• ONEOK average return on tangible equity for 2023 was 37.16, a 23.01% decline from 2022.
• ONEOK average return on tangible equity for 2022 was 30.21, a 17.18% increase from 2021.
• ONEOK average return on tangible equity for 2021 was 25.78, a 101.88% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.