Oneok (OKE) Operating Expenses (2009 - 2026)
Oneok (OKE) posted Operating Expenses of $4.0 million for Q2 2026, down 42.86% on a QoQ basis from $7.0 million in Q1 2026, and down 81.82% year-over-year from $22.0 million in Q2 2025.
Analysis
Oneok (OKE) Operating Expenses (2009 - 2026) Analysis & Trends
Oneok has reported Operating Expenses for 11 years, with the latest figure at $4.0 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 81.82% year-over-year to $4.0 million in Q2 2026; TTM through Jun 2026 was $28.0 million, a 78.46% decrease from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 26.26% from the prior year.
- Operating Expenses was $4.0 million for Q2 2026 at Oneok, down from $7.0 million in the prior quarter.
- The five-year high for Operating Expenses was $123.0 million in Q3 2023, with the low at $3.0 million in Q1 2024.
- Average Operating Expenses over 4 years is $26.1 million, with a median of $10.0 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 91.87% in 2024, then soared 1300.0% in 2025.
- Over 4 years, Operating Expenses stood at $25.0 million in 2023, then surged by 124.0% to $56.0 million in 2024, then tumbled by 87.5% to $7.0 million in 2025, then plunged by 42.86% to $4.0 million in 2026.
- The last three Operating Expenses figures came in at $4.0 million (Q2 2026), $7.0 million (Q1 2026), and $7.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 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 |