Inside the research

ONEOK, Inc.

OKE Research profile · latest available data

Price overview

$88.63

▼ -2.55 (-2.8%)

52w hi$97.51
52w lo$61.95
Vol2.94M
As of25 Sep 2026

The Verdict

Hold

Our score +0.44

Short+0.20
Medium+0.58
Long+0.63

computed 2026-09-27

Key fundamentals

ONEOK, Inc.

Energy · Oil & Gas Midstream

Market cap$55.87B
Enterprise value$88.87B
Trailing P/E15.31x
Forward P/E14.21x
EV / EBITDA11.59x
P / S (ttm)1.42x
Profit margin9.3%
Return on equity16.3%
Revenue growth+52.8%
Earnings growth+14.2%
Debt / equity143.07

Layer Breakdown

LayerRawContribution
Fundamental+0.34
Sector+0.09
Technical+0.20
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

United States · www.oneok.com

Risk Metrics

Beta vs SPX0.53
Corr SPX0.29
Annual vol29.8%
Annual ret+1.6%
Sharpe0.05
Max DD-45.1%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$95.00
High / Low$113.00 / $84.00
Median$94.00
Analysts21
Strong Buy2
Buy9
Hold12
Sell0
Strong Sell0

Recent rating actions

2026-05-08JP Morgan→ Neutral
2026-05-07Citigroup→ Buy
2026-05-04Truist Securities→ Hold
2026-04-30Wells Fargo→ Overweight
2026-04-30TD Cowen→ Hold
2026-04-30Scotiabank→ Sector Perform

Material Events

DateEvent8-K
2026-08-03Acquisition / Disposition, Reg FD Disclosure…read
2026-05-21Shareholder Voteread
2026-04-28Earnings Release, Reg FD Disclosure…read
2026-03-25Officer / Director Change, Exhibitsread
2026-02-23Earnings Release, Reg FD Disclosure…read
2026-01-26Officer / Director Change, Exhibitsread
2025-10-28Earnings Release, Reg FD Disclosure…read
2025-08-13Material Agreement, Material Obligation…read
2025-08-08Material Agreement, Reg FD Disclosure…read
2025-08-04Earnings Release, Reg FD Disclosure…read
2025-07-17Reg FD Disclosure, Other Material Event…read
2025-07-01Reg FD Disclosure, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-05-28SPEARS MARY MSee RemarksGift1.00K—
2026-05-20MCCOLLUM MARK AGrant1.84K$170.02K
2026-05-20RODRIGUEZ EDUARDO AGrant1.48K$136.01K
2026-05-20HELDERMAN MARK WGrant3.04K$280.04K
2026-05-20Owodunni Precious WGrant1.84K$170.02K
2026-05-20EDWARDS JULIE HGrant1.84K$170.02K

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders0
Top-5 share0.0%
HHI0 (—)

Connections

Subsidiarys: Magellan Midstream Partners

Dividends

Yield (TTM)3.58%
$ / share (TTM)$3.17
5y CAGR+2.0%

Annual dividend per share

2021$3.74
2022$3.74
2023$3.82
2024$3.96
2025$4.12
2026$2.14

SEC Filings

DateFormDoc
2026-08-0410-Qview
2026-08-04424B5view
2026-08-038-Kview
2026-06-2411-Kview
2026-06-014view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-218-Kview

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$33.63B+5.9%
Gross profit$495.48M-23.9%
Operating income$4.99B+11.3%
Net income$2.66B+18.1%
Cash from ops$5.60B+16.7%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$90.70$90.72$87.74$88.632.94M
Sep 24$91.51$92.16$90.37$91.182.70M
Sep 23$90.75$91.90$89.90$90.543.04M
Sep 22$91.43$92.81$90.09$90.093.34M
Sep 21$92.58$93.11$91.63$91.803.25M

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