Oneok (OKE) EBITDA Margin (2009 - 2026)
Oneok's EBITDA Margin came in at 15.76% for Q3 2026, down 6.66 percentage points from 22.42% a year earlier and down 0.67 percentage points from the prior quarter.
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Analysis
Oneok (OKE) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Oneok reported EBITDA Margin of 17.76%, down 5.20 percentage points year-over-year; for FY2025, it came in at 21.57%, down 6.65 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -1.14 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 28.22% in FY2024 (+0.83 pp), 27.39% in FY2023 (+12.05 pp), 15.33% in FY2022 (-4.12 pp) and 19.46% in FY2021 (-3.26 pp).
- The Q3 2026 figure represents the lowest quarterly EBITDA Margin since Q3 2022.
- Year-over-year, EBITDA Margin has declined for seven consecutive quarters, with an average year-over-year change of -4.97 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q1 2023 (a gain of 21.71 percentage points), and the weakest in Q4 2021 (a drop of 12.04 percentage points).
- Business Quant data shows OKE's EBITDA Margin at 16.43% (Q2 2026), 18.78% (Q1 2026) and 21.18% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.53 Bn | 99.13 Bn | 4.84 Bn | 14.80% |
| 2 | Williams Companies | 82.50 Bn | 79.53 Bn | 2.59 Bn | 54.48% |
| 3 | Enterprise Products Partners | 79.39 Bn | 77.75 Bn | - | 14.64% |
| 4 | Kinder Morgan | 68.14 Bn | 66.99 Bn | 2.97 Bn | 39.46% |
| 5 | Energy Transfer | 65.55 Bn | 61.38 Bn | 6.57 Bn | 11.80% |
| 6 | Tc Energy | 65.45 Bn | 62.21 Bn | - | - |
| 7 | Cheniere Energy | 59.68 Bn | 53.83 Bn | 2.97 Bn | 37.39% |
| 8 | Targa Resources | 58.63 Bn | 58.09 Bn | 2.02 Bn | 27.89% |
| 9 | Mplx | 57.55 Bn | 51.58 Bn | 3.19 Bn | 51.65% |
| 10 | Oneok | 54.31 Bn | 53.71 Bn | 2.84 Bn | 15.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.76% |
| Jun 30, 2026 | 16.43% |
| Mar 31, 2026 | 18.78% |
| Dec 31, 2025 | 21.18% |
| Sep 30, 2025 | 22.42% |
| Jun 30, 2025 | 22.81% |
| Mar 31, 2025 | 19.89% |
| Dec 31, 2024 | 27.31% |
| Sep 30, 2024 | 27.91% |
| Jun 30, 2024 | 30.47% |
| Mar 31, 2024 | 27.57% |
| Dec 31, 2023 | 25.96% |
| Sep 30, 2023 | 21.87% |
| Jun 30, 2023 | 24.30% |
| Mar 31, 2023 | 36.70% |
| Dec 31, 2022 | 18.14% |
| Sep 30, 2022 | 14.49% |
| Jun 30, 2022 | 14.13% |
| Mar 31, 2022 | 14.99% |
| Dec 31, 2021 | 14.86% |
API Access
Oneok EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "OKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();