OKE FINANCIAL STATEMENTS

ONEOK Inc — balance sheet, income statement and cash flow trends

OKEONEOK Inc

🇺🇸 USA · US · Energy · Oil & Gas Midstream

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue35.2 B $+41.0%

Gross Profit8.4 B $+41.1%

Operating Income7.1 B $+37.3%

EBITDA7.9 B $+13.4%

Net Income3.5 B $+16.5%

Peer Comparison· Oil & Gas Midstream

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
OKE	41.0%	23.9%	22.3%	10.0%
TRP	19.8%	51.2%	72.5%	21.8%
PPL	-6.4%	38.2%	49.0%	22.2%
ENB	36.6%	33.2%	27.6%	9.4%
ALA	1.1%	23.9%	13.1%	4.0%
KEY	-10.7%	15.8%	14.5%	2.7%
Industry median	9.4%	40.8%	44.7%	17.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
OKE	41.0%	23.9%	22.3%	10.0%
TRGP	-2.3%	29.9%	30.4%	13.0%
LNG	24.8%	36.2%	31.1%	7.0%
KMI	13.1%	46.9%	44.7%	18.9%
WMB	10.6%	62.8%	59.5%	23.8%
DTM	22.2%	58.1%	83.1%	36.3%
Industry median	9.4%	40.8%	44.7%	17.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity22.4 B $33%
Current Liabilities7.8 B $11%
Long-term Liabilities37.9 B $56%

Key Figures

YoY change

Total Assets68.2 B $+6.1%

Total Liabilities45.8 B $+8.6%

Total Equity22.4 B $+4.6%

Cash & ST Investments172 M $+22.0%

Total Debt33.7 B $+5.0%

Net Debt33.5 B $+5.0%

Peer Comparison· Oil & Gas Midstream

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
OKE	0.71	150.5%	4.26	32.8%
TRP	0.65	224.5%	5.31	22.8%
PPL	0.83	82.3%	3.69	46.7%
ENB	0.81	168.6%	6.52	28.5%
ALA	0.88	116.0%	6.17	33.4%
KEY	1.60	249.1%	1.89	19.1%
Industry median	1.26	102.3%	3.34	33.4%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
OKE	0.71	150.5%	4.26	32.8%
TRGP	0.72	610.0%	3.83	11.6%
LNG	0.57	703.2%	3.76	8.0%
KMI	0.52	102.3%	4.08	42.9%
WMB	0.83	233.2%	4.14	21.8%
DTM	1.26	70.9%	3.04	46.8%
Industry median	1.26	102.3%	3.34	33.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow5.6 B $+8.2%

Capital Expenditures3.4 B $+58.4%

Free Cash Flow2.2 B $-26.7%

Dividends Paid-2.6 B $-209.9%

Peer Comparison· Oil & Gas Midstream

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
OKE	16.0%	6.4%	9.6%	159.3%
TRP	54.5%	24.1%	30.4%	249.7%
PPL	36.5%	26.0%	10.5%	164.1%
ENB	15.6%	2.8%	12.8%	165.3%
ALA	9.1%	-3.8%	12.9%	226.9%
KEY	14.1%	8.5%	5.7%	517.3%
Industry median	36.3%	9.5%	17.1%	182.4%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
OKE	16.0%	6.4%	9.6%	159.3%
TRGP	22.6%	1.6%	21.0%	174.2%
LNG	25.6%	21.5%	19.7%	365.5%
KMI	36.0%	22.2%	13.8%	190.3%
WMB	50.9%	6.1%	44.8%	213.7%
DTM	74.1%	40.1%	33.9%	204.1%
Industry median	36.3%	9.5%	17.1%	182.4%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on OKE

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.