0M)
$99.0M
($18.5M)
Cash provided by operating activities
$5.6B
$4.9B
$4.4B
$2.9B
Capital expenditures (less allowance for equity funds used during construction)
($3.2B)
($2.0B)
($1.6B)
($1.2B)
Cash paid for acquisitions, net of cash acquired
($25.0M)
($5.8B)
($5.0B)
—
Proceeds from the sale of business (Note B)
$0
$1.2B
—
—
Purchases of and contributions to unconsolidated affiliates (Note N)
($622.0M)
($111.0M)
($207.0M)
—
Medford settlement proceeds (Note A)
$0
$0
$502.0M
—
Other, net
$48.0M
$97.0M
$35.0M
$42.6M
Cash used in investing activities
($3.8B)
($6.6B)
($6.4B)
($1.1B)
Dividends paid
($2.6B)
($2.3B)
($1.8B)
($1.7B)
Short-term borrowings, net
$820.0M
—
—
$0
Issuance of long-term debt, net of discounts (Note G)
$3.0B
$7.1B
$5.3B
$869.4M
Debt financing costs
($32.0M)
($67.0M)
($71.0M)
—
Repurchase of common stock (Note H)
($75.0M)
($159.0M)
—
—
Delaware Basin JV Acquisition (Note B)
($550.0M)
—
—
—
Extinguishment of long-term debt (Note G)
($3.0B)
($2.0B)
($1.3B)
($895.8M)
Repurchase of EnLink's Series C Preferred Units
$0
($365.0M)
—
—
Other, net
($93.0M)
($68.0M)
$13.0M
($27.3M)
Cash provided by (used in) financing activities
($2.5B)
$2.1B
$2.1B
($1.7B)
Change in cash and cash equivalents
($655.0M)
$395.0M
$118.0M
$73.8M
Cash and cash equivalents at beginning of period
$733.0M
$338.0M
$220.0M
$146.4M
Cash and cash equivalents at end of period
$78.0M
$733.0M
$338.0M
$220.2M
Cash paid for interest, net of amounts capitalized
$1.7B
$1.3B
$653.0M
$581.7M
Oneok Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$1.7B
$776.0M
$2.5B
$1.5B
Depreciation and amortization
$765.0M
$378.0M
$1.1B
$748.0M
Equity in net earnings from investments (Note H)
($192.0M)
($89.0M)
($281.0M)
($189.0M)
Impairment of equity investments (Note H)
$60.0M
$60.0M
—
—
Distributions received from unconsolidated affiliates
$228.0M
$110.0M
$293.0M
$198.0M
Deferred income taxes
$545.0M
$256.0M
$731.0M
$394.0M
Other, net
$87.0M
$48.0M
$47.0M
$23.0M
Accounts receivable
($537.0M)
($656.0M)
($253.0M)
($153.0M)
Inventories, net of commodity imbalances
($140.0M)
($173.0M)
($170.0M)
($140.0M)
Accounts payable
$585.0M
$810.0M
$357.0M
$301.0M
Other assets and liabilities, net
($157.0M)
($126.0M)
($281.0M)
($311.0M)
Cash provided by operating activities
$3.0B
$934.0M
$4.1B
$2.4B
Capital expenditures (less allowance for equity funds used during construction)