Oneok Q4 profit per share declines after pipeline network divestiture
ONEOK’s fourth-quarter profit per share fell as natural gas transportation earnings dropped sharply following the 2024 divestiture of an interstate pipeline network. The divestiture cut segment margins and weighed on overall segment results for the quarter.
1. Q4 Earnings Results
ONEOK’s fourth-quarter profit per share declined year-over-year as weaker segment performance weighed on net income. The downturn was driven primarily by underperformance in its natural gas transportation operations.
2. Divestiture Impact on Natural Gas Transportation
The 2024 sale of an interstate pipeline network removed fee-based revenue and reduced transport volumes, leading to a sharp drop in segment earnings. This asset divestiture directly cut margins and pressured overall quarterly results.