Oneok (OKE) Capital Expenditures (2009 - 2026)
Oneok's Capital Expenditures was $937 million in Q3 2026, up 16.5% from $804 million a year earlier and up 52.9% from the prior quarter.
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Analysis
Oneok (OKE) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Oneok's Capital Expenditures was $3.38 billion through Sep 30, 2026, up 23.3% year-over-year; for FY2025, it was $3.15 billion, up 56.0% from FY2024.
- Capital Expenditures has now increased for four consecutive years, with a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $2.02 billion in FY2024 (+26.7%), $1.6 billion in FY2023 (+32.7%), $1.2 billion in FY2022 (+72.5%) and $697 million in FY2021 (-68.3%).
- Quarterly Capital Expenditures has moved between $206.67 million (Q4 2021) and $970 million (Q4 2025) over five years.
- Compared with a year earlier, Capital Expenditures was higher in six of the last eight quarters, with growth averaging 31.6%.
- The best year-over-year quarter for Capital Expenditures over five years was Q2 2022 (growth of 104.9%); the worst was Q4 2021 (a decline of 23.8%).
- Per Business Quant data, OKE's Capital Expenditures in the three quarters before Q3 2026 was $613 million (Q2 2026), $864 million (Q1 2026) and $970 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.53 Bn | 99.13 Bn | 4.84 Bn | 2.15 Bn |
| 2 | Williams Companies | 82.50 Bn | 79.53 Bn | 2.59 Bn | 2.49 Bn |
| 3 | Enterprise Products Partners | 79.39 Bn | 77.75 Bn | - | 1.06 Bn |
| 4 | Kinder Morgan | 68.14 Bn | 66.99 Bn | 2.97 Bn | 1.05 Bn |
| 5 | Energy Transfer | 65.55 Bn | 61.38 Bn | 6.57 Bn | 1.88 Bn |
| 6 | Tc Energy | 65.45 Bn | 62.21 Bn | - | -852.92 Mn |
| 7 | Cheniere Energy | 59.68 Bn | 53.83 Bn | 2.97 Bn | 732.00 Mn |
| 8 | Targa Resources | 58.63 Bn | 58.09 Bn | 2.02 Bn | 1.24 Bn |
| 9 | Mplx | 57.55 Bn | 51.58 Bn | 3.19 Bn | 795.00 Mn |
| 10 | Oneok | 54.31 Bn | 53.71 Bn | 2.84 Bn | 937.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 937.00 Mn |
| Jun 30, 2026 | 613.00 Mn |
| Mar 31, 2026 | 864.00 Mn |
| Dec 31, 2025 | 970.00 Mn |
| Sep 30, 2025 | 804.00 Mn |
| Jun 30, 2025 | 749.00 Mn |
| Mar 31, 2025 | 629.00 Mn |
| Dec 31, 2024 | 562.00 Mn |
| Sep 30, 2024 | 468.00 Mn |
| Jun 30, 2024 | 479.00 Mn |
| Mar 31, 2024 | 512.00 Mn |
| Dec 31, 2023 | 603.00 Mn |
| Sep 30, 2023 | 398.00 Mn |
| Jun 30, 2023 | 305.00 Mn |
| Mar 31, 2023 | 289.00 Mn |
| Dec 31, 2022 | 316.00 Mn |
| Sep 30, 2022 | 327.00 Mn |
| Jun 30, 2022 | 302.00 Mn |
| Mar 31, 2022 | 257.00 Mn |
| Dec 31, 2021 | 206.67 Mn |
API Access
Oneok Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "OKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();