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.
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ONEOK, Inc. (OKE) Free cash flow
ONEOK, Inc.'s free cash flow for fiscal 2025 was $2.4B, down 14.6% from $2.9B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.9B. Over the past ten years it has ranged from −$1.9B (fiscal 2019) to $2.9B (fiscal 2024); the current reading is higher than 82% of that period. ONEOK, Inc. ranks 5th of 56 Oil & Gas Midstream companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.4B | (14.65%) |
| FY2024 | $2.9B | 1.45% |
| FY2023 | $2.8B | 65.85% |
| FY2022 | $1.7B | (7.84%) |
| FY2021 | $1.8B | — |
| FY2020 | −$296.3M | — |
| FY2019 | −$1.9B | — |
| FY2018 | $45.2M | (94.37%) |
| FY2017 | $803.0M | 6.50% |
| FY2016 | $754.0M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.4B | 1,957.14% |
| Mar 2026 | $70.0M | (87.85%) |
| Dec 2025 | $576.0M | (29.76%) |
| Sep 2025 | $820.0M | 5.67% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ET Energy Transfer LP compare | $5.2B |
| MPLX MPLX LP compare | $4.3B |
| EPD Enterprise Products Partners L.P. compare | $4.1B |
| TRP TC Energy Corporation compare | $2.9B |
| OKE ONEOK, Inc. | $2.9B |
| LNG Cheniere Energy, Inc. compare | $2.7B |
| KMI Kinder Morgan, Inc. compare | $2.7B |
| TRGP Targa Resources, Inc. compare | $740.9M |
| WMB Williams Companies, Inc. (The) compare | −$214.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on OKE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement