Oneok Natural Gas Gathering and Processing — CapEx decreased by 26.3% to $317.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 31.5%, from $241.00M to $317.00M. Over 4 years (FY 2021 to FY 2025), Natural Gas Gathering and Processing — CapEx shows an upward trend with a 47.8% CAGR.
An increase typically signals aggressive expansion or significant maintenance requirements to support future volume growth, while a decrease may indicate a shift toward capital discipline or the completion of major infrastructure projects.
This metric represents the total cash outflows for capital investments specifically allocated to the natural gas gatheri...
Peers in the midstream energy sector report similar segment-specific capital expenditures, often categorized as growth or maintenance capex, allowing for benchmarking of infrastructure investment intensity relative to throughput capacity.
oke_segment_natural_gas_gathering_and_processing_capital_expenditures| 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 | $68.75M | $68.75M | $68.75M | $111.25M | $111.25M | $111.25M | $111.25M | $98.00M | $84.00M | $126.00M | $140.00M | $116.00M | $101.00M | $102.00M | $173.00M | $241.00M | $341.00M | $302.00M | $430.00M | $317.00M |
| QoQ Change | — | +0.0% | +0.0% | +61.8% | +0.0% | +0.0% | +0.0% | -11.9% | -14.3% | +50.0% | +11.1% | -17.1% | -12.9% | +1.0% | +69.6% | +39.3% | +41.5% | -11.4% | +42.4% | -26.3% |
| YoY Change | — | — | — | — | +61.8% | +61.8% | +61.8% | -11.9% | -24.5% | +13.3% | +25.8% | +18.4% | +20.2% | -19.0% | +23.6% | +107.8% | +237.6% | +196.1% | +148.6% | +31.5% |