ONEOK, Inc. OKE SPX
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.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.91B | 4.52B | 3.73B | 4.19B | 4.78B | 4.89B | - | - | 8.04B | 7.89B | 8.63B | 9.06B | 9.62B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.04B | 5.73B | 6.34B | 6.78B | 7.43B |
| Gross Profit | 538.14M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.01B | 2.16B | 2.29B | 2.28B | 2.19B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 746.00M | 706.00M | 726.00M | 742.00M | 752.00M |
| Operating Income | 284.94M | - | 311.43M | 315.29M | 329.36M | - | 317.14M | 319.45M | 354.62M | - | 419.70M | 448.37M | 495.53M | 471.87M | 468.74M | 476.15M | 482.15M | 487.31M | -83.47M | 355.73M | 550.43M | 538.66M | 664.72M | 611.51M | 667.86M | 662.00M | 689.00M | 700.00M | 1.50B | 737.00M | 739.00M | 1.06B | 1.23B | - | - | 1.26B | 1.45B | 1.57B | 1.54B | 1.44B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.71B | 1.92B | 2.06B | 2.09B | 1.84B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 442.00M | 438.00M | 450.00M | 453.00M | 439.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 888.00M | 1.11B | 1.24B | 1.25B | 1.02B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 197.00M | 260.00M | 297.00M | 274.00M | 245.00M |
| Net Income | 82.16M | 25.52M | 83.45M | 85.94M | 92.14M | 90.50M | 87.36M | 71.69M | 165.74M | 63.05M | 264.51M | 281.05M | 313.26M | 292.89M | 337.21M | 311.96M | 309.15M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 639.00M | 780.00M | - | - | 636.00M | 841.00M | 939.00M | 977.00M | 774.00M |
| Diluted EPS | 0.39 | - | 0.40 | 0.40 | 0.43 | - | 0.41 | 0.33 | 0.43 | 0.16 | 0.64 | 0.68 | 0.75 | 0.70 | 0.81 | 0.75 | 0.74 | 0.77 | -0.34 | 0.32 | 0.70 | 0.69 | 0.86 | 0.77 | 0.88 | 0.87 | 0.92 | 0.96 | 2.34 | 1.04 | 0.99 | 1.09 | 1.33 | - | - | 1.04 | 1.34 | 1.49 | 1.55 | 1.23 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.39B | 17.68B | 21.70B | 33.63B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.54B | 12.70B | 14.45B | 24.89B |
| Gross Profit | 1.81B | 1.94B | 2.00B | 2.06B | 2.38B | 1.64B | 1.65B | 2.11B | - | - | - | - | - | - | - | 3.85B | 4.98B | 7.25B | 8.74B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04B | 749.00M | 2.19B | 2.92B |
| Operating Income | 822.54M | 917.00M | 882.87M | 942.65M | 1.16B | 953.48M | 880.62M | 1.14B | 996.16M | 1.30B | 1.39B | 1.84B | 1.91B | 1.36B | - | 2.81B | 4.23B | 5.06B | 5.82B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.55B | 5.13B | 6.62B | 7.79B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 676.00M | 866.00M | 1.37B | 1.78B |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.25B | 3.50B | 4.11B | 4.49B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 528.00M | 838.00M | 998.00M | 1.03B |
| Net Income | 304.92M | 311.91M | 305.45M | 334.63M | 360.59M | 360.62M | 266.53M | 314.11M | 244.98M | 352.04M | 387.84M | 1.15B | 1.28B | 612.81M | - | 1.72B | 2.66B | 3.04B | 3.39B |
| Diluted EPS | 2.79 | 2.95 | 2.87 | 1.55 | 1.68 | 1.71 | 1.27 | 1.49 | 1.16 | 1.66 | 1.29 | 2.78 | 3.07 | 1.42 | - | 3.84 | 5.48 | 5.17 | 5.42 |
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 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 13.13B | 12.83B | 12.50B | 13.70B | 15.90B | 17.69B | 15.26B | 15.45B | 16.14B | 16.85B | 18.23B | 21.81B | 23.08B | - | 24.38B | 44.27B | 64.07B | 66.64B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.55B | 3.11B | 4.24B | 4.49B |
| Cash & Equivalents | 68.27M | 19.11M | 496.02M | 30.92M | 30.34M | 56.68M | 577.02M | 145.56M | 172.81M | 97.62M | 248.88M | 37.19M | 11.97M | 20.96M | 524.50M | - | 220.00M | 338.00M | 733.00M | 78.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 581.00M | 639.00M | 748.00M | 948.00M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.53B | 1.71B | 2.33B | 3.01B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.89B | 27.78B | 41.94B | 44.07B |
| Current Liabilities | - | - | 4.19B | 3.34B | 3.15B | 3.25B | 2.81B | 2.73B | 2.39B | 1.64B | 2.84B | 2.67B | 2.11B | 2.02B | 1.34B | - | 3.05B | 3.45B | 4.72B | 6.37B |
| Long Term Debt | - | - | 4.11B | 4.33B | 3.69B | 4.53B | 6.52B | 7.75B | 7.15B | 8.32B | 7.92B | 8.09B | 8.87B | 12.48B | 14.23B | - | 12.70B | 21.18B | 31.02B | 30.75B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.70B | 21.67B | 32.08B | 32.82B |
| Total Equity | - | - | 2.09B | 2.21B | 2.45B | 2.24B | 2.13B | 2.34B | 592.12M | 335.80M | 188.75M | 5.53B | 6.58B | 6.23B | 6.04B | - | 6.49B | 16.48B | 17.04B | 22.48B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 474.92M | 609.71M | 609.71M | 655.91M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1.03B | 475.68M | 1.45B | 834.04M | 1.36B | 984.00M | 1.29B | 1.29B | 1.02B | 1.35B | 1.32B | 2.19B | 1.95B | 1.90B | - | 2.91B | 4.42B | 4.89B | 5.60B |
| 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 | 72.96M | 1.47B | -1.15B | -698.05M | 59.24M | 1.34B | 912.96M | 1.30B | 92.74M | -586.52M | -959.46M | -97.05M | 1.83B | 875.00M | - | -1.69B | 2.10B | 2.12B | -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 | -997.46M | 661.45M | 251.29M | 20.10M | -882.16M | -961.82M | -493.54M | -165.48M | 728.59M | 803.02M | 45.24M | -1.90B | -296.31M | - | 1.70B | 2.83B | 2.87B | 2.45B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 74.00M | 118.00M | 395.00M | -655.00M |
| Share Buybacks | 390.21M | 29.00K | 254.00K | 7.00K | 300.11M | 150.00M | 0 | 0 | - | - | - | - | - | - | - | 0 | 0 | 159.00M | 75.00M |
| Dividends Paid | 150.19M | 162.78M | 172.77M | 193.54M | 227.02M | 261.97M | 304.74M | 443.82M | 509.20M | 517.60M | 829.41M | 1.34B | 1.46B | 1.61B | 1.67B | 1.67B | 1.84B | 2.31B | 2.58B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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