Oneok Inc

Company facts

Industry

Natural Gas Transmisison & Distribution

Headquarters

Tulsa, Oklahoma

Most recent report

8-K, filed Aug 31, 2026

Incorporated

Oklahoma

Filings on record

1,000+ filings

On EDGAR

CIK 1039684

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 2 positive, 7 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Financial statements with key operating & liquidity data, new debt, impairment, and derivative losses.
  Notable

  • Unrealized loss on cash flow hedges of $371M in OCI for six months, will hit future earnings.
  • Leverage covenant extended at 5.5x through Q2 2026, then drops to 5.0x; ratio was 4.1x at June 2026.
  • New VIE OWM formed in Jan 2026; partner has put right; recorded $44M redeemable noncontrolling interests.

• Management's Discussion (Item 2)

  MD&A with segment results, capital projects, term loan draw, and impairment detail.
  Positive

  • Quarterly dividend increased 4% to $1.07 per share; cash flows from operations topped dividends by $1.6B in H1 2026.
  • Operating income up $162M to $1,593M in Q2 2026 vs Q2 2025, led by pipelines and refined products.
  Notable

  • $1.2B term loan fully drawn by July 2026; $899M commercial paper outstanding at June 30, 2026.
  • Natural Gas Pipelines adjusted EBITDA surged $109M in Q2 2026 on favorable Waha-Katy price differentials.
  • Working capital deficit of $1.9B at June 30, 2026, due to current debt maturities and short-term borrowings.
  • 2026 capital expenditure guidance of $2.7B-$3.2B includes $700M Texas City export terminal and $350M Eiger pipeline.
  Negative

  • Recorded $60M noncash impairment on its 50% Powder Springs investment in Q1 2026, Refined Products segment.

What changed: Jun 2026 vs. Mar 2026

About 13% of OKE's Jun 2026 10-Q is new information. 47 paragraphs were added, 120 changed, and 19 removed. Below are the most important lines SECSift identified.

• Item 2 97
• Item 1 29
• Item 3 2
• Item 6 2
• Item 4 1
• Item 5 1