ONEOK INC NEW
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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Mar 31, 2025 · Filed Apr 30, 2025
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I. Unconsolidated Affiliates
Equity in Net Earnings from Investments -The following table sets forth our equity in net earnings from investments for the periods indicated:
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| (Millions of dollars) | ||
| Northern Border | $28 | $25 |
| Overland Pass | 26 | 15 |
| BridgeTex | 16 | 7 |
| Saddlehorn | 13 | 10 |
| Roadrunner | 10 | 11 |
| Other | 15 | 8 |
| Equity in net earnings from investments | $108 | $76 |
We incurred expenses in transactions with unconsolidated affiliates of $80 million and $39 million for the three months ended March 31, 2025 and 2024, respectively, related primarily to Overland Pass, Matterhorn and Northern Border. Revenue earned and accounts receivable from, and accounts payable to, our unconsolidated affiliates were not material.
We are the operator of Roadrunner, BridgeTex and Saddlehorn. In each case, we have operating agreements that provide for reimbursement or payment to us for management services and certain operating costs. Reimbursements and payments included in operating income in our Consolidated Statements of Income for all periods presented were not material.
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