Oneok (OKE) Return on Equity [ROE] (2009 - 2026)
Oneok (OKE) recorded Return on Equity [ROE] of 14.79% in Q3 2026, down 1.02 percentage points from 15.81% a year earlier and down 1.30 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 Q3 2026 figure is the lowest quarterly Return on Equity [ROE] since Q2 2025.
- 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 +0.02 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 16.09% (Q2 2026), 15.76% (Q1 2026) and 15.48% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 10.24% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 21.40% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 21.37% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 11.28% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 17.29% |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 15.09% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 64.32% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 39.63% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 30.73% |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | 14.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.79% |
| Jun 30, 2026 | 16.09% |
| 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% |
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();