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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 shows a clear step-up beginning mid‑2025 that’s held into early‑2026, signaling capacity ramps and stronger export/commercial demand are driving a materially higher volume baseline. Management’s raised guidance and project timeline (additional capacity through 2026 with free‑cash‑flow benefits expected by mid‑2027) suggest this is structural rather than seasonal. Caveats: heavy early hedging and the likely normalization of regional basis differentials could compress realized margins even as volumes stay elevated.
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 |