MARKETS / NYSE / OKE
NYSE · NATURAL GAS TRANSMISISON & DISTRIBUTION · LARGE CAP

Oneok Inc. /new/ OKE

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$33.6B
▲ 55.0% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$5.42
Dividend / sh · FY25
$4.12
Payout · FY25
76%
ROE · FY25
17.2%
Net margin · FY25
10.1%
Dividend coverage
1.3×
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Result
USD 33.6B
Revenue, FY2025 · full 19-year series below
Revenue Net income
1020304033.63.42007201020132016201920222025
1020304033.63.42016201920222025

10 cents of every revenue dollar became profit this year.

Per share
USD 5.42
Diluted EPS, FY2025
EPS Dividend
2464.125.422007201020132016201920222025
2464.125.422016201920222025

Earnings covered the dividend 1.3 times — the rest stayed in the company.

Profitability
17.2%
Return on equity, FY2025
ROE
408012016017.2%2007201020132016201920222025
408012016017.2%2016201920222025
Operating margin17.1%
Net margin10.1%
Return on assets5.2%

Each USD of equity produced 17 cents of profit this year.

Returned to shareholders
USD 2.7B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 2.6B
Net buybacksUSD 75.0M
Share of profit78.3%
Consecutive raises3 years

USD 2.6B in dividends and USD 75.0M in buybacks — 78% of the year's profit went back to shareholders.

Growth
+31.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+14.5%
+31.5%
+15.8%
+6.7%
Net income
+25.4%
+40.8%
+30.1%
+16.7%
EPS, diluted
+12.2%
+30.7%
Dividend / share
+3.3%
+2.0%
Returned to shareholders
+16.7%
+10.6%
+18.0%
+19.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.63B
Shares outstanding, FY2025
0.100.632007201020132016201920222025
0.210.632016201920222025
Change, 5 years+41.5%
Change, 10 years

The share count grew 42% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 66.6B
total assets, end of FY2025
Total assetsUSD 66.6B
EquityUSD 22.5B
CashUSD 78.0M
Gross debtUSD 32.0B
Net debtUSD 31.9B
Current ratio0.71×

Net debt stands at 142% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
33.6
21.7
17.7
22.4
16.5
8.5
10.2
12.6
12.2
8.9
7.8
12.2
11.9
10.2
14.8
12.7
10.8
16.2
13.5
Operating income $B
5.7
5.0
4.1
2.8
2.6
1.4
1.9
1.8
1.4
1.3
1.0
1.1
0.9
1.0
1.2
0.9
0.9
0.9
0.8
EBITDA $B
7.3
6.1
4.8
3.4
3.2
1.9
2.4
2.3
1.8
1.7
1.4
1.4
1.1
1.2
1.5
1.2
1.2
1.2
1.1
Income tax $B
1.0
1.0
0.8
0.5
0.5
0.2
0.4
0.4
0.4
0.2
0.1
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
Net income $B
3.4
3.0
2.7
1.7
1.5
0.6
1.3
1.2
0.4
0.4
0.2
0.3
0.3
0.4
0.4
0.3
0.3
0.3
0.3
EPS, diluted $
5.42
5.17
5.48
3.84
3.35
1.42
3.07
2.78
1.29
1.66
1.16
1.49
1.27
1.71
1.68
1.55
2.87
2.95
2.79
Dividend / sh $
4.12
3.96
3.82
3.74
3.74
3.74
3.53
3.25
2.72
2.46
2.43
2.12
1.48
1.27
1.08
0.91
1.64
1.56
1.40
Payout %
76
76
69
97
111
262
114
116
214
147
208
141
114
73
63
58
57
52
49
ROE %
17.2
18.1
23.1
27.5
24.9
10.0
20.0
19.0
13.6
134.2
52.8
21.4
11.9
16.5
15.4
14.4
14.2
14.9
·
Shares out B
0.63
0.58
0.58
0.45
0.45
0.44
0.41
0.41
0.39
0.21
0.21
0.21
0.21
0.20
0.21
0.11
0.11
0.10
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
63 of 63
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed