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Oneok OKE Equity method investments (Note 11)

Equity method investments (Note 11) at other companies

MPLX logo
MPLXMPLX
$4.98B+4.8%
TRG
Targa ResourcesTRGP
$315M+44.8%
HES
Hess MidstreamHESM
DT Midstream logo
DT MidstreamDTM
Xcel Energy logo
Xcel EnergyXEL

Segments

By segment

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Refined Products and Crude Oil$1.18B+15.1%
Natural Gas Pipelines$1.04B+27.9%
Natural Gas Liquids$718M+37.0%
Natural Gas Gathering and Processing$40M+8.1%

Other financials

Income statement

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Revenue$9.6B+19.6%
Gross profit$2.6B+7.4%
Operating income$1.4B+17.0%
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$54.78B+8.9%
Enterprise value$87.01B+7.4%
P/E15.5×-0.7×
P/S1.6×-0.2×

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:EquityMethodInvestments.

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 equity method investments (note 11)?
Oneok (OKE) reported equity method investments (note 11) of $2.99B in Q1 2026.
How has Oneok's equity method investments (note 11) changed year-over-year?
Oneok's equity method investments (note 11) increased by 24.1% year-over-year, from $2.41B to $2.99B.
What is the long-term trend for Oneok's equity method investments (note 11)?
Over 5 years (2020 to 2025), Oneok's equity method investments (note 11) has grown at a 29.1% compound annual growth rate (CAGR), from $805.03M to $2.89B.
What does equity method investments (note 11) mean?
This represents the company's interests in other entities where it exerts significant influence but does not have full control. The value is adjusted periodically to reflect the company's share of the investee's earnings or losses. These investments are often strategic partnerships or joint ventures that provide exposure to specific markets or technologies.