ONEOK Inc. (OKE) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
100 WEST 5TH ST TULSA, OK 74103 |
| State of Incorp. | OK |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4923 - Natural Gas Transmission and Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 733 | 338 | 220 | 146 | 524 | 21 | |||
| Cash and cash equivalent | 733 | 338 | 220 | 146 | 524 | 21 | |||
| Receivables | 2,326 | 1,705 | 1,532 | 1,442 | 830 | 835 | |||
| Inventory, net of allowances, customer advances and progress billings | 748 | 639 | 432 | 428 | 228 | 305 | |||
| Inventory | 748 | 639 | 432 | 428 | 228 | 305 | |||
| Contract with customer, asset, after allowance for credit loss | 1 | ||||||||
| Other current assets | 431 | 252 | 172 | 166 | 133 | 82 | |||
| Other undisclosed current assets | 174 | 192 | 193 | 155 | 226 | ||||
| Total current assets: | 4,238 | 3,108 | 2,548 | 2,374 | 1,870 | 1,470 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 45,935 | 32,697 | 19,953 | 19,320 | 19,155 | 18,349 | |||
| Long-term investments and receivables | 2,316 | 1,874 | 802 | 798 | 805 | 862 | |||
| Long-term investments | 2,316 | 1,874 | 802 | 798 | 805 | 862 | |||
| Intangible asset, including goodwill, after accumulated amortization | 11,130 | 6,268 | 753 | 763 | 774 | 958 | |||
| Goodwill | 8,091 | 4,952 | 528 | 528 | 528 | 681 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 3,039 | 1,316 | 225 | 236 | 246 | 277 | |||
| Other noncurrent assets | 450 | 319 | 324 | 366 | 475 | 173 | |||
| Total noncurrent assets: | 59,831 | 41,158 | 21,831 | 21,247 | 21,209 | 20,342 | |||
| TOTAL ASSETS: | 64,069 | 44,266 | 24,379 | 23,622 | 23,079 | 21,812 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,698 | 1,945 | 1,593 | 1,666 | 1,054 | 1,401 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 236 | 245 | 191 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 98 | 89 | |||
| Accounts payable | 2,187 | 1,564 | 1,359 | 1,332 | 719 | 1,210 | |||
| Accrued liabilities | 511 | 381 | 233 | ||||||
| Deferred revenue | 104 | 23 | 35 | 24 | 22 | ||||
| Debt | 1,059 | 484 | 925 | 896 | 21 | 230 | |||
| Other liabilities | 481 | 541 | 268 | 300 | 83 | 286 | |||
| Due to related parties | ✕ | ✕ | ✕ | 8 | 14 | ||||
| Other undisclosed current liabilities | 481 | 378 | 243 | 288 | 154 | 69 | |||
| Total current liabilities: | 4,719 | 3,452 | 3,052 | 3,185 | 1,345 | 2,020 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 31,018 | 21,183 | 12,696 | 12,823 | 14,228 | 12,480 | |||
| Long-term debt, excluding current maturities | 31,018 | 21,183 | 12,696 | 12,748 | 14,228 | 12,480 | |||
| Liabilities, other than long-term debt, including: | 6,199 | 3,147 | 2,138 | 1,674 | 1,463 | 1,086 | |||
| Deferred revenue | 16 | 18 | 35 | ||||||
| Deferred income tax liabilities | 5,451 | 2,594 | 1,739 | ||||||
| Other liabilities | 748 | 479 | 331 | 432 | 706 | 526 | |||
| Operating lease, liability | 74 | 68 | 76 | ||||||
| Other undisclosed liabilities, other than long-term debt | 1,226 | 740 | 525 | ||||||
| Total noncurrent liabilities: | 37,217 | 24,330 | 14,834 | 14,497 | 15,692 | 13,566 | |||
| Total liabilities: | 41,936 | 27,782 | 17,885 | 17,682 | 17,036 | 15,586 | |||
| Equity | |||||||||
| Equity, attributable to parent | 17,036 | 16,484 | 6,494 | 6,015 | 6,042 | 6,226 | |||
| Common stock | 6 | 6 | 5 | 5 | 5 | 4 | |||
| Treasury stock, value | (807) | (677) | (706) | (732) | (764) | (808) | |||
| Additional paid in capital | 16,354 | 16,320 | 7,253 | 7,214 | 7,353 | 7,404 | |||
| Accumulated other comprehensive loss | (96) | (33) | (108) | (471) | (551) | (374) | |||
| Retained earnings | 1,579 | 868 | 50 | ||||||
| Equity, attributable to noncontrolling interest | 5,097 | ||||||||
| Total equity: | 22,133 | 16,484 | 6,494 | 6,015 | 6,042 | 6,226 | |||
| Other undisclosed liabilities and equity | (76) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 64,069 | 44,266 | 24,379 | 23,622 | 23,079 | 21,812 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,698 | 17,677 | 22,387 | 16,540 | 8,542 | 10,164 | ||
| Cost of revenue | (13,311) | (11,929) | (17,910) | (12,257) | (5,110) | (6,788) | ||
| Cost of product and service sold | (2,496) | (1,535) | (1,150) | (1,067) | (886) | (983) | ||
| Gross profit: | 8,387 | 5,748 | 4,477 | 4,284 | 3,432 | 3,376 | ||
| Operating expenses | (2,569) | (1,693) | (1,150) | (1,066) | (885) | (985) | ||
| Other operating income, net | 305 | 786 | 106 | |||||
| Other undisclosed operating loss | (1,134) | (769) | (626) | (622) | (1,186) | (477) | ||
| Operating income: | 4,989 | 4,072 | 2,807 | 2,596 | 1,361 | 1,914 | ||
| Nonoperating income (expense) | 53 | 89 | (30) | (2) | 48 | 74 | ||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 3 | 2 | 24 | 65 | ||||
| Other nonoperating income (expense) | 53 | 89 | (32) | (3) | 25 | 9 | ||
| Interest and debt expense | (1,371) | (866) | (676) | (733) | (713) | (492) | ||
| Income from continuing operations before equity method investments, income taxes: | 3,671 | 3,295 | 2,102 | 1,862 | 697 | 1,496 | ||
| Income from equity method investments | 439 | 202 | 148 | 123 | 143 | 155 | ||
| Other undisclosed loss from continuing operations before income taxes | (38) | |||||||
| Income from continuing operations before income taxes: | 4,110 | 3,497 | 2,250 | 1,984 | 802 | 1,651 | ||
| Income tax expense | (998) | (838) | (527) | (484) | (190) | (372) | ||
| Income from continuing operations: | 3,112 | 2,659 | 1,722 | 1,500 | 613 | 1,279 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,500 | 613 | 1,279 | |
| Net income: | 3,112 | 2,659 | 1,722 | 1,500 | 613 | 1,279 | ||
| Net loss attributable to noncontrolling interest | (77) | |||||||
| Net income attributable to parent: | 3,035 | 2,659 | 1,722 | 1,500 | 613 | 1,279 | ||
| Preferred stock dividends and other adjustments | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Net income available to common stockholders, diluted: | 3,034 | 2,658 | 1,721 | 1,499 | 612 | 1,277 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,112 | 2,659 | 1,722 | 1,500 | 613 | 1,279 | ||
| Other comprehensive income (loss) | (63) | 75 | 363 | 80 | (177) | (186) | ||
| Comprehensive income: | 3,049 | 2,734 | 2,085 | 1,580 | 435 | 1,093 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (77) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 2,972 | 2,734 | 2,085 | 1,580 | 435 | 1,093 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.