Oneok (OKE) financials
Oneok revenue and earnings by year
Oneok's revenue was $33.6 billion in the fiscal year to December 31, 2025, up 55.0% from the year before. Net income was $3.39 billion, 10.1% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 15.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 33.6 | 21.7 | 17.7 | 22.4 | 16.5 | 8.5 | 10.2 | 12.6 | 12.2 | 8.9 |
| Revenue growth | 55.0% | 22.7% | -21.0% | 35.4% | 93.6% | -16.0% | -19.3% | 3.4% | 36.5% | — |
| Gross profit | 9.9 | 8.1 | 5.5 | 4.3 | 4.1 | 3.3 | 3.3 | 3.1 | 2.5 | 2.3 |
| Gross margin | 29.4% | 37.1% | 31.3% | 19.1% | 24.9% | 38.7% | 32.0% | 24.4% | 20.8% | 26.2% |
| Operating income | 5.7 | 5.0 | 4.1 | 2.8 | 2.6 | 1.4 | 1.9 | 1.8 | 1.4 | 1.3 |
| Operating margin | 17.1% | 23.0% | 23.0% | 12.5% | 15.7% | 15.9% | 18.8% | 14.5% | 11.1% | 14.4% |
| Net income | 3.4 | 3.0 | 2.7 | 1.7 | 1.5 | 0.6 | 1.3 | 1.2 | 0.4 | 0.4 |
| Net margin | 10.1% | 14.0% | 15.0% | 7.7% | 9.1% | 7.2% | 12.6% | 9.1% | 3.2% | 3.9% |
| Diluted EPS | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.37 | $3.07 | $2.77 | $1.33 | $1.66 |
| Free cash flow | 2.4 | 2.9 | 2.8 | 1.7 | 1.8 | -0.3 | -1.9 | 0.0 | 0.8 | 0.8 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open OKE in Markets.
How Oneok makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Commodity Sales | $11.2B | 89.8% |
| Services | $1.26B | 10.2% |
See also: OKE valuation and P/E history · OKE returns
No forecast, no recommendation. This page describes Oneok from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.