OneokOKEEarnings & Financial Report
Oneok, Inc. ONE-oak, stylized as ONEOK, is an American oil and gas midstream operator headquartered in Tulsa, Oklahoma. It provides the oil and gas industry with gathering, processing, fractionation, transportation, and storage services. The company is part of the Fortune 500 and S&P 500. Oneok was founded as Oklahoma Natural Gas Company in 1906, but it changed its corporate name to Oneok in 1980.
OKE Q3 2025 Key Financial Metrics
Revenue
$8.6B
Gross Profit
$2.7B
Operating Profit
$1.6B
Net Profit
$939.0M
Gross Margin
30.9%
Operating Margin
18.0%
Net Margin
10.9%
YoY Growth
71.9%
EPS
$1.49
Financial Flow
Oneok Q3 2025 Financial Summary
Oneok reported revenue of $8.6B for Q3 2025, with a net profit of $939.0M (10.9% margin). Cost of goods sold was $6.0B, operating expenses totaled $1.1B.
Key Financial Metrics
| Total Revenue | $8.6B |
|---|---|
| Net Profit | $939.0M |
| Gross Margin | 30.9% |
| Operating Margin | 18.0% |
| Report Period | Q3 2025 |
Oneok Annual Revenue by Year
Oneok annual revenue history includes year-by-year totals (for example, 2024 revenue was $21.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $21.7B |
| 2023 | $17.7B |
| 2022 | $22.4B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.24B | $4.78B | $4.89B | $5.02B | $7.00B | $8.04B | $7.89B | $8.63B |
| YoY Growth | 4.0% | 5.8% | 31.1% | 19.9% | 33.7% | 68.2% | 61.2% | 71.9% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $44.27B | $44.39B | $44.53B | $51.05B | $64.07B | $64.26B | $64.52B | $66.62B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $16.48B | $16.45B | $16.71B | $16.89B | $17.04B | $21.36B | $21.83B | $22.08B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.51B | $596.0M | $1.43B | $1.25B | $1.61B | $904.0M | $1.52B | $1.62B |
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