ONEOK (OKE) Revenue — Quarter Ended Dec 31, 2023
Revenue for the period increased both sequentially and compared to the same period last year. This marked a reversal from earlier year-over-year declines.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the period increased both sequentially and compared to the same period last year. This marked a reversal from earlier year-over-year declines.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
+25.0%
Change from the immediately preceding quarter.
Year-over-year
+4.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.7B
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 |
|---|---|---|
| Mar 31, 2023 | $4.5B | -17.0% |
| Jun 30, 2023 | $3.7B | -37.8% |
| Sep 30, 2023 | $4.2B | -29.2% |
| Dec 31, 2023 | $5.2B | +4.0% |
Revenue performance
The company reported higher revenue than the preceding period, reflecting a strong finish to the fiscal year. Year-over-year revenue also grew, but at a more moderate pace.
Quarterly comparison
Sequentially, revenue rose from the immediately prior period. On a year-over-year basis, revenue also increased compared to the same period a year ago.
What to watch
The revenue trend improved after several periods of year-over-year declines, indicating possible stabilization in demand.