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ONEOK Partners LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 3, 2017. Its latest SEC filing is a POSASR from Aug 6, 2025.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Provides natural gas gathering and processing, plus natural gas liquids transportation and storage, to producers and downstream customers.

How Did They Make Money?

Customers pay fees for gathering, processing, transportation and storage as services are provided; downstream buyers pay for processed gas, natural gas liquids and condensate when products are delivered.

FY2016 revenue

Who Were Their Customers?

Contracted oil and natural gas producers use its gathering and processing services, while downstream customers buy processed gas, natural gas liquids and condensate.

Did Revenues Turn Into Profits?

Yes. It kept 12 cents of every revenue dollar as net income in FY2016 and turned 10 cents into free cash flow.

Operating income, FY2016
15% of revenue
▲ +32% vs FY2015 ($998.1M, 13%)
Net income, FY2016
12% of revenue
▲ +81% vs FY2015 ($589.5M, 8%)
Free cash flow, FY2016
10% of revenue
▲ Now profitable vs FY2015 (−$114.1M, −1%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Mar 31, 2017
Revenue
▲ +55%
vs $1.8B in Q1 FY2016
Net income
▲ +6%
vs $253.5M in Q1 FY2016
  • Jul 3, 2017 ONEOK completed its acquisition of ONEOK Partners The partnership became ONEOK's wholly owned subsidiary, and its common units stopped trading on the NYSE.

Shrank. Revenue fell 12% in 4 years, from $10.2B in FY2012 to $8.9B in FY2016, about 3% a year.

Fee-based earnings The older report described the gathering and processing and natural gas liquids segments as earning from proceeds-based contracts and fees; the latest describes all three segments as predominantly fee-based.

NGL supply connections The latest report includes the Permian among the regions supplying its natural gas liquids system; the older report described connections from the Mid-Continent and Rocky Mountain regions.

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