ONEOK (OKE) FY2024 results: revenue $21.7 billion, up 22.7% on the year
ONEOK Inc. (OKE) reported revenue of $21.7 billion for fiscal 2024, the year ended 31 December 2024, up 22.7% on the year before. Net income was $3.0 billion, up 14.1%, and diluted earnings per share $5.17. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$21.7 billion
+22.7% on the year
FY2017FY2024
Operating margin
23.0%
23.0% a year earlier
FY2017FY2024
Net income
$3.0 billion
+14.1% on the year
FY2017FY2024
Diluted EPS
$5.17
-5.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,888
4,421
2,906
+10.6%
Capital expenditure
2,021
1,595
1,202
+26.7%
Free cash flow
2,867
2,826
1,704
+1.5%
Free cash flow margin
13.2%
16.0%
7.6%
Cash from investing
-6,612
-6,404
-1,139
Cash from financing
2,119
2,101
-1,693
+0.9%
Depreciation and amortisation
1,134
769
626
+47.5%
Share-based compensation
102
63.0
53.0
+61.9%
Buybacks
159
0.0
0.0
Dividends paid
2,313
1,839
1,672
+25.8%
Dividend per share
$3.96
$3.82
$3.74
+3.7%
Diluted shares, weighted
586m
485m
448m
+20.8%
Shares outstanding at period end
583m
583m
447m
+0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
17,036
16,484
6,494
+3.3%
Non-controlling interest
5,097
0.0
0.1
Short-term borrowings
0.0
0.0
n/a
Debt
32,100
21,700
13,600
+47.9%
Operating lease liabilities
154
74.0
68.1
+108.1%
Other liabilities
9,682
6,008
4,217
+61.2%
Total liabilities and equity
64,069
44,266
24,379
+44.7%
Fixed assets
45,935
32,697
19,953
+40.5%
Goodwill
8,091
4,952
528
+63.4%
Intangible assets
3,039
1,316
225
+130.9%
Cash and equivalents
733
338
220
+116.9%
Receivables
2,326
1,705
1,532
+36.4%
Inventory
748
639
432
+17.1%
Other assets
3,197
2,619
1,489
+22.1%
Total assets
64,069
44,266
24,379
+44.7%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.