ONEOK revenue and financials
$89.23Change from previous close: +0.73%Absolute change: +$0.65
In the fiscal year ended December 2025, ONEOK reported revenue of $33.63B (+54.99% year over year). Net income was $3.39B, a net margin of 10.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +54.99%
- 2025 vs 2024
- Net income growth
- +11.80%
- 2025 vs 2024
- Net margin
- 10.1%
- 2024: 14.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,053 | 934 | 1,546 | 1,624 | 1,525 | 904 | 1,611 | 1,251 | 1,430 | 596 | 1,508 | 920 |
| Depreciation and amortization | 387 | 378 | 388 | 378 | 368 | 380 | 344 | 274 | 262 | 254 | 260 | 177 |
| Capital expenditure | -613 | -864 | -970 | -804 | -749 | -629 | -562 | -468 | -479 | -512 | -603 | -398 |
| Investing cash flow | -782 | -1,007 | -1,109 | -1,134 | -814 | -694 | -4,780 | -498 | -756 | -578 | -645 | -5,406 |
| Financing cash flow | -1,282 | 167 | -1,558 | 612 | -755 | -802 | -2,562 | 5,675 | -703 | -291 | -809 | 4,664 |
| Dividends paid | -674 | -674 | -648 | -648 | -644 | -643 | — | — | -578 | -578 | — | — |
| Share repurchases | — | — | -45.0 | 0.0 | 0.0 | -30.0 | -159 | — | — | — | — | — |
| Debt issued | -148 | 827 | 820 | 1,784 | 1,005 | 200 | 112 | 6,802 | -140 | 320 | — | 5,238 |
| Debt repaid | -491 | 0.0 | -1,694 | -482 | -553 | -250 | -1,519 | -484 | — | — | -260 | -100 |
| Net change in cash | -11.0 | 94.0 | -1,121 | 1,102 | -44.0 | -592 | -5,731 | 6,428 | -29.0 | -273 | 54.0 | 178 |
| Free cash flow | 1,440 | 70.0 | 576 | 820 | 776 | 275 | 1,049 | 783 | 951 | 84.0 | 905 | 522 |
| Levered free cash flow | 755 | -152 | 5.8 | 276 | 309 | 120 | 567 | 311 | 618 | -199 | 545 | 284 |