The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

OKE

Concerning the House

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

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%
Quotation

$92.64

+0.17 (+0.2%)

52w hi$94.12
52w lo$61.95
Vol2.82M
As ofAug 13
The Verdict

Hold

Our score +0.25

Short-0.04
Medium+0.39
Long+0.58

computed 2026-08-13

By the Numbers

ONEOK, Inc.

Energy · Oil & Gas Midstream

Market cap$58.37B
Enterprise value$91.30B
Trailing P/E16.00x
Forward P/E14.75x
EV / EBITDA11.90x
P / S (ttm)1.48x
Profit margin9.3%
Return on equity16.3%
Revenue growth+52.8%
Earnings growth+14.2%
Debt / equity143.07
Risk Metrics
Beta vs SPX0.54
Corr SPX0.30
Annual vol29.5%
Annual ret+8.5%
Sharpe0.29
Max DD-45.1%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.34
Sector+0.13
Technical+0.05
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$91.96$93.45$91.66$92.642.82M
Aug 12$90.93$92.49$90.84$92.473.42M
Aug 11$90.28$91.86$89.93$91.523.34M
Aug 10$87.32$90.37$87.32$90.343.09M
Aug 7$86.87$88.23$86.20$86.422.74M