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Saturday 17 October 2026 Export OKE’s income statement to Excel — free account

ONEOK, Inc.

OKE Energy Oil & Gas Midstream

ONEOK, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.6 billion, up 55.0% from fiscal 2024. In the quarter to June 2026, revenue grew 52.8%, EPS grew 14.2%, free cash flow grew 85.6% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

93.39 2.74 +3.02%
Market cap
$57.2B
P/E
16.1×
Fwd P/E
15.5×
Dividend yield
4.54%
F-score
5/9
Altman Z
1.43
Beneish M
−2.14
Dividend safety
34/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

ONEOK, Inc. (OKE) Debt to equity

Alert me on Debt to equity

ONEOK, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 1.4×, down 0.0× from fiscal 2025 (1.4×). Over the past ten years it has ranged from 1.3× (fiscal 2023) to 2.4× (fiscal 2016); the current reading is higher than 18% of that period. That is above the Oil & Gas Midstream industry median of 0.8× and above the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.4× (2.18%)
FY2024 1.4× 10.26%
FY2023 1.3× (37.33%)
FY2022 2.1× (7.53%)
FY2021 2.3× (3.73%)
FY2020 2.4× 17.47%
FY2019 2.0× 40.67%
FY2018 1.4× (4.90%)
FY2017 1.5× (38.29%)
FY2016 2.4× 8.49%

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.4× (4.03%)
Mar 2026 1.4× 0.57%
Dec 2025 1.4× (6.87%)
Sep 2025 1.5× 6.66%
42 more quarters

Against its own ten years

Low 1.3× High 2.4×
Ten-year median 2.0×
Current reading's percentile 18

Debt to equity against peers

Company Debt to equity
KMI Kinder Morgan, Inc. compare 1.0×
EPD Enterprise Products Partners L.P. compare 1.1×
ET Energy Transfer LP compare 1.4×
OKE ONEOK, Inc. 1.4×
TRP TC Energy Corporation compare 1.7×
MPLX MPLX LP compare 1.8×
WMB Williams Companies, Inc. (The) compare 2.0×
LNG Cheniere Energy, Inc. compare 2.1×
TRGP Targa Resources, Inc. compare 5.2×
Oil & Gas Midstream industry median 0.8×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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