ONEOK, Inc. logo OKE - ONEOK, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 18
HOLD 21
SELL 0
STRONG
SELL
0
| PRICE TARGET: $92.50 DETAILS
HIGH: $104.00
LOW: $80.00
MEDIAN: $91.00
CONSENSUS: $92.50
DOWNSIDE: 1.63%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 33,629 21,638 17,677 22,870.5 17,272.1 8,456.8 10,114.0 12,622.9 12,243.3 8,894.8 7,682.1 12,216.1 14,582.2 12,483.0 14,760.1 12,861.0 11,297.9 16,154.8 13,477.4 11,896.1 12,676.2 5,988.1 2,999.0 2,104.3 6,803.1 6,642.9 808.9 1,835.4 1,161.9 1,224.3 949.9 792.4 789.1
Cost of Revenue 26,411 16,588 11,929 19,751.1 14,252.4 6,430.8 8,128.3 10,654.4 10,638.7 7,556.0 6,601.4 10,982.4 13,102.3 11,346.6 13,685.9 11,983.6 10,522.1 15,162.8 12,565.5 11,063.3 11,521.5 4,932.6 1,862.5 1,128.6 5,894.4 5,845.7 523.5 1,220.0 726 807.7 567.8 432.4 0
Gross Profit 7,218 5,050 5,748 3,119.4 3,019.7 2,026.0 1,985.7 1,968.5 1,604.6 1,338.8 1,080.7 1,233.8 1,479.9 1,136.4 1,074.2 877.4 775.8 991.9 911.9 832.8 1,154.8 1,055.5 1,136.5 975.7 908.8 797.1 285.3 615.4 435.9 416.6 382.1 360 789.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 552.5 498.8 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 251 29 1,676 85.2 166.7 125.0 119.2 103.9 98.4 88.8 87.6 75.7 118.3 102.9 94.7 91.2 101.0 82.3 85.9 78.1 67.5 66.7 690.4 604.2 613.6 463.2 199.4 412.4 307.7 296.2 277.1 268.5 0
Operating Expenses 251 29 1,676 85.2 166.7 125.0 119.2 103.9 98.4 88.8 87.6 75.7 118.3 102.9 94.7 91.2 101.0 82.3 85.9 78.1 620.0 565.5 690.4 604.2 613.6 463.2 199.4 412.4 307.7 296.2 277.1 268.5 0
Operating Income
Operating Income 6,967 5,021 4,072 3,034.2 2,853.0 1,901.0 1,866.6 1,864.6 1,506.2 1,249.9 993.1 1,158.0 1,361.6 1,033.6 979.5 786.2 674.8 909.6 825.9 754.7 534.8 490.0 446.1 371.5 295.2 333.9 86.0 202.9 128.2 120.4 105 91.5 789.1
Interest Expense 1,783 1,351 845 641.7 693.0 619.2 468.5 451.3 464.6 450.4 399.2 334.2 319.6 295.1 296.5 292.3 302.1 264.2 256.3 239.7 147.6 103.5 200.1 109.0 140.6 79.6 27.9 35.1 34.1 34.6 36.9 34.2 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 7,787 6,595 5,111 3,517.5 3,298.9 2,000.2 2,596.1 2,397.8 1,911.8 1,800.0 1,275.7 1,448.8 1,444.4 1,575.4 1,592.2 1,354.7 1,289.6 1,302.6 1,167.0 1,197.7 971.4 684.3 588.7 521.4 390.3 468.5 129.2 290.5 202.1 193 155 144.3 789.1
EBIT 6,273 5,461 4,342 2,891.4 2,677.2 1,421.5 2,119.5 1,969.3 1,505.4 1,408.4 921.1 1,154.1 1,060.0 1,239.6 1,280.1 1,047.4 1,000.6 1,058.7 939.0 962.2 788.0 495.6 427.9 371.5 255.6 324.5 83.6 188.8 128.1 120.1 105.1 91.7 789.1
Income Before Tax 4,490 4,110 3,497 2,249.6 1,984.2 802.3 1,651.0 1,517.9 1,040.8 958.0 521.9 819.9 740.3 944.4 983.6 755.2 698.5 794.5 682.7 722.4 645.7 392.1 344.8 258.5 155.9 233.8 58.1 168.4 94.1 85.8 68.1 57.3 0
Income Tax Expense 1,028 998 838 527.4 484.5 189.5 372.4 362.9 447.3 212.4 136.6 151.2 163.4 215.2 226.0 213.8 207.3 194.1 184.6 193.8 242.5 150.0 130.5 102.5 52.2 90.3 22.7 66.6 34.8 33 25.3 21.1 750.7
Net Income 3,395 3,035 2,659 1,722 1,500 612.8 1,278.6 1,151.7 387.8 352.0 245.0 314.1 266.5 360.6 360.6 334.6 305.5 311.9 304.9 306.3 546.5 242.2 112.5 166.6 101.6 145.6 35.3 101.8 59.3 52.8 42.8 36.2 38.4
Per Share Data
EPS (Basic) 5.43 5.19 5.49 3.85 3.36 1.42 3.09 2.80 1.30 1.67 1.17 1.50 1.29 1.75 1.72 1.57 1.45 1.50 1.42 1.37 2.72 1.19 0.74 0.70 0.43 0.62 0.19 0.61 0.53 0.48 0.40 0.34 0.36
EPS (Diluted) 5.42 5.17 5.48 3.84 3.35 1.42 3.08 2.78 1.29 1.66 1.16 1.49 1.27 1.71 1.68 1.55 1.44 1.48 1.40 1.34 2.53 1.15 0.61 0.70 0.43 0.62 0.18 0.56 0.53 0.48 0.40 0.34 0.36
Shares Outstanding 630 586.5 484.3 447.5 446.4 431.1 413.6 411.5 297.5 211.1 210.2 209.4 206.0 206.1 209.3 212.7 210.7 208.7 214.7 224.0 200.9 203.9 161.1 199.8 198.9 116.9 121.7 121.8 110.6 108.6 107.3 106.9 106.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Current Assets
Cash & Cash Equivalents 78 733 338 220 146.4 524.5 21.0 12.0 37.2 248.9 29.4 510.1 9.5 12.2 73.5 28.2 0.2 0.1 0.1 14.4 0.6 12.5 4.5
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 113.0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,010 2,326 1,705 1,532.3 1,441.8 829.8 835.1 820.7 1,203.0 872.4 1,438.0 1,265.3 1,432.4 970.1 773.0 677.8 1,627.7 371.3 177.6 100.9 119.3 81.8 51
Inventory 948 748 787 580.7 580.9 371.0 506.7 437.8 432.6 200.9 583.1 859.0 615.5 519.4 75.5 148.1 75.9 134.9 138.4 78.3 91.5 82.1 94.5
Other Current Assets 452 431 278 214.5 205.3 144.5 107.6 128.2 91.7 107.4 530.0 743.3 461.4 378.0 704.6 707.8 1,621.1 87.5 22.0 13.7 21.7 17.7 19.3
Total Current Assets 4,488 4,238 3,108 2,547.8 2,374.4 1,869.8 1,470.3 1,398.6 1,764.5 1,429.7 2,588.5 3,377.6 2,518.8 1,879.7 1,626.6 1,562.0 3,325.0 593.7 338.1 207.3 233.1 194.1 169.3
Non-Current Assets
Property, Plant & Equipment 47,861 46,155 32,697 19,952.5 19,319.9 19,154.9 18,348.7 14,766.7 12,698.1 12,571.4 7,793.7 7,263.8 3,786.8 3,691.8 3,015.0 3,273.0 3,095.5 2,121.8 1,686.2 843.3 795 765.9 737.5
Goodwill 8,058 8,091 4,952 527.6 527.6 527.6 681.0 681.1 681.1 525.5 602.8 602.8 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 2,901 3,039 1,316 225.3 235.7 246.1 276.8 286.0 312.4 479.8 427.7 435.4 1,432.4 970.1 773.0 677.8 1,627.7 371.3 177.6 0 0 0 0
Long-Term Investments 2,889 2,316 1,874 801.8 797.6 805.0 861.8 969.1 1,003.2 958.8 765.2 755 (16.9) (150.8) (130,328) (499.4) 0 0 0 0 0 0 0
Other Non-Current Assets 444 230 319 324 366.5 475.3 173.4 130.1 180.8 173.5 626.7 691.0 1,166.4 471.1 984.6 1,149.2 846.5 443.3 320.8 182 191.8 219.2 230.2
Total Non-Current Assets 62,153 59,831 41,158 21,831 21,247.2 21,209.0 20,341.8 16,833.0 15,081.5 14,709.1 10,239.2 9,748.5 4,704.7 4,388.6 4,114.1 4,310.5 4,035.4 2,645.9 2,084.4 1,030.1 986.8 985.1 967.7
Total Assets 66,641 64,069 44,266 24,379 23,621.6 23,078.8 21,812.1 18,231.7 16,845.9 16,138.8 12,827.7 13,126.1 7,199.2 6,211.9 5,809.6 5,853.3 7,360.3 3,241.2 2,422.5 1,237.4 1,219.9 1,181.2 1,137
Current Liabilities
Account Payables 2,838 2,187 1,564 1,359 1,332.4 719.3 1,209.9 1,116.3 1,140.6 874.7 1,240.2 1,122.8 1,162.0 813.9 672.2 445.4 1,247.5 237.7 136.6 80.2 96.9 58.2 44.2
Short-Term Debt 2,061 1,059 484 925 895.8 7.7 227.7 507.6 1,047.3 1,520.9 1,150.1 2,388.2 985.5 606.3 271.8 849.1 834.9 484.0 228.9 63.9 65.3 68.3 64.1
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 967 679 785 386 707.0 269.4 314.7 321.3 344.1 328.5 948.6 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 6,365 4,719 3,452 3,051 3,184.6 1,344.5 2,020.3 2,108.4 2,667.3 2,836.7 3,338.9 4,193.8 2,888.8 2,024.8 1,789.6 1,792.6 3,526.6 786.7 460.8 189 202.6 172.6 148.5
Non-Current Liabilities
Long-Term Debt 30,755 31,018 21,183 12,696 12,747.6 14,228.4 12,504.1 8,873.3 8,091.6 7,920.0 4,334.2 4,112.6 1,543.2 1,878.3 1,511.1 1,498.0 1,336.1 775.1 312.4 328.2 336.8 350.9 362.9
Deferred Tax Liabilities 6,349 5,451 2,594 1,739 1,166.7 669.7 536.1 219.7 52.7 1,623.8 1,037.7 890.8 644.5 414.7 475.2 499.4 382.4 348.2 314.0 184 180.6 189.3 197.2
Other Non-Current Liabilities 603 594 479 331 431.9 706.1 536.5 424.4 348.9 329.3 671.4 (5,003.4) (2,231.3) (2,537.9) (2,095.3) (2,086.0) (1,855.6) (1,125.0) (626.3) (512.2) (517.4) (540.1) (560.1)
Total Non-Current Liabilities 37,707 37,217 24,330 14,834 14,421.8 15,691.8 13,565.9 9,543.7 8,493.2 9,873.1 6,043.3 6,844 2,672 2,847 2,644 2,796 2,609 721.7 793 144.1 162.2 126.4 108.3
Total Liabilities 44,072 41,936 27,782 17,885.2 17,606.5 17,036.4 15,586.2 11,652.1 11,160.6 12,709.8 9,382.2 9,958.5 5,586.9 5,072.7 4,365.2 4,613.9 6,144.2 2,088.1 1,253.6 774.8 796.2 771.9 757.5
Stockholders' Equity
Common Stock 7 6 6 4.7 4.7 4.7 4.5 4.5 4.2 2.5 1.2 1.2 1.1 1.0 0.6 0.6 0.3 0.3 0.3 229.8 207.1 201.4 195.6
Retained Earnings 2,373 1,579 868 50.4 0 0 0 0 0 0 1,685.7 1,553.0 649.2 496.0 507.8 415.5 387.8 318.0 270.8 232.8 207.6 187.2 174.9
Accumulated Other Comprehensive Income (27) (96) (33) (108.3) (471.4) (551.4) (374) (188.2) (188.5) (154.3) (118.6) (70.6) (11.0) (21.0) (8.3) (3.8) (1.1) (1.8) (915.8) 0 0 0 0
Total Stockholders' Equity 22,485 17,036 16,484 6,493.9 6,015.2 6,042.4 6,226.0 6,579.5 5,527.9 188.7 2,207.2 2,088.2 1,605.7 1,241.4 1,365.6 1,265.3 1,225.0 1,151.5 1,168.9 462.6 423.7 397.6 379.5
Total Liabilities & Equity 66,641 64,069 44,266 24,379.1 23,621.6 23,078.8 21,812.1 18,231.7 16,845.9 16,138.8 12,827.7 13,126.1 7,192.6 6,314.0 5,730.9 5,879.2 7,369.1 3,239.6 2,422.5 1,237.4 1,219.9 1,169.5 1,137
Debt Metrics
Total Debt 32,816 32,293 21,764 13,701.2 13,732.9 14,337.3 12,722.8 9,381.0 9,139.0 9,440.9 5,484.3 6,500.8 2,615.6 2,584.9 1,892.0 2,469.1 2,308.1 1,259.1 541.3 392.1 402.1 419.1 427
Net Debt 32,738 31,560 21,426 13,481.0 13,586.5 13,812.8 12,701.8 9,369.0 9,101.8 9,192.0 5,454.9 5,990.7 2,606.1 2,572.7 1,818.5 2,440.9 2,307.8 1,259.0 541.2 377.7 401.5 406.6 422.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Operating Activities
Net Income 3,462 3,112 2,659 1,722.2 1,499.7 612.8 1,278.6 1,155.0 593.5 743.5 546.5 242.2 214.3 156.0 101.6 143.5 35.3 101.8 59.3 52.8 42.8 36.2
Depreciation & Amortization 1,514 1,134 769 626.1 621.7 578.7 476.5 428.6 406.3 391.6 183.4 188.7 160.9 150.0 158.4 144.0 43.2 101.7 0 0 0 0
Stock-Based Compensation 0 0 0 53 54 29.4 37.1 31.7 26.3 40.6 11.8 14.3 6.3 0 0 0 0 0 0 0 0 0
Change in Working Capital (380) (43) 358 3.4 (141.8) (160.5) (163.9) 206.4 (192.6) (42.5) (597.5) (332.0) (510.3) 349.9 (57.8) (316.0) (111.5) 167.9 21 (13.1) 30.1 (20.3)
Other Non-Cash Items 46 (204) (194) 37.8 40.6 652.0 (54.3) 4.1 44.0 6.8 (340.4) 0.3 21.1 (9.2) 68.3 (162.8) (2.3) (17.2) 74.8 67.4 51.9 54.4
Operating Cash Flow 5,599 4,888 4,421 2,906.0 2,546.3 1,899.1 1,946.8 2,186.7 1,315.4 1,351.6 (179.7) 204.8 4.1 812.3 405.4 (95.2) (7.0) 346.5 152.1 105.1 109.5 80.3
Investing Activities
Capital Expenditure (3,152) (2,021) (1,595) (1,202.1) (696.9) (2,195.4) (3,848.3) (2,141.5) (512.4) (624.6) (250.5) (264.1) (215.1) (210.7) (341.6) (311.4) (92.2) (301.5) (90.5) (89.6) (81) (73.9)
Acquisitions (647) (5,829) (5,015) (3) (1) 0 (4.0) (1.7) 3.9 0 (1,327.9) (176.7) (690.3) (4.0) (16.0) (494.9) 0 (24.4) 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 (4.0) (1.7) (87.9) 0 (23.9) 0 0 102.4 7.9 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 4.0 0 0 0 556.4 0 0 57.5 7.4 0 0 0 0 0 10.9 0
Other Investing Activities 48 1,238 206 65.8 32.6 (75.1) 83.6 30.1 28.7 9.2 512.4 18.4 282.6 (20.4) 1.2 60.7 1.0 26.2 1.7 17.6 6.8 5.5
Investing Cash Flow (3,751) (6,612) (6,404) (1,139.2) (665.3) (2,270.5) (3,768.8) (2,114.9) (567.6) (615.4) (533.4) (422.4) (622.8) (75.2) (341.1) (745.6) (91.2) (299.7) (88.8) (72) (63.3) (68.4)
Financing Activities
Net Debt Issuance 830 5,091 3,998 (26.4) (604.9) 1,567.6 3,348.1 248.4 (299.9) 455.9 1,060.0 42.6 741.3 (621.1) 26.9 1,080.0 161.5 (12.6) (19.2) (17.1) (7.8) 13
Stock Repurchased (75) (159) 0 0 0 0 0 0 0 0 (233.1) (0.8) (350) 0 0 (0.5) (39.6) 0 (9.5) 0 0 0
Dividends Paid (2,583) (2,313) (1,839) (1,671.6) (1,667.4) (1,605.4) (1,457.6) (1,335.1) (829.4) (517.6) (110.2) (89.2) (71.0) (74.3) (73.8) (70.5) (28.1) (54.8) (28) (27.9) (30.5) (30)
Other Financing Activities (675) (135) (58) (27.0) (19.6) (56.9) (88.5) (214.4) (290.1) (546.8) (26.5) 72.5 0 0 0 0 0 0 (0.1) 0 0 0
Financing Cash Flow (2,503) 2,119 2,101 (1,692.9) (2,259.1) 875.0 1,831.0 (97.0) (959.5) (584.8) 711.5 214.9 557.4 (691.8) (36.3) 840.9 93.9 (61.1) (49.4) (45) (38.3) (17)
Cash Position
Net Change in Cash (655) 395 118 73.8 (378.1) 503.5 9.0 (25.2) (211.7) 151.3 (1.5) (2.7) (61.4) 45.3 28.0 0.2 (4.3) (14.3) 13.8 (11.9) 8 (5.2)
Cash at Beginning 733 338 220 146.4 524.5 21.0 12.0 37.2 248.9 97.6 9.5 12.2 73.5 28.2 0.2 0.1 4.4 14.4 0.6 12.5 4.5 9.7
Cash at End 78 733 338 220.2 146.4 524.5 21.0 12.0 37.2 248.9 7.9 9.5 12.2 73.5 28.2 0.2 0.1 0.1 14.4 0.6 12.5 4.5
Free Cash Flow 2,447 2,867 2,826 1,703.9 1,849.4 (296.3) (1,901.6) 45.2 803.0 727.0 (430.2) (59.3) (211.1) 601.6 63.8 (406.6) (99.2) 45.0 61.6 15.5 28.5 6.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 33,629 21,638 17,677 22,870.5 17,272.1 8,456.8 10,114.0 12,622.9 12,243.3 8,894.8 7,682.1 12,216.1 14,582.2 12,483.0 14,760.1 12,861.0 11,297.9 16,154.8 13,477.4 11,896.1 12,676.2 5,988.1 2,999.0 2,104.3 6,803.1 6,642.9 808.9 1,835.4 1,161.9 1,224.3 949.9 792.4 789.1
Gross Profit 7,218 5,050 5,748 3,119.4 3,019.7 2,026.0 1,985.7 1,968.5 1,604.6 1,338.8 1,080.7 1,233.8 1,479.9 1,136.4 1,074.2 877.4 775.8 991.9 911.9 832.8 1,154.8 1,055.5 1,136.5 975.7 908.8 797.1 285.3 615.4 435.9 416.6 382.1 360 789.1
Operating Income 6,967 5,021 4,072 3,034.2 2,853.0 1,901.0 1,866.6 1,864.6 1,506.2 1,249.9 993.1 1,158.0 1,361.6 1,033.6 979.5 786.2 674.8 909.6 825.9 754.7 534.8 490.0 446.1 371.5 295.2 333.9 86.0 202.9 128.2 120.4 105 91.5 789.1
Net Income 3,395 3,035 2,659 1,722 1,500 612.8 1,278.6 1,151.7 387.8 352.0 245.0 314.1 266.5 360.6 360.6 334.6 305.5 311.9 304.9 306.3 546.5 242.2 112.5 166.6 101.6 145.6 35.3 101.8 59.3 52.8 42.8 36.2 38.4
EPS (Diluted) 5.42 5.17 5.48 3.84 3.35 1.42 3.08 2.78 1.29 1.66 1.16 1.49 1.27 1.71 1.68 1.55 1.44 1.48 1.40 1.34 2.53 1.15 0.61 0.70 0.43 0.62 0.18 0.56 0.53 0.48 0.40 0.34 0.36
Balance Sheet
Cash & Equivalents 78 733 338 220 146.4 524.5 21.0 12.0 37.2 248.9 29.4 510.1 9.5 12.2 73.5 28.2 0.2 0.1 0.1 14.4 0.6 12.5 4.5
Total Assets 66,641 64,069 44,266 24,379 23,621.6 23,078.8 21,812.1 18,231.7 16,845.9 16,138.8 12,827.7 13,126.1 7,199.2 6,211.9 5,809.6 5,853.3 7,360.3 3,241.2 2,422.5 1,237.4 1,219.9 1,181.2 1,137
Total Debt 32,816 32,293 21,764 13,701.2 13,732.9 14,337.3 12,722.8 9,381.0 9,139.0 9,440.9 5,484.3 6,500.8 2,615.6 2,584.9 1,892.0 2,469.1 2,308.1 1,259.1 541.3 392.1 402.1 419.1 427
Stockholders' Equity 22,485 17,036 16,484 6,493.9 6,015.2 6,042.4 6,226.0 6,579.5 5,527.9 188.7 2,207.2 2,088.2 1,605.7 1,241.4 1,365.6 1,265.3 1,225.0 1,151.5 1,168.9 462.6 423.7 397.6 379.5
Cash Flow
Operating Cash Flow 5,599 4,888 4,421 2,906.0 2,546.3 1,899.1 1,946.8 2,186.7 1,315.4 1,351.6 (179.7) 204.8 4.1 812.3 405.4 (95.2) (7.0) 346.5 152.1 105.1 109.5 80.3
Capital Expenditure (3,152) (2,021) (1,595) (1,202.1) (696.9) (2,195.4) (3,848.3) (2,141.5) (512.4) (624.6) (250.5) (264.1) (215.1) (210.7) (341.6) (311.4) (92.2) (301.5) (90.5) (89.6) (81) (73.9)
Free Cash Flow 2,447 2,867 2,826 1,703.9 1,849.4 (296.3) (1,901.6) 45.2 803.0 727.0 (430.2) (59.3) (211.1) 601.6 63.8 (406.6) (99.2) 45.0 61.6 15.5 28.5 6.4