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
DateValue
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