Oneok (OKE) Net Margin (2009 - 2026)
Oneok (OKE) posted quarterly Net Margin of 8.07% for Q1 2026, up 16.0% year-over-year from 6.96% in Q1 2025, and down 25.14% quarter-over-quarter from 10.78% in Q4 2025.
Oneok (OKE) Net Margin (2009 - 2026) Analysis & Trends
Oneok's Net Margin history runs 18 years deep, the most recent figure standing at 8.07% for Q1 2026.
- In Q1 2026, Net Margin rose 16.0% year-over-year to 8.07%; the TTM figure through Mar 2026 stood at 10.07% (down 207.0% YoY), while the FY2025 annual figure was 10.09%, down 389.0% from the prior year.
- Net Margin for Q1 2026 stood at 8.07%, down from 10.78% in the prior quarter.
- The five-year high for Net Margin was 23.2% in Q1 2023, with the low at 6.9% in Q2 2022.
- The 5-year median for Net Margin is 10.82% (2025), against an average of 11.5%.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 1602 bps in 2023, then sank 984 bps in 2024.
- Oneok's Net Margin stood at 9.64% in 2022, then soared by 36 bps to 13.14% in 2023, then increased by 0 bps to 13.19% in 2024, then slipped by 18 bps to 10.78% in 2025, then decreased by 25 bps to 8.07% in 2026.
- Business Quant data shows OKE's Net Margin at 8.07% in Q1 2026, 10.78% in Q4 2025, and 10.88% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 63.54% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 29.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.03% |
| Mar 31, 2026 | 8.07% |
| Dec 31, 2025 | 10.78% |
| Sep 30, 2025 | 10.88% |
| Jun 30, 2025 | 10.82% |
| Mar 31, 2025 | 7.91% |
| Dec 31, 2024 | 13.19% |
| Sep 30, 2024 | 13.78% |
| Jun 30, 2024 | 15.94% |
| Mar 31, 2024 | 13.37% |
| Dec 31, 2023 | 13.14% |
| Sep 30, 2023 | 10.81% |
| Jun 30, 2023 | 12.54% |
| Mar 31, 2023 | 23.20% |
| Dec 31, 2022 | 9.64% |
| Sep 30, 2022 | 7.29% |
| Jun 30, 2022 | 6.90% |
| Mar 31, 2022 | 7.18% |
| Dec 31, 2021 | 7.00% |
| Sep 30, 2021 | 8.64% |