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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total revenues (Note K) $ 8,634 $ 5,023 $ 24,564 $ 14,698
Cost of sales and fuel (exclusive of items shown separately below) 5,962 3,027 16,977 8,815
Operations and maintenance 639 512 1,912 1,481
Depreciation and amortization 378 274 1,126 790
General taxes 99 70 284 239
Transaction costs (Note B) 10 10 74 17
Other operating expense (income), net (12) 2 (18) (65)
Operating income 1,558 1,128 4,209 3,421
Equity in net earnings from investments (Note I) 92 92 281 256
Other income, net 37 17 78 28
Interest expense (450) (325) (1,330) (923)
Income before income taxes 1,237 912 3,238 2,782
Income taxes (297) (219) (754) (670)
Net income 940 693 2,484 2,112
Less: Net income attributable to noncontrolling interests 1 0 68 0
Net income attributable to ONEOK 939 693 2,416 2,112
Less: Preferred stock dividends 0 1 0 1
Net income available to common shareholders - basic 939 692 2,416 2,111
Net income available to common shareholders - diluted $ 939 $ 692 $ 2,416 $ 2,111
Basic EPS (Note H) (in dollars per share) $ 1.49 $ 1.18 $ 3.88 $ 3.61
Diluted EPS (Note H) (in dollars per share) $ 1.49 $ 1.18 $ 3.87 $ 3.60
Average shares (millions)        
Basic (in shares) 630.6 584.8 623.1 584.5
Diluted (in shares) 631.5 586.7 624.1 586.1
Commodity sales        
Revenues        
Total revenues (Note K) $ 7,416 $ 4,083 $ 21,054 $ 12,005
Services and other        
Revenues        
Total revenues (Note K) $ 1,218 $ 940 $ 3,510 $ 2,693