Oneok (OKE) FY2024 10-K Annual Report
Oneok (OKE) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Oneok FY2024 10-K Analysis
Business Overview
- • Core midstream energy infrastructure business operates approx. 60,000-mile pipeline network for natural gas, NGLs, crude oil, refined products transportation
- • Completed EnLink controlling interest acquisition Oct 15, 2024, for $3.3B cash to expand scale and assets in Permian Basin, Mid-Continent, North Texas, Louisiana
Management Discussion & Analysis
- • Revenue impact not explicitly stated; significant scale increase through acquisitions totaling approx. $6.18B cash and $4.0B stock consideration
- • No specific operating margin or profitability % changes detailed for FY2025
Risk Factors
- • Legal risk: Medford incident insurance settlement gain $779 million in 2023 affected 2024 earnings comparability
- • Macroeconomic threat: Decrease in NGL volumes in Permian Basin amid expiration of low-margin contracts impacting revenues
Oneok FY2024 Key Financial MetricsXBRL
Revenue
$21.7B
▲ +22.7% YoY
Net Income
$3.0B
▲ +14.1% YoY
Operating Margin
23.0%
▼ -4bp YoY
Net Margin
14.0%
▼ -105bp YoY
ROE
17.8%
▲ +168bp YoY
Total Assets
$64.1B
▲ +44.7% YoY
EPS (Diluted)
$5.17
▼ -5.7% YoY
Operating Cash Flow
$4.9B
▲ +10.6% YoY
Source: XBRL data from Oneok FY2024 10-K filing on SEC EDGAR. All figures in USD.
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