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 |
| Vol | 2.94M |
| As of | 25 Sep 2026 |
The Verdict
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/E | 15.31x |
| Forward P/E | 14.21x |
| EV / EBITDA | 11.59x |
| P / S (ttm) | 1.42x |
| Profit margin | 9.3% |
| Return on equity | 16.3% |
| Revenue growth | +52.8% |
| Earnings growth | +14.2% |
| Debt / equity | 143.07 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 0.53 |
|---|---|
| Corr SPX | 0.29 |
| Annual vol | 29.8% |
| Annual ret | +1.6% |
| Sharpe | 0.05 |
| 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 |
| Analysts | 21 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 9 | |
| Hold | 12 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | JP Morgan | → Neutral |
| 2026-05-07 | Citigroup | → Buy |
| 2026-05-04 | Truist Securities | → Hold |
| 2026-04-30 | Wells Fargo | → Overweight |
| 2026-04-30 | TD Cowen | → Hold |
| 2026-04-30 | Scotiabank | → Sector Perform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-03 | Acquisition / Disposition, Reg FD Disclosure… | read |
| 2026-05-21 | Shareholder Vote | read |
| 2026-04-28 | Earnings Release, Reg FD Disclosure… | read |
| 2026-03-25 | Officer / Director Change, Exhibits | read |
| 2026-02-23 | Earnings Release, Reg FD Disclosure… | read |
| 2026-01-26 | Officer / Director Change, Exhibits | read |
| 2025-10-28 | Earnings Release, Reg FD Disclosure… | read |
| 2025-08-13 | Material Agreement, Material Obligation… | read |
| 2025-08-08 | Material Agreement, Reg FD Disclosure… | read |
| 2025-08-04 | Earnings Release, Reg FD Disclosure… | read |
| 2025-07-17 | Reg FD Disclosure, Other Material Event… | read |
| 2025-07-01 | Reg FD Disclosure, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-28 | SPEARS MARY M | See Remarks | Gift | 1.00K | — |
| 2026-05-20 | MCCOLLUM MARK A | Grant | 1.84K | $170.02K | |
| 2026-05-20 | RODRIGUEZ EDUARDO A | Grant | 1.48K | $136.01K | |
| 2026-05-20 | HELDERMAN MARK W | Grant | 3.04K | $280.04K | |
| 2026-05-20 | Owodunni Precious W | Grant | 1.84K | $170.02K | |
| 2026-05-20 | EDWARDS JULIE H | Grant | 1.84K | $170.02K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
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
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $90.70 | $90.72 | $87.74 | $88.63 | 2.94M |
| Sep 24 | $91.51 | $92.16 | $90.37 | $91.18 | 2.70M |
| Sep 23 | $90.75 | $91.90 | $89.90 | $90.54 | 3.04M |
| Sep 22 | $91.43 | $92.81 | $90.09 | $90.09 | 3.34M |
| Sep 21 | $92.58 | $93.11 | $91.63 | $91.80 | 3.25M |
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