v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues (Note J) $ 12,049 $ 7,887 $ 21,667 $ 15,930
Cost of sales and fuel (exclusive of items shown separately below) 9,242 5,360 16,295 11,015
Operations and maintenance 715 618 1,349 1,273
Depreciation and amortization 387 368 765 748
General taxes 108 88 220 185
Transaction costs 4 22 11 64
Other operating expense (income), net 0 0 6 (6)
Operating income 1,593 1,431 3,021 2,651
Equity in net earnings from investments (Note H) 103 81 192 189
Impairment of equity investments (Note H) 0 0 (60) 0
Other income, net 4 39 7 41
Interest expense (434) (438) (873) (880)
Income before income taxes 1,266 1,113 2,287 2,001
Income taxes (299) (260) (544) (457)
Net income 967 853 1,743 1,544
Less: Net income attributable to noncontrolling interests 1 12 3 67
Net income attributable to ONEOK $ 966 $ 841 $ 1,740 $ 1,477
Basic EPS (Note G) (in dollars per share) $ 1.53 $ 1.34 $ 2.76 $ 2.38
Diluted EPS (Note G) (in dollars per share) $ 1.53 $ 1.34 $ 2.75 $ 2.38
Average shares (millions)        
Basic (in shares) 630.9 627.2 630.8 619.3
Diluted (in shares) 632.0 628.1 631.8 620.3
Commodity sales        
Revenues        
Total revenues (Note J) $ 10,814 $ 6,726 $ 19,259 $ 13,638
Services and other        
Revenues        
Total revenues (Note J) $ 1,235 $ 1,161 $ 2,408 $ 2,292