Oneok (OKE) Cost of Revenue (2009 - 2026)
Oneok's (OKE) quarterly Cost of Revenue came in at $634.0 million in Q1 2026, down 88.79% year-on-year from $5.7 billion in Q1 2025, and down 97.05% quarter-over-quarter from $21.5 billion in Q4 2025.
Oneok (OKE) Cost of Revenue (2009 - 2026) Analysis & Trends
Oneok's Cost of Revenue history runs 18 years deep, the most recent figure standing at $634.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue fell 88.79% year-over-year to $634.0 million in Q1 2026; TTM through Mar 2026 was $28.7 billion, a 37.28% increase from a year earlier, with the FY2025 full-year figure at $23.4 billion, up 75.59% from the prior year.
- Cost of Revenue slipped to $634.0 million in Q1 2026 per OKE's latest filing, from $21.5 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $21.5 billion in Q4 2025 and bottomed at $214.0 million in Q1 2022.
- The 5-year median for Cost of Revenue is $2.9 billion (2024), against an average of $4.5 billion.
- Biggest YoY gain for Cost of Revenue was 2017.91% in 2022; the steepest drop was 90.24% in 2022.
- Year by year, Cost of Revenue stood at $3.9 billion in 2022, then jumped by 185.02% to $11.1 billion in 2023, then advanced by 6.61% to $11.8 billion in 2024, then surged by 81.41% to $21.5 billion in 2025, then tumbled by 97.05% to $634.0 million in 2026.
- Per Business Quant, the three latest OKE Cost of Revenue figures stand at $634.0 million (Q1 2026), $21.5 billion (Q4 2025), and $6.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,943.60 Bn | 2,943.47 Bn | 167.16 Mn | 19.13 Mn |
| 2 | Flex LNG | 1,649.28 Bn | 1,648.89 Bn | 61.79 Mn | 18.67 Mn |
| 3 | Enbridge | 120.97 Bn | 119.64 Bn | 6.70 Bn | 9.60 Bn |
| 4 | Kinder Morgan | 112.45 Bn | 112.33 Bn | 3.07 Bn | 1.41 Bn |
| 5 | Enterprise Products Partners | 82.58 Bn | 81.38 Bn | - | - |
| 6 | Tc Energy | 71.17 Bn | 65.47 Bn | 1.36 Bn | 39.44 Mn |
| 7 | Energy Transfer | 68.75 Bn | 67.78 Bn | 6.62 Bn | 21.15 Bn |
| 8 | Mplx | 59.29 Bn | 57.78 Bn | 1.95 Bn | 402.00 Mn |
| 9 | Targa Resources | 57.65 Bn | 57.55 Bn | 1.70 Bn | 2.39 Bn |
| 10 | Oneok | 56.54 Bn | 56.36 Bn | 8.98 Bn | 634.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 634.00 Mn |
| Mar 31, 2026 | 634.00 Mn |
| Dec 31, 2025 | 21.46 Bn |
| Dec 31, 2025 | 21.46 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Jun 30, 2025 | 618.00 Mn |
| Jun 30, 2025 | 618.00 Mn |
| Mar 31, 2025 | 5.66 Bn |
| Mar 31, 2025 | 5.66 Bn |
| Dec 31, 2024 | 11.83 Bn |
| Dec 31, 2024 | 11.83 Bn |
| Sep 30, 2024 | 512.00 Mn |
| Sep 30, 2024 | 512.00 Mn |
| Jun 30, 2024 | 2.89 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Mar 31, 2024 | 483.00 Mn |
| Mar 31, 2024 | 483.00 Mn |
| Dec 31, 2023 | 11.10 Bn |
| Dec 31, 2023 | 11.10 Bn |