Oneok (OKE) Net Margin (2009 - 2026)
Oneok (OKE) recorded quarterly Net Margin of 8.07% in Q1 2026, down 25.14% quarter-over-quarter from 10.78% in Q4 2025, and up 16.0% on a YoY basis from 6.96% in Q1 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 was 8.07% for Q1 2026 at Oneok, down from 10.78% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 23.2% in Q1 2023 to a low of 6.9% in Q2 2022.
- Historically, Net Margin has averaged 11.5% across 5 years, with a median of 10.82% in 2025.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 1602 bps in 2023, then slumped 984 bps in 2024.
- A 5-year view of Net Margin shows it 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.
- The last three Net Margin figures came in at 8.07% (Q1 2026), 10.78% (Q4 2025), and 10.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 7.47% |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 10.39% |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 20.73% |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 4.30% |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | - |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 30.35% |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 11.71% |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 8.07% |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 23.51% |
| 10 | Cheniere Energy | 49.81 Bn | 52.01 Bn | 5.86 Bn | -58.15% |
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% |