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Oneok OKE Natural Gas Gathering and Processing — CapEx

Other segment segments

Natural Gas Liquids
$310M+81.3%
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$180M+27.7%
Natural Gas Pipelines
$46M-25.8%

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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%
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

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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:SegmentExpenditureAdditionToLongLivedAssets.

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 natural gas gathering and processing — capex?
Oneok (OKE) reported natural gas gathering and processing — capex of $317M in Q1 2026.
How has Oneok's natural gas gathering and processing — capex changed year-over-year?
Oneok's natural gas gathering and processing — capex increased by 31.5% year-over-year, from $241M to $317M.
What is the long-term trend for Oneok's natural gas gathering and processing — capex?
Over 4 years (2021 to 2025), Oneok's natural gas gathering and processing — capex has grown at a 47.8% compound annual growth rate (CAGR), from $275M to $1.31B.
What does natural gas gathering and processing — capex mean?
This metric represents the total cash outflows for capital investments specifically allocated to the natural gas gathering and processing business segment. It encompasses expenditures for the construction, expansion, and maintenance of gathering pipelines, compression facilities, and processing plants required to move raw natural gas from wellheads to market-ready states. These investments are critical for sustaining throughput volumes and capturing new production growth in the company's operating regions.