OKE Oneok

company

SEC Filings & Insider Trading Activity 2026

Management Discussion & Analysis

• • Revenue $33.6B in 2025, up $11.9B (+55% YoY) from $21.7B; driven by EnLink/Medallion full-year consolidation and higher commodity volumes
• • Operating income $5.74B vs $4.99B; operating margin 17.1% vs 23.0% as cost of sales surged $10.1B with commodity revenue growth
• • Best segment: Natural Gas Gathering & Processing adjusted EBITDA $2.14B (+$654M YoY); worst: Natural Gas Pipelines adjusted EBITDA down $39M from interstate pipeline divestiture
• • Operating cash flow $5.6B vs $4.9B; capex $3.15B vs $2.02B; dividends $4.12/share (+4% YoY); buybacks only $62M of $2.0B authorized program
• • 2026 capex guidance $2.7–$3.2B; key projects include Texas City LPG terminal ($700M, 2028) and Eiger Express Pipeline ($350M, 2028); risks include rising interest expense ($1.78B in 2025 vs $1.37B in 2024) and $1.9B working capital deficit

Business Overview

• • Integrated midstream platform (~60,000-mile pipeline network) providing gathering, processing, fractionation, transport, storage, and marine export across 4 fee-based segments (~90% fee-based in 2025)
• • EnLink fully acquired Jan 31, 2025 for $4.0B (41M shares); Delaware Basin JV acquired May 2025 for $941M; BridgeTex stake raised to 60% for ~$270M
• • Major Permian Basin buildout: Bighorn plant (300 MMcf/d, ~$365M), plant relocation (150 MMcf/d), two facility expansions (+110 MMcf/d); plus $1.0B LPG export terminal JV with MPLX targeting 400 MBbl/d by 2028
• • NGL fractionator utilization rose to 94% (vs 92% in 2024); natural gas pipeline subscription fell to 91% (from 97%), reflecting 2024 interstate pipeline divestiture impact
• • MSCI ESG Rating AA; achieved 1.8 of 2.2 million metric ton GHG reduction target ahead of 2030 deadline, with 6,326 employees as of Dec 31, 2025

Risk Factors

• • Total debt $34.0B as of Dec 31, 2025; $3.5B credit agreement with financial ratio covenants limiting additional borrowing capacity
• • FERC rate regulation under Natural Gas Act and Interstate Commerce Act; shipper protests or refund orders could force rate reductions on long-haul pipelines
• • EPA's 2009 GHG endangerment finding eliminated Feb 12, 2026; Methane Fee suspended by One Big Beautiful Bill Act July 4, 2025, but outcome subject to extensive litigation
• • Dependence on third-party refineries, gathering systems and pipelines for supply; refinery closures could strand volumes on Refined Products and crude oil pipelines
• • Tariffs on non-U.S. construction materials raising capital project costs; inflationary pressure compounding risk on long-lead infrastructure builds

What are the latest OKE SEC filings in 2026?

Oneok (OKE) has filed a 10-K annual report on February 24, 2026, a 10-Q quarterly report on April 29, 2026, an 8-K current report on August 3, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did OKE file its most recent 10-K annual report?

Oneok (OKE) filed its most recent 10-K annual report on February 24, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view OKE 10-Q quarterly reports?

Oneok (OKE)'s most recent 10-Q quarterly report was filed on April 29, 2026. SignalX displays every OKE 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has OKE filed recently?

Oneok (OKE)'s most recent 8-K was filed on August 3, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find OKE insider trading activity (Form 4)?

SignalX aggregates every OKE Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does OKE file with the SEC?

Oneok (OKE) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new OKE filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Oneok (OKE).

What is OKE's SEC CIK number?

Oneok (OKE)'s SEC CIK (Central Index Key) number is 1039684. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1039684 to look up all OKE filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find OKE return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Oneok (OKE) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.