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Oneok OKE Q1 2025 earnings

Reported April 29, 2025 · After market close

Revenue estimate$6.6B
EPS estimate$1.24

Next report

Aug 3, 2026 (In 3 weeks)
Revenue estimate$8.6B
EPS estimate$1.48

Financials

Q1 2025

Income statement

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Revenue$8.0B+68.2%
Gross profit$2.4B+26.8%
Operating income$1.2B+14.7%
Net income$636.0M-0.5%
EPS (diluted)$1.04-4.6%

Balance sheet

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Cash & equivalents$141.0M+117%
Total debt$30.0B+44.4%
Total equity$21.4B+29.9%
Total assets$64.3B+44.8%

Cash flow

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Operating cash flow$904.0M+51.7%
CapEx$629.0M+22.9%
Free cash flow$275.0M+227%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$61.95B+32.3%
Enterprise value$91.79B+35.9%
P/E20.4×-0.4×
P/S2.5×-0.1×

Profitability

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Gross margin35.6%-0.4pp
Operating margin20.6%+0.3pp
Net margin12.1%-0.4pp
FCF margin12.3%+1.2pp

Returns & leverage

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Return on equity16%-3.0pp
Debt / equity1.4×+0.1×
Current ratio0.7×0.0×

Segments

By product

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Liquids commodity sales$7.2B+70.8%
Residue natural gas sales$1.0B+174%
Transportation and storage revenue$814.0M+21.3%
Exchange services and natural gas gathering and processing revenue$287.0M
Other revenue$38.0M+2.7%

By segment

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Natural Gas Liquids$4.3B+24.2%
Refined Products and Crude Oil$2.5B+192%
Natural Gas Gathering and Processing$2.2B+118%

Versus estimates

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Questions, answered.

When did Oneok report Q1 2025 earnings?
Oneok (OKE) reported Q1 2025 earnings on April 29, 2025 after market close.
What were Oneok's Q1 2025 revenue and EPS?
Oneok reported revenue of $8.0B and diluted EPS of $1.04 for Q1 2025.
Did Oneok beat estimates in Q1 2025?
Revenue beat the consensus estimate of $6.6B by $1.5B. EPS missed the consensus estimate of $1.24 by $0.20.
How did Oneok's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 68.2% from $4.8B a year earlier and diluted EPS declined 4.6% from $1.09.
Where can I find Oneok's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001039684-25-000061) directly on SEC EDGAR. The filing index links above go to sec.gov.