ONEOK (OKE) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the first quarter. The decrease was seen both from the prior quarter and from the same period last year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the first quarter. The decrease was seen both from the prior quarter and from the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
-10.2%
Change from the immediately preceding quarter.
Year-over-year
-17.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6B | +76.9% |
| Sep 30, 2022 | $5.9B | +30.4% |
| Dec 31, 2022 | $5B | -7.2% |
| Mar 31, 2023 | $4.5B | -17.0% |
Revenue performance
The company reported lower revenue for the quarter, reflecting a downward trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was down, and it was also lower than the revenue from the same quarter one year earlier.
What to watch
The company anticipates that upcoming facility completions later this year will provide a benefit.