Intersegment was Oneok’s largest segment in fiscal 2017, bringing in $1.90B of $2.31B (82%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|
| Unaffiliated Entity | $10.33B | $6.25B | $1.38B | $411.49M | ||
| Intersegment | — | — | $992.80M | $1.90B | ||
| Operating Segments | $1.45B | $770.10M | — | — | ||
| Affiliated Entity | $94.74M | — | — | — | ||
| Total | $11.87B | $7.02B | $2.37B | $2.31B |
Oneok brought in $2.31B from its two segments in fiscal 2017, the year ended December 31, 2017. That was down 2.4% from $2.37B in fiscal 2016. Intersegment was the largest at $1.90B (82.2%), ahead of Unaffiliated Entity at $411.49M (17.8%).
Compared with fiscal 2016, Intersegment grew 91.5% to $1.90B, while Unaffiliated Entity fell 70.1% to $411.49M.
Oneok began breaking out Intersegment in fiscal 2016, when it brought in $992.80M. Oneok stopped reporting Operating Segments ($770.10M in fiscal 2015) and Affiliated Entity ($94.74M in fiscal 2014) as separate segments.
Commodity Sales was Oneok’s largest product and service line in fiscal 2022, bringing in $20.98B of $22.79B (92%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Commodity Sales | $8.92B | — | $15.18B | $20.98B | ||
| Ngl & Condensate Sales | -$1.19B | $6.48B | -$2.90B | -$3.76B | ||
| Services | $1.25B | $1.29B | $1.36B | $1.41B | ||
| Residue Natural Gas Sales | $965.98M | $769.32M | $1.60B | $2.70B | ||
| Gathering & Exchange Services Revenue | — | — | $653.26M | $690.93M | ||
| Transportation & Storage Revenue | -$15.65M | $638.41M | $657.00M | $710.52M | ||
| Other | $55.22M | $53.81M | $124.22M | $60.92M | ||
| Total | $9.98B | $9.23B | $16.67B | $22.79B |
Oneok brought in $22.79B from its seven product and service lines in fiscal 2022, the year ended December 31, 2022. That was up 36.7% from $16.67B in fiscal 2021. Commodity Sales was the largest at $20.98B (92.0%), ahead of Residue Natural Gas Sales at $2.70B (11.9%) and Services at $1.41B (6.2%). The other three lines brought in $1.46B combined.
Compared with fiscal 2021, Residue Natural Gas Sales grew fastest, up 69.1% to $2.70B. Every line above 2% of revenue grew.
The total is net of Ngl & Condensate Sales, which took $3.76B off revenue in fiscal 2022.
Natural Gas Liquids was Oneok’s largest segment in fiscal 2022, bringing in $18.33B of $21.54B (85%).
| Statement Business Segments | FY 2009 | FY 2010 | FY 2011 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|---|---|
| Natural Gas Liquids | $7.91B | $6.41B | $14.39B | $18.33B | ||||
| Oneok Partners | — | — | — | — | ||||
| Oneok Partners Regulated | — | — | — | — | ||||
| Energy Services | — | — | — | — | ||||
| Natural Gas Distribution | — | — | — | — | ||||
| Natural Gas Distribution Regulated | — | — | — | — | ||||
| Distribution Regulated | — | — | — | — | ||||
| Total Segments | $663.75M | $1.28B | — | — | ||||
| Natural Gas Gathering & Processing | $164.30M | $141.94M | $135.00M | $2.67B | ||||
| Natural Gas Pipelines | $466.27M | $8.69M | $607.00M | $539.00M | ||||
| Sales To Unaffiliated Customers | — | — | — | — | ||||
| Corporate Elimination | — | — | — | — | ||||
| Total | $9.21B | $7.84B | $15.13B | $21.54B |
Oneok brought in $21.54B from its three segments in fiscal 2022, the year ended December 31, 2022. That is less than the $22.79B it reports by product and service, so these segments do not cover all of its revenue. Natural Gas Liquids was the largest at $18.33B (85.1%), ahead of Natural Gas Gathering & Processing at $2.67B (12.4%) and Natural Gas Pipelines at $539.00M (2.5%).
Compared with fiscal 2021, Natural Gas Gathering & Processing grew fastest, up 1,880.7% to $2.67B, while Natural Gas Pipelines fell the most, down 11.2% to $539.00M.
Oneok stopped reporting Total Segments as a separate segment after fiscal 2020, when it brought in $1.28B.
Oneok (OKE) reports its revenue by segment, by product and service and by statement business segments. In fiscal 2017, Intersegment was its largest segment, bringing in $1.90B (82.2% of the total), followed by Unaffiliated Entity at $411.49M (17.8%).
Intersegment was Oneok's largest segment in fiscal 2017, bringing in $1.90B, or 82.2% of the $2.31B total across its two segments.
Commodity Sales was Oneok's largest product and service line in fiscal 2022, bringing in $20.98B, or 92.0% of the $22.79B total across its seven product and service lines.
Intersegment grew faster than Unaffiliated Entity in fiscal 2017, up 91.5% from $992.80M to $1.90B. Unaffiliated Entity fell 70.1% to $411.49M.
Every figure comes from Oneok's annual financial filings, as reported. Each line keeps the name Oneok gives it, and years follow its fiscal calendar.
Oneok's revenue by segment goes back to fiscal 2012, with figures through fiscal 2017. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.