Financials Oneok, Inc.

Equities

OKE

US6826801036

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX Other stock markets 11:30:49 18/07/2025 pm IST			5-day change	1st Jan Change
83.48 ^USD	+2.76%		+2.41%	-17.03%

06:33pm	Biggest oil and gas sector deals since start of the century	RE
06:32pm	Biggest oil and gas sector deals since start of the century	RE

Projected Income Statement: Oneok, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	8,542	16,540	22,387	17,677	21,698	29,083	30,790	33,375
Change	-	93.63%	35.35%	-21.04%	22.75%	34.04%	5.87%	8.4%
EBITDA ¹	2,724	3,380	3,620	5,243	6,784	8,118	8,773	9,174
Change	-	24.08%	7.1%	44.85%	29.39%	19.66%	8.07%	4.57%
EBIT ¹	1,361	2,596	2,807	4,072	4,989	6,086	6,656	7,046
Change	-	90.71%	8.13%	45.05%	22.52%	21.98%	9.37%	5.86%
Interest Paid ¹	-712.9	-732.9	-675.9	-866	-1,371	-1,784	-1,745	-1,698
Earnings before Tax (EBT) ¹	802.3	1,984	2,250	3,497	4,110	4,648	5,151	5,462
Change	-	147.31%	13.38%	55.45%	17.53%	13.1%	10.82%	6.03%
Net income ¹	611.7	1,500	1,721	2,658	3,034	3,448	3,908	4,201
Change	-	145.17%	14.76%	54.43%	14.15%	13.66%	13.33%	7.49%
Announcement Date	22/02/21	28/02/22	27/02/23	26/02/24	24/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	1,661	2,174	2,571	3,195	3,389	4,536	5,420	5,445	5,997	5,914	5,032	4,521	3,732	4,189	5,235	4,781	4,894	5,023	7,000	8,043	7,400	7,663	8,232	7,645	7,661	7,944	8,530	7,745
Change	-	30.92%	18.23%	24.28%	6.08%	33.85%	19.49%	0.44%	10.14%	-1.39%	-14.91%	-10.16%	-17.45%	12.25%	24.97%	-8.67%	2.36%	2.64%	39.36%	14.9%	-7.99%	3.56%	7.42%	-7.12%	0.2%	3.69%	7.38%	-9.21%
EBITDA ¹	533.9	747	742	866.4	801.5	865.2	846.6	863.9	886	902.4	967.4	1,717	971	1,001	1,514	1,440	1,624	1,545	2,174	1,775	2,021	2,133	2,215	2,132	2,153	2,214	2,277	2,184
Change	-	39.91%	-0.67%	16.77%	-7.49%	7.95%	-2.15%	2.04%	2.56%	1.85%	7.2%	77.49%	-43.45%	3.09%	51.25%	-4.89%	12.78%	-4.86%	40.71%	-18.35%	13.87%	5.52%	3.85%	-3.72%	0.95%	2.85%	2.85%	-4.1%
EBIT ¹	355.7	550.4	538.7	664.7	611.5	667.9	652.2	662.5	689	699.2	756.8	1,497	737	739	1,099	1,064	1,229	1,128	1,568	1,220	1,469	1,576	1,657	1,611	1,597	1,645	1,751	1,754
Change	-	54.74%	-2.13%	23.39%	-8%	9.22%	-2.34%	1.58%	4%	1.48%	8.24%	97.81%	-50.77%	0.27%	48.71%	-3.18%	15.51%	-8.22%	39.01%	-22.19%	20.39%	7.31%	5.13%	-2.8%	-0.83%	3.02%	6.4%	0.17%
Charge d'intérêts ¹	-219	-176.4	-176.9	-185.5	-185	-184	-178.4	-172.1	-170.8	-166.9	-166.2	-166	-180	-215	-305	-300	-298	-325	-448	-442	-447.9	-447.8	-446.5	-446.4	-443.6	-436.9	-431.9	-404.2
Earnings before Tax (EBT) ¹	177.5	418.9	403.2	508.3	452.2	513.9	509.8	513.6	545.1	563.9	627.1	1,379	613	595	910	847	1,023	912	1,328	888	1,155	1,274	1,369	1,209	1,252	1,321	1,418	1,260
Change	-	136.04%	-3.73%	26.06%	-11.04%	13.65%	-0.81%	0.75%	6.13%	3.45%	11.21%	119.91%	-55.55%	-2.94%	52.94%	-6.92%	20.78%	-10.85%	45.61%	-33.13%	30.11%	10.27%	7.44%	-11.7%	3.59%	5.53%	7.31%	-11.14%
Net income ¹	134	312	307.8	385.9	342.1	391.7	379.4	390.9	414.1	431.5	484.6	1,049	468	453	688	639	780	692	923	636	856	941.5	1,007	961.1	936.7	982.1	1,069	1,075
Change	-	132.79%	-1.37%	25.39%	-11.35%	14.51%	-3.15%	3.03%	5.94%	4.2%	12.32%	116.45%	-55.39%	-3.21%	51.88%	-7.12%	22.07%	-11.28%	33.38%	-31.09%	34.59%	9.98%	6.99%	-4.59%	-2.54%	4.84%	8.88%	0.51%
Announcement Date	28/07/20	27/10/20	22/02/21	27/04/21	03/08/21	02/11/21	28/02/22	03/05/22	08/08/22	01/11/22	27/02/23	02/05/23	07/08/23	31/10/23	26/02/24	30/04/24	05/08/24	29/10/24	24/02/25	29/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Oneok, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	13,712	13,497	13,401	21,329	31,344	32,382	31,470	30,464
Change	-	-1.57%	-0.71%	59.16%	46.95%	3.31%	-2.82%	-3.2%
Announcement Date	22/02/21	28/02/22	27/02/23	26/02/24	24/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Oneok, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	2,195	696.9	1,202	1,595	2,021	2,939	2,513	2,653
Change	-	-68.26%	72.5%	32.68%	26.71%	45.45%	-14.5%	5.54%
Free Cash Flow (FCF) ¹	-296.3	1,849	1,703	2,826	2,867	3,680	4,828	4,730
Change	-	724.14%	-7.93%	65.96%	1.45%	28.35%	31.19%	-2.02%
Announcement Date	22/02/21	28/02/22	27/02/23	26/02/24	24/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Oneok, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	31.89%	20.43%	16.17%	29.66%	31.27%	27.91%	28.49%	27.49%
EBIT Margin (%)	15.94%	15.7%	12.54%	23.04%	22.99%	20.93%	21.62%	21.11%
EBT Margin (%)	9.39%	12%	10.05%	19.78%	18.94%	15.98%	16.73%	16.36%
Net margin (%)	7.16%	9.07%	7.69%	15.04%	13.98%	11.86%	12.69%	12.59%
FCF margin (%)	-3.47%	11.18%	7.61%	15.99%	13.21%	12.65%	15.68%	14.17%
FCF / Net Income (%)	-48.44%	123.32%	98.94%	106.32%	94.5%	106.71%	123.53%	112.6%
Profitability
ROA	2.73%	6.42%	7.18%	7.74%	5.6%	5.2%	5.9%	6.2%
ROE	9.99%	24.86%	27.53%	23.14%	18.1%	17.15%	17.18%	17.78%
Financial Health
Leverage (Debt/EBITDA)	5.03x	3.99x	3.7x	4.07x	4.62x	3.99x	3.59x	3.32x
Debt / Free cash flow	-46.27x	7.3x	7.87x	7.55x	10.93x	8.8x	6.52x	6.44x
Capital Intensity
CAPEX / Current Assets (%)	25.7%	4.21%	5.37%	9.02%	9.31%	10.11%	8.16%	7.95%
CAPEX / EBITDA (%)	80.6%	20.62%	33.21%	30.42%	29.79%	36.21%	28.65%	28.91%
CAPEX / FCF (%)	-740.9%	37.68%	70.6%	56.44%	70.49%	79.88%	52.06%	56.08%
Items per share
Cash flow per share ¹	4.398	5.691	6.48	9.108	8.334	7.374	10.9	-
Change	-	29.4%	13.86%	40.56%	-8.5%	-11.52%	47.8%	-
Dividend per Share ¹	3.74	3.74	3.74	3.82	3.96	4.149	4.325	4.518
Change	-	0%	0%	2.14%	3.66%	4.77%	4.23%	4.46%
Book Value Per Share ¹	13.58	13.48	14.52	28.27	29.22	36.42	37.9	39.62
Change	-	-0.73%	7.71%	94.66%	3.35%	24.68%	4.06%	4.53%
EPS ¹	1.42	3.35	3.84	5.48	5.17	5.544	6.294	6.808
Change	-	135.92%	14.63%	42.71%	-5.66%	7.24%	13.51%	8.18%
Nbr of stocks (in thousands)	4,44,397	4,45,937	4,46,954	5,82,551	5,84,251	6,29,544	6,29,544	6,29,544
Announcement Date	22/02/21	28/02/22	27/02/23	26/02/24	24/02/25	-	-	-