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Raw Feed Throughput
Measures the volume of raw liquids or feedstock processed through Oneok’s fractionation and processing systems. Higher throughput points to stronger demand and better utilization of fixed assets; sustained drops can pressure margins and signal weaker market activity.Throughput has stepped up to a structurally higher baseline since 2024–25, driven by Permian processing additions, fractionation capacity and stronger export contracting — the same operational momentum management cited when raising 2026 guidance. That volume growth supports the EBITDA/FCF upgrade, but an ethane‑heavy mix and expected narrowing of Permian differentials could compress per‑unit margins and limit near‑term cash conversion, so upside depends on NGL spreads and takeaway dynamics rather than volume alone.
Date | Raw Feed Throughput |
|---|---|
Jun 30, 2026 | 1.63K |
Mar 31, 2026 | 1.49K |
Dec 31, 2025 | 1.50K |
Sep 30, 2025 | 1.57K |
Jun 30, 2025 | 1.53K |
Mar 31, 2025 | 1.29K |
Dec 31, 2024 | 1.31K |
Sep 30, 2024 | 1.32K |
Jun 30, 2024 | 1.36K |
Mar 31, 2024 | 1.24K |