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Saturday 17 October 2026 Export OKE’s income statement to Excel — free account

ONEOK, Inc.

OKE Energy Oil & Gas Midstream

ONEOK, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.6 billion, up 55.0% from fiscal 2024. In the quarter to June 2026, revenue grew 52.8%, EPS grew 14.2%, free cash flow grew 85.6% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

93.39 2.74 +3.02%
Market cap
$57.2B
P/E
16.1×
Fwd P/E
15.5×
Dividend yield
4.54%
F-score
5/9
Altman Z
1.43
Beneish M
−2.14
Dividend safety
34/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

ONEOK, Inc. (OKE) Gross margin

Alert me on Gross margin

ONEOK, Inc.'s gross margin over the twelve months to 30 June 2026 was 27.2%, down 3.3 percentage points from fiscal 2025 (30.5%). Over the past ten years it has ranged from 20.0% (fiscal 2022) to 40.2% (fiscal 2020); the current reading is higher than 64% of that period. That is below the Oil & Gas Midstream industry median of 56.6% and below the Energy sector median of 49.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 30.5% (8.15)
FY2024 38.7% 6.13
FY2023 32.5% 12.52
FY2022 20.0% (5.89)
FY2021 25.9% (14.29)
FY2020 40.2% 6.96
FY2019 33.2% 8.04
FY2018 25.2% 3.53
FY2017 21.7% (5.53)
FY2016 27.2% (0.16)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 23.3% (3.37)
Mar 2026 26.7% (2.77)
Dec 2025 29.4% (1.51)
Sep 2025 31.0% (1.09)
42 more quarters

Against its own ten years

Low 20.0% High 40.2%
Ten-year median 27.3%
Current reading's percentile 43

Gross margin against peers

Company Gross margin
WMB Williams Companies, Inc. (The) compare 82.8%
TRP TC Energy Corporation compare 70.4%
KMI Kinder Morgan, Inc. compare 66.6%
MPLX MPLX LP compare 59.7%
TRGP Targa Resources, Inc. compare 43.2%
LNG Cheniere Energy, Inc. compare 38.5%
OKE ONEOK, Inc. 27.2%
ET Energy Transfer LP compare 23.6%
EPD Enterprise Products Partners L.P. compare 13.3%
Oil & Gas Midstream industry median 56.6%
Energy sector median 49.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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