Oneok (OKE) EBIT Margin (2009 - 2026)
Oneok (OKE) recorded quarterly EBIT Margin of 14.85% in Q1 2026, down 12.15% quarter-over-quarter from 16.9% in Q4 2025, and down 32.0% on a YoY basis from 21.83% in Q1 2025.
Oneok (OKE) EBIT Margin (2009 - 2026) Analysis & Trends
Oneok's EBIT Margin history runs 18 years deep, the most recent figure standing at 14.85% for Q1 2026.
- In Q1 2026, EBIT Margin fell 32.0% year-over-year to 14.85%; the TTM figure through Mar 2026 stood at 16.9% (down 371.0% YoY), while the FY2025 annual figure was 17.07%, down 592.0% from the prior year.
- EBIT Margin was 14.85% for Q1 2026 at Oneok, down from 16.9% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 33.11% in Q1 2023 to a low of 11.49% in Q2 2022.
- Historically, EBIT Margin has averaged 18.67% across 5 years, with a median of 18.04% in 2025.
- The sharpest annual moves came in 2023 and 2024: EBIT Margin surged 2095 bps in 2023, then tumbled 1086 bps in 2024.
- A 5-year view of EBIT Margin shows it stood at 15.02% in 2022, then soared by 40 bps to 20.99% in 2023, then gained by 7 bps to 22.4% in 2024, then declined by 25 bps to 16.9% in 2025, then declined by 12 bps to 14.85% in 2026.
- The last three EBIT Margin figures came in at 14.85% (Q1 2026), 16.9% (Q4 2025), and 18.04% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 13.17% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 10.74% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 39.96% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.68% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 14.85% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 68.07% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | -59.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.85% |
| Dec 31, 2025 | 16.90% |
| Sep 30, 2025 | 18.04% |
| Jun 30, 2025 | 18.14% |
| Mar 31, 2025 | 15.17% |
| Dec 31, 2024 | 22.40% |
| Sep 30, 2024 | 22.46% |
| Jun 30, 2024 | 25.11% |
| Mar 31, 2024 | 22.25% |
| Dec 31, 2023 | 20.99% |
| Sep 30, 2023 | 17.64% |
| Jun 30, 2023 | 19.75% |
| Mar 31, 2023 | 33.11% |
| Dec 31, 2022 | 15.02% |
| Sep 30, 2022 | 11.84% |
| Jun 30, 2022 | 11.49% |
| Mar 31, 2022 | 12.16% |
| Dec 31, 2021 | 12.03% |
| Sep 30, 2021 | 14.72% |
| Jun 30, 2021 | 18.04% |