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Oneok OKE Natural Gas Pipelines — Cost of Revenue

Other segment segments

Refined Products and Crude Oil
$4.05B+121%
Natural Gas Liquids
$2.77B-19.9%
Natural Gas Gathering and Processing
$1.29B-11.2%

Similar metrics at other companies

Empire Petroleum logo
EPNatural Gas Pipelines — Revenues from customers
$3.3B+19.7%
Enterprise Products Partners logo
EPDNatural Gas Pipelines & Services — Cost of Sales
$754M-16.1%
Enterprise Products Partners logo
EPDNatural Gas Pipelines & Services — Variable operating costs and expenses
$18M-18.2%
Enbridge logo
ENBLiquids Pipelines — Cost Of Revenue
$12.62B+42.6%
Enterprise Products Partners logo
EPDNatural Gas Pipelines & Services — Revenue
$1.46B+0.4%
Enbridge logo
ENBGas Transmission — Cost Of Revenue
$19M+72.7%

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 pipelines — cost of revenue?
Oneok (OKE) reported natural gas pipelines — cost of revenue of $310M in Q1 2026.
How has Oneok's natural gas pipelines — cost of revenue changed year-over-year?
Oneok's natural gas pipelines — cost of revenue increased by 18.8% year-over-year, from $261M to $310M.
What is the long-term trend for Oneok's natural gas pipelines — cost of revenue?
Over 2 years (2023 to 2025), Oneok's natural gas pipelines — cost of revenue has grown at a 499.1% compound annual growth rate (CAGR), from $28M to $1.01B.
What does natural gas pipelines — cost of revenue mean?
Includes the direct costs associated with providing natural gas pipeline services, such as fuel consumption, power costs, and third-party transportation fees. Monitoring this helps evaluate the direct variable expenses required to maintain pipeline operations and service delivery.