ONEOK (OKE) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year, reaching the highest level of the fiscal year. The sequential growth was particularly pronounced.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year, reaching the highest level of the fiscal year. The sequential growth was particularly pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
+39.4%
Change from the immediately preceding quarter.
Year-over-year
+33.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.7B
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, 2024 | $4.8B | +5.8% |
| Jun 30, 2024 | $4.9B | +31.1% |
| Sep 30, 2024 | $5B | +19.9% |
| Dec 31, 2024 | $7B | +33.7% |
Revenue performance
The reported revenue reflects a strong finish to the fiscal year, with the quarter's revenue exceeding that of each preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose substantially. Versus the same quarter one year earlier, revenue also posted a solid increase.
What to watch
The significant sequential increase warrants attention to whether revenue can sustain at this elevated level in subsequent quarters.