ONEOK Profit Dips Amid Pipeline Sales and Low Oil Prices

ONEOK, a U.S. pipeline operator, experienced a decline in its fourth-quarter profit per share, attributed to the 2025 divestiture of an interstate pipeline network. This sale significantly impacted earnings in its natural gas transportation segment. The company also contended with reduced oil prices during the quarter ended December 31, 2025, which generally pressure midstream service providers by shrinking transportation volumes.

Despite the overall profit dip, ONEOK's natural gas liquids business saw a 4% increase in quarterly core profit. Similarly, the natural gas gathering and processing segment recorded a 10% rise. The company forecasts its current-year net income to be between $3.19 billion and $3.71 billion, a range that falls below market expectations.