Oneok (OKE) Free Cash Flow (2009 - 2026)
Oneok's Free Cash Flow came in at $1.44 billion for Q2 2026, up 85.6% from $776 million a year earlier.
Oneok (OKE) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Oneok reported Free Cash Flow of $2.91 billion, up 0.8% year-over-year; for FY2025, it came in at $2.45 billion, down 14.6% from FY2024.
- Going back by year, Free Cash Flow was $2.87 billion in FY2024 (+1.5%), $2.83 billion in FY2023 (+65.8%), $1.7 billion in FY2022 (-7.8%) and $1.85 billion in FY2021.
- The Q2 2026 figure represents the highest quarterly Free Cash Flow in data going back to Q1 2009.
- Year-over-year, Free Cash Flow increased in five of the last eight quarters, with growth averaging 30.7%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q1 2023 (growth of 352.4%), and the weakest in Q1 2024 (a decline of 91.0%).
- Business Quant data shows OKE's Free Cash Flow at $70 million (Q1 2026), $576 million (Q4 2025) and $820 million (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 821.24 Mn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 2.02 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 2.71 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 978.00 Mn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 2.66 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 431.20 Mn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 877.00 Mn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 398.00 Mn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 1.44 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | -1.65 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44 Bn |
| Mar 31, 2026 | 70.00 Mn |
| Dec 31, 2025 | 576.00 Mn |
| Sep 30, 2025 | 820.00 Mn |
| Jun 30, 2025 | 776.00 Mn |
| Mar 31, 2025 | 275.00 Mn |
| Dec 31, 2024 | 1.05 Bn |
| Sep 30, 2024 | 783.00 Mn |
| Jun 30, 2024 | 951.00 Mn |
| Mar 31, 2024 | 84.00 Mn |
| Dec 31, 2023 | 905.00 Mn |
| Sep 30, 2023 | 522.00 Mn |
| Jun 30, 2023 | 467.00 Mn |
| Mar 31, 2023 | 932.00 Mn |
| Dec 31, 2022 | 724.00 Mn |
| Sep 30, 2022 | 289.00 Mn |
| Jun 30, 2022 | 485.00 Mn |
| Mar 31, 2022 | 206.00 Mn |
| Dec 31, 2021 | 848.17 Mn |
| Sep 30, 2021 | 246.97 Mn |
Oneok Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=OKE&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "OKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();