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Oneok OKE Impairment Charges

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Segments

By segment

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Refined Products and Crude Oil$60M
Natural Gas Gathering and Processing$0
Natural Gas Liquids$0

Other financials

Income statement

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Revenue$9.6B+19.6%
Gross profit$2.6B+7.4%
Operating income$1.4B+17.0%
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+4.6%
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-74.5%

Valuation

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Market cap$55.43B+17.5%
Enterprise value$87.67B+12.5%
P/E15.7×+0.4×
P/S1.6×-0.1×

Profitability

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Gross margin29.6%-6.0pp
Operating margin16.9%-3.7pp
Net margin10%-2.1pp
FCF margin6.4%-5.9pp

Returns & leverage

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Return on equity16.2%+0.1pp
Debt / equity1.4×0.0×
Current ratio0.7×0.0×

Where this comes from

Reported directly by Oneok in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestmentOtherThanTemporaryImpairment.

The source filing: Oneok’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001039684-26-000017
ONEOK, Inc. and Subsidiaries / CONSOLIDATED STATEMENTS OF INCOME / (Unaudited)Three Months Ended / March 31, 20262025
Other operating expense (income), net6(6)
Operating income1,4281,220
Equity in net earnings from investments (Note H)89108
Impairment of equity investments (Note H)(60)
Other income, net32
Interest expense (net of capitalized interest of $27 and $10, respectively)(439)(442)
Income before income taxes1,021888
Income taxes(245)(197)

Item 1. Financial Statements (Unaudited)

FAQ

What is Oneok's impairment charges?
Oneok (OKE) reported impairment charges of $60M in Q1 2026.
What does impairment charges mean?
Non-cash asset impairment charges added back in the operating cash flow reconciliation since they don't represent cash outflows.

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