Financials Oneok, Inc.

Equities

OKE

US6826801036

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 04:00:02 2024-12-09 pm EST			5-day change	1st Jan Change
105.12 ^USD	-3.56%		-4.82%	+49.70%

Dec. 09	RBC Capital Adjusts ONEOK Price Target to $115 From $98	MT
Dec. 04	ONEOK Completes NGL Fractionation, Pipeline Expansion Projects	MT

Projected Income Statement: Oneok, Inc.

income-statement-evolution-chart ONEOK-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	10,164	8,542	16,540	22,387	17,677	22,144	27,875	30,114
Change	-	-15.96%	93.63%	35.35%	-21.04%	25.27%	25.88%	8.03%
EBITDA ¹	2,580	2,724	3,380	3,620	5,243	6,512	8,398	8,913
Change	-	5.56%	24.08%	7.1%	44.85%	24.21%	28.95%	6.14%
EBIT ¹	1,914	1,361	2,596	2,807	4,072	5,001	6,286	6,789
Change	-	-28.89%	90.71%	8.13%	45.05%	22.83%	25.68%	8%
Interest Paid ¹	-491.8	-712.9	-732.9	-675.9	-866	-1,297	-1,605	-1,684
Earnings before Tax (EBT) ¹	1,651	802.3	1,984	2,250	3,497	3,988	4,998	5,295
Change	-	-51.4%	147.31%	13.38%	55.45%	14.04%	25.33%	5.95%
Net income ¹	1,277	611.7	1,500	1,721	2,658	2,974	3,664	4,026
Change	-	-52.12%	145.17%	14.76%	54.43%	11.89%	23.21%	9.87%
Announcement Date	2/24/20	2/22/21	2/28/22	2/27/23	2/26/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	2,664	2,137	1,661	2,174	2,571	3,195	3,389	4,536	5,420	5,445	5,997	5,914	5,032	4,521	3,732	4,189	5,235	4,781	4,894	5,023	6,831	6,620	6,103	6,159	6,620	6,730	6,246	6,316
Change	-	-19.78%	-22.27%	30.92%	18.23%	24.28%	6.08%	33.85%	19.49%	0.44%	10.14%	-1.39%	-14.91%	-10.16%	-17.45%	12.25%	24.97%	-8.67%	2.36%	2.64%	35.99%	-3.09%	-7.8%	0.92%	7.47%	1.67%	-7.19%	1.12%
EBITDA ¹	660.5	700.8	533.9	747	742	866.4	801.5	865.2	846.6	863.9	886	902.4	967.4	1,717	971	1,001	1,514	1,440	1,624	1,545	1,964	2,050	2,079	2,121	2,223	2,203	2,151	2,191
Change	-	6.1%	-23.82%	39.91%	-0.67%	16.77%	-7.49%	7.95%	-2.15%	2.04%	2.56%	1.85%	7.2%	77.49%	-43.45%	3.09%	51.25%	-4.89%	12.78%	-4.86%	27.14%	4.38%	1.38%	2.03%	4.83%	-0.89%	-2.37%	1.84%
EBIT ¹	487.3	-83.5	355.7	550.4	538.7	664.7	611.5	667.9	652.2	662.5	689	699.2	756.8	1,497	737	739	1,099	1,064	1,229	1,128	1,508	1,562	1,557	1,686	1,819	1,822	1,710	1,757
Change	-	-	-	54.74%	-2.13%	23.39%	-8%	9.22%	-2.34%	1.58%	4%	1.48%	8.24%	97.81%	-50.77%	0.27%	48.71%	-3.18%	15.51%	-8.22%	33.68%	3.57%	-0.29%	8.29%	7.86%	0.19%	-6.19%	2.75%
Charge d'intérêts ¹	-129.3	-140.6	-219	-176.4	-176.9	-185.5	-185	-184	-178.4	-172.1	-170.8	-166.9	-166.2	-166	-180	-215	-305	-300	-298	-325	-374.2	-394.3	-393.8	-391.1	-386.9	-282.1	-282.1	-263.6
Earnings before Tax (EBT) ¹	418.4	-197.3	177.5	418.9	403.2	508.3	452.2	513.9	509.8	513.6	545.1	563.9	627.1	1,379	613	595	910	847	1,023	912	1,338	1,399	1,385	1,441	1,554	1,528	1,470	1,514
Change	-	-	-	136.04%	-3.73%	26.06%	-11.04%	13.65%	-0.81%	0.75%	6.13%	3.45%	11.21%	119.91%	-55.55%	-2.94%	52.94%	-6.92%	20.78%	-10.85%	46.76%	4.53%	-0.98%	4.03%	7.82%	-1.69%	-3.77%	2.98%
Net income ¹	320	-142.1	134	312	307.8	385.9	342.1	391.7	379.4	390.9	414.1	431.5	484.6	1,049	468	453	688	639	780	692	876.1	923.9	931.4	1,042	1,153	1,242	1,154	1,204
Change	-	-	-	132.79%	-1.37%	25.39%	-11.35%	14.51%	-3.15%	3.03%	5.94%	4.2%	12.32%	116.45%	-55.39%	-3.21%	51.88%	-7.12%	22.07%	-11.28%	26.6%	5.46%	0.81%	11.88%	10.65%	7.75%	-7.1%	4.35%
Announcement Date	2/24/20	4/28/20	7/28/20	10/27/20	2/22/21	4/27/21	8/3/21	11/2/21	2/28/22	5/3/22	8/8/22	11/1/22	2/27/23	5/2/23	8/7/23	10/31/23	2/26/24	4/30/24	8/5/24	10/29/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Oneok, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	12,713	13,712	13,497	13,401	21,329	28,891	29,956	28,338
Change	-	7.86%	-1.57%	-0.71%	59.16%	35.45%	3.69%	-5.4%
Announcement Date	2/24/20	2/22/21	2/28/22	2/27/23	2/26/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Oneok, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	3,848	2,195	696.9	1,202	1,595	1,956	2,101	2,064
Change	-	-42.95%	-68.26%	72.5%	32.68%	22.62%	7.44%	-1.76%
Free Cash Flow (FCF) ¹	-1,902	-296.3	1,849	1,703	2,826	3,028	4,883	5,427
Change	-	-84.42%	-724.14%	-7.93%	65.96%	7.15%	61.25%	11.14%
Announcement Date	2/24/20	2/22/21	2/28/22	2/27/23	2/26/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Oneok, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	25.38%	31.89%	20.43%	16.17%	29.66%	29.41%	30.13%	29.6%
EBIT Margin (%)	18.83%	15.94%	15.7%	12.54%	23.04%	22.59%	22.55%	22.54%
EBT Margin (%)	16.24%	9.39%	12%	10.05%	19.78%	18.01%	17.93%	17.58%
Net margin (%)	12.57%	7.16%	9.07%	7.69%	15.04%	13.43%	13.15%	13.37%
FCF margin (%)	-18.71%	-3.47%	11.18%	7.61%	15.99%	13.67%	17.52%	18.02%
FCF / Net Income (%)	-148.85%	-48.44%	123.32%	98.94%	106.32%	101.82%	133.26%	134.8%
Profitability
ROA	6.38%	2.73%	6.42%	7.18%	7.74%	5%	5.3%	6%
ROE	19.95%	9.99%	24.86%	27.53%	23.14%	16.63%	19.33%	18.48%
Financial Health
Leverage (Debt/EBITDA)	4.93x	5.03x	3.99x	3.7x	4.07x	4.44x	3.57x	3.18x
Debt / Free cash flow	-6.69x	-46.27x	7.3x	7.87x	7.55x	9.54x	6.14x	5.22x
Capital Intensity
CAPEX / Current Assets (%)	37.86%	25.7%	4.21%	5.37%	9.02%	8.83%	7.54%	6.86%
CAPEX / EBITDA (%)	149.15%	80.6%	20.62%	33.21%	30.42%	30.03%	25.02%	23.16%
CAPEX / FCF (%)	-202.38%	-740.9%	37.68%	70.6%	56.44%	64.59%	43.04%	38.04%
Items per share
Cash flow per share ¹	4.686	4.398	5.691	6.48	9.108	7.723	8.883	-
Change	-	-6.14%	29.4%	13.86%	40.56%	-15.2%	15.01%	-
Dividend per Share ¹	3.53	3.74	3.74	3.74	3.82	3.976	4.143	4.325
Change	-	5.95%	0%	0%	2.14%	4.08%	4.21%	4.39%
Book Value Per Share ¹	15.07	13.58	13.48	14.52	28.27	29.68	35.9	37.43
Change	-	-9.85%	-0.73%	7.71%	94.66%	5%	20.93%	4.26%
EPS ¹	3.07	1.42	3.35	3.84	5.48	5.144	6.054	6.577
Change	-	-53.75%	135.92%	14.63%	42.71%	-6.13%	17.69%	8.63%
Nbr of stocks (in thousands)	413,085	444,397	445,937	446,954	582,551	584,184	584,184	584,184
Announcement Date	2/24/20	2/22/21	2/28/22	2/27/23	2/26/24	-	-	-