Oneok (OKE) Invested Capital (2009 - 2026)
Oneok (OKE) recorded quarterly Invested Capital of $54.4 billion in Q1 2026, little changed quarter-over-quarter from $54.6 billion in Q4 2025, and up 0.98% on a YoY basis from $53.9 billion in Q1 2025.
Oneok (OKE) Invested Capital (2009 - 2026) Analysis & Trends
Oneok's Invested Capital history runs 18 years deep, the most recent figure standing at $54.4 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 0.98% year-over-year to $54.4 billion; the TTM figure through Mar 2026 stood at $54.4 billion (up 0.98% YoY), while the FY2025 annual figure was $54.6 billion, up 0.62% from the prior year.
- Invested Capital was $54.4 billion for Q1 2026 at Oneok, roughly flat from $54.6 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $55.9 billion in Q3 2025 to a low of $19.2 billion in Q3 2022.
- Historically, Invested Capital has averaged $37.8 billion across 5 years, with a median of $38.3 billion in 2023.
- The sharpest annual moves came in 2022 and 2023: Invested Capital declined 4.14% in 2022, then surged 99.35% in 2023.
- A 5-year view of Invested Capital shows it stood at $20.1 billion in 2022, then surged by 90.03% to $38.2 billion in 2023, then jumped by 42.03% to $54.2 billion in 2024, then gained by 0.62% to $54.6 billion in 2025, then retreated by 0.22% to $54.4 billion in 2026.
- The last three Invested Capital figures came in at $54.4 billion (Q1 2026), $54.6 billion (Q4 2025), and $55.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 59.19 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 33.06 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 61.04 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 103.80 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 21.28 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 40.30 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 21.59 Bn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 54.45 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 19.65 Bn |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 25.90 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 54.45 Bn |
| Dec 31, 2025 | 54.57 Bn |
| Sep 30, 2025 | 55.86 Bn |
| Jun 30, 2025 | 53.20 Bn |
| Mar 31, 2025 | 53.92 Bn |
| Dec 31, 2024 | 54.23 Bn |
| Sep 30, 2024 | 44.99 Bn |
| Jun 30, 2024 | 38.41 Bn |
| Mar 31, 2024 | 38.15 Bn |
| Dec 31, 2023 | 38.18 Bn |
| Sep 30, 2023 | 38.30 Bn |
| Jun 30, 2023 | 19.92 Bn |
| Mar 31, 2023 | 20.33 Bn |
| Dec 31, 2022 | 20.09 Bn |
| Sep 30, 2022 | 19.21 Bn |
| Jun 30, 2022 | 19.92 Bn |
| Mar 31, 2022 | 19.59 Bn |
| Dec 31, 2021 | 19.62 Bn |
| Sep 30, 2021 | 20.04 Bn |
| Jun 30, 2021 | 20.11 Bn |