Oneok (OKE) Debt Ratio (2009 - 2026)

Oneok (OKE) posted Debt Ratio of 0.5 for Q2 2026, down 2.75% on a QoQ basis from 0.52 in Q1 2026, and down 4.89% year-over-year from 0.53 in Q2 2025.

Analysis

Oneok (OKE) Debt Ratio (2009 - 2026) Analysis & Trends

Oneok has reported Debt Ratio for 18 years, with the latest figure at 0.5 in Q2 2026.

On a quarterly basis, Debt Ratio fell 4.89% year-over-year to 0.5 in Q2 2026; TTM through Jun 2026 was 0.5, a 4.89% decrease from a year earlier, with the FY2025 full-year figure at 0.51, up 2.09% from the prior year.
Debt Ratio was 0.5 for Q2 2026 at Oneok, down from 0.52 in the prior quarter.
The five-year high for Debt Ratio was 0.61 in Q1 2022, with the low at 0.5 in Q4 2024.
Average Debt Ratio over 5 years is 0.54, with a median of 0.53 recorded in 2025.
The sharpest annual moves came in 2023 and 2024: Debt Ratio fell 15.89% in 2023, then grew 12.3% in 2024.
Over 5 years, Debt Ratio stood at 0.6 in 2022, then fell by 15.89% to 0.5 in 2023, then fell by 0.1% to 0.5 in 2024, then rose by 2.09% to 0.51 in 2025, then decreased by 1.54% to 0.5 in 2026.
The last three Debt Ratio figures came in at 0.5 (Q2 2026), 0.52 (Q1 2026), and 0.51 (Q4 2025), per Business Quant data.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Kinder Morgan	111.69 Bn	112.81 Bn	3.07 Bn	0.44
2	Enterprise Products Partners	84.07 Bn	83.21 Bn	-	0.41
3	Energy Transfer	74.03 Bn	73.00 Bn	7.40 Bn	0.46
4	Tc Energy	65.16 Bn	64.62 Bn	1.80 Bn	-
5	Targa Resources	62.18 Bn	62.19 Bn	2.14 Bn	0.69
6	Mplx	60.51 Bn	59.48 Bn	2.73 Bn	0.60
7	Oneok	60.16 Bn	60.09 Bn	2.81 Bn	0.50
8	Enbridge	54.38 Bn	54.88 Bn	5.23 Bn	0.48
9	Pembina Pipeline	28.12 Bn	27.76 Bn	933.00 Mn	0.03
10	Gas Transporter Of The South	21.92 Bn	-3,019.13 Bn	-	0.27

Historic Data

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