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Oneok OKE Natural Gas Liquids — Cost of Revenue

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$1.29B-11.2%
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GPORNatural gas liquid sales — Revenue
$31.48M+2.1%

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:CostOfRevenue.

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 liquids — cost of revenue?
Oneok (OKE) reported natural gas liquids — cost of revenue of $2.77B in Q1 2026.
How has Oneok's natural gas liquids — cost of revenue changed year-over-year?
Oneok's natural gas liquids — cost of revenue decreased by 19.9% year-over-year, from $3.46B to $2.77B.
What is the long-term trend for Oneok's natural gas liquids — cost of revenue?
Over 4 years (2021 to 2025), Oneok's natural gas liquids — cost of revenue has grown at a 1.2% compound annual growth rate (CAGR), from $11.94B to $12.53B.
What does natural gas liquids — cost of revenue mean?
This metric captures the direct costs associated with the production, purchase, and transportation of natural gas liquids sold by the segment. It includes commodity purchase costs and other variable expenses directly tied to generating segment revenue. Monitoring this helps assess the segment's direct margin efficiency.