ONEOK Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.63B | $21.70B | $17.68B | $22.39B | $16.54B | $8.54B | $10.15B | $12.49B |
| Product sales | — | — | $15.49B | $20.32B | — | $7.02B | $8.63B | $11.05B |
| Services | — | — | $2.19B | $2.07B | — | $1.51B | $1.52B | $1.44B |
| Cost of Revenue | $23.37B | $13.31B | $11.93B | $17.91B | $12.26B | $5.11B | $6.79B | $9.42B |
| Gross Profit | $10.26B | $8.39B | $5.75B | $4.48B | $4.28B | $3.43B | $3.36B | $3.07B |
| Gross Margin | 30.5% | 38.7% | 32.5% | 20.0% | 25.9% | 40.1% | 33.1% | 24.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $5.74B | $4.99B | $4.07B | $2.81B | $2.60B | $1.36B | $1.91B | $1.84B |
| Operating Margin | 17.1% | 23.0% | 23.0% | 12.5% | 15.7% | 15.9% | 18.9% | 14.7% |
| Interest Expense | — | — | $866.0M | $676.0M | $733.0M | $712.9M | $491.8M | $469.6M |
| Pretax Income | $4.49B | $4.11B | $3.50B | $2.25B | $1.98B | $802.3M | $1.65B | $1.52B |
| Income Tax Expense | $1.03B | $998.0M | $838.0M | $528.0M | $484.0M | $189.5M | $372.4M | $362.9M |
| Net Income | $3.39B | $3.04B | $2.66B | $1.72B | $1.50B | $612.8M | $1.28B | $1.15B |
| Net Margin | 10.1% | 14.0% | 15.0% | 7.7% | 9.1% | 7.2% | 12.6% | 9.2% |
| EPS (Basic) | $5.43 | $5.19 | $5.49 | $3.85 | $3.36 | $1.42 | $3.09 | $2.80 |
| EPS (Diluted) | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 |
| Shares Outstanding (Basic) | 624.8M | 584.6M | 484.3M | 447.5M | 446.4M | 431.1M | 413.6M | 411.5M |
| Shares Outstanding (Diluted) | 625.9M | 586.5M | 485.4M | 448.4M | 447.4M | 431.8M | 415.4M | 414.2M |
| Dividends Per Share | $4.12 | $3.96 | $3.82 | $3.74 | $3.74 | $3.74 | $3.53 | $3.25 |