OKE at a glance
Oneok (OKE, SEC CIK 1039684) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as September 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Oneok (OKE) reported revenue of $33.6 billion (up 55.0% from FY2024) and net income of $3.4 billion. Diluted EPS was $5.42.
- As of June 30, 2026, 48 institutional investment managers tracked by SignalX reported holding Oneok (OKE) shares worth $21.7 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $33.6B
- +55.0% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 48 funds
- $21.7B · −2 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 7.01 · Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
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
AI summary of the OKE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $12.049B, up $4.162B YoY from $7.887B
- Operating income $1.593B vs $1.431B YoY; net income $967M vs $853M
- Best segment Natural Gas Pipelines: adjusted EBITDA $297M, up $109M; worst Natural Gas Liquids: $659M, down $14M
- Capital expenditures $613M vs $749M YoY; debt redemption $491M funded with short-term borrowings
- Outlook: approximately 90% fee-based earnings in 2026; Middle East conditions driving commodity-price volatility
Risk Factors
- No material changes to 10-K risk factors during the quarter
- New equity distribution agreement dated August 4, 2026, potentially increasing equity-financing exposure
- Ongoing uncertainty from unforeseeable risks affecting future financial performance
- Forward-looking statements remain subject to risks discussed in Management’s Discussion and Analysis
AI summary of the OKE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- ONEOK reported early tender results for a cash offer covering outstanding debt securities across 20 series
- Pricing announced for the debt tender offer, signaling execution of a liability-management transaction
Item 1.01: Entry into a Material Definitive Agreement
- ONEOK retains capacity to sell up to $1 billion of common stock through BofA Securities
- Equity issuance provides funding flexibility but creates potential shareholder dilution
Item EX-99.1: Item EX-99.1
- ONEOK’s OpCo tender offers reached the $2 billion aggregate maximum at the Sept. 14 early deadline
- $7.6 billion of notes were outstanding across 20 series, with $6.3 billion tendered by holders
Item 7.01: Regulation FD Disclosure
- ONEOK announced a Contribution Agreement and related acquisition on August 30, 2026
- Separate tender offers commenced, creating potential transaction-related changes for securityholders
Item 8.01: Other Events
- Holding-company reorganization preserves shareholder economics, management, assets and operations without a stockholder vote
- OKE trading continues uninterrupted on NYSE under the same symbol, with a new CUSIP
Item EX-99.1: Item EX-99.1
- Cash tender offers capped at $2 billion, advancing ONEOK’s previously announced $5 billion senior-debt repayment plan
- Acceptance priority favors 20 note series, with early-tender premiums of $50 per $1,000 principal amount
Item 7.01: Regulation FD Disclosure
- Q2 2026 results announced for quarter ended June 30, 2026
- Increased 2026 financial guidance, signaling stronger expected full-year performance
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results announced for quarter ended June 30, 2026
- Increased full-year 2026 financial guidance, signaling improved expectations
AI summaries of OKE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for OKE
Don't miss the next OKE filing
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- Fund moves. Which tracked funds opened, added or cut OKE, by share count.
- Ask anything. An AI agent that reads every OKE filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SWORDS SHERIDAN C | M | Sep 23, 2026 | 4,343 | - |
| HULSE WALTER S III | M | Sep 23, 2026 | 7,238 | - |
| SPEARS MARY M | M | Sep 23, 2026 | 2,316 | - |
| SWORDS SHERIDAN C | F | Sep 23, 2026 | 1,905 | $90.09 |
| HULSE WALTER S III | F | Sep 23, 2026 | 3,174 | $90.09 |
| HULSE WALTER S III | M | Sep 23, 2026 | 7,238 | - |
| SPEARS MARY M | M | Sep 23, 2026 | 2,316 | - |
| SPEARS MARY M | F | Sep 23, 2026 | 1,016 | $90.09 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $17.7B | $21.7B | $33.6B |
| Operating Income | - | $5.0B | $5.7B |
| Net Income | $2.7B | $3.0B | $3.4B |
| Op. Margin | - | 23.0% | 17.1% |
| Net Margin | 15.0% | 14.0% | 10.1% |
| Balance Sheet | |||
| Total Assets | - | $64.1B | $66.6B |
| Equity | - | $17.0B | $22.5B |
| ROE | - | 17.8% | 15.1% |
| Per Share | |||
| EPS | $5.48 | $5.17 | $5.42 |
| Cash Flow | |||
| Operating CF | - | $4.9B | $5.6B |
| CapEx | $1.6B | $2.0B | $3.2B |
Source: XBRL data in Oneok (OKE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate OKE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 48 | $21.66B |
| Q1 2026 | 50 | $22.22B |
| Q4 2025 | 48 | $17.90B |
| Q3 2025 | 49 | $18.06B |
| Q2 2025 | 45 | $19.40B |
| Q1 2025 | 44 | $17.64B |
| Q4 2024 | 39 | $14.40B |
| Q3 2024 | 37 | $6.57B |
- BlackRock+5.15M (+9%)
- State Street Corp+2.06M (+5%)
- Goldman Sachs Group+668.6K (+11%)
- Dimensional Fund Advisors+401.8K (+7%)
- Vanguard Capital Management LLC+245.1K (+1%)
- Blackstone Group−3.05M (-89%)
- T. Rowe Price Group−1.64M (-64%)
- Morgan Stanley−701.7K (-6%)
- Bank of America Corp−77.7K (-1%)
- Northern Trust−55.4K (-1%)
- Millennium Management−383.2K
- Bridgewater Associates LP−19.9K
- StoneX Group Inc.−2.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 360 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
OKE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 8-K | Aug 31, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 4 | Jun 1, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| SC 13G | Apr 30, 2026 | - | - | |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 8-K | Mar 25, 2026 | - | - | - |
| 10-K | Feb 24, 2026 | Dec 31, 2025 | Analysis | |
| 4 | Feb 24, 2026 | - | - | - |
| 4 | Feb 24, 2026 | - | - | - |
| 4 | Feb 24, 2026 | - | - | - |
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OKE SEC filings: frequently asked questions
Which institutions hold OKE stock?
As of June 30, 2026, the largest Oneok (OKE) holders among the 13F filers tracked by SignalX were BlackRock ($5.6 billion), State Street Corp ($3.8 billion), Vanguard Capital Management LLC ($3.6 billion), Vanguard Portfolio Management LLC ($2.7 billion), Morgan Stanley ($1.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was OKE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Oneok (OKE) reported revenue of $33.6 billion (up 55.0% from FY2024) and net income of $3.4 billion. Diluted EPS was $5.42. The figures come from the XBRL data in the 10-K.
What are the main risks in OKE's latest 10-K?
In the 10-K filed February 24, 2026, Oneok (OKE) flagged: 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. (AI summary of the Risk Factors section.)
What did OKE report in its latest 8-K?
Oneok (OKE) filed an 8-K on September 15, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 1.01 (Entry into a Material Definitive Agreement). ONEOK reported early tender results for a cash offer covering outstanding debt securities across 20 series.
What are the latest OKE SEC filings?
Oneok (OKE) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on September 24, 2026.
What is OKE's SEC CIK number?
Oneok (OKE)'s SEC Central Index Key (CIK) is 1039684. EDGAR lists every OKE filing under that number.
Ask anything about OKE
The research agent reads OKE's filings, financials, insider trades and 13F holders, then answers with sources.