financial statements

The full income statement, balance sheet, and cash-flow statement for ONEOK Inc. (OKE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	33.6B YoY+55.0%	21.7B YoY+22.7%	17.7B YoY-21.0%	22.4B YoY+35.4%	16.5B YoY+93.6%
Cost of revenue	23.4B YoY+75.6%	13.3B YoY+11.6%	11.9B YoY-33.4%	17.9B YoY+46.1%	12.3B YoY+139.9%
Amortization of intangibles	138M YoY+122.6%	62.0M YoY+87.9%	33.0M YoY+230.0%	10.0M YoY+0.0%	10.0M YoY-7.4%
Operating income	5.74B YoY+15.1%	4.99B YoY+22.5%	4.07B YoY+45.1%	2.81B YoY+8.1%	2.60B YoY+90.7%
Interest expense	1.78B YoY+30.1%	1.37B YoY+58.3%	866M YoY+28.1%	676M YoY-7.8%	733M YoY+2.8%
Other non-operating income	146M YoY+175.5%	53.0M YoY-40.4%	89.0M YoY+406.9%	-29.0M YoY-2800.0%	-1.00M YoY-104.1%
Equity-method income	386M YoY-12.1%	439M YoY+117.3%	202M YoY+36.5%	148M YoY+21.3%	122M YoY-14.8%
Pre-tax income	4.49B YoY+9.2%	4.11B YoY+17.5%	3.50B YoY+55.4%	2.25B YoY+13.4%	1.98B YoY+147.3%
Income tax	1.03B YoY+3.0%	998M YoY+19.1%	838M YoY+58.7%	528M YoY+9.1%	484M YoY+155.4%
	3.39B YoY+11.8%	3.04B YoY+14.1%	2.66B YoY+54.4%	1.72B YoY+14.8%	1.50B YoY+144.8%
Net income to non-controlling interest	69.0M YoY-10.4%	77.0M	0.00	0.00	—
Preferred dividends	0.00 YoY-100.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY-9.1%
Net income to common	3.39B YoY+11.8%	3.03B YoY+14.1%	2.66B YoY+54.4%	1.72B YoY+14.8%	1.50B YoY+145.1%
	$5.42 YoY+4.8%	$5.17 YoY-5.7%	$5.48 YoY+42.7%	$3.84 YoY+14.6%	$3.35 YoY+135.9%
EPS (basic)	$5.43 YoY+4.6%	$5.19 YoY-5.5%	$5.49 YoY+42.6%	$3.85 YoY+14.6%	$3.36 YoY+136.6%
Weighted-avg shares (basic)	625M YoY+6.9%	585M YoY+20.7%	484M YoY+8.2%	448M YoY+0.2%	446M YoY+3.5%
Weighted-avg shares (diluted)	626M YoY+6.7%	587M YoY+20.8%	485M YoY+8.3%	448M YoY+0.2%	447M YoY+3.6%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.49B YoY+5.9%	4.24B YoY+36.4%	3.11B YoY+22.0%	2.55B YoY+7.3%	2.37B YoY+27.0%
Cash & equivalents	78.0M YoY-89.4%	733M YoY+116.9%	338M YoY+53.6%	220M YoY+50.3%	146M YoY-72.1%
Accounts receivable	3.01B YoY+29.4%	2.33B YoY+36.4%	1.71B YoY+11.3%	1.53B YoY+6.3%	1.44B YoY+73.8%
Inventory	948M YoY+26.7%	748M YoY+17.1%	639M YoY+47.9%	432M YoY+1.0%	428M YoY+87.8%
Other current assets	452M YoY+4.9%	431M YoY+1.2%	426M YoY+147.7%	172M YoY+3.8%	166M YoY+25.0%
	66.6B YoY+4.0%	64.1B YoY+44.7%	44.3B YoY+81.6%	24.4B YoY+3.2%	23.6B YoY+2.4%
Property, plant & equipment	47.9B YoY+4.2%	45.9B YoY+40.5%	32.7B YoY+63.9%	20.0B YoY+3.3%	19.3B YoY+0.9%
Operating lease right-of-use	245M YoY+11.4%	220M YoY+111.5%	104M	—	—
Goodwill	8.06B YoY-0.4%	8.09B YoY+63.4%	4.95B YoY+837.9%	528M YoY+0.1%	528M YoY+0.0%
Intangible assets	2.90B YoY-4.5%	3.04B YoY+130.9%	1.32B YoY+484.9%	225M YoY-4.5%	236M YoY-4.2%
Other non-current assets	444M YoY-1.3%	450M YoY+41.1%	319M YoY-1.5%	324M YoY-11.6%	366M YoY-22.9%
	6.37B YoY+34.9%	4.72B YoY+36.7%	3.45B YoY+13.1%	3.05B YoY-4.2%	3.18B YoY+136.9%
Accounts payable	2.84B YoY+29.8%	2.19B YoY+39.8%	1.56B YoY+15.1%	1.36B YoY+2.0%	1.33B YoY+85.2%
Deferred revenue	112M YoY+0.0%	112M YoY+7.7%	104M YoY+352.2%	23.0M YoY-34.8%	35.3M YoY+48.9%
Short-term & current debt	1.24B YoY+17.2%	1.06B YoY+118.8%	484M YoY-47.7%	925M YoY+3.3%	896M YoY+11610.0%
Current lease liability	54.0M YoY-12.9%	62.0M YoY+169.6%	23.0M YoY+91.7%	12.0M YoY-12.9%	13.8M YoY+1.3%
Other current liabilities	967M YoY+37.7%	702M YoY+24.5%	564M YoY+327.3%	132M YoY-66.8%	398M YoY+379.3%
Long-term debt	30.8B YoY-0.8%	31.0B YoY+46.4%	21.2B YoY+66.8%	12.7B YoY-0.4%	12.7B YoY-10.4%
Deferred revenue (non-current)	38.0M YoY+0.0%	38.0M YoY-17.4%	46.0M YoY+58.6%	29.0M YoY+79.0%	16.2M YoY-8.5%
Non-current lease liability	183M YoY+18.8%	154M YoY+108.1%	74.0M YoY+8.8%	68.0M YoY-10.1%	75.6M YoY-13.7%
Deferred tax liabilities	6.35B YoY+16.5%	5.45B YoY+110.1%	2.59B YoY+49.2%	1.74B YoY+49.1%	1.17B YoY+74.2%
Other non-current liabilities	603M YoY-19.4%	748M YoY+35.3%	553M YoY+67.1%	331M YoY-23.4%	432M YoY-38.8%
	22.5B YoY+32.0%	17.0B YoY+3.3%	16.5B YoY+153.8%	6.49B YoY+7.9%	6.02B YoY-0.4%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	7.00M YoY+16.7%	6.00M YoY+0.0%	6.00M YoY+20.0%	5.00M YoY+5.3%	4.75M YoY+0.0%
Additional paid-in capital	21.0B YoY+28.2%	16.4B YoY+0.2%	16.3B YoY+125.0%	7.25B YoY+0.5%	7.21B YoY-1.9%
Retained earnings	2.37B YoY+50.3%	1.58B YoY+81.9%	868M YoY+1636.0%	50.0M	0.00
Treasury stock	829M YoY+2.7%	807M YoY+19.2%	677M YoY-4.1%	706M YoY-3.6%	732M YoY-4.2%
Accumulated other comprehensive income	-27.0M YoY+71.9%	-96.0M YoY-190.9%	-33.0M YoY+69.4%	-108M YoY+77.1%	-471M YoY+14.5%
Non-controlling interest	84.0M YoY-98.4%	5.10B	0.00	0.00	0.00
Total equity incl. non-controlling	22.6B YoY+2.0%	22.1B YoY+34.3%	16.5B YoY+153.8%	6.49B YoY+7.9%	6.02B YoY-0.4%
Total liabilities & equity	66.6B YoY+4.0%	64.1B YoY+44.7%	44.3B YoY+81.6%	24.4B YoY+3.2%	23.6B YoY+2.4%
Common shares issued	656M YoY+7.6%	610M YoY+0.0%	610M YoY+28.4%	475M YoY+0.0%	475M YoY+0.0%
Common shares outstanding	630M YoY+8.0%	583M YoY+0.0%	583M YoY+30.4%	447M YoY+0.2%	446M YoY+0.3%
Shares outstanding (cover)	629M YoY+7.7%	584M YoY+0.3%	583M YoY+30.3%	447M YoY+0.2%	446M YoY+0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.60B YoY+14.5%	4.89B YoY+10.6%	4.42B YoY+52.1%	2.91B YoY+14.1%	2.55B YoY+34.1%
Depreciation & amortization	1.51B YoY+33.5%	1.13B YoY+47.5%	769M YoY+22.8%	626M YoY+0.6%	622M YoY+7.5%
Deferred income taxes	957M YoY+7.6%	889M YoY+7.2%	829M YoY+78.7%	464M YoY-1.7%	472M YoY+152.8%
Change in inventory	263M YoY+1647.1%	-17.0M YoY+85.6%	-118M YoY-290.3%	62.0M YoY-41.0%	105M YoY+160.9%
Change in payables	671M YoY+488.6%	114M YoY+283.9%	-62.0M YoY-138.5%	-26.0M YoY-104.2%	622M YoY+875.0%
Other operating activities	35.0M YoY-51.4%	72.0M YoY-13.3%	83.0M YoY-9.8%	92.0M YoY-2.1%	94.0M YoY+166.1%
	-3.75B YoY+43.3%	-6.61B YoY-3.2%	-6.40B YoY-462.2%	-1.14B YoY-71.3%	-665M YoY+70.7%
Capital expenditure	3.15B YoY+56.0%	2.02B YoY+26.7%	1.59B YoY+32.7%	1.20B YoY+72.5%	697M YoY-68.3%
Acquisitions	25.0M YoY-99.6%	5.83B YoY+16.2%	5.01B	0.00	0.00
Other investing activities	-48.0M YoY+67.8%	-149M YoY-75.3%	-85.0M YoY-1114.3%	-7.00M YoY+50.0%	-14.0M YoY-113.1%
	-2.50B YoY-218.1%	2.12B YoY+0.9%	2.10B YoY+224.1%	-1.69B YoY+25.1%	-2.26B YoY-358.2%
Long-term debt issued	2.99B YoY-57.9%	7.09B YoY+33.9%	5.30B YoY+509.7%	869M	0.00 YoY-100.0%
Long-term debt repaid	2.98B YoY+48.7%	2.00B YoY+54.1%	1.30B YoY+45.1%	896M YoY+48.1%	605M YoY-58.5%
Net short-term debt	820M	0.00	0.00	0.00	0.00 YoY+100.0%
Common stock issued	—	—	—	32.4M YoY-1.1%	32.8M YoY-96.6%
Common stock repurchased	75.0M YoY-52.8%	159M	0.00	0.00	—
Dividends paid	2.58B YoY+11.7%	2.31B YoY+25.8%	1.84B YoY+10.0%	1.67B YoY+0.3%	1.67B YoY+3.8%
Other financing activities	-93.0M YoY-36.8%	-68.0M YoY-623.1%	13.0M YoY-7.1%	14.0M YoY+7.7%	13.0M YoY+122.8%
Net change in cash	-655M YoY-265.8%	395M YoY+234.7%	118M YoY+59.5%	74.0M YoY+119.6%	-378M YoY-175.1%
Interest paid	1.73B YoY+33.5%	1.30B YoY+98.6%	653M YoY+12.2%	582M YoY-15.9%	692M YoY-9.1%
Income taxes paid	74.0M YoY-27.5%	102M YoY+175.7%	37.0M YoY-37.3%	59.0M YoY+555.6%	9.00M YoY+2531.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	46.2B YoY-21.1%	58.7B YoY+43.4%	40.9B YoY+39.3%	29.4B YoY+12.1%	26.2B YoY+53.6%
P/E	13.6× YoY-29.5%	19.3× YoY+51.0%	12.8× YoY-29.5%	18.2× YoY+4.0%	17.5× YoY-37.2%
P/S	1.4× YoY-49.1%	2.7× YoY+50.3%	1.8× YoY+39.6%	1.3× YoY-18.6%	1.6× YoY-20.7%
P/B	2.1× YoY-40.3%	3.4× YoY+78.5%	1.9× YoY-58.5%	4.7× YoY+6.8%	4.4× YoY+54.3%
P/FCF	18.9× YoY-7.6%	20.5× YoY+72.1%	11.9× YoY-26.0%	16.1× YoY+13.3%	14.2×
Earnings yield	7.3% YoY+41.8%	5.2% YoY-33.8%	7.8% YoY+41.9%	5.5% YoY-3.8%	5.7% YoY+59.3%
FCF yield	5.3% YoY+8.2%	4.9% YoY-41.9%	8.4% YoY+35.1%	6.2% YoY-11.8%	7.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: OKE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all OKE filings on SEC EDGAR → Not investment advice.

OKE▼ financial statements

About this data

financial statements