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
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