What is Oneok's total cost of revenue?

Oneok (OKE) reported total cost of revenue of $7.05B in Q1 2026.

How has Oneok's total cost of revenue changed year-over-year?

Oneok's total cost of revenue increased by 24.7% year-over-year, from $5.66B to $7.05B.

What is the long-term trend for Oneok's total cost of revenue?

Over 4 years (2021 to 2025), Oneok's total cost of revenue has grown at a 17.5% compound annual growth rate (CAGR), from $12.26B to $23.37B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Oneok OKE Total Cost of Revenue

Total Cost of Revenue at other companies

Energy TransferET

$21.15B+35.8%

TRG

Targa ResourcesTRGP

$2.39B-26.5%

Northern Oil and GasNOG

$129.75M+13.8%

OGS

ONE GASOGS

$393.58M-23.2%

National Fuel GasNFG

$207.85M+53.6%

Kinder MorganKMI

——

Segments

By segment

See full

Refined Products and Crude Oil$4.05B+121%

Natural Gas Liquids$2.77B-19.9%

Natural Gas Gathering and Processing$1.29B-11.2%

Natural Gas Pipelines$270M+187%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$934.0M+3.3%

CapEx$864.0M+37.4%

Free cash flow$70.0M-74.5%

Valuation

See full

Market cap$56.4B+9.6%

Enterprise value$88.64B+9.0%

P/E16×-1.0×

P/S1.6×-0.5×

Profitability

See full

Gross margin29.6%-6.0pp

Operating margin16.9%-3.7pp

Net margin10%-2.1pp

FCF margin6.4%-5.9pp

Returns & leverage

See full

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 total cost of revenue?: Oneok (OKE) reported total cost of revenue of $7.05B in Q1 2026.
How has Oneok's total cost of revenue changed year-over-year?: Oneok's total cost of revenue increased by 24.7% year-over-year, from $5.66B to $7.05B.
What is the long-term trend for Oneok's total cost of revenue?: Over 4 years (2021 to 2025), Oneok's total cost of revenue has grown at a 17.5% compound annual growth rate (CAGR), from $12.26B to $23.37B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.