NYSE$OKE

ONEOK Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

ONEOK reported Q3 2025 total revenues of $8.63B with net income of $940M and diluted EPS of $1.49.

Total revenues were $8.63 billion as gathering, processing, and transportation volumes benefited from midstream system activity. Net income was $940 million; diluted EPS was $1.49. The company emphasizes fee-based cash flows and dividend growth supported by NGL and natural gas throughput.

  • Q3 total revenues $8.63B.
  • Net income $940M; diluted EPS $1.49.
  • Midstream volumes and tariff activity support cash flow.
  • Commodity price and producer activity remain variables.

Headline financials

Total Revenue

$8.63B

Previous: $5.02B+71.9%
EPS (adj)

$1.49

Previous: $1.18+26.3%
NGL Raw Feed Throughput

17

Previous: 1.3K-98.7%
Rocky Mountain Gas Processed

3

No prior period
Capital Expenditures

-$2.18B

Previous: -$1.46B-49.6%
Free Cash Flow

-$1.24B

Previous: -$766M-62.3%
Net Income

$939M

Previous: $693M+35.5%
Operating Income

$1.56B

Previous: $1.13B+38.1%
Gross Profit

$2.67B

Previous: $2B+33.9%
Cash & Equivalents

$1.2B

Previous: $579M+107.1%
Total Assets

$66.6B

Previous: $51.1B+30.5%

Revenue & EPS history

ONEOK · Revenue · Quarterly

$8.63B

Q3 2025+71.9%vs Q3 2024
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Forward guidance

Energy and midstream outlook tied to commodity prices, volumes, and capital discipline.

Tailwinds

  • Throughput and production trends.
  • Fee-based or low-cost assets.

Headwinds

  • Commodity volatility.
  • Regulatory and cost inflation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.5%

Avg return

30 days after

49%

36 / 73 earnings

Positive

+8.4%

Q1 2020

Best reaction

-9.8%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.3%+3.0%-1.2%
Q4 2025-3.8%-5.2%+7.1%
Q3 2025-2.8%-5.4%+5.4%
Q2 2025-0.6%-2.7%-4.1%
Q1 2025-6.5%-8.8%-8.0%
Q4 2024-2.4%+2.3%+0.6%
Q3 2024+0.1%-2.8%+17.3%
Q2 2024+2.7%+6.0%+13.9%
Q1 2024-5.5%-5.1%-1.8%
Q4 2023+1.9%+3.0%+9.1%
Q3 2023-1.6%+1.9%+4.9%
Q2 2023-1.7%+1.5%-2.5%
Q1 2023-3.9%-1.3%-13.0%
Q4 2022-3.1%+0.4%-8.2%
Q3 2022-0.4%+2.4%+13.3%
Q2 2022+4.8%+9.9%+3.1%
Q1 2022+5.4%+2.7%+5.5%
Q4 2021-0.3%+6.9%+12.0%
Q3 2021-0.3%+0.9%-5.4%
Q2 2021+0.7%+2.4%+3.8%
Q1 2021+3.3%+3.7%+4.6%
Q4 2020-0.4%-3.3%+6.4%
Q3 2020-1.4%-1.7%+27.2%
Q2 2020+6.1%-0.4%-3.5%
Q1 2020+8.4%-2.0%+30.7%
Q4 2019-4.5%-13.4%-70.0%
Q3 2019-1.7%-1.3%+0.4%
Q2 2019+4.9%+6.3%+6.0%
Q1 2019-1.5%-2.5%-6.5%
Q4 2018-5.3%-2.9%+1.4%
Q3 2018+3.7%-1.1%-3.0%
Q2 2018-3.5%-4.3%-5.9%
Q1 2018+3.9%+5.4%+13.2%
Q4 2017-1.8%-1.6%-4.1%
Q3 2017+0.9%-2.6%-4.0%
Q2 2017-2.1%-5.4%-4.3%
Q1 2017-1.7%-4.5%-4.8%
Q4 2016+1.7%+6.1%+3.0%
Q3 2016-3.8%-3.7%+12.4%
Q2 2016+6.7%+4.5%+9.8%
Q1 2016+6.1%
Q4 2015+3.1%
Q3 2015-2.4%
Q2 2015-4.8%
Q1 2015-6.8%
Q4 2014-5.4%
Q3 2014-3.2%
Q2 2014-3.3%
Q1 2014+1.4%
Q4 2013-3.1%
Q3 2013+1.2%
Q2 2013+1.7%
Q1 2013-6.5%
Q4 2012-6.5%
Q3 2012+0.3%
Q2 2012-1.5%
Q1 2012+0.8%
Q4 2011+1.5%
Q3 2011+4.4%
Q2 2011-9.8%
Q1 2011+2.2%
Q4 2010-2.0%
Q3 2010+1.0%
Q2 2010-1.4%
Q1 2009+0.6%
Q1 2010+1.5%
Q4 2009+1.0%
Q3 2008+2.0%
Q3 2009+2.0%
Q4 2008+2.0%
Q4 2007+2.0%
Q2 2008+2.0%
Q2 2009+2.0%

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