Skip to content

Oneok OKE Q3 2025 earnings

Reported October 28, 2025 · After market close

Revenue estimate$8.8B
EPS estimate$1.44

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$8.6B+71.9%
Gross profit$2.7B+33.9%
Operating income$1.6B+38.1%
Net income$939.0M+35.5%
EPS (diluted)$1.49+26.3%

Balance sheet

See full
Cash & equivalents$1.2B+107%
Total debt$33.7B+19.9%
Total equity$22.1B+30.8%
Total assets$66.6B+30.5%

Cash flow

See full
Operating cash flow$1.6B+29.8%
CapEx$804.0M+71.8%
Free cash flow$820.0M+4.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$45.95B-13.7%
Enterprise value$78.48B-2.9%
P/E13.8×-5.3×
P/S1.5×-1.2×

Profitability

See full
Gross margin32%-7.2pp
Operating margin18.3%-4.4pp
Net margin10.6%-3.5pp
FCF margin9.3%-4.4pp

Returns & leverage

See full
Return on equity17.1%+0.3pp
Debt / equity1.5×-0.1×
Current ratio0.9×+0.1×

Segments

By product

See full
Liquids commodity sales$7.8B+71.9%
Transportation and storage revenue$780.0M+4.4%
Residue natural gas sales$764.0M+249%
Exchange services and natural gas gathering and processing revenue$409.0M
Other revenue$40.0M+8.1%

By segment

See full
Natural Gas Liquids$3.9B+5.9%
Refined Products and Crude Oil$3.6B+277%
Natural Gas Gathering and Processing$1.8B+103%

Versus estimates

Ask the moment Oneok reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Oneok report Q3 2025 earnings?
Oneok (OKE) reported Q3 2025 earnings on October 28, 2025 after market close.
What were Oneok's Q3 2025 revenue and EPS?
Oneok reported revenue of $8.6B and diluted EPS of $1.49 for Q3 2025.
Did Oneok beat estimates in Q3 2025?
Revenue missed the consensus estimate of $8.8B by $147.6M. EPS beat the consensus estimate of $1.44 by $0.05.
How did Oneok's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 71.9% from $5.0B a year earlier and diluted EPS grew 26.3% from $1.18.
Where can I find Oneok's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001039684-25-000123) directly on SEC EDGAR. The filing index links above go to sec.gov.