Here are the 10-Q quarterly reports from Oneok, Inc. (OKE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow OKE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OKE filings page.
ONEOK, Inc. (OKE) reported third-quarter 2026 revenue of $12.455 billion, versus $8.634 billion a year earlier. Net income was $1.384 billion versus $940 million, diluted EPS was $2.13 versus $1.49, and Adjusted EBITDA was $2.238 billion versus $2.119 billion. ONEOK attributed higher earnings primarily to higher NGL, refined-products and natural-gas volumes and increased optimization and marketing; a $336 million noncash tax benefit also contributed to net income.
On September 10, 2026, Apollo contributed $9 billion to ONEOK Holdings for Class B Units. ONEOK used $5 billion of the proceeds to repay debt; remaining transaction cash and short-term borrowings funded its October 6, 2026, acquisition of Brazos Midland for approximately $4.6 billion. The acquisition is expected to more than double Midland Basin processing capacity to approximately 2.3 Bcf/d, including facilities under construction. S&P and Fitch upgraded ONEOK’s long-term ratings to BBB+ from BBB. ONEOK declared a $1.07-per-share quarterly dividend payable November 16, 2026, to shareholders of record November 2, 2026.
ONEOK, Inc. reported higher Q2 2026 results, with total revenues of $12.049 billion and net income attributable to ONEOK of $966 million, or diluted EPS of $1.53, compared with $7.887 billion of revenues and $1.34 diluted EPS in Q2 2025.
For the first six months of 2026, revenues were $21.667 billion and net income attributable to ONEOK was $1.740 billion, or diluted EPS of $2.75. Adjusted EBITDA rose to $2.121 billion in Q2 and $4.118 billion year‑to‑date, driven mainly by stronger Natural Gas Pipelines and Refined Products and Crude results, higher volumes and optimization and marketing activity.
Operating cash flow for the first half increased to $2.987 billion, funding capital expenditures of $1.477 billion on projects including the Medford fractionator rebuild, MBTC Pipeline, Bighorn plant and Greater Denver expansion. Total long‑term debt (including current maturities) was $31.5 billion, with a leverage ratio of 4.1x under the $3.5 billion credit facility and no borrowings outstanding on that facility.
ONEOK, Inc. reported stronger Q1 2026 results. Total revenues rose to $9,618 million from $8,043 million a year earlier, while net income increased to $776 million and diluted EPS to $1.23 from $1.04.
Adjusted EBITDA grew to $1,997 million, helped by higher optimization and marketing activity and higher NGL, Refined Products and natural gas processing volumes, especially in the Natural Gas Liquids and Natural Gas Pipelines segments. Results included a noncash $60 million impairment on the Powder Springs investment.
Capital expenditures rose to $864 million, reflecting large projects such as the Bighorn gas plant, Medford fractionator rebuild, MBTC Pipeline and Greater Denver pipeline expansion. ONEOK paid a quarterly dividend of $1.07 per share and reported a consolidated net debt-to-adjusted EBITDA ratio of 4.2x under its $3.5 billion credit agreement. As of April 20, 2026, it had 630,032,852 common shares outstanding.
ONEOK, Inc. (OKE) reported strong Q3 2025 results. Total revenues were $8.634 billion, operating income $1.558 billion, and net income attributable to ONEOK $939 million (EPS $1.49), up from $1.18 a year ago. Year-to-date, revenues reached $24.564 billion with net income attributable of $2.416 billion (diluted EPS $3.87).
Cash provided by operating activities was $4.053 billion for the nine months. The company issued $3.0 billion of senior notes in August (net proceeds $2.96 billion) and repaid or repurchased various maturities. As of September 30, long‑term debt (including current maturities) had a book value of $33.7 billion; leverage under the credit agreement measured 4.2x. Key 2025 transactions included acquiring the remaining interest in the Delaware Basin JV for $941 million (cash $550 million plus 4.9 million shares), completing the EnLink roll-up by issuing 41 million shares, and buying an additional 30% of BridgeTex for about $270 million. Quarterly dividends were $1.03 per share; the October dividend was declared at the same rate. Shares outstanding were 629,231,557 as of October 20, 2025.