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Oneok OKE Natural Gas Pipelines — CapEx

Other segment segments

Natural Gas Gathering and Processing
$317M+31.5%
Natural Gas Liquids
$310M+81.3%
Refined Products and Crude Oil
$180M+27.7%

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EPNatural Gas Pipelines — Investments
$7.08B-2.8%

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 pipelines — capex?
Oneok (OKE) reported natural gas pipelines — capex of $46M in Q1 2026.
How has Oneok's natural gas pipelines — capex changed year-over-year?
Oneok's natural gas pipelines — capex decreased by 25.8% year-over-year, from $62M to $46M.
What is the long-term trend for Oneok's natural gas pipelines — capex?
Over 4 years (2021 to 2025), Oneok's natural gas pipelines — capex has grown at a 26.3% compound annual growth rate (CAGR), from $93M to $237M.
What does natural gas pipelines — capex mean?
This metric represents the total cash outflows dedicated to the acquisition, construction, and maintenance of long-lived assets within the natural gas pipeline segment. It encompasses investments in interstate transmission infrastructure, compression facilities, and system expansion projects designed to increase throughput capacity or ensure regulatory compliance. These expenditures are critical for sustaining long-term operational reliability and capturing growth opportunities within the midstream energy sector.