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Natural Gas Processed
Tracks the volumes of natural gas transported or processed by Oneok’s pipelines and plants. Reflects demand for transportation and processing services, the stability of fee-based revenue, and sensitivity to regional supply changes or weather-driven demand.Processed volumes stepped up materially beginning in 2025 and have held at a higher run‑rate into 2026 — a clear capacity-led inflection tied to recent relocations/expansions and stronger export demand. That volume lift underpins ONEOK’s higher 2026 guidance and supports future EBITDA upside, but near‑term margin and cash benefits remain tempered by heavy early hedging, regional basis differentials and seasonality; material free‑cash‑flow acceleration is still contingent on the next wave of project completions (mid‑2027) and normalization of pipeline differentials.
Date | Natural Gas Processed |
|---|---|
Jun 30, 2026 | 5.71K |
Mar 31, 2026 | 5.49K |
Dec 31, 2025 | 5.59K |
Sep 30, 2025 | 5.85K |
Jun 30, 2025 | 5.57K |
Mar 31, 2025 | 5.25K |
Dec 31, 2024 | 2.32K |
Sep 30, 2024 | 2.41K |
Jun 30, 2024 | 2.33K |
Mar 31, 2024 | 2.19K |