Oneok (OKE) Cost of Revenue (2009 - 2026)
Oneok (OKE) posted Cost of Revenue of $7.1 billion for Q1 2026, up 149.01% on a QoQ basis from -$14.4 billion in Q4 2025, and up 24.72% year-on-year from $5.7 billion in Q1 2025.
Oneok (OKE) Cost of Revenue (2009 - 2026) Analysis & Trends
Oneok has disclosed Cost of Revenue across 18 years of filings, most recently posting $7.1 billion for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $7.1 billion, up 24.72% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.0 billion (down 67.5% YoY), and the FY2025 annual result was $2.6 billion, up 19.57% from the prior year.
- Cost of Revenue came in at $7.1 billion for Q1 2026 at Oneok, up from -$14.4 billion in the prior quarter.
- Over the last five years, Cost of Revenue for OKE reached as high as $7.1 billion in Q1 2026 and fell as low as -$14.4 billion in Q4 2025.
- Median Cost of Revenue over the past 5 years was $2.9 billion (2024), compared with a mean of $1.3 billion.
- On a YoY basis, Cost of Revenue climbed as much as 2017.91% in 2022 and fell as far as 5217.99% in 2022.
- Over 5 years, Cost of Revenue stood at -$13.1 billion in 2022, then surged by 125.28% to $3.3 billion in 2023, then tumbled by 79.37% to $681.0 million in 2024, then slumped by 2213.36% to -$14.4 billion in 2025, then surged by 149.01% to $7.1 billion in 2026.
- Per Business Quant, the three latest OKE Cost of Revenue figures stand at $7.1 billion (Q1 2026), -$14.4 billion (Q4 2025), and $6.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 11.49 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.05 Bn |
| Mar 31, 2026 | 7.05 Bn |
| Dec 31, 2025 | -14.39 Bn |
| Dec 31, 2025 | -14.39 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Jun 30, 2025 | 5.36 Bn |
| Jun 30, 2025 | 5.36 Bn |
| Mar 31, 2025 | 5.66 Bn |
| Mar 31, 2025 | 5.66 Bn |
| Dec 31, 2024 | 681.00 Mn |
| Dec 31, 2024 | 681.00 Mn |
| Sep 30, 2024 | 3.03 Bn |
| Sep 30, 2024 | 3.03 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Mar 31, 2024 | 2.90 Bn |
| Mar 31, 2024 | 2.90 Bn |
| Dec 31, 2023 | 3.30 Bn |
| Dec 31, 2023 | 3.30 Bn |