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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues (Note K) $ 7,887 $ 4,894 $ 15,930 $ 9,675
Cost of sales and fuel (exclusive of items shown separately below) 5,360 2,891 11,015 5,788
Operations and maintenance 618 486 1,273 969
Depreciation and amortization 368 262 748 516
General taxes 88 83 185 169
Transaction costs (Note B) 22 4 64 7
Other operating income, net 0 (61) (6) (67)
Operating income 1,431 1,229 2,651 2,293
Equity in net earnings from investments (Note I) 81 88 189 164
Other income, net 39 4 41 11
Interest expense (438) (298) (880) (598)
Income before income taxes 1,113 1,023 2,001 1,870
Income taxes (260) (243) (457) (451)
Net income 853 780 1,544 1,419
Less: Net income attributable to noncontrolling interests (12) 0 (67) 0
Net income attributable to ONEOK $ 841 $ 780 $ 1,477 $ 1,419
Basic EPS (Note H) (in dollars per share) $ 1.34 $ 1.33 $ 2.38 $ 2.43
Diluted EPS (Note H) (in dollars per share) $ 1.34 $ 1.33 $ 2.38 $ 2.42
Average shares (millions)        
Basic (in shares) 627.2 584.6 619.3 584.4
Diluted (in shares) 628.1 585.8 620.3 585.7
Commodity sales        
Revenues        
Total revenues (Note K) $ 6,726 $ 3,994 $ 13,638 $ 7,922
Services and other        
Revenues        
Total revenues (Note K) $ 1,161 $ 900 $ 2,292 $ 1,753