Oneok Inc (OKE)
Oneok Inc brought in $43.2B of revenue over the twelve months to September 30, 2026, up 36.8% from a year earlier. Net income was $4.1B, a net margin of 9.4%. Operating cash flow minus capital spending left $2.4B of free cash flow in fiscal 2025. At September 30, 2026 it held $186M in cash against $28.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Oneok Inc
- Net worth
- Oneok Inc has a market value (market cap) of $54.7B at the latest share price, and shareholders' equity of $23.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $33.6B (+55.0% year on year), with net income of $3.4B. Over the 12 months to September 30, 2026: revenue $43.2B, net income $4.1B.
- Cash flow
- In fiscal 2025 operations brought in $5.6B of cash; after $3.2B of capital spending, free cash flow was $2.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Oneok Inc's next report is expected around February 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Oneok Inc paid dividends of $4.12 per share in fiscal 2025, a yield of 4.74% at the current price.
What Oneok Inc does
ONEOK is a midstream energy service provider that gathers, processes, stores, and transports natural gas and natural gas liquids across the central United States. It operates pipeline networks connecting hydrocarbon production regions in the Rocky Mountains, Mid-Continent, and Permian basins to end-user markets and petrochemical plants. Its shares trade on NYSE under the ticker OKE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $33.6B | $3.4B | $5.42 | $2.4B |
| 2024 | $21.7B | $3B | $5.17 | $2.9B |
| 2023 | $17.7B | $2.7B | $5.48 | $2.8B |
| 2022 | $22.4B | $1.7B | $3.84 | $1.7B |
| 2021 | $16.5B | $1.5B | $3.35 | $1.8B |
| 2020 | $8.5B | $612.8M | $1.42 | -$296.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where OKE ranks in Utilities
Dividends
Oneok Inc paid $4.12 per share in fiscal 2025. At the current price that is a yield of 4.74%. It paid out $2.6B in cash dividends, 76% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $4.12 | $2.6B | 76% |
| 2024 | $3.96 | $2.3B | 76% |
| 2023 | $3.82 | $1.8B | 69% |
| 2022 | $3.74 | $1.7B | 97% |
| 2021 | $3.74 | $1.7B | 111% |
| 2020 | $3.74 | $1.6B | 262% |
Latest SEC filings
What Oneok Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 44% to $12.5B versus the same quarter last year; diluted EPS $2.13 versus $1.49.
- October 27, 2026
- October 5, 2026Passive stake (5% or more) SCHEDULE 13G
- October 5, 2026Passive stake changed SCHEDULE 13G/A
- September 28, 2026Deregistration 15-12G
- September 24, 2026
- September 18, 2026Delisting notice 25-NSE
- September 15, 2026Material agreement8-KONEOK amended its equity distribution agreement following a corporate reorganization and reported early results for its debt tender offer.
- September 11, 2026Form POSASR filing POSASR
- September 11, 2026Form POSASR filing POSASR
What is OKE worth? A DCF from its reported cash flow
Insider trades
What the people running Oneok Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 10 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 23, 2026 | Burdick Kevin LSee Remarks | Exercised options | 2,895 | - |
| September 23, 2026 | Burdick Kevin LSee Remarks | Shares withheld for tax | 1,270 | $114.4K |
| September 23, 2026 | Taylor Lyndon CSee Remarks | Exercised options | 6,369 | - |
| September 23, 2026 | Taylor Lyndon CSee Remarks | Shares withheld for tax | 2,793 | $251.6K |
| September 23, 2026 | Hulse Walter S IIISee Remarks | Exercised options | 7,238 | - |
| September 23, 2026 | Hulse Walter S IIISee Remarks | Shares withheld for tax | 3,174 | $285.9K |
| September 23, 2026 | Swords Sheridan CSee Remarks | Exercised options | 4,343 | - |
| September 23, 2026 | Swords Sheridan CSee Remarks | Shares withheld for tax | 1,905 | $171.6K |
Who owns OKE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.54% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,655 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 64,537,467 | +5,148,768 |
| State Street Corp | 43,633,749 | +2,059,368 |
| Vanguard Capital Management LLC | 41,112,675 | +245,143 |
| Vanguard Portfolio Management LLC | 30,904,162 | +86,244 |
| First Eagle Investment Management, LLC | 23,669,654 | +11,990,479 |
| Charles Schwab Investment Management Inc | 20,373,418 | +2,004,796 |
| Geode Capital Management, LLC | 17,439,867 | +317,017 |
| Capital International Investors | 17,204,063 | +4,087,240 |
| Morgan Stanley | 11,886,409 | -701,749 |
| UBS Group AG | 11,588,291 | -1,121,971 |
| Invesco Ltd. | 9,450,410 | -29,899 |
| Norges Bank | 6,606,241 | new |
| Goldman Sachs Group Inc | 6,590,324 | +668,585 |
| Tortoise Capital Advisors, L.L.C. | 6,343,979 | +251,320 |
| Capital Research Global Investors | 6,319,376 | +54,407 |
| Northern Trust Corp | 6,187,568 | -55,368 |
| Dimensional Fund Advisors LP | 5,954,419 | +401,822 |
| Deutsche Bank AG\ | 5,497,115 | -1,239,404 |
| Bank of America Corp | 5,427,251 | -77,738 |
| Jpmorgan Chase & Co | 5,117,692 | +54,061 |
Insiders
12 insiders reported holding 897,302 shares in total, about $77.9M at the last price.
| Holder | Shares |
|---|---|
| Swords Sheridan CSee Remarks | 238,811 |
| Hulse Walter S IIISee Remarks | 173,049 |
| Burdick Kevin LSee Remarks | 172,029 |
| Norton PierceSee Remarks, Director | 127,782 |
| Edwards Julie HDirector | 68,630 |
| Helderman Mark WDirector | 38,704 |
| Rodriguez Eduardo ADirector | 29,972 |
| Spears Mary MSee Remarks | 28,652 |
| Taylor Lyndon CSee Remarks | 9,389 |
| Lentz Randy NSee Remarks | 5,139 |
Questions about OKE
What does Oneok Inc do?
ONEOK is a midstream energy service provider that gathers, processes, stores, and transports natural gas and natural gas liquids across the central United States. It operates pipeline networks connecting hydrocarbon production regions in the Rocky Mountains, Mid-Continent, and Permian basins to end-user markets and petrochemical plants. Its shares trade on NYSE under the ticker OKE.
What is Oneok Inc's net worth?
Oneok Inc has a market value (market cap) of $54.7B at the latest share price, and shareholders' equity of $23.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Oneok Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $4.1B on revenue of $43.2B, a net margin of 9.4%.
How much revenue does Oneok Inc make?
Over the twelve months to September 30, 2026 Oneok Inc reported revenue of $43.2B. That is 36.8% more than a year earlier.
When did Oneok Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026.
When is Oneok Inc's next earnings report?
Oneok Inc's next report is expected around February 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Oneok Inc pay a dividend?
Yes. Oneok Inc paid dividends of $4.12 per share in fiscal 2025, a yield of 4.74% at the current price.
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Where the numbers come from
Financial figures are the values Oneok Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.