Oneok (OKE) Cost of Revenue (2009 - 2026)
Oneok (OKE) recorded quarterly Cost of Revenue of $7.1 billion in Q1 2026, up 149.01% quarter-over-quarter from -$14.4 billion in Q4 2025, and up 24.72% on a YoY basis from $5.7 billion in Q1 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 $7.1 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 24.72% year-over-year to $7.1 billion; the TTM figure through Mar 2026 stood at $4.0 billion (down 67.5% YoY), while the FY2025 annual figure was $2.6 billion, up 19.57% from the prior year.
- Cost of Revenue was $7.1 billion for Q1 2026 at Oneok, up from -$14.4 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $7.1 billion in Q1 2026 to a low of -$14.4 billion in Q4 2025.
- Historically, Cost of Revenue has averaged $1.3 billion across 5 years, with a median of $2.9 billion in 2024.
- Biggest YoY gain for Cost of Revenue was 2017.91% in 2022; the steepest drop was 5217.99% in 2022.
- A 5-year view of Cost of Revenue shows it stood at -$13.1 billion in 2022, then surged by 125.28% to $3.3 billion in 2023, then sank by 79.37% to $681.0 million in 2024, then plunged by 2213.36% to -$14.4 billion in 2025, then surged by 149.01% to $7.1 billion in 2026.
- The last three Cost of Revenue figures came in at $7.1 billion (Q1 2026), -$14.4 billion (Q4 2025), and $6.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 89.89 Bn | 90.59 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Enterprise Products Partners | 82.10 Bn | 80.95 Bn | - | - |
| 3 | Kinder Morgan | 70.96 Bn | 72.04 Bn | 3.08 Bn | 1.75 Bn |
| 4 | Energy Transfer | 65.68 Bn | 64.96 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Scorpio Tankers | 59.56 Bn | 58.58 Bn | - | 68.80 Mn |
| 6 | Targa Resources | 58.53 Bn | 58.56 Bn | 1.70 Bn | 2.39 Bn |
| 7 | Oneok | 57.23 Bn | 57.10 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Mplx | 57.20 Bn | 55.69 Bn | 2.54 Bn | 498.00 Mn |
| 9 | Tc Energy | 51.34 Bn | 52.53 Bn | 2.95 Bn | 39.44 Mn |
| 10 | Cheniere Energy | 50.96 Bn | 53.16 Bn | 5.86 Bn | 4.00 Mn |
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 |