Oneok (OKE) Cost of Revenue (2009 - 2026)
Oneok (OKE) posted Cost of Revenue of $9.2 billion for Q2 2026, up 31.04% on a QoQ basis from $7.1 billion in Q1 2026, and up 72.43% year-over-year from $5.4 billion in Q2 2025.
Analysis
Oneok (OKE) Cost of Revenue (2009 - 2026) Analysis & Trends
Oneok has reported Cost of Revenue for 18 years, with the latest figure at $9.2 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 72.43% year-over-year to $9.2 billion in Q2 2026; TTM through Jun 2026 was $28.7 billion, a 54.56% 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 was $9.2 billion for Q2 2026 at Oneok, up from $7.1 billion in the prior quarter.
- The five-year high for Cost of Revenue was $9.2 billion in Q2 2026, with the low at $2.5 billion in Q2 2023.
- Average Cost of Revenue over 5 years is $4.6 billion, with a median of $4.4 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 106.09% in 2022, then slumped 49.12% in 2023.
- Over 5 years, Cost of Revenue stood at $3.9 billion in 2022, then dropped by 15.21% to $3.3 billion in 2023, then soared by 36.2% to $4.5 billion in 2024, then jumped by 42.26% to $6.4 billion in 2025, then surged by 44.5% to $9.2 billion in 2026.
- The last three Cost of Revenue figures came in at $9.2 billion (Q2 2026), $7.1 billion (Q1 2026), and $6.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 26.94 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 1.06 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 2.30 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 15.96 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.29 Bn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.24 Bn |
| Mar 31, 2026 | 7.05 Bn |
| Dec 31, 2025 | 6.40 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Jun 30, 2025 | 5.36 Bn |
| Mar 31, 2025 | 5.66 Bn |
| Dec 31, 2024 | 4.50 Bn |
| Sep 30, 2024 | 3.03 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Mar 31, 2024 | 2.90 Bn |
| Dec 31, 2023 | 3.30 Bn |
| Sep 30, 2023 | 2.80 Bn |
| Jun 30, 2023 | 2.48 Bn |
| Mar 31, 2023 | 3.35 Bn |
| Dec 31, 2022 | 3.89 Bn |
| Sep 30, 2022 | 4.77 Bn |
| Jun 30, 2022 | 4.88 Bn |
| Mar 31, 2022 | 4.37 Bn |
| Dec 31, 2021 | 4.32 Bn |
| Sep 30, 2021 | 3.45 Bn |