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Oneok OKE Debt-to-equity

Debt-to-equity at other companies

EOG Resources logo
EOG ResourcesEOG
0.3×+0.1×
Devon Energy logo
Devon EnergyDVN
0.6×-0.1×
Atmos Energy logo
Atmos EnergyATO
0.7×0.0×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
1.1×+0.1×
Williams Companies logo
Williams CompaniesWMB
2.1×+0.1×
Permian Resources logo
Permian ResourcesPR
0.3×-0.1×

Other financials

Income statement

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Revenue$9.6B+19.6%
Gross profit$2.6B+7.4%
Operating income$1.4B+17.1%
Net income$774.0M+21.7%
EPS (diluted)$1.23+18.3%

Balance sheet

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Cash & equivalents$172.0M+22.0%
Total debt$32.4B+8.1%
Total equity$22.4B+4.7%
Total assets$68.2B+6.1%

Cash flow

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Operating cash flow$934.0M+3.3%
CapEx$864.0M+37.4%
Free cash flow$70.0M-74.6%

Valuation

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Market cap$53.92B-8.1%
Enterprise value$86.16B-2.9%
P/E15.3×-4.1×
P/S1.5×-0.8×

Profitability

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Gross margin29.6%-6.0pp
Operating margin16.9%-3.7pp
Net margin10%-2.1pp

Returns & leverage

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Return on equity16.2%+0.1pp
Current ratio0.7×0.0×

Where this comes from

Calculated from Oneok’s reported figures.

Based on the most recent quarter.

The official record: Oneok’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Oneok's debt-to-equity?
Oneok (OKE) reported debt-to-equity of 1.4× in Q1 2026.
How has Oneok's debt-to-equity changed year-over-year?
Oneok's debt-to-equity increased by 3.3% year-over-year, from 1.4× to 1.4×.
What is the long-term trend for Oneok's debt-to-equity?
Over 4 years (2021 to 2025), Oneok's debt-to-equity has grown at a -11.4% compound annual growth rate (CAGR), from 9.3× to 5.8×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.