Oneok (OKE) Operating Expenses (2009 - 2026)
Oneok (OKE) posted quarterly Operating Expenses of $7.0 million for Q1 2026, down 83.33% year-over-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.
- 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 $81.0 million, up 10.96% from the prior year.
- Operating Expenses for Q1 2026 stood at $7.0 million, roughly flat 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.
- The 4-year median for Operating Expenses is $10.0 million (2024), against an average of $28.1 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 91.87% in 2024, then jumped 1300.0% in 2025.
- Oneok's Operating Expenses stood at $25.0 million in 2023, then soared by 124.0% to $56.0 million in 2024, then tumbled by 87.5% to $7.0 million in 2025, then changed by 0.0% to $7.0 million in 2026.
- Business Quant data shows OKE's Operating Expenses at $7.0 million in Q1 2026, $7.0 million in Q4 2025, and $10.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download 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 |