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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenues $ 21,698 $ 17,677 $ 22,387
Cost of sales and fuel (exclusive of items shown separately below) 13,311 11,929 17,910
Operations and maintenance 2,162 1,319 958
Depreciation and amortization 1,134 769 626
General taxes 334 216 191
Transaction costs (Note B) 73 158 0
Other operating income, net (Notes B and C) (305) (786) (105)
Operating income 4,989 4,072 2,807
Equity in net earnings from investments 439 202 148
Other income (expense), net 53 89 (29)
Interest expense (net of capitalized interest of $62, $43 and $57, respectively) (1,371) (866) (676)
Income before income taxes 4,110 3,497 2,250
Income taxes (Note N) (998) (838) (528)
Net income 3,112 2,659 1,722
Less: Net income attributable to noncontrolling interests (77) 0 0
Net income attributable to ONEOK 3,035 2,659 1,722
Less: Preferred stock dividends 1 1 1
Net income available to common shareholders $ 3,034 $ 2,658 $ 1,721
Basic EPS (in dollars per share) $ 5.19 $ 5.49 $ 3.85
Diluted EPS (in dollars per share) $ 5.17 $ 5.48 $ 3.84
Average shares (millions)      
Basic (in shares) 584.6 484.3 447.5
Diluted (in shares) 586.5 485.4 448.4
Commodity sales      
Revenues      
Revenues $ 17,780 $ 15,614 $ 20,976
Services and other      
Revenues      
Revenues $ 3,918 $ 2,063 $ 1,411