ONEOK (OKE) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue declined.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+12.2%
Change from the immediately preceding quarter.
Year-over-year
-29.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.5B
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 |
|---|---|---|
| Dec 31, 2022 | $5B | -7.2% |
| Mar 31, 2023 | $4.5B | -17.0% |
| Jun 30, 2023 | $3.7B | -37.8% |
| Sep 30, 2023 | $4.2B | -29.2% |
Revenue performance
Reported revenue rose compared with the prior quarter, reversing the declining trend seen in earlier periods. The sequential growth marks a change from the previous quarter's level.
Quarterly comparison
When compared with the immediately preceding quarter, revenue showed a positive direction. In contrast, revenue was lower than the same quarter one year earlier.
What to watch
The filing notes a recently completed acquisition that may affect future revenue trends.