When did Oneok report Q4 2025 earnings?

Oneok (OKE) reported Q4 2025 earnings on February 23, 2026 after market close.

What were Oneok's Q4 2025 revenue and EPS?

Oneok reported revenue of $9.1B and diluted EPS of $1.55 for Q4 2025.

Did Oneok beat estimates in Q4 2025?

Revenue beat the consensus estimate of $8.7B by $318.4M. EPS beat the consensus estimate of $1.50 by $0.05.

How did Oneok's Q4 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 29.5% from $7.0B a year earlier and diluted EPS declined 1.3% from $1.57.

Where can I find Oneok's Q4 2025 SEC filings?

You can read the 8-K earnings release (0001039684-26-000004) and the 10-K periodic report (0001039684-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.

Oneok OKE Q4 2025 Annual earnings

Reported February 23, 2026 · After market close

Revenue$9.1BBeat by $318.4M Diluted EPS$1.55Beat by $0.05

Revenue estimate$8.7B

EPS estimate$1.50

Next report

Aug 3, 2026 (In 3 weeks)

Revenue estimate$8.6B

EPS estimate$1.48

Financials

Q4 2025

Income statement

See full

Revenue$9.1B+29.5%

Gross profit$2.7B+6.6%

Operating income$1.5B-2.3%

Net income$977.0M+5.9%

EPS (diluted)$1.55-1.3%

Balance sheet

See full

Cash & equivalents$78.0M-89.4%

Total debt$31.8B+1.9%

Total equity$22.5B+32.0%

Total assets$66.6B+4.0%

Cash flow

See full

Operating cash flow$1.5B-4.0%

CapEx$970.0M+72.6%

Free cash flow$576.0M-45.1%

Valuation & ratios

Valuation

as of 12/31/25

See full

Market cap$46.25B-21.0%

Enterprise value$77.98B-12.4%

P/E13.6×-5.7×

P/S1.4×-1.3×

Profitability

See full

Gross margin30.5%-8.2pp

Operating margin17.1%-5.9pp

Net margin10.1%-3.9pp

FCF margin7.3%-5.9pp

Returns & leverage

See full

Return on equity17.2%-0.9pp

Debt / equity1.4×-0.4×

Current ratio0.7×-0.2×

Segments

By product

See full

Liquids commodity sales$8.2B+26.6%

Transportation and storage revenue$900.0M-2.3%

Residue natural gas sales$885.0M+52.6%

Exchange services and natural gas gathering and processing revenue$314.0M+65.3%

Other revenue$46.0M-9.8%

By segment

See full

Refined Products and Crude Oil$4.0B+146%

Natural Gas Liquids$4.0B-12.1%

Natural Gas Gathering and Processing$1.8B-1.6%

Natural Gas Pipelines$527.0M+73.9%

Versus estimates

Revenue

Q1 2026$9.6BBeat by $1.4B

Q4 2025$9.1BBeat by $318.4M

Q3 2025$8.6BMiss by $147.6M Q2 2025$7.9BBeat by $199.0M Q1 2025$8.0BBeat by $1.5B Q4 2024$7.0BBeat by $815.0M

Diluted EPS

Q1 2026$1.23Miss by $0.07

Q4 2025$1.55Beat by $0.05

Q3 2025$1.49Beat by $0.05 Q2 2025$1.34Beat by $0.01 Q1 2025$1.04Miss by $0.20 Q4 2024$1.57Beat by $0.11

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Questions, answered.

When did Oneok report Q4 2025 earnings?: Oneok (OKE) reported Q4 2025 earnings on February 23, 2026 after market close.
What were Oneok's Q4 2025 revenue and EPS?: Oneok reported revenue of $9.1B and diluted EPS of $1.55 for Q4 2025.
Did Oneok beat estimates in Q4 2025?: Revenue beat the consensus estimate of $8.7B by $318.4M. EPS beat the consensus estimate of $1.50 by $0.05.
How did Oneok's Q4 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 29.5% from $7.0B a year earlier and diluted EPS declined 1.3% from $1.57.
Where can I find Oneok's Q4 2025 SEC filings?: You can read the 8-K earnings release (0001039684-26-000004) and the 10-K periodic report (0001039684-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.