Oneok Commodity sales — Total revenues (Note J) increased by 7.9% to $8.45B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.2%, from $6.91B to $8.45B. Over 4 years (FY 2021 to FY 2025), Commodity sales — Total revenues (Note J) shows an upward trend with a 17.4% CAGR.
An increase typically signals higher commodity prices or increased sales volumes, while a decrease may indicate lower market prices or reduced trading activity. Because this is a gross revenue figure, it is highly sensitive to market price volatility rather than just operational performance.
This metric represents the total gross revenue generated from the direct sale of natural gas, natural gas liquids, and o...
Comparable to 'Marketing and Trading' or 'Commodity Sales' revenue lines in other midstream energy companies that engage in physical commodity marketing.
oke_segment_commodity_sales_total_revenues_note_j| 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 | $3.07B | $4.20B | $5.06B | $5.11B | $5.65B | $5.56B | $4.66B | $4.16B | $3.37B | $3.76B | $4.33B | $3.93B | $3.99B | $4.08B | $5.78B | $6.91B | $6.73B | $7.42B | $7.82B | $8.45B |
| QoQ Change | — | +36.8% | +20.4% | +0.8% | +10.7% | -1.5% | -16.3% | -10.7% | -18.9% | +11.5% | +15.1% | -9.2% | +1.7% | +2.2% | +41.4% | +19.7% | -2.7% | +10.3% | +5.5% | +7.9% |
| YoY Change | — | — | — | — | +83.8% | +32.3% | -8.1% | -18.6% | -40.3% | -32.4% | -7.1% | -5.5% | +18.5% | +8.6% | +33.5% | +76.0% | +68.4% | +81.6% | +35.5% | +22.2% |