Oneok (OKE) reported D&A of $378M in Q1 2026.

How has Oneok's D&A changed year-over-year?

Oneok's D&A decreased by 0.5% year-over-year, from $380M to $378M.

What is the long-term trend for Oneok's D&A?

Over 4 years (2021 to 2025), Oneok's D&A has grown at a 24.9% compound annual growth rate (CAGR), from $622M to $1.51B.

Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

Oneok OKE D&A

D&A at other companies

Atmos EnergyATO

$195.69M+7.1%

Energy TransferET

$1.58B+15.8%

TRG

Targa ResourcesTRGP

$426M+15.9%

HES

Hess MidstreamHESM

$58.5M+13.6%

EOG ResourcesEOG

$1.19B+17.8%

Kinder MorganKMI

——

Segments

By segment

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Natural Gas Gathering and Processing$135M+7.1%

Refined Products and Crude Oil$109M-6.0%

Natural Gas Liquids$107M-5.3%

Natural Gas Pipelines$25M-19.4%

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

See full

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

See full

Operating cash flow$934.0M+3.3%

CapEx$864.0M+37.4%

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

See full

Gross margin29.6%-6.0pp

Operating margin16.9%-3.7pp

Net margin10%-2.1pp

FCF margin6.4%-5.9pp

Returns & leverage

See full

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:DepreciationDepletionAndAmortization.

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 D&A?: Oneok (OKE) reported D&A of $378M in Q1 2026.
How has Oneok's D&A changed year-over-year?: Oneok's D&A decreased by 0.5% year-over-year, from $380M to $378M.
What is the long-term trend for Oneok's D&A?: Over 4 years (2021 to 2025), Oneok's D&A has grown at a 24.9% compound annual growth rate (CAGR), from $622M to $1.51B.
What does D&A mean?: Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.