ONEOK (OKE) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared with the prior quarter and rose sharply versus the same quarter last year. The sequential growth continued a pattern of rising revenue seen in recent quarters.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared with the prior quarter and rose sharply versus the same quarter last year. The sequential growth continued a pattern of rising revenue seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5B
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+19.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.9B
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, 2023 | $5.2B | +4.0% |
| Mar 31, 2024 | $4.8B | +5.8% |
| Jun 30, 2024 | $4.9B | +31.1% |
| Sep 30, 2024 | $5B | +19.9% |
Revenue performance
Reported revenue moved higher from the immediately preceding quarter, marking a further sequential gain. On a year-over-year basis, revenue also showed a strong increase.
Quarterly comparison
Compared with the prior quarter, revenue improved, and the year-over-year comparison also reflected a substantial increase. The filing context notes a completed acquisition in the quarter, but no causal link to revenue is provided.
What to watch
The filing context mentions a completed acquisition in the quarter, which may affect future revenue trends.