ONEOK (XSWX:OKE) Total Operating Expense: CHF2,419 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:OKE ONEOK Inc XSWX:OKE
84 GF Score
Price CHF97.51
GF Value CHF118.12
! 8 Warning Signs
View Full Analysis

What is ONEOK Total Operating Expense?

ONEOK XSWX:OKE 84 Total Operating Expense is CHF2,419 Mil as of Jun. 2026. GuruFocus rates XSWX:OKE with a GF Score™ of 84/100 and a GF Value™ of CHF118.12. The stock has 8 warning signs investors should review.

ONEOK's Total Operating Expense for the three months ended in Jun. 2026 was CHF658 Mil. ONEOK's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was CHF2,419 Mil.

ONEOK Total Operating Expense Related Terms

ONEOK Total Operating Expense Historical Data

* Premium members only.

The historical data trend for ONEOK's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ONEOK Total Operating Expense Chart

ONEOK Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 980.87 972.59 647.74 1,953.50 2,326.95

ONEOK Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 574.12 577.97 591.30 592.05 657.82
XSWX:OKE
84GF Score
ONEOK Inc XSWX:OKE
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ONEOK Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2,419 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of CHF2,419 Mil mean?
ONEOK (XSWX:OKE) has a Total Operating Expense of CHF2,419 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on ONEOK and its competitors.
Is ONEOK's Total Operating Expense too high?
ONEOK's current Total Operating Expense is CHF2,419 Mil. Overall, ONEOK has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does ONEOK's Total Operating Expense compare to MPLX and LNG?
ONEOK's Total Operating Expense of CHF2,419 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for an Oil & Gas company?
A good Total Operating Expense depends on the Oil & Gas industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on ONEOK and its competitors. ONEOK's current Total Operating Expense is CHF2,419 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONEOK stock overvalued right now?
ONEOK (XSWX:OKE) has a current Total Operating Expense of CHF2,419 Mil. The stock's GF Value™ is CHF118.12, compared to a current price of CHF97.51 — trading 17.4% below its estimated fair value. The current Total Operating Expense is CHF2,419 Mil. ONEOK's overall GF Score™ is 84/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For ONEOK (XSWX:OKE), the current Total Operating Expense is CHF2,419 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ONEOK (XSWX:OKE) Overvalued in 2026?

Based on GuruFocus' analysis, ONEOK stock appears to be undervalued. The current stock price of CHF97.51 is trading 17.4% below its estimated GF Value™ of CHF118.12.

Key valuation signals for XSWX:OKE:

  • Total Operating Expense: CHF2,419 Mil
  • GF Value™: CHF118.12 vs. price of CHF97.51 (17.4% below fair value)
  • GF Score™: 84/100 with 8 warning signs

No single metric tells the full story. See the XSWX:OKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ONEOK Business Description

Industry EnergyOil & Gas
Address 100 West Fifth Street, Tulsa, OK, USA, 74103
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
84GF Score

Get the complete analysis for XSWX:OKE

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF97.51
Price
CHF118.12
GF Value