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Friday 6 November 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.

Revenue
+44.3%
EPS
+47.2%
Free cash flow
−46.1%
Total debt
−15.7%

Quarter to September 2026, against a year earlier

86.62 1.98 −2.23%
Market cap
$54.4B
P/E
13.3×
Fwd P/E
15.2×
Dividend yield
4.94%
F-score
5/9
Altman Z
1.43
Beneish M
−2.14
Dividend safety
34/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

ONEOK, Inc. (OKE) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, ONEOK, Inc. (OKE) trades at a EV/EBITDA of 10.8×. Over the past ten years it has ranged from 7.9× (March 2020) to 19.3× (June 2018); the current reading is higher than 15% of that period. That is above the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.7× (27.04%)
FY2024 14.7× 27.75%
FY2023 11.5× (5.94%)
FY2022 12.2× (0.87%)
FY2021 12.3× (20.84%)
FY2020 15.6× (14.79%)
FY2019 18.3× 31.27%
FY2018 13.9× 1.32%
FY2017 13.8× 13.35%
FY2016 12.1× 21.29%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 10.7× (5.15%)
Jun 2026 11.3× (5.26%)
Mar 2026 11.9× 10.98%
Dec 2025 10.7× (1.00%)
43 more quarters

Against its own ten years

Low 7.9× High 19.3×
Ten-year median 12.4×
Current reading's percentile 15

EV/EBITDA against peers

Company EV/EBITDA
ET Energy Transfer LP compare 7.9×
LNG Cheniere Energy, Inc. compare 9.9×
EPD Enterprise Products Partners L.P. compare 10.6×
OKE ONEOK, Inc. 10.8×
MPLX MPLX LP compare 11.8×
KMI Kinder Morgan, Inc. compare 12.8×
TRP TC Energy Corporation compare 13.4×
TRGP Targa Resources, Inc. compare 13.4×
WMB Williams Companies, Inc. (The) compare 15.6×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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