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Oneok OKE Natural Gas Liquids — Total revenues (Note J)

Other segment segments

Refined Products and Crude Oil
$4.72B+91.1%
Natural Gas Gathering and Processing
$2B-9.1%
Natural Gas Pipelines
$527M+73.9%

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REPXNGL sales, net — Total Revenues
-$4.73M-307%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — total revenues (note j)?
Oneok (OKE) reported natural gas liquids — total revenues (note j) of $3.65B in Q1 2026.
How has Oneok's natural gas liquids — total revenues (note j) changed year-over-year?
Oneok's natural gas liquids — total revenues (note j) decreased by 14.6% year-over-year, from $4.27B to $3.65B.
What is the long-term trend for Oneok's natural gas liquids — total revenues (note j)?
Over 4 years (2021 to 2025), Oneok's natural gas liquids — total revenues (note j) has grown at a 2.7% compound annual growth rate (CAGR), from $14.39B to $16.01B.
What does natural gas liquids — total revenues (note j) mean?
This metric represents the total gross revenue generated by the Natural Gas Liquids business segment from the sale of NGL products and related services. It reflects the top-line performance of the segment before accounting for cost of goods sold or operating expenses. This figure is a primary indicator of market demand and pricing power for the company's NGL operations.