Oneok (OKE) Debt Ratio (2009 - 2026)
Oneok's Debt Ratio came in at 0.48 for Q2 2026, down 4.3% from 0.50 a year earlier and down 2.4% from the prior quarter.
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Analysis
Oneok (OKE) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Oneok's Debt Ratio was 0.49, down 1.6% from FY2024.
- Going back by year, Debt Ratio was 0.50 in FY2024 (+2.3%), 0.49 in FY2023 (-12.4%), 0.56 in FY2022 (-3.3%) and 0.58 in FY2021 (-6.4%).
- The Q2 2026 figure represents the lowest quarterly Debt Ratio since Q4 2013.
- Year-over-year, Debt Ratio has declined for four consecutive quarters, with growth averaging 0.1% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q3 2024 (growth of 10.3%), and the weakest in Q4 2023 (a decline of 12.4%).
- Business Quant data shows OKE's Debt Ratio at 0.49 (Q1 2026), 0.49 (Q4 2025) and 0.51 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 0.48 |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 0.41 |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 0.46 |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 0.44 |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 0.69 |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 0.60 |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 0.48 |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 0.50 |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 0.68 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.48 |
| Mar 31, 2026 | 0.49 |
| Dec 31, 2025 | 0.49 |
| Sep 30, 2025 | 0.51 |
| Jun 30, 2025 | 0.50 |
| Mar 31, 2025 | 0.50 |
| Dec 31, 2024 | 0.50 |
| Sep 30, 2024 | 0.55 |
| Jun 30, 2024 | 0.49 |
| Mar 31, 2024 | 0.50 |
| Dec 31, 2023 | 0.49 |
| Sep 30, 2023 | 0.50 |
| Jun 30, 2023 | 0.53 |
| Mar 31, 2023 | 0.54 |
| Dec 31, 2022 | 0.56 |
| Sep 30, 2022 | 0.56 |
| Jun 30, 2022 | 0.56 |
| Mar 31, 2022 | 0.57 |
| Dec 31, 2021 | 0.58 |
| Sep 30, 2021 | 0.59 |
API Access
Oneok Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "OKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();