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Oneok OKE Natural Gas Liquids — Impairment of equity investments (Note H)

Other segment segments

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

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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$56.4B+9.6%
Enterprise value$88.64B+9.0%
P/E16×-1.0×
P/S1.6×-0.5×

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 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 natural gas liquids — impairment of equity investments (note h)?
Oneok (OKE) reported natural gas liquids — impairment of equity investments (note h) of $0 in Q1 2026.
What does natural gas liquids — impairment of equity investments (note h) mean?
This metric records the reduction in the carrying value of equity investments within the NGL segment when their fair value falls below their book value. It indicates that the long-term prospects of a specific partnership or investment have deteriorated. It is a non-cash charge that highlights potential risks in the company's investment portfolio.