Oneok (OKE) Return on Equity [ROE] (2009 - 2026)
Oneok (OKE) recorded Return on Equity [ROE] of 16.10% in Q2 2026, up 1.39 percentage points from 14.71% a year earlier and up 0.34 percentage points from the prior quarter.
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Analysis
Oneok (OKE) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Oneok reported Return on Equity [ROE] of 15.49%, down 0.63 percentage points from FY2024.
- Annual Return on Equity [ROE] has declined for three straight years, though with a five-year change of +5.50 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 16.12% in FY2024 (-7.03 pp), 23.14% in FY2023 (-4.39 pp), 27.53% in FY2022 (+2.65 pp) and 24.88% in FY2021 (+14.89 pp).
- The Q2 2026 figure is the highest quarterly Return on Equity [ROE] since Q3 2024.
- On a year-over-year basis, Return on Equity [ROE] rose in three of the last eight quarters, with an average year-over-year change of -0.38 percentage points.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 15.25 percentage points in Q4 2021, against a drop of 21.27 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.76% (Q1 2026), 15.48% (Q4 2025) and 15.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.76 Bn | 100.36 Bn | 4.84 Bn | 9.47% |
| 2 | Williams Companies | 86.56 Bn | 85.28 Bn | 2.54 Bn | 24.72% |
| 3 | Enterprise Products Partners | 79.03 Bn | 77.41 Bn | - | 20.74% |
| 4 | Kinder Morgan | 75.05 Bn | 74.75 Bn | 3.07 Bn | 10.91% |
| 5 | Energy Transfer | 69.29 Bn | 62.47 Bn | 7.40 Bn | 14.04% |
| 6 | Tc Energy | 64.46 Bn | 60.54 Bn | 2.81 Bn | 12.64% |
| 7 | Targa Resources | 62.13 Bn | 61.61 Bn | 2.14 Bn | 65.25% |
| 8 | Cheniere Energy | 59.95 Bn | 54.78 Bn | 5.29 Bn | 44.23% |
| 9 | Oneok | 59.21 Bn | 57.60 Bn | 2.81 Bn | 16.10% |
| 10 | Mplx | 59.10 Bn | 52.66 Bn | 2.91 Bn | 33.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.10% |
| Mar 31, 2026 | 15.76% |
| Dec 31, 2025 | 15.48% |
| Sep 30, 2025 | 15.81% |
| Jun 30, 2025 | 14.71% |
| Mar 31, 2025 | 14.30% |
| Dec 31, 2024 | 15.95% |
| Sep 30, 2024 | 16.67% |
| Jun 30, 2024 | 15.45% |
| Mar 31, 2024 | 13.66% |
| Dec 31, 2023 | 16.22% |
| Sep 30, 2023 | 20.89% |
| Jun 30, 2023 | 33.92% |
| Mar 31, 2023 | 34.93% |
| Dec 31, 2022 | 26.89% |
| Sep 30, 2022 | 26.02% |
| Jun 30, 2022 | 26.04% |
| Mar 31, 2022 | 25.06% |
| Dec 31, 2021 | 25.30% |
| Sep 30, 2021 | 24.31% |
API Access
Oneok Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();