Oneok (OKE) Capital Expenditures (2009 - 2026)
Oneok's Capital Expenditures was $613 million in Q2 2026, down 18.2% from $749 million a year earlier and down 29.1% from the prior quarter.
Powered by 
Analysis
Oneok (OKE) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Oneok's Capital Expenditures was $3.25 billion through Jun 30, 2026, up 35.0% 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%).
- The Q2 2026 figure marks the lowest quarterly Capital Expenditures since Q4 2024.
- Compared with a year earlier, Capital Expenditures was higher in six of the last eight quarters, with growth averaging 31.7%.
- The best year-over-year quarter for Capital Expenditures over five years was Q2 2022 (growth of 104.9%); the worst was Q3 2021 (a decline of 56.3%).
- Per Business Quant data, OKE's Capital Expenditures in the three quarters before Q2 2026 was $864 million (Q1 2026), $970 million (Q4 2025) and $804 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 2.15 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 1.16 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 1.56 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 982.00 Mn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | -773.53 Mn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 1.01 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 825.00 Mn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 613.00 Mn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 1.18 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 3.72 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 166.21 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();