ONEOK, Inc. (OKE) Financial Statements

ONEOK, Inc.

OKE · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$33.63B	$21.70B	$17.68B	$22.39B	$16.54B	$8.54B	$10.16B	$12.59B
Cost of Revenue	$23.37B	$13.31B	$11.93B	$17.91B	$12.26B	$5.11B	$6.79B	$9.42B
Operating Income	$5.74B	$4.99B	$4.07B	$2.81B	$2.60B	$1.36B	$1.91B	$1.84B
Interest Expense	—	—	$866.00M	$676.00M	$733.00M	$712.89M	$491.77M	$469.62M
Other Income / (Expense)	$146.00M	$53.00M	$89.00M	-$29.00M	-$1.00M	$24.67M	$9.05M	—
Income Before Taxes	$4.49B	$4.11B	$3.50B	$2.25B	$1.98B	$802.32M	$1.65B	$1.52B
Provision for Income Taxes	$1.03B	$998.00M	$838.00M	$528.00M	$484.00M	$189.51M	$372.41M	$362.90M
Net Income	$3.39B	$3.04B	$2.66B	$1.72B	$1.50B	$612.81M	$1.28B	$1.15B
Basic EPS	$5.43	$5.19	$5.49	$3.85	$3.36	$1.42	$3.09	$2.80
Diluted EPS	$5.42	$5.17	$5.48	$3.84	$3.35	$1.42	$3.07	$2.78
Basic Shares Outstanding	624.80M	584.60M	484.30M	447.50M	446.40M	431.11M	413.56M	411.49M
Diluted Shares Outstanding	625.90M	586.50M	485.40M	448.40M	447.40M	431.78M	415.44M	414.19M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$5.68	$5.68	$5.68	1	↑0 ↓0
Dec 2027	$6.18	$5.82	$7.02	8	↑6 ↓1
Dec 2028	$6.75	$6.53	$6.99	5	↑4 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: OKE
Type: Stock
Sector: Utilities
Industry: Oil & Gas Production
Country: North America
Exchange: NYSE

At ONEOK, Inc. (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For information about ONEOK, visit the website: www.oneok.com.

Key Issues

Bullish view

ONEOK beat second-quarter earnings and revenue estimates, while record NGL volumes and stronger pipelines prompted higher 2026 guidance. Those results support the case that operating momentum can justify further upside toward the $95.5 mean target.

Bearish view

The stock fell after the release despite the earnings beat and guidance increase, suggesting investors may already have priced in the improvement or remain concerned about the durability of the outlook.

Analyst Consensus

See all

Hold

18 analysts

$87

Current

—

Low

$96

Average

—

High

Average target implies +9.69% versus the current price.

Earnings History

BeatMissNo estimate

ONEOK, Inc.

Analyst Estimates

Peers