Oneok OKE Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total revenues (Note J) by Business | |||||
| Natural Gas Gathering and Processing | $7.68B+67.4% | $4.59B+13.1% | $4.06B-37.9% | $6.53B+46.4% | |
| Natural Gas Liquids | $16.01B+5.6% | $15.17B+5.1% | $14.43B-24.3% | $19.07B+32.5% | |
| Natural Gas Pipelines | $1.85B+125% | $822M+31.9% | $623M+7.6% | $579M— | |
| Refined Products and Crude Oil | $13.04B+192% | $4.46B— | —— | —— | |
| Cost of Revenue by Business | |||||
| Natural Gas Gathering and Processing | $4.62B+77.6% | $2.6B+10.0% | $2.36B-53.8% | $5.12B+58.6% | |
| Natural Gas Liquids | $12.53B+4.5% | $11.99B+3.5% | $11.59B-29.9% | $16.55B+38.6% | |
| Natural Gas Pipelines | $1.01B+797% | $112M+300% | $28M— | —— | |
| Refined Products and Crude Oil | $10.17B+422% | $1.95B— | —— | —— | |
| Segment adjusted EBITDA by Business | |||||
| Natural Gas Gathering and Processing | $2.14B+44.1% | $1.48B+19.3% | $1.24B+20.0% | $1.04B+16.6% | |
| Natural Gas Liquids | $2.78B+9.3% | $2.54B-16.5% | $3.05B+45.3% | $2.1B+6.7% | |
| Natural Gas Pipelines | $861M-4.3% | $900M+61.0% | $559M+14.5% | $488M— | |
| Refined Products and Crude Oil | $2.18B+15.1% | $1.89B— | —— | —— | |
| Noncash compensation expense and other by Business | |||||
| Natural Gas Gathering and Processing | $54M+170% | $20M+17.6% | $17M0.0% | $17M0.0% | |
| Natural Gas Liquids | $32M-13.5% | $37M+42.3% | $26M-3.7% | $27M+42.1% | |
| Natural Gas Pipelines | $7M-12.5% | $8M— | —— | $7.49M+49.7% | |
| Refined Products and Crude Oil | $49M+104% | $24M— | —— | —— | |
| Adjusted EBITDA from unconsolidated affiliates by Business | |||||
| Natural Gas Gathering and Processing | $5M+66.7% | $3M— | —— | —— | |
| Natural Gas Liquids | $101M+6.3% | $95M+41.8% | $67M— | —— | |
| Natural Gas Pipelines | $244M+30.5% | $187M+16.9% | $160M— | —— | |
| Refined Products and Crude Oil | $166M-32.8% | $247M— | —— | —— | |
| Equity in net earnings from investments by Business | |||||
| Natural Gas Gathering and Processing | $3M— | $0+100% | -$2M-140% | $5M+25.0% | |
| Natural Gas Liquids | $91M+7.1% | $85M+46.6% | $58M+65.7% | $35M+66.7% | |
| Natural Gas Pipelines | $170M+18.9% | $143M+21.2% | $118M+9.3% | $108M— | |
| Refined Products and Crude Oil | $122M-42.2% | $211M— | —— | —— | |
| D&A by Business | |||||
| Natural Gas Gathering and Processing | $501M+54.2% | $325M+19.5% | $272M+5.8% | $257M-1.2% | |
| Natural Gas Liquids | $468M+29.6% | $361M+8.1% | $334M+10.6% | $302M+1.0% | |
| Natural Gas Pipelines | $98M+11.4% | $88M+31.3% | $67M+8.1% | $62M— | |
| Refined Products and Crude Oil | $438M+23.7% | $354M— | —— | —— | |
| CapEx by Business | |||||
| Natural Gas Gathering and Processing | $1.31B+167% | $492M+9.8% | $448M+0.7% | $445M+61.8% | |
| Natural Gas Liquids | $758M-23.2% | $987M+20.7% | $818M+40.8% | $581M+89.3% | |
| Natural Gas Pipelines | $237M-8.1% | $258M+13.2% | $228M+85.4% | $123M+32.3% | |
| Refined Products and Crude Oil | $752M+248% | $216M— | —— | —— | |
| Investments in unconsolidated affiliates by Business | |||||
| Natural Gas Gathering and Processing | $156M+31.1% | $119M+15.5% | $103M-7.2% | $111M+10.1% | |
| Natural Gas Liquids | $2.32B+34.0% | $1.73B+4.2% | $1.66B+0.2% | $1.66B-1.0% | |
| Natural Gas Pipelines | $3.44B+48.4% | $2.32B— | —— | —— | |
| Refined Products and Crude Oil | $4.57B+16.3% | $3.93B— | —— | —— | |
| Direct Operating Costs by Business | |||||
| Natural Gas Gathering and Processing | $988M+63.8% | $603M+29.1% | $467M+15.9% | $403M+9.8% | |
| Natural Gas Liquids | $831M+9.1% | $762M+14.4% | $666M+15.6% | $576M+9.1% | |
| Natural Gas Pipelines | $231M-0.9% | $233M+15.3% | $202M+11.6% | $181M+6.5% | |
| Refined Products and Crude Oil | $906M+2.0% | $888M— | —— | —— | |
| Goodwill, Measurement Period Adjustment by Business | |||||
| Natural Gas Gathering and Processing | $8M— | $0— | —— | —— | |
| Natural Gas Liquids | -$45M— | $0— | —— | —— | |
| Natural Gas Pipelines | $2M— | $0— | —— | —— | |
| Refined Products and Crude | $4M-97.6% | $165M— | —— | —— | |
| Total revenues (Note J) by Product | |||||
| Exchange services and natural gas gathering and processing revenue | $1.39B+83.3% | $760M— | —— | —— | |
| Liquids commodity sales | $30.41B+54.1% | $19.74B+18.6% | $16.65B— | —— | |
| Other revenue | $166M+5.1% | $158M— | —— | $32M-49.2% | |
| Residue natural gas sales | $3.37B+152% | $1.34B-6.8% | $1.44B-47.0% | $2.71B+69.7% | |
| Transportation and storage revenue | $3.24B+6.5% | $3.04B+130% | $1.32B+84.8% | $715M+6.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Oneok break its business down?
- Oneok (OKE) reports total revenues (note j) by business across 4 parts — Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines and Refined Products and Crude Oil. Each is extracted from the segment footnotes and tracked over time.
- Where does Oneok's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Oneok's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
