What is Oneok's capex?

Oneok (OKE) reported capex of $864M in Q1 2026.

How has Oneok's capex changed year-over-year?

Oneok's capex increased by 37.4% year-over-year, from $629M to $864M.

What is the long-term trend for Oneok's capex?

Over 4 years (2021 to 2025), Oneok's capex has grown at a 45.8% compound annual growth rate (CAGR), from $697M to $3.15B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Oneok OKE CapEx

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$983M-7.4%

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Other financials

Income statement

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Revenue$9.6B+19.6%

Gross profit$2.6B+7.4%

Operating income$1.4B+17.0%

Net income$774.0M+21.7%

EPS (diluted)$1.23+18.3%

Balance sheet

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Cash & equivalents$172.0M+22.0%

Total debt$32.4B+8.1%

Total equity$22.4B+4.6%

Total assets$68.2B+6.1%

Cash flow

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Operating cash flow$934.0M+3.3%

Free cash flow$70.0M-74.5%

Valuation

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Market cap$56.4B+9.6%

Enterprise value$88.64B+9.0%

P/E16×-1.0×

P/S1.6×-0.5×

Profitability

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Gross margin29.6%-6.0pp

Operating margin16.9%-3.7pp

Net margin10%-2.1pp

FCF margin6.4%-5.9pp

Returns & leverage

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Return on equity16.2%+0.1pp

Debt / equity1.4×0.0×

Current ratio0.7×0.0×

Where this comes from

Reported directly by Oneok in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Oneok’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Oneok's capex?: Oneok (OKE) reported capex of $864M in Q1 2026.
How has Oneok's capex changed year-over-year?: Oneok's capex increased by 37.4% year-over-year, from $629M to $864M.
What is the long-term trend for Oneok's capex?: Over 4 years (2021 to 2025), Oneok's capex has grown at a 45.8% compound annual growth rate (CAGR), from $697M to $3.15B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.