Oneok (OKE) FCF Margin (2009 - 2026)
Oneok (OKE) posted FCF Margin of 11.95% for Q2 2026, up 1542.09% on a QoQ basis from 0.73% in Q1 2026, and up 211.0% year-over-year from 3.84% in Q2 2025.
Analysis
Oneok (OKE) FCF Margin (2009 - 2026) Analysis & Trends
Oneok has reported FCF Margin for 18 years, with the latest figure at 11.95% in Q2 2026.
- On a quarterly basis, FCF Margin rose 211.0% year-over-year to 11.95% in Q2 2026; TTM through Jun 2026 was 7.38%, a 293.0% decrease from a year earlier, with the FY2025 full-year figure at 7.28%, down 594.0% from the prior year.
- FCF Margin was 11.95% for Q2 2026 at Oneok, up from 0.73% in the prior quarter.
- The five-year high for FCF Margin was 20.61% in Q1 2023, with the low at 0.73% in Q1 2026.
- Average FCF Margin over 5 years is 10.42%, with a median of 10.9% recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: FCF Margin soared 1683 bps in 2023, then plunged 1886 bps in 2024.
- Over 5 years, FCF Margin stood at 14.39% in 2022, then climbed by 20 bps to 17.29% in 2023, then slipped by 13 bps to 14.99% in 2024, then slumped by 58 bps to 6.35% in 2025, then jumped by 88 bps to 11.95% in 2026.
- The last three FCF Margin figures came in at 11.95% (Q2 2026), 0.73% (Q1 2026), and 6.35% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.95% |
| Mar 31, 2026 | 0.73% |
| Dec 31, 2025 | 6.35% |
| Sep 30, 2025 | 9.50% |
| Jun 30, 2025 | 9.84% |
| Mar 31, 2025 | 3.42% |
| Dec 31, 2024 | 14.99% |
| Sep 30, 2024 | 15.59% |
| Jun 30, 2024 | 19.43% |
| Mar 31, 2024 | 1.76% |
| Dec 31, 2023 | 17.29% |
| Sep 30, 2023 | 12.46% |
| Jun 30, 2023 | 12.51% |
| Mar 31, 2023 | 20.61% |
| Dec 31, 2022 | 14.39% |
| Sep 30, 2022 | 4.89% |
| Jun 30, 2022 | 8.09% |
| Mar 31, 2022 | 3.78% |
| Dec 31, 2021 | 15.65% |
| Sep 30, 2021 | 5.44% |