Capital Expenditures for ONEOK (OKE)
According to ONEOK's latest reported financial statements, the company's current capital expenditures (TTM) is $3.15B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
OKE
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.15B
YoY change
+56.0%
5Y CAGR
+7.5%
Peak year (2019)
$3.85B
Cumulative capital expenditures
$32.84B
CapEx history chart for ONEOK (OKE) from 1994 to 2025
CapEx history table for ONEOK (OKE) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.15B | +56.0% | ||
| 2024 | $2.02B | +26.7% | ||
| 2023 | $1.59B | +32.7% | ||
| 2022 | $1.20B | +72.5% | ||
| 2021 | $696.85M | -68.3% | ||
| 2020 | $2.20B | -43.0% | ||
| 2019 | $3.85B | +79.7% | ||
| 2018 | $2.14B | +317.9% | ||
| 2017 | $512.39M | -18.0% | ||
| 2016 | $624.63M | -47.4% | ||
| 2015 | $1.19B | -33.2% | ||
| 2014 | $1.78B | -21.2% | ||
| 2013 | $2.26B | +20.9% | ||
| 2012 | $1.87B | +39.7% | ||
| 2011 | $1.34B | +129.3% | ||
| 2010 | $582.75M | -26.4% | ||
| 2009 | $791.25M | -46.3% | ||
| 2008 | $1.47B | +66.7% | ||
| 2007 | $883.70M | +134.8% | ||
| 2006 | $376.31M | +50.2% | ||
| 2005 | $250.49M | -5.2% | ||
| 2004 | $264.11M | +22.8% | ||
| 2003 | $215.15M | +2.1% | ||
| 2002 | $210.65M | -38.3% | ||
| 2001 | $341.57M | +9.7% | ||
| 2000 | $311.40M | +237.9% | ||
| 1999 | $92.17M | -69.4% | ||
| 1998 | $301.51M | +233.2% | ||
| 1997 | $90.50M | +1.0% | ||
| 1996 | $89.60M | +10.6% | ||
| 1995 | $81.00M | +9.6% | ||
| 1994 | $73.90M | — |
CapEx values are taken from ONEOK's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, ONEOK (OKE) capital expenditures totalled $3.15B – surged 56.0% year-over-year.
Through 2020–2025 (5 years), ONEOK capital expenditures delivered a +7.5% annualised rate; sustaining 4 straight years of year-over-year growth.
Between 2019 and 2025, ONEOK capital expenditures declined 18.1%, falling from $3.85B to $3.15B.
The highest annual capital expenditures of $3.85B was reported in 2019. The lowest in the available history was $73.90M in 1994.
Within Energy, ONEOK (OKE) ranks 6th among 8 peers we track. The peer median for capital expenditures is $5.50B.
ONEOK Capital Expenditures by Year
ONEOK Capital Expenditures 2025: $3.15B
ONEOK capital expenditures in 2025 was $3.15B, surged 56.0% from 2024.
ONEOK Capital Expenditures 2024: $2.02B
ONEOK capital expenditures in 2024 was $2.02B, grew 26.7% from 2023.
ONEOK Capital Expenditures 2023: $1.59B
ONEOK capital expenditures in 2023 was $1.59B, surged 32.7% from 2022.
ONEOK Capital Expenditures 2022: $1.20B
ONEOK capital expenditures in 2022 was $1.20B, surged 72.5% from 2021.
ONEOK Capital Expenditures 2021: $696.85M
ONEOK capital expenditures in 2021 was $696.85M.
See more financial history for ONEOK (OKE).
Sector peers — CapEx
Companies in the same sector as ONEOK, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is ONEOK's capital expenditures?
- Latest reported capital expenditures for ONEOK (OKE) is $3.15B (period ending December 31, 2025).
How has ONEOK capital expenditures changed year-over-year?
- ONEOK (OKE) capital expenditures changed +56.0% year-over-year on the latest annual filing.
What is the long-term growth rate of ONEOK capital expenditures?
- ONEOK (OKE) capital expenditures compound annual growth rate is +7.5% over the most recent 5 years available.
When did ONEOK capital expenditures hit its highest annual value?
- ONEOK capital expenditures reached its highest annual value of $3.85B in 2019.
What was ONEOK capital expenditures in 2024?
- ONEOK (OKE) capital expenditures in 2024 was $2.02B.
What was ONEOK capital expenditures in 2025?
- ONEOK (OKE) capital expenditures in 2025 was $3.15B.
Metrics overview
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