What is Oneok's natural gas pipelines — goodwill (note f)?

Oneok (OKE) reported natural gas pipelines — goodwill (note f) of $355M in Q4 2025.

What does natural gas pipelines — goodwill (note f) mean?

The net carrying value of goodwill allocated to the natural gas pipeline segment as reported in financial disclosures. This represents the residual value of acquisitions after accounting for any accumulated impairment losses. It is used by investors to track the long-term asset value of the segment's inorganic growth strategy.

Oneok OKE Natural Gas Pipelines — Goodwill (Note F)

Similar metrics at other companies

EPNatural Gas Pipelines — Goodwill, Impaired, Accumulated Impairment Loss

$4.24B0.0%

WTRGNatural Gas — Goodwill

$2.28B0.0%

NWENatural gas — Goodwill

$124.08M+8.8%

UGIRegulated natural gas utilities — Goodwill

$432M0.0%

SPHNatural Gas And Electricity — Goodwill

$7.9M0.0%

EPDOnshore Natural Gas Pipelines And Services — Goodwill, impaired, accumulated impairment loss

$296M0.0%

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$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:Goodwill.

The official record: Oneok’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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What is Oneok's natural gas pipelines — goodwill (note f)?: Oneok (OKE) reported natural gas pipelines — goodwill (note f) of $355M in Q4 2025.
What does natural gas pipelines — goodwill (note f) mean?: The net carrying value of goodwill allocated to the natural gas pipeline segment as reported in financial disclosures. This represents the residual value of acquisitions after accounting for any accumulated impairment losses. It is used by investors to track the long-term asset value of the segment's inorganic growth strategy.