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Companies / Energy / Oneok
OKE

Oneok

EnergyElectric, Gas & WaterDeregistered 2026-09-28S&P 500
Ticker OKETULSA, OKFiscal year ends DecemberBook value per share $36.30Diluted shares 631.8M

ONEOK, Inc. (NYSE: OKE) is a leading midstream energy infrastructure company that delivers natural gas, natural gas liquids, refined products, and crude oil through an extensive network of approximately 60,000 miles of pipelines across North America. The company operates through four reportable segments: Natural Gas… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$33.63B
+55.0% year over year
Last 12 mo $39.37B
17.07%
−5.9 percentage points
Last 12 mo 15.52%
$3.46B
+11.2% year over year
Last 12 mo $3.66B
15.09%
−2.7 percentage points
Last 12 mo 15.94%
Cash & financing
$5.60B
+14.5% year over year
Last 12 mo $6.16B
$2.45B
−14.6% year over year
Last 12 mo $2.91B
1.46
Was 1.88× a year earlier
Last 12 mo 1.44
625.9M
+6.7% year over year
Last 12 mo 631.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Oneok does

In the company’s own words

ONEOK, Inc. (NYSE: OKE) is a leading midstream energy infrastructure company that delivers natural gas, natural gas liquids, refined products, and crude oil through an extensive network of approximately 60,000 miles of pipelines across North America. The company operates through four reportable segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.

The Natural Gas Gathering and Processing segment operates gathering pipelines and processing plants with combined capacity of 7.2 billion cubic feet per day across the Rocky Mountain, Mid-Continent, and Permian Basin regions, serving producers in major shale formations including the Williston Basin, Anadarko Basin, and Delaware Basin. The Natural Gas Liquids segment provides fractionation, transportation, and storage services with 1.2 million barrels per day of fractionation capacity and 40 million barrels of storage capacity, primarily serving markets in Conway, Kansas, Mont Belvieu, Texas, and Louisiana. The Natural Gas Pipelines segment operates 8,300 miles of natural gas pipelines and 74 billion cubic feet of underground storage capacity across intrastate and interstate systems, serving industrial customers, utilities, and liquefied natural gas export facilities. The Refined Products and Crude segment operates 9,800 miles of refined products pipelines, 1,100 miles of crude oil transportation pipelines, and 53 refined products terminals with 100 million barrels of storage capacity.

Approximately 90 percent of consolidated earnings are fee-based, providing stable cash flows with reduced commodity price exposure. The company completed significant acquisitions in 2024 and 2025, including the Medallion Acquisition and the EnLink Acquisition, which expanded its integrated asset base and operational capabilities. ONEOK maintains investment-grade credit ratings and operates a sustainable business model focused on high-return capital projects, dividend growth, and shareholder returns. The company serves major and independent crude oil and natural gas producers across productive North American basins and connects key supply areas with demand centers including refineries, petrochemical facilities, and export markets.

Company details
Sector
Energy
Industry (SIC)
Electric, Gas & Water
Headquarters
TULSA, OK
Fiscal year end
December
CIK
1039684
SIC
4923

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.94B$7.87B$19.68B$31.49B$43.30B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Oneok — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

749
funds hold it
0 of 35
superinvestors hold it
$22.04B
held by funds, at market
39.9%
of shares held by funds

Largest fund holders · Oneok’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.08%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
1.33%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.53%of fund net assets
3.29%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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