In the Q2, Oneok Inc 's corporate clients experienced a fall by -25.98 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -32.62 %. During the corresponding time, Oneok Inc recorded a revenue increase by 52.77 % year on year, sequentially revenue grew by 25.28 %. While revenue at the Oneok Inc 's corporate clients recorded rose by 20.91 % year on year, sequentially revenue grew by 14.61 %.
Customers of Oneok Inc saw their costs of revenue fall by -25.98 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -32.62 %, for the same period Oneok Inc recorded revenue increase by 52.77 % year on year, sequentially revenue grew by 25.28 %.
Oneok Inc's Comment on Sales, Marketing and Customers
The company serves a diverse customer base across its business segments. The Natural Gas Gathering and Processing, Natural Gas Liquids, and Refined Products and Crude segments generate fees from major and independent crude oil and natural gas producers. The Natural Gas Liquids segment also serves other natural gas liquids and natural gas gathering and processing companies. Customers for downstream commodity sales include petrochemical, refining and marketing companies, utilities, large industrial companies, natural gasoline distributors, propane distributors, exporters, and municipalities. The Refined Products and Crude segment's customers additionally include crude oil producers, refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives. End markets for Refined Products deliveries primarily consist of retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. The Natural Gas Pipeline segment mainly serves local distribution companies, electric-generation facilities, large industrial companies, municipalities, producers, processors, and marketing companies. Utility customers typically require services regardless of commodity price fluctuations.
Oneok Inc’s Comment on Sales, Marketing and Customers
The company serves a diverse customer base across its business segments. The Natural Gas Gathering and Processing, Natural Gas Liquids, and Refined Products and Crude segments generate fees from major and independent crude oil and natural gas producers. The Natural Gas Liquids segment also serves other natural gas liquids and natural gas gathering and processing companies. Customers for downstream commodity sales include petrochemical, refining and marketing companies, utilities, large industrial companies, natural gasoline distributors, propane distributors, exporters, and municipalities. The Refined Products and Crude segment's customers additionally include crude oil producers, refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives. End markets for Refined Products deliveries primarily consist of retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. The Natural Gas Pipeline segment mainly serves local distribution companies, electric-generation facilities, large industrial companies, municipalities, producers, processors, and marketing companies. Utility customers typically require services regardless of commodity price fluctuations.
Sources:
Oneok Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Oneok Inc’s corporate clients.
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