Oneok (OKE) Net Margin (2009 - 2026)
Oneok's (OKE) quarterly Net Margin came in at 8.07% in Q1 2026, up 16.0% year-on-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.
- On a quarterly basis, Net Margin rose 16.0% year-over-year to 8.07% in Q1 2026; TTM through Mar 2026 was 10.07%, a 207.0% decrease from a year earlier, with the FY2025 full-year figure at 10.09%, down 389.0% from the prior year.
- Net Margin fell to 8.07% in Q1 2026 per OKE's latest filing, from 10.78% in the prior quarter.
- Across five years, Net Margin topped out at 23.2% in Q1 2023 and bottomed at 6.9% in Q2 2022.
- The 5-year median for Net Margin is 10.82% (2025), against an average of 11.5%.
- Across the five-year window, Net Margin surged 1602 bps in 2023 and slumped 984 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 9.64% in 2022, then jumped by 36 bps to 13.14% in 2023, then rose by 0 bps to 13.19% in 2024, then dropped by 18 bps to 10.78% in 2025, then slipped by 25 bps to 8.07% in 2026.
- Per Business Quant, the three latest OKE Net Margin figures stand at 8.07% (Q1 2026), 10.78% (Q4 2025), and 10.88% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 39.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 10.09% |