ONEOK, Inc.

ONEOK, Inc.

OKE
ONEOK, Inc.US flagNew York Stock Exchange
95.43
USD
-0.32
- -
60.13BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
57.62
58.24
36.93
42.25
40.92
30.6
24.58
19.81
37.05
50.03
36.5
37.12
53.82
62.43
Basic EPS, GAAP
1.29
1.5
1.17
1.67
1.3
2.8
3.09
1.42
3.36
3.85
5.49
5.19
5.43
5.8
Free Cash Flow per Basic Share
6.28
6.14
4.87
6.41
4.42
5.31
4.71
4.41
5.7
6.49
9.13
8.36
8.96
9.76
Dividend per Share
1.48
2.12
2.42
2.45
2.79
3.24
3.52
3.72
3.73
3.74
3.8
3.96
4.13
4.19
Book Value per Share
11.31
2.84
1.6
0.9
14.22
15.99
15.07
13.58
13.48
14.52
28.27
29.22
35.71
36.39
Tangible Book Value per Share
6.36
-2.03
-3.25
-3.88
11.67
13.64
12.75
11.84
11.77
12.84
17.52
10.13
18.3
19.11
Basic Weighted Avg Shares
206
209
210
211
297
411
414
431
446
448
484
585
625
631
Sales/Revenue/Turnover
11,872
12,195
7,763
8,921
12,174
12,593
10,164
8,542
16,540
22,387
17,677
21,698
33,629
39,366
Operating Margin (%)
7.32
9.32
13.84
14.42
11.56
14.57
18.86
23.04
15.7
12.54
23.93
23.33
17.31
15.59
Depreciation Expense
384
306
355
392
406
429
477
579
622
626
769
1,134
1,514
1,531
Net Income, GAAP
267
314
245
352
388
1,152
1,279
613
1,500
1,722
2,659
3,035
3,393
3,656
Effective Tax Rate (%)
21.99
18.44
26.17
22.17
42.97
23.91
22.56
23.62
24.4
23.47
23.96
24.28
22.9
23.35
Profit Margin (%)
2.25
2.58
3.16
3.95
3.19
9.15
12.58
7.17
9.07
7.69
15.04
13.99
10.09
9.29
Working Capital
-326
-1,085
-663
-1,407
-903
-710
-550
525
-810
-503
-344
-481
-1,877
-1,894
LT Debt
7,754
7,150
8,324
7,920
8,092
8,900
12,493
14,316
12,823
12,764
21,183
31,018
30,755
30,773
Total Equity
4,845
4,006
3,766
3,429
5,685
6,580
6,226
6,042
6,015
6,494
16,484
22,133
22,569
23,081
Return on Invested Capital (%)
5.48
7.3
6.35
7.81
5.79
9.06
8.48
7.61
9.74
10.69
10.96
8.26
8.18
8.52
Return on Capital (%)
1.35
2.01
3.35
2.55
3.32
9.77
9.5
5.89
10.24
11.21
11.37
8.65
8.57
9.07
Return on Common Equity (%)
11.93
21.44
52.8
134.23
13.54
19.01
19.95
9.97
24.86
27.52
23.14
18.1
17.17
16.33

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,061
2,888
2,249
LT Borrowings
30,755
30,764
30,773
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
630
630
630
Market Capitalization
46,284
56,948
54,804

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,488
5,543
5,310
Cash, Cash Equivalents & STI
78
172
161
Accounts Receivable, Net
3,010
3,670
3,550
Inventories
948
1,136
1,056
Total Current Liabilities
6,365
7,811
7,204
Payables & Accruals
3,337
4,087
3,992
ST Debt
2,061
2,888
2,249
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.18%
39.52%
1.97%
Free Cash Flow
20.78%
25.09%
14.55%
Net Income, GAAP
44.97%
47.98%
11.8%
Sales/Revenue/Turnover
20.52%
37.14%
54.99%
Total Cash Common Dividend
19.37%
10.33%
11.72%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,781
4,894
5,023
7,000
21,698
2025
8,043
7,887
8,634
9,065
33,629
2026
9,618
12,049
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.09
1.33
1.18
1.58
5.19
2025
1.04
1.34
1.49
1.55
5.43
2026
1.23
1.53
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.99
0.99
0.99
0.99
3.96
2025
1.05
1.03
1.03
1.03
4.13
2026
1.07
1.07
- -
- -
- -

Company Description

CEO
Pierce H. Norton
Full Time Employees
6,326
Sector
Energy
Industry
Oil & Gas Midstream
Address
100 West Fifth Street Tulsa OK United States of America 74103
IPO Date
Oct 1, 1980
Website
oneok.com
Business
ONEOK, Inc. ONEOK, Inc. (NYSE: OKE) operates as a leading diversified energy infrastructure company, providing midstream services including gathering, processing, fractionation, transportation, storage, and marine export of natural gas, natural gas liquids (NGLs), refined products, and crude oil through its approximately 60,000-mile pipeline network and access to nearly 50% of U.S. refining capacity. The company conducts its operations across four primary segments: Natural Gas Gathering and Processing, which serves producers in the Rocky Mountain, Mid-Continent, Permian Basin, and North Texas regions; Natural Gas Liquids, which gathers, fractionates, treats, distributes, and stores NGL products primarily in the Rocky Mountain, Mid-Continent, Permian Basin, and Gulf Coast areas including Louisiana; Natural Gas Pipelines, which offers interstate and intrastate transportation and storage; and Refined Products and Crude, which gathers, transports, stores, distributes, blends, and markets petroleum products. Founded in 1906 as Oklahoma Natural Gas Company and headquartered in Tulsa, Oklahoma, ONEOK serves domestic and international energy markets with a focus on fee-based contracts, targeting producers, end-use markets, and contributing to energy security. In recent developments, the company completed the acquisition of Magellan Midstream Partners in September 2023 to diversify into refined products and crude; acquired a Gulf Coast NGL pipeline system from Easton Energy, Medallion Midstream from Global Infrastructure Partners in October 2024 for $940 million to gain full ownership of its Delaware Basin joint venture, and Global Infrastructure Partners' interest in EnLink Midstream in October 2024 for $3.3 billion, with a definitive agreement announced in late 2024 to acquire the remaining publicly held EnLink common units in a $4.3 billion all-stock tax-free transaction expected to close in the first quarter of 2025, enhancing its integrated position in prolific U.S. basins and Gulf Coast demand hubs.

Company News

  • Why Is Oneok (OKE) Up 9.2% Since Last Earnings Report?

  • This 4.5%-Yielding Pipeline Stock Just Made a $4.4 Billion Acquisition. Here's What It Means for the Dividend.

  • Midstream Scales Up Natural Gas Infrastructure

  • OKE Plans to Expand Permian Presence With Brazos Midland Acquisition

  • Here's Why Oneok Inc. (OKE) is a Strong Momentum Stock

  • ONEOK Bets $4.4B on Brazos as Apollo Injects $9B for Permian Growth

  • ONEOK: Don't Chase The Price Or Yield And Forget Valuation (Downgrade)

  • ONEOK to Buy Brazos Midstream's Permian Assets for $4.43 Billion

  • ONEOK to buy Brazos Midstream's Permian Midland Basin assets for $4.43 billion

  • ONEOK Announces Cash Tender Offers in Connection with $5 Billion Debt Repayment Plan

  • ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

  • ONEOK Announces Cash Tender Offers in Connection with $5 Billion Debt Repayment Plan

  • ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

  • Beacon Pointe Advisors LLC Grows Stock Holdings in ONEOK, Inc. $OKE

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  • Why Oneok Inc. (OKE) is a Top Value Stock for the Long-Term

  • Bank of New York Mellon Corp Grows Stake in ONEOK, Inc. $OKE

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