Oneok (OKE) Net Margin (2009 - 2026)
Oneok (OKE) posted Net Margin of 8.07% for Q1 2026, down 25.14% on a QoQ basis from 10.78% in Q4 2025, and up 16.0% year-on-year from 6.96% in Q1 2025.
Oneok (OKE) Net Margin (2009 - 2026) Analysis & Trends
Oneok has disclosed Net Margin across 18 years of filings, most recently posting 8.07% for Q1 2026.
- Net Margin for Q1 2026 came in at 8.07%, up 16.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.07% (down 207.0% YoY), and the FY2025 annual result was 10.09%, down 389.0% from the prior year.
- Net Margin came in at 8.07% for Q1 2026 at Oneok, down from 10.78% in the prior quarter.
- Over the last five years, Net Margin for OKE reached as high as 23.2% in Q1 2023 and fell as low as 6.9% in Q2 2022.
- Median Net Margin over the past 5 years was 10.82% (2025), compared with a mean of 11.5%.
- Year-over-year, Net Margin jumped 1602 bps in 2023 and sank 984 bps in 2024.
- Over 5 years, 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 7.47% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 20.73% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.39% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 4.30% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 11.71% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.35% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 8.07% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.61% |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | -0.83% |
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% |