Oneok (OKE) EBITDA Margin (2009 - 2026)
Oneok's EBITDA Margin came in at 16.43% for Q2 2026, down 6.38 percentage points from 22.81% a year earlier and down 2.34 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 Jun 30, 2026, Oneok reported EBITDA Margin of 19.41%, down 4.60 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 Q2 2026 figure represents the lowest quarterly EBITDA Margin since Q3 2022.
- Year-over-year, EBITDA Margin has declined for six consecutive quarters, with an average year-over-year change of -3.38 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 Q3 2021 (a drop of 14.23 percentage points).
- Business Quant data shows OKE's EBITDA Margin at 18.78% (Q1 2026), 21.18% (Q4 2025) and 22.42% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.61 Bn | 102.16 Bn | 4.84 Bn | 14.80% |
| 2 | Williams Companies | 86.01 Bn | 84.73 Bn | 2.54 Bn | 58.11% |
| 3 | Enterprise Products Partners | 79.84 Bn | 78.27 Bn | - | 15.75% |
| 4 | Kinder Morgan | 74.73 Bn | 75.68 Bn | 3.07 Bn | 43.91% |
| 5 | Energy Transfer | 69.14 Bn | 62.58 Bn | 7.40 Bn | 15.00% |
| 6 | Tc Energy | 64.29 Bn | 67.21 Bn | 2.81 Bn | 153.90% |
| 7 | Targa Resources | 62.77 Bn | 62.39 Bn | 2.14 Bn | 38.12% |
| 8 | Mplx | 59.18 Bn | 52.74 Bn | 2.91 Bn | 52.87% |
| 9 | Oneok | 58.53 Bn | 57.02 Bn | 2.81 Bn | 16.43% |
| 10 | Cheniere Energy | 58.51 Bn | 58.64 Bn | 5.29 Bn | 81.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 18.13% |
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();