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OKEOneok

Energy · Gas Utilities · NYSE

We are incorporated under the laws of the state of Oklahoma, and our common stock is listed on the NYSE under the trading symbol “OKE.” We deliver energy products and services vital to an advancing world. 10-K, Item 1

Employees
6,326
Headquarters
Tulsa, OK
Next results
around Feb 22, 2027
Compare with peers → Embed
RevenueFY2016–25 $33.6B+55.0% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $3.4B+11.8% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.4B−14.6% FY2024: $2.9B 10-K FY2025 · XBRL Operating marginFY2016–25 17.1%−5.9 pts 14.5% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 24, 2026 against Feb 25, 2025
AreaWhat changedSource
Risk factors4 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Critical audit matters changedNew this year: Revenue Recognition - Liquids Commodity Sales (“As described in Note A to the consolidated financial statements, the Company records revenue from liquids commodity sales when the commodity is delivered to the customer as this represents the point in time when control of the product is transferred to the customer. Revenue is recorded based on the ”). No longer listed: Acquisition of EnLink Midstream, LLC - Valuation of Pipelines, Rights-of-Way and Processing Plants. Same as last year: Tulsa, Oklahoma; February 24, 202610-K · XBRL
Accounting checks10 other checks clear, 1 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings2 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 24, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

  1. In addition, scrutiny regarding climate change and other ESG matters has resulted in an increased likelihood of governmental investigations, regulation, shareholder activism and private litigation by both advocates and opponents of such matters, which could increase our costs or otherwise adversely affect our business. For example,…
    10-K, Item 1A
All 4 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

  • !
    Critical audit matters changedNew this year: Revenue Recognition - Liquids Commodity Sales (“As described in Note A to the consolidated financial statements, the Company records revenue from liquids commodity sales when the commodity is delivered to the customer as this represents the point in time when control of the product is transferred to the customer. Revenue is recorded based on the ”). No longer listed: Acquisition of EnLink Midstream, LLC - Valuation of Pipelines, Rights-of-Way and Processing Plants. Same as last year: Tulsa, Oklahoma; February 24, 2026
  • ✓
    Receivables +29.4% vs revenue +55.0% (-25.6 pts)
  • ✓
    Cash from operations $5.6B vs net income $3.4B (FY ending 2025-12-31)
  • ✓
    Inventory +26.7% vs revenue +55.0% (-28.2 pts)
  • ✓
    Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on OKE in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/OKE/export.csv") into a cell.