Oneok, Inc. (OKE) Revenue by Segment

Oneok revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Oneok's largest business segment was Refined Products and Crude Oil, with $7.13 billion or 51% of revenue, up 145.3% from a year earlier. Next: Natural Gas Liquids (33%), Natural Gas Gathering and Processing (13%) and Wholly Owned Interstate Natural Gas Pipelines (3%).

By product or service, Liquids Commodity brought in 86%, Transportation and Storage Revenue brought in 7% and Residue Natural Gas Sales brought in 4% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Refined Products and Crude Oil (+145.3%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Oneok, Inc.

OKEEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Natural Gas LiquidsNatural Gas Gathering and ProcessingRefined Products and Crude OilTotalWholly Owned Interstate Natural Gas PipelinesNatural Gas Pipelines

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Refined Products and Crude Oil	USD 7.13B	50.8%	+145.3%
Natural Gas Liquids	USD 4.59B	32.7%	+18.7%
Natural Gas Gathering and Processing	USD 1.88B	13.4%	+1.6%
Wholly Owned Interstate Natural Gas Pipelines	USD 449.00M	3.2%	+10.9%
Eliminations and reconciling itemsi	-USD 2.00B		–

Sum of items USD 14.05B; corporate items and eliminations -USD 2.00B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Natural Gas Liquids	4.6B	3.6B	4.0B	3.9B	3.9B	4.3B	4.5B	3.7B	3.5B	3.4B	–	3.6B	3.3B	3.7B	4.2B	4.9B	5.2B	4.7B	4.8B	4.0B	3.0B	2.6B	2.2B	1.8B	1.3B	1.8B	2.2B	1.9B	2.1B	2.3B	2.6B	–	–	–	–	–
Natural Gas Gathering and Processing	1.9B	2.0B	1.8B	1.8B	1.8B	2.2B	1.8B	905.0M	846.0M	1.0B	–	965.0M	809.0M	1.3B	1.3B	1.9B	1.7B	1.6B	1.5B	1.2B	863.5M	839.7M	610.9M	459.4M	299.8M	450.0M	615.6M	476.2M	582.2M	694.7M	834.4M	–	–	–	–	–
Refined Products and Crude Oil	7.1B	4.7B	4.0B	3.6B	2.9B	2.5B	1.6B	963.0M	1.0B	844.0M	–	72.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.9B	3.4B	3.5B	–	3.4B
Wholly Owned Interstate Natural Gas Pipelines	449.0M	626.0M	527.0M	450.0M	405.0M	464.0M	303.0M	171.0M	163.0M	185.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Natural Gas Pipelines	–	–	–	–	–	–	–	–	–	–	–	146.0M	146.0M	171.0M	160.4M	136.9M	132.0M	149.0M	125.2M	120.5M	112.4M	248.8M	119.8M	117.3M	122.1M	120.8M	116.5M	121.5M	117.5M	116.4M	116.8M	–	–	–	–	–

Oneok revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Refined Products and Crude Oil	$7.1B	$4.7B	$3.6B	$2.9B	51%
Natural Gas Liquids	$4.6B	$3.6B	$3.9B	$3.9B	33%
Natural Gas Gathering and Processing	$1.9B	$2.0B	$1.8B	$1.8B	13%
Wholly Owned Interstate Natural Gas Pipelines	$449.0M	$626.0M	$450.0M	$405.0M	3%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Oneok revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Liquids Commodity	$10.4B	$7.3B	$6.7B	$7.2B	86%
Transportation and Storage Revenue	$816.0M	$788.0M	$775.0M	$746.0M	7%
Residue Natural Gas Sales	$438.0M	$1.1B	$751.0M	$705.0M	4%
Exchange Services and Natural Gas Gathering and Processing Revenue	$376.0M	$343.0M	$406.0M	$383.0M	3%
Other	$43.0M	$42.0M	$37.0M	$42.0M	under 1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Oneok's business segments?

Refined Products and Crude Oil, Natural Gas Liquids, Natural Gas Gathering and Processing and Wholly Owned Interstate Natural Gas Pipelines (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Oneok?

Refined Products and Crude Oil: $7.13 billion, or 51% of revenue, in Q2 fiscal 2026.

What are Oneok's main products and services?

By revenue in Q2 fiscal 2026: Liquids Commodity (86%), Transportation and Storage Revenue (7%), Residue Natural Gas Sales (4%) and Exchange Services and Natural Gas Gathering and Processing Revenue (3%).

MoreOneok stock overview Oneok financials Oneok executive team Oneok shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.