Oneok (OKE) Net Margin (2009 - 2026)
Oneok (OKE) posted Net Margin of 10.84% for Q3 2026, down 0.04 percentage points from 10.88% a year earlier but up 2.82 percentage points from the prior quarter.
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Analysis
Oneok (OKE) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at Oneok was 9.42%, down 1.16 percentage points year-over-year; for FY2025, it was 10.09%, down 3.89 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +2.93 percentage points (FY2020 to FY2025).
- In prior years, Oneok's Net Margin was 13.98% in FY2024 (-1.05 pp), 15.04% in FY2023 (+7.35 pp), 7.69% in FY2022 (-1.38 pp) and 9.06% in FY2021 (+1.90 pp).
- Quarterly Net Margin has run from a low of 6.90% in Q2 2022 to a high of 23.20% in Q1 2023 over five years.
- On a year-over-year basis, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -2.32 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2023, with a gain of 16.02 percentage points; the weakest was Q1 2024, with a drop of 9.84 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 8.02% (Q2 2026), 8.05% (Q1 2026) and 10.78% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 4.76% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | 9.05% |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | 30.65% |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 16.86% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 3.07% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | - |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 18.95% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 11.76% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 32.29% |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 10.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.84% |
| Jun 30, 2026 | 8.02% |
| Mar 31, 2026 | 8.05% |
| Dec 31, 2025 | 10.78% |
| Sep 30, 2025 | 10.88% |
| Jun 30, 2025 | 10.66% |
| 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% |
API Access
Oneok Net 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=net-margin&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();