Filing Flows › ONEOK (OKE) › Operating margin
ONEOK (OKE) operating margin by quarter
ONEOK's operating margin was 12.6% in Q3 2026 (third quarter 2026), -0.6 pts from Q2 2026. Over the last 7 quarters it ranged from 12.6% (Q3 2026) to 18.1% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 12.6% | -0.6 pts | -5.5 pts |
| Q2 2026 | 13.2% | -1.6 pts | -4.9 pts |
| Q1 2026 | 14.8% | -2.1 pts | -0.3 pts |
| Q4 2025 | 16.9% | -1.1 pts | — |
| Q3 2025 | 18.0% | -0.1 pts | — |
| Q2 2025 | 18.1% | +3.0 pts | — |
| Q1 2025 | 15.2% | — | — |
Q3 2026 at a glance
ONEOK, Q3 2026: revenue $12.5B (+44% year over year), operating margin 12.6%, net earnings $1.4B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
What is ONEOK's operating margin?
ONEOK's operating margin was 12.6% in Q3 2026 (third quarter 2026), -0.6 pts from Q2 2026.
How has ONEOK's operating margin changed?
Over the last 7 quarters it ranged from 12.6% (Q3 2026) to 18.1% (Q2 2025).