ONEOK, Inc. (OKE) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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OKE EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
OKE Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 21.5% | 20.7% | 10.1% |
| 2024 | 23.3% | 23.2% | 14.0% |
| 2023 | 32.5% | 23.0% | 15.0% |
| 2022 | 13.6% | 13.3% | 7.5% |
| 2021 | 17.5% | 16.5% | 8.7% |
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ONEOK, Inc. (OKE) Earnings Overview
As of May 8, 2026, ONEOK, Inc. (OKE) reported trailing twelve-month net income of $3.53B, reflecting +4.8% year-over-year growth. The company earned $5.59 per diluted share over the past four quarters, with a net profit margin of 10.1%.
Looking at the long-term picture, OKE's 5-year EPS compound annual growth rate (CAGR) stands at +30.7%, indicating exceptional earnings growth. The company achieved its highest annual net income of $3.40B in fiscal 2025, representing a new all-time high.
ONEOK, Inc. maintains positive profitability with a gross margin of 21.5%, operating margin of 20.7%, and net margin of 10.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including WMB ($2.84B net income, 21.9% margin), KMI ($3.31B net income, 18.0% margin), TRGP ($2.13B net income, 10.8% margin), OKE has room to improve margins relative to the peer group. Compare OKE vs WMB →
OKE Earnings vs Peers
Earnings metrics vs comparable public companies
OKE Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.40B | +11.9% | $6.97B | $5.42 | 10.1% | 20.7% |
| 2024 | $3.04B | +14.1% | $5.02B | $5.17 | 14.0% | 23.2% |
| 2023 | $2.66B | +54.4% | $4.07B | $5.48 | 15.0% | 23.0% |
| 2022 | $1.72B | +14.8% | $3.03B | $3.84 | 7.5% | 13.3% |
| 2021 | $1.50B | +144.8% | $2.85B | $3.35 | 8.7% | 16.5% |
| 2020 | $613M | -52.1% | $1.90B | $1.42 | 7.2% | 22.5% |
| 2019 | $1.28B | +11.0% | $1.87B | $3.08 | 12.6% | 18.5% |
| 2018 | $1.15B | +197.0% | $1.86B | $2.78 | 9.1% | 14.8% |
| 2017 | $388M | +10.2% | $1.51B | $1.29 | 3.2% | 12.3% |
| 2016 | $352M | +43.7% | $1.25B | $1.66 | 4.0% | 14.1% |
Full OKE Stock Analysis
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Start ComparisonOKE — Frequently Asked Questions
Quick answers to the most common questions about buying OKE stock.
Is OKE growing earnings?
OKE EPS of $5.59 reflects slowing growth at +4.8%, below the 5-year CAGR of +30.7%. TTM net income is $3.5B. Expansion rate has moderated.
What are OKE's profit margins?
ONEOK, Inc. net margin is +10.1%, with operating margin at +20.7%. Margins sit within typical range for the sector.
How consistent are OKE's earnings?
OKE earnings data spans 1994-2025. The current earnings trend is +4.8% YoY. Historical data enables comparison across business cycles.