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
DateValue
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