Oneok (OKE) Operating Expenses (2009 - 2026)
Oneok (OKE) recorded Operating Expenses of $4 million in Q2 2026, down 81.8% from $22 million a year earlier and down 42.9% from the prior quarter.
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Analysis
Oneok (OKE) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Oneok's Operating Expenses came in at $28 million as of Jun 30, 2026, down 78.5% year-over-year; for FY2025, it came in at $1.48 billion, up 26.3% from FY2024.
- Annual Operating Expenses has increased for three straight years, with a three-year compound annual growth rate of 34.0% (FY2022 to FY2025).
- Across earlier years, Operating Expenses came in at $1.17 billion in FY2024 (+31.2%), $894 million in FY2023 (+45.4%) and $615 million in FY2022.
- Quarterly Operating Expenses has ranged from $3 million in Q1 2024 to $123 million in Q3 2023 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for three consecutive quarters, with growth averaging 32.8% over the last seven quarters.
- Per Business Quant, the preceding three quarters came in at $7 million (Q1 2026), $7 million (Q4 2025) and $10 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 19.09 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 3.13 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | -1.06 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 354.10 Mn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.93 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 4.00 Mn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.00 Mn |
| Mar 31, 2026 | 7.00 Mn |
| Dec 31, 2025 | 7.00 Mn |
| Sep 30, 2025 | 10.00 Mn |
| Jun 30, 2025 | 22.00 Mn |
| Mar 31, 2025 | 42.00 Mn |
| Dec 31, 2024 | 56.00 Mn |
| Sep 30, 2024 | 10.00 Mn |
| Jun 30, 2024 | 4.00 Mn |
| Mar 31, 2024 | 3.00 Mn |
| Dec 31, 2023 | 25.00 Mn |
| Sep 30, 2023 | 123.00 Mn |
| Sep 30, 2015 | 252.48 Mn |
| Jun 30, 2015 | 252.34 Mn |
| Mar 31, 2015 | 264.97 Mn |
| Dec 31, 2014 | 261.81 Mn |
| Sep 30, 2014 | 247.08 Mn |
| Jun 30, 2014 | 244.15 Mn |
| Mar 31, 2014 | 216.53 Mn |
| Dec 31, 2013 | 207.01 Mn |
API Access
Oneok Operating Expenses 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=operating-expenses&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();