Skip to main content
Oneok10-K: Capacity constraint

NGL fractionators running at 94% utilization, indicating significant operational pressure

What happened

The company's Natural Gas Liquids fractionators operated at 94% of their 1.2 MMBbl/d capacity in 2025, signaling they are nearing their operational limits. This pressure justifies major capital projects and creates a need for efficiency, automation, and debottlenecking solutions to maximize throughput.

Source

SEC EDGARFeb 24, 2026

Annual report (Form 10-K)

Oneok 10-K for FY2025

Filing excerpt

NGL fractionators with combined operating capacity of 1.2 MMBbl/d (includes interests in our proportional share of operating capacity), including 310 MBbl/d in the Mid-Continent region and 890 MBbl/d in the Gulf Coast region, which were 94% and 92% utilized in 2025 and 2024, respectively;

sec.gov/Archives/edgar/data/1039684/000103968426000006/oke-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Capacity constraint

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 24, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Numbers

Percent
94% (Utilization rate of NGL fractionators in 2025)

Details

CIK
1039684
Accession number
0001039684-26-000006
Timeframe
Current year
Filing year
2026
Why it matters
Scaling solutions needed
Signal category
Operations

Topics and mentions

Regions named

  • Mid-Continent
  • Gulf Coast

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Mar 3, 2026
signal_type
sec-10k
signal_subtype
capacityConstraint

Use this data

Get every 10-K signal for Oneok and the companies you sell to, in the tools you already use.

  1. Ask Claude about it

    Connect Autobound to Claude, Claude Code or Cursor with MCP. Then ask: “What changed at Oneok this week?”

  2. Send it to your own tools

    The Signal API returns 10-K signals for any list of companies as JSON, for your CRM, warehouse or app.

  3. Try it free

    Sign up and spend your free credits on the companies you sell to.

    Start Free1,000 free credits

The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/009d9e87-e944-4e06-87fa-59bfcbbaa1d3 returns this record as JSON. POST /v1/companies/enrich returns every signal for oneok.com.

{
  "signal_id": "009d9e87-e944-4e06-87fa-59bfcbbaa1d3",
  "signal_type": "sec-10k",
  "signal_subtype": "capacityConstraint",
  "detected_at": "2026-03-03T05:54:03.145+00:00",
  "company": {
    "name": "Oneok",
    "domain": "oneok.com"
  },
  "data": {
    "detail": "The company's Natural Gas Liquids fractionators operated at 94% of their 1.2 MMBbl/d capacity in 2025, signaling they are nearing their operational limits. This pressure justifies major capital projects and creates a need for efficiency, automation, and debottlenecking solutions to maximize throughput.",
    "metrics": {
      "pct": 0.94,
      "timeframe": "current_year",
      "pct_context": "Utilization rate of NGL fractionators in 2025"
    },
    "summary": "NGL fractionators running at 94% utilization, indicating significant operational pressure",
    "excerpts": "NGL fractionators with combined operating capacity of 1.2 MMBbl/d (includes interests in our proportional share of operating capacity), including 310 MBbl/d in the Mid-Continent region and 890 MBbl/d in the Gulf Coast region, which were 94% and 92% utilized in 2025 and 2024, respectively;",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1039684/000103968426000006/oke-20251231.htm",
    "filing_date": "2026-02-24",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Scaling solutions needed",
    "signal_category": "operations",
    "regions_mentioned": [
      "Mid-Continent",
      "Gulf Coast"
    ]
  }
}

Long text fields are shortened on this page.

Looking up one signal by its id is free. Enrich costs 2 credits per signal returned; a call with no results is free.