Oneok (OKE) Net Margin (2009 - 2026)
Oneok (OKE) posted Net Margin of 8.03% for Q2 2026, down 0.53% on a QoQ basis from 8.07% in Q1 2026, and down 279.0% year-over-year from 4.48% in Q2 2025.
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Oneok (OKE) Net Margin (2009 - 2026) Analysis & Trends
Oneok has reported Net Margin for 18 years, with the latest figure at 8.03% in Q2 2026.
- On a quarterly basis, Net Margin fell 279.0% year-over-year to 8.03% in Q2 2026; TTM through Jun 2026 was 9.29%, a 181.0% decrease from a year earlier, with the FY2025 full-year figure at 10.09%, down 389.0% from the prior year.
- Net Margin was 8.03% for Q2 2026 at Oneok, down from 8.07% 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.
- Average Net Margin over 5 years is 11.3%, with a median of 10.81% recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: Net Margin jumped 1602 bps in 2023, then sank 984 bps in 2024.
- Over 5 years, Net Margin stood at 9.64% in 2022, then surged by 36 bps to 13.14% in 2023, then gained by 0 bps to 13.19% in 2024, then declined by 18 bps to 10.78% in 2025, then retreated by 26 bps to 8.03% in 2026.
- The last three Net Margin figures came in at 8.03% (Q2 2026), 8.07% (Q1 2026), and 10.78% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic 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% |