v3.26.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Total revenues (Note K) $ 12,455 $ 8,634 $ 34,122 $ 24,564
Cost of sales and fuel (exclusive of items shown separately below) 9,612 5,962 25,907 16,977
Operations and maintenance 767 639 2,116 1,912
Depreciation and amortization 395 378 1,160 1,126
General taxes 94 99 314 284
Transaction costs 15 10 26 74
Other operating expense (income), net 4 (12) 10 (18)
Operating income 1,568 1,558 4,589 4,209
Equity in net earnings from investments (Note I) 103 92 295 281
Impairment of equity investments (Note I) 0 0 (60) 0
Other income, net 102 37 109 78
Interest expense (415) (450) (1,288) (1,330)
Income before income taxes 1,358 1,237 3,645 3,238
Income tax benefit (expense) (Note F) 26 (297) (518) (754)
Net income 1,384 940 3,127 2,484
Less: Net income attributable to noncontrolling interests 34 1 37 68
Net income attributable to ONEOK $ 1,350 $ 939 $ 3,090 $ 2,416
Basic EPS (Note G) (in dollars per share) $ 2.14 $ 1.49 $ 4.90 $ 3.88
Diluted EPS (Note G) (in dollars per share) $ 2.13 $ 1.49 $ 4.89 $ 3.87
Average shares (millions)        
Basic (in shares) 631.1 630.6 630.9 623.1
Diluted (in shares) 632.6 631.5 632.1 624.1
Commodity sales        
Revenues        
Total revenues (Note K) $ 11,190 $ 7,416 $ 30,449 $ 21,054
Services and other        
Revenues        
Total revenues (Note K) $ 1,265 $ 1,218 $ 3,673 $ 3,510