Is it safe?
Can OKE take a bad year?
Oneok carries $32.9B of net debt at 4.30× EBITDA: a heavy load to carry through a bad year.
$32.9B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.30×
Net debt / EBITDA · 4.82× a year ago · the load is coming down
- Altman Z-score
- 1.55
Altman Z-score · distress zone, below 1.8
- Interest cover
- 3.44×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $33.0B
- Cash and short-term investments
- $161M
- Net debt
- $32.9B
- EBITDA, trailing twelve months
- $7.64B
- Operating profit, trailing twelve months
- $6.11B
- Debt / equity
- 1.44×
- Total debt / EBITDA
- 4.32×
- Annualised volatilitytwo years of daily moves
- 29%
- Worst drawdown on file
- −80%
- Below its 52-week high
- −2.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Midstream
Ranks #9 of 27 by Smart Score