Oneok (OKE) Invested Capital (2009 - 2026)
Oneok's Invested Capital was $56.06 billion in Q2 2026, up 3.1% from $54.37 billion a year earlier but down 0.1% from the prior quarter.
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Analysis
Oneok (OKE) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Oneok came in at $55.39 billion, up 2.2% from FY2024.
- Invested Capital has now increased for four consecutive years, with a five-year compound annual growth rate of 22.3% (FY2020 to FY2025).
- In earlier years, Invested Capital was $54.21 billion in FY2024 (+42.1%), $38.15 billion in FY2023 (+89.7%), $20.12 billion in FY2022 (+2.3%) and $19.66 billion in FY2021 (-3.1%).
- Quarterly Invested Capital has moved between $19.66 billion (Q4 2021) and $56.1 billion (Q1 2026) over five years.
- Compared with a year earlier, Invested Capital has increased for 16 straight quarters, with growth averaging 21.8% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q2 2024 (growth of 93.3%); the worst was Q4 2021 (a decline of 3.1%).
- Per Business Quant data, OKE's Invested Capital in the three quarters before Q2 2026 was $56.1 billion (Q1 2026), $55.39 billion (Q4 2025) and $55.88 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 130.30 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 64.29 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 118.93 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 65.13 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 36.51 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 23.37 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 39.89 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 35.53 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 56.06 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 53.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.06 Bn |
| Mar 31, 2026 | 56.10 Bn |
| Dec 31, 2025 | 55.39 Bn |
| Sep 30, 2025 | 55.88 Bn |
| Jun 30, 2025 | 54.37 Bn |
| Mar 31, 2025 | 54.16 Bn |
| Dec 31, 2024 | 54.21 Bn |
| Sep 30, 2024 | 45.02 Bn |
| Jun 30, 2024 | 38.58 Bn |
| Mar 31, 2024 | 38.45 Bn |
| Dec 31, 2023 | 38.15 Bn |
| Sep 30, 2023 | 38.25 Bn |
| Jun 30, 2023 | 19.96 Bn |
| Mar 31, 2023 | 20.36 Bn |
| Dec 31, 2022 | 20.12 Bn |
| Sep 30, 2022 | 20.09 Bn |
| Jun 30, 2022 | 19.88 Bn |
| Mar 31, 2022 | 19.72 Bn |
| Dec 31, 2021 | 19.66 Bn |
| Sep 30, 2021 | 20.02 Bn |
API Access
Oneok Invested Capital 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=invested-capital&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();