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ONEOK, Inc. OKE SPX

Energy · Oil & Gas Midstream · United States
https://www.oneok.com/

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.

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$83.94
+9.56% 1Y

Market & Price

Market Cap
$52.88B
Current Price
$83.94
High / Low (52W)
$95.24 / $62.69
Beta
0.76

Valuation

Stock P/E
14.96
Industry PE
18.25
Forward P/E
13.58
PEG Ratio
2.02
Book Value
$35.49
Price to Book
2.37
P/S
1.50
EV/EBITDA
11.52
Dividend Yield
5.10%

Profitability & Returns

ROCE
10.41%
ROE
15.90%
ROA
5.66%
Profit Margin
10.03%
Op Margin
14.92%
EPS (Latest Qtr)
$1.23
EPS (TTM)
$5.61

Balance Sheet & Liquidity

Debt/Equity
1.50
Quick Ratio
0.49
Current Ratio
0.71
Debt
$33.65B
Total Assets
$66.64B
Current Assets
$4.49B
Working Capital
$-1.88B

Ownership

Promoter Holding
0.19%
Chg in Prom Hold
-
FII / Inst Holding
83.48%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$86.50B
Total Revenue (TTM)
$35.20B
EBITDA
$7.51B
Free Cash Flow
$454.38M
Operating Cash Flow
$5.63B
Shares Outstanding
630.03M
Gross Margin
29.64%
Payout Ratio
74.15%

Growth (CAGR)

Revenue 5Y
14.53%
Profit 5Y
25.37%
Revenue (YoY)
19.60%
Earnings (YoY)
18.00%

PROS

  • Compounding revenue at 14.5% over 5 years.
  • Profit CAGR of 25.4% over 5 years.
  • Attractive dividend yield of 5.10%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 OKE ONEOK, Inc. SPX 83.94 14.96 $52.88B 5.10% 10.41% 15.90% 14.53% 25.37%
2 XOM Exxon Mobil Corporation SPX 145.26 24.45 $602.10B 2.84% 11.12% 9.87% -6.69% -19.72%
3 CVX Chevron Corporation SPX 182.46 31.73 $363.39B 3.90% 7.21% 6.64% -7.85% -29.74%
4 COP ConocoPhillips SPX 113.98 19.32 $138.86B 2.95% 12.63% 11.28% -9.11% -24.66%
5 WMB The Williams Companies, Inc. SPX 71.39 31.31 $87.31B 2.94% 9.66% 19.66% 2.91% 8.51%
6 SLB SLB N.V. SPX 54.55 24.03 $81.56B 2.16% 12.08% 14.07% 8.33% -0.65%
7 VLO Valero Energy Corporation SPX 244.82 17.88 $72.70B 1.96% 8.12% 15.85% -11.40% -41.16%
8 MPC Marathon Petroleum Corporation SPX 248.77 16.37 $72.63B 1.57% 13.11% 27.46% -9.23% -34.67%
9 EOG EOG Resources, Inc. SPX 133.38 13.13 $71.04B 3.06% 14.00% 18.20% -8.51% -13.74%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------------------------5.91B4.52B3.73B4.19B4.78B4.89B--8.04B7.89B8.63B9.06B9.62B
Cost of Revenue -----------------------------------6.04B5.73B6.34B6.78B7.43B
Gross Profit 538.14M----------------------------------2.01B2.16B2.29B2.28B2.19B
Operating Expenses -----------------------------------746.00M706.00M726.00M742.00M752.00M
Operating Income 284.94M-311.43M315.29M329.36M-317.14M319.45M354.62M-419.70M448.37M495.53M471.87M468.74M476.15M482.15M487.31M-83.47M355.73M550.43M538.66M664.72M611.51M667.86M662.00M689.00M700.00M1.50B737.00M739.00M1.06B1.23B--1.26B1.45B1.57B1.54B1.44B
EBITDA -----------------------------------1.71B1.92B2.06B2.09B1.84B
Interest Expense -----------------------------------442.00M438.00M450.00M453.00M439.00M
Pretax Income -----------------------------------888.00M1.11B1.24B1.25B1.02B
Tax Provision -----------------------------------197.00M260.00M297.00M274.00M245.00M
Net Income 82.16M25.52M83.45M85.94M92.14M90.50M87.36M71.69M165.74M63.05M264.51M281.05M313.26M292.89M337.21M311.96M309.15M--------------639.00M780.00M--636.00M841.00M939.00M977.00M774.00M
Diluted EPS 0.39-0.400.400.43-0.410.330.430.160.640.680.750.700.810.750.740.77-0.340.320.700.690.860.770.880.870.920.962.341.040.991.091.33--1.041.341.491.551.23

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------------22.39B17.68B21.70B33.63B
Cost of Revenue ---------------18.54B12.70B14.45B24.89B
Gross Profit 1.81B1.94B2.00B2.06B2.38B1.64B1.65B2.11B-------3.85B4.98B7.25B8.74B
Operating Expenses ---------------1.04B749.00M2.19B2.92B
Operating Income 822.54M917.00M882.87M942.65M1.16B953.48M880.62M1.14B996.16M1.30B1.39B1.84B1.91B1.36B-2.81B4.23B5.06B5.82B
EBITDA ---------------3.55B5.13B6.62B7.79B
Interest Expense ---------------676.00M866.00M1.37B1.78B
Pretax Income ---------------2.25B3.50B4.11B4.49B
Tax Provision ---------------528.00M838.00M998.00M1.03B
Net Income 304.92M311.91M305.45M334.63M360.59M360.62M266.53M314.11M244.98M352.04M387.84M1.15B1.28B612.81M-1.72B2.66B3.04B3.39B
Diluted EPS 2.792.952.871.551.681.711.271.491.161.661.292.783.071.42-3.845.485.175.42

Compounded Sales Growth

5 Years:14.53%
1 Year:19.60%

Compounded Profit Growth

5 Years:25.37%
1 Year:18.00%

Stock Price Performance

1 Year:+9.56%
6 Months:+21.49%
3 Months:+2.63%
1 Month:-4.90%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --13.13B12.83B12.50B13.70B15.90B17.69B15.26B15.45B16.14B16.85B18.23B21.81B23.08B-24.38B44.27B64.07B66.64B
Current Assets ----------------2.55B3.11B4.24B4.49B
Cash & Equivalents 68.27M19.11M496.02M30.92M30.34M56.68M577.02M145.56M172.81M97.62M248.88M37.19M11.97M20.96M524.50M-220.00M338.00M733.00M78.00M
Inventory ----------------581.00M639.00M748.00M948.00M
Receivables ----------------1.53B1.71B2.33B3.01B
Total Liabilities ----------------17.89B27.78B41.94B44.07B
Current Liabilities --4.19B3.34B3.15B3.25B2.81B2.73B2.39B1.64B2.84B2.67B2.11B2.02B1.34B-3.05B3.45B4.72B6.37B
Long Term Debt --4.11B4.33B3.69B4.53B6.52B7.75B7.15B8.32B7.92B8.09B8.87B12.48B14.23B-12.70B21.18B31.02B30.75B
Total Debt ----------------13.70B21.67B32.08B32.82B
Total Equity --2.09B2.21B2.45B2.24B2.13B2.34B592.12M335.80M188.75M5.53B6.58B6.23B6.04B-6.49B16.48B17.04B22.48B
Shares Outstanding ----------------474.92M609.71M609.71M655.91M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 1.03B475.68M1.45B834.04M1.36B984.00M1.29B1.29B1.02B1.35B1.32B2.19B1.95B1.90B-2.91B4.42B4.89B5.60B
Investing Cash Flow -1.15B-1.45B-787.79M-134.36M-1.37B-1.81B-2.64B-2.57B-1.19B-615.45M-567.63M-2.11B-3.77B-2.27B--1.14B-6.40B-6.61B-3.75B
Financing Cash Flow 72.96M1.47B-1.15B-698.05M59.24M1.34B912.96M1.30B92.74M-586.52M-959.46M-97.05M1.83B875.00M--1.69B2.10B2.12B-2.50B
Capital Expenditure -883.70M-1.47B-791.25M-582.75M-1.34B-1.87B-2.26B-1.78B-1.19B-624.63M-512.39M-2.14B-3.85B-2.20B--1.20B-1.59B-2.02B-3.15B
Free Cash Flow 145.96M-997.46M661.45M251.29M20.10M-882.16M-961.82M-493.54M-165.48M728.59M803.02M45.24M-1.90B-296.31M-1.70B2.83B2.87B2.45B
Net Change in Cash ---------------74.00M118.00M395.00M-655.00M
Share Buybacks 390.21M29.00K254.00K7.00K300.11M150.00M00-------00159.00M75.00M
Dividends Paid 150.19M162.78M172.77M193.54M227.02M261.97M304.74M443.82M509.20M517.60M829.41M1.34B1.46B1.61B1.67B1.67B1.84B2.31B2.58B

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------17.2%28.2%33.4%26.0%
Operating Margin % ---------------12.5%23.9%23.3%17.3%
Net Margin % ---------------7.7%15.0%14.0%10.1%
ROE % -14.9%13.8%13.7%16.1%16.9%11.4%53.0%73.0%186.5%7.0%17.5%20.5%10.1%-26.5%16.1%17.8%15.1%
ROCE % -10.3%9.3%10.1%11.1%7.3%5.9%8.9%7.2%9.7%9.8%11.4%9.7%6.3%-13.2%10.4%8.5%9.7%

Shareholding Pattern

Insiders
0.19%
Institutions
83.48%
Public Float
83.64%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 9.43% 59.39M $4.99B
2 State Street Corporation 6.60% 41.57M $3.49B
3 Vanguard Capital Management LLC 6.49% 40.87M $3.43B
4 Vanguard Portfolio Management LLC 4.89% 30.82M $2.59B
5 Charles Schwab Investment Management, Inc. 2.92% 18.37M $1.54B
6 Geode Capital Management, LLC 2.72% 17.12M $1.44B
7 Capital International Investors 2.08% 13.12M $1.10B
8 UBS Group AG 2.02% 12.71M $1.07B
9 Morgan Stanley 2.00% 12.59M $1.06B
10 First Eagle Investment Management, LLC 1.85% 11.68M $980.35M

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