What caused ONEOK's fourth-quarter profit decline?

ONEOK's fourth-quarter profit per share declined due to the divestiture of an interstate pipeline network, which significantly impacted its natural gas transportation segment earnings, and lower oil prices.

Did all of ONEOK's segments experience a profit decrease?

No, while the natural gas transportation and refined products segments saw reduced profits, ONEOK's natural gas liquids business and natural gas gathering and processing segment recorded increases in quarterly core profit.

What is ONEOK's net income forecast for the current year?

ONEOK forecasts its current-year net income to be between $3.19 billion and $3.71 billion, a projection that is below the average analyst estimate.

Home / Business and Economy / ONEOK Profit Dips Amid Pipeline Sales and Low Oil Prices

ONEOK Profit Dips Amid Pipeline Sales and Low Oil Prices

24 Feb

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Summary

Fourth-quarter earnings per share fell to $1.55.
Natural gas transportation segment earnings significantly dropped.
Company forecasts current-year net income below analyst estimates.

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.

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