Oneok (OKE) Net Margin (2009 - 2026)
Oneok (OKE) posted Net Margin of 8.02% for Q2 2026, down 2.65 percentage points from 10.66% a year earlier and down 0.03 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 Jun 30, 2026, Net Margin at Oneok was 9.29%, down 1.77 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).
- The Q2 2026 figure stands as the lowest quarterly Net Margin since Q1 2025.
- On a year-over-year basis, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -1.94 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 8.05% (Q1 2026), 10.78% (Q4 2025) and 10.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.92 Bn | 98.52 Bn | 4.84 Bn | 4.76% |
| 2 | Williams Companies | 86.17 Bn | 84.88 Bn | 2.54 Bn | 37.21% |
| 3 | Enterprise Products Partners | 79.62 Bn | 78.01 Bn | - | 10.07% |
| 4 | Kinder Morgan | 74.35 Bn | 74.05 Bn | 3.07 Bn | 19.37% |
| 5 | Energy Transfer | 69.12 Bn | 62.30 Bn | 7.40 Bn | 5.90% |
| 6 | Tc Energy | 63.18 Bn | 59.26 Bn | 2.81 Bn | 24.94% |
| 7 | Targa Resources | 62.78 Bn | 62.26 Bn | 2.14 Bn | 17.22% |
| 8 | Cheniere Energy | 59.78 Bn | 54.61 Bn | 5.29 Bn | 53.52% |
| 9 | Mplx | 59.04 Bn | 52.60 Bn | 2.91 Bn | 32.82% |
| 10 | Oneok | 58.39 Bn | 56.78 Bn | 2.81 Bn | 8.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 8.64% |
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();