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Oneok OKE Natural Gas Liquids — Segment adjusted EBITDA

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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 oke:AdjustedEBITDA.

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 — segment adjusted EBITDA?
Oneok (OKE) reported natural gas liquids — segment adjusted EBITDA of $706M in Q1 2026.
How has Oneok's natural gas liquids — segment adjusted EBITDA changed year-over-year?
Oneok's natural gas liquids — segment adjusted EBITDA increased by 11.2% year-over-year, from $635M to $706M.
What is the long-term trend for Oneok's natural gas liquids — segment adjusted EBITDA?
Over 4 years (2021 to 2025), Oneok's natural gas liquids — segment adjusted EBITDA has grown at a 9.1% compound annual growth rate (CAGR), from $1.96B to $2.78B.
What does natural gas liquids — segment adjusted EBITDA mean?
This is the primary performance metric for the Natural Gas Liquids segment, representing earnings before interest, taxes, depreciation, and amortization, adjusted for non-recurring or non-cash items. It serves as a proxy for the segment's cash-generating ability and operational health. It is the standard benchmark used by management to evaluate segment success.