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
DateValue
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