Oneok (OKE) Operating Expenses (2009 - 2026)
Oneok (OKE) posted Operating Expenses of $7.0 million for Q1 2026, little changed on a QoQ basis from $7.0 million in Q4 2025, and down 83.33% year-on-year from $42.0 million in Q1 2025.
Oneok (OKE) Operating Expenses (2009 - 2026) Analysis & Trends
Oneok has disclosed Operating Expenses across 11 years of filings, most recently posting $7.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $7.0 million, down 83.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $46.0 million (down 58.93% YoY), and the FY2025 annual result was $1.5 billion, up 26.26% from the prior year.
- Operating Expenses came in at $7.0 million for Q1 2026 at Oneok, roughly flat from $7.0 million in the prior quarter.
- Over the last five years, Operating Expenses for OKE reached as high as $123.0 million in Q3 2023 and fell as low as $3.0 million in Q1 2024.
- Median Operating Expenses over the past 4 years was $10.0 million (2024), compared with a mean of $28.1 million.
- Year-over-year, Operating Expenses plunged 91.87% in 2024 and soared 1300.0% in 2025.
- Over 4 years, 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 301.00 Mn |
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 |