Natural Gas Liquids — Direct Operating Costs
Oneok Natural Gas Liquids — Direct Operating Costs decreased by 3.7% to $208.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.0%, from $210.00M to $208.00M. Over 4 years (FY 2021 to FY 2025), Natural Gas Liquids — Direct Operating Costs shows an upward trend with a 12.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may signal rising maintenance requirements or inflationary pressures, while a decrease indicates improved operational efficiency or cost-cutting measures.
Detailed definition
This metric represents the recurring operational expenses required to run the Natural Gas Liquids segment's facilities,...
Peer comparison
Comparable to Operating and Maintenance (O&M) expenses in midstream energy peer reports.
oke_segment_natural_gas_liquids_direct_operating_costsHistorical Data
| 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 | $128.83M | $128.81M | $146.07M | $128.86M | $143.04M | $144.59M | $159.30M | $152.00M | $161.00M | $168.00M | $185.00M | $181.00M | $181.00M | $183.00M | $217.00M | $210.00M | $203.00M | $202.00M | $216.00M | $208.00M |
| QoQ Change | — | -0.0% | +13.4% | -11.8% | +11.0% | +1.1% | +10.2% | -4.6% | +5.9% | +4.3% | +10.1% | -2.2% | +0.0% | +1.1% | +18.6% | -3.2% | -3.3% | -0.5% | +6.9% | -3.7% |
| YoY Change | — | — | — | — | +11.0% | +12.2% | +9.1% | +18.0% | +12.6% | +16.2% | +16.1% | +19.1% | +12.4% | +8.9% | +17.3% | +16.0% | +12.2% | +10.4% | -0.5% | -1.0% |
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Frequently Asked Questions
- What is Oneok's natural gas liquids — direct operating costs?
- Oneok (OKE) reported natural gas liquids — direct operating costs of $208.00M in Q1 2026.
- How has Oneok's natural gas liquids — direct operating costs changed year-over-year?
- Oneok's natural gas liquids — direct operating costs decreased by 1.0% year-over-year, from $210.00M to $208.00M.
- What is the long-term trend for Oneok's natural gas liquids — direct operating costs?
- Over 4 years (2021 to 2025), Oneok's natural gas liquids — direct operating costs has grown at a 12.0% compound annual growth rate (CAGR), from $528.08M to $831.00M.
- What does natural gas liquids — direct operating costs mean?
- The day-to-day operating expenses required to maintain and run the Natural Gas Liquids segment's infrastructure.