ONEOK INC NEW（OKE）の決算・業績分析
ONEOK INC NEWの2025年有価証券報告書をAI分析。売上高$33.6B(+55.0%)。営業利益$5.7B。Utilities。
目次
ONEOK INC NEWの2025年度 業績サマリー
ONEOK INC NEW（証券コード: OKE）の2025年度決算・業績分析。売上高は$33.6B（前年比+55.0%）。営業利益は$5.7B（前年比+15.1%）。純利益は$3.4B（前年比+11.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
ONEOK INC NEWの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 35.4% YoY to $22.4B (XBRL), driven by new Refined Products and Crude segment and higher NGL volumes.
- Operating income rose 8.1% YoY to $2.8B (XBRL), with operating margin at 12.5% (XBRL).
- Net income increased 14.8% YoY to $1.7B (XBRL), despite net debt-to-EBITDA of 6.1x (XBRL).
ONEOK INC NEWの売上高変化の要因
- •Total revenue reached $22.4B (XBRL), up 35.4% YoY. Growth was driven by a full year of earnings from the new Refined Products and Crude segment, higher NGL and natural gas processing volumes in the Rocky Mountain region, and the interstate pipeline divestiture (10-K). Segment-specific revenue figures are not available in the XBRL data or 10-K text (N/A).
ONEOK INC NEWの営業利益変化の要因
- •Operating income increased 8.1% YoY to $2.8B (XBRL), with operating margin at 12.5% (XBRL). Net income rose 14.8% YoY to $1.7B (XBRL), reflecting a net margin of 7.7% (XBRL). Key drivers included the new Refined Products and Crude segment and higher NGL volumes (10-K).
ONEOK INC NEWの事業リスクと対応
Declining drilling activity could reduce volumes and revenues due to reliance on third-party production (10-K).
Unfavorable economic conditions may harm demand, increase price competition, and disrupt financing (10-K).
Commodity price volatility risks earnings and cash flows by affecting production and revenue from commodity sales (10-K).
Inflation and rising interest rates increase costs and financing challenges (10-K).
Regulatory, geopolitical, and environmental risks (e.g., OPEC actions, wars) impact supply-demand dynamics (10-K).
ONEOK INC NEWの今後の見通し・業績予想
ONEOK INC NEWの事業内容
ONEOK Inc is a midstream energy infrastructure company providing gathering, processing, fractionation, transportation, storage, and marine export services (10-K). It generates revenue through fees for transporting and processing natural gas, NGLs, refined products, and crude oil via its 60,000-mile pipeline network (10-K). Key segments include Natural Gas Liquids (NGLs), Refined Products and Crude, and midstream services (10-K). Competitive advantages include scale from acquisitions (EnLink and Medallion) and an integrated value chain (10-K).
ONEOK INC NEWのAI業績分析レポート（2024年度）
ONEOK Inc (OKE) Annual Report Analysis FY2024
Highlights
Business Overview
ONEOK Inc is a midstream energy infrastructure company providing gathering, processing, fractionation, transportation, storage, and marine export services (10-K). It generates revenue through fees for transporting and processing natural gas, NGLs, refined products, and crude oil via its 60,000-mile pipeline network (10-K). Key segments include Natural Gas Liquids (NGLs), Refined Products and Crude, and midstream services (10-K). Competitive advantages include scale from acquisitions (EnLink and Medallion) and an integrated value chain (10-K).
Revenue Analysis
Total revenue reached $22.4B (XBRL), up 35.4% YoY. Growth was driven by a full year of earnings from the new Refined Products and Crude segment, higher NGL and natural gas processing volumes in the Rocky Mountain region, and the interstate pipeline divestiture (10-K). Segment-specific revenue figures are not available in the XBRL data or 10-K text (N/A).
Profitability Analysis
Operating income increased 8.1% YoY to $2.8B (XBRL), with operating margin at 12.5% (XBRL). Net income rose 14.8% YoY to $1.7B (XBRL), reflecting a net margin of 7.7% (XBRL). Key drivers included the new Refined Products and Crude segment and higher NGL volumes (10-K).
Balance Sheet Analysis
Total assets grew to $24.4B (XBRL), with long-term debt at $21.2B (XBRL) and net debt of $20.8B (6.1x EBITDA) (XBRL). Equity ratio was 67.6% (XBRL), and cash reserves stood at $338M (XBRL). Current ratio was 0.90x (XBRL), indicating potential liquidity constraints.
Cash Flow Analysis
Operating cash flow was $2.9B (XBRL), with free cash flow (FCF) of $1.7B (XBRL) after $1.2B in CapEx (XBRL). Dividends paid totaled $1.7B (XBRL), while no share repurchases occurred (XBRL). Major investing activities included the EnLink ($3.3B) and Medallion ($2.6B) acquisitions (10-K).
Working Capital Analysis
N/A
Risks
Outlook
Management expects continued growth in the Permian Basin, Mid-Continent, and North Texas regions through acquisitions and expansion of midstream services (10-K). Divestitures, such as the interstate pipeline sale, are expected to focus on core assets (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 12.6B | 10.2B | 8.5B | 16.5B | 22.4B | 17.7B |
| Operating Income | 1.8B | 1.9B | 1.4B | 2.6B | 2.8B | 4.1B |
| Net Income | 1.2B | 1.3B | 613M | 1.5B | 1.7B | 2.7B |
| Total Assets | 18.2B | 21.8B | 23.1B | 23.6B | 24.4B | 44.3B |
| Total Equity | 6.2B | 6.6B | 6.2B | 6.0B | 16.5B | 17.0B |
| Operating Cash Flow | 2.2B | 1.9B | 1.9B | 2.5B | 2.9B | 4.4B |
Utilitiesの企業一覧
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