Oneok (OKE) FCF Margin (2009 - 2026)
Oneok (OKE) posted FCF Margin of 0.73% for Q1 2026, down 88.55% on a QoQ basis from 6.35% in Q4 2025, and down 269.0% year-on-year from 0.43% in Q1 2025.
Oneok (OKE) FCF Margin (2009 - 2026) Analysis & Trends
Oneok has disclosed FCF Margin across 18 years of filings, most recently posting 0.73% for Q1 2026.
- FCF Margin for Q1 2026 came in at 0.73%, down 269.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.37% (down 588.0% YoY), and the FY2025 annual result was 7.28%, down 594.0% from the prior year.
- FCF Margin came in at 0.73% for Q1 2026 at Oneok, down from 6.35% in the prior quarter.
- Over the last five years, FCF Margin for OKE reached as high as 20.61% in Q1 2023 and fell as low as 0.73% in Q1 2026.
- Median FCF Margin over the past 5 years was 9.84% (2025), compared with a mean of 10.33%.
- Year-over-year, FCF Margin soared 1683 bps in 2023 and plunged 1886 bps in 2024.
- Over 5 years, FCF Margin stood at 14.39% in 2022, then advanced by 20 bps to 17.29% in 2023, then decreased by 13 bps to 14.99% in 2024, then sank by 58 bps to 6.35% in 2025, then plunged by 89 bps to 0.73% in 2026.
- Per Business Quant, the three latest OKE FCF Margin figures stand at 0.73% (Q1 2026), 6.35% (Q4 2025), and 9.5% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -0.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 28.13% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 3.38% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 5.26% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -3.91% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.41% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.73% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 24.42% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -52.58% |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 2.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 11.72% |