Oneok Natural Gas Gathering and Processing — Direct Operating Costs decreased by 2.4% to $245.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.7%, from $257.00M to $245.00M. Over 4 years (FY 2021 to FY 2025), Natural Gas Gathering and Processing — Direct Operating Costs shows an upward trend with a 28.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising costs may indicate aging infrastructure requiring more maintenance or inflationary pressures, while stable or declining costs suggest effective cost management.
Represents the recurring operational expenses required to run gathering and processing facilities, including labor, main...
Similar to operating and maintenance (O&M) expenses reported by peer midstream operators.
oke_segment_natural_gas_gathering_and_processing_direct_operating_costs| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $86.43M | $95.21M | $101.15M | $93.71M | $97.47M | $98.20M | $113.84M | $105.00M | $115.00M | $119.00M | $128.00M | $117.00M | $119.00M | $129.00M | $238.00M | $257.00M | $236.00M | $244.00M | $251.00M | $245.00M |
| QoQ Change | — | +10.2% | +6.2% | -7.4% | +4.0% | +0.7% | +15.9% | -7.8% | +9.5% | +3.5% | +7.6% | -8.6% | +1.7% | +8.4% | +84.5% | +8.0% | -8.2% | +3.4% | +2.9% | -2.4% |
| YoY Change | — | — | — | — | +12.8% | +3.1% | +12.5% | +12.0% | +18.0% | +21.2% | +12.4% | +11.4% | +3.5% | +8.4% | +85.9% | +119.7% | +98.3% | +89.1% | +5.5% | -4.7% |