Oneok (OKE) Operating Expenses (2009 - 2026)
Oneok's (OKE) quarterly Operating Expenses came in at $7.0 million in Q1 2026, down 83.33% year-on-year from $42.0 million in Q1 2025, and little changed quarter-over-quarter from $7.0 million in Q4 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.
- On a quarterly basis, Operating Expenses fell 83.33% year-over-year to $7.0 million in Q1 2026; TTM through Mar 2026 was $46.0 million, a 58.93% decrease from a year earlier, with the FY2025 full-year figure at $81.0 million, up 10.96% from the prior year.
- Operating Expenses was little changed at $7.0 million in Q1 2026 per OKE's latest filing, from $7.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $123.0 million in Q3 2023 and bottomed at $3.0 million in Q1 2024.
- The 4-year median for Operating Expenses is $10.0 million (2024), against an average of $28.1 million.
- Across the five-year window, Operating Expenses sank 91.87% in 2024 and jumped 1300.0% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $25.0 million in 2023, then jumped by 124.0% to $56.0 million in 2024, then slumped by 87.5% to $7.0 million in 2025, then changed by 0.0% to $7.0 million in 2026.
- Per Business Quant, the three latest OKE Operating Expenses figures stand at $7.0 million (Q1 2026), $7.0 million (Q4 2025), and $10.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 1.82 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 |