Oneok (OKE) Operating Expenses (2009 - 2026)
Oneok (OKE) recorded quarterly Operating Expenses of $7.0 million in Q1 2026, little changed quarter-over-quarter from $7.0 million in Q4 2025, and down 83.33% on a YoY basis from $42.0 million in Q1 2025.
Oneok (OKE) Operating Expenses (2009 - 2026) Analysis & Trends
Oneok's Operating Expenses history runs 11 years deep, the most recent figure standing at $7.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 83.33% year-over-year to $7.0 million; the TTM figure through Mar 2026 stood at $46.0 million (down 58.93% YoY), while the FY2025 annual figure was $1.5 billion, up 26.26% from the prior year.
- Operating Expenses was $7.0 million for Q1 2026 at Oneok, roughly flat from $7.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $123.0 million in Q3 2023 to a low of $3.0 million in Q1 2024.
- Historically, Operating Expenses has averaged $28.1 million across 4 years, with a median of $10.0 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 91.87% in 2024, then surged 1300.0% in 2025.
- A 4-year view of Operating Expenses shows it stood at $25.0 million in 2023, then jumped by 124.0% to $56.0 million in 2024, then plunged by 87.5% to $7.0 million in 2025, then changed by 0.0% to $7.0 million in 2026.
- The last three Operating Expenses figures came in at $7.0 million (Q1 2026), $7.0 million (Q4 2025), and $10.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Cheniere Energy | 49.81 Bn | 52.01 Bn | 5.86 Bn | 9.36 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2013 | 192.85 Mn |