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ONEOK, Inc.

OKE · NYQ
$88.63-2.80%
52W Low: $64.0252W High: $99.85
Current: $88.63  ·  69% of 52-week range
EnergyOil & Gas MidstreamNYQ
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ONEOK, Inc. (OKE) is a energy company in the oil & gas midstream industry with $39.37B in trailing revenue trading at a 15.3× trailing P/E — analyst consensus: buy.

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.

Key Statistics

Market Cap$55.87B
Revenue (TTM)$39.37B
EPS (TTM)$5.79
EPS (Fwd est.)$6.24
Employees6,326
Trailing P/E15.31
Forward P/E14.21
PEG Ratio1.72
Price / Sales1.42
Price / Book2.44
EV / EBITDA11.59
Beta (5Y)0.72

Analyst Consensus

Consensus
Buy
Analyst Price Target
+14.5% upside
Target: $101.50

Annual Revenue & Net Income

RevenueNet Income
'22
$22.39B
$1.72B
'23
$17.68B
$2.66B
'24
$21.70B
$3.04B
'25
$33.63B
$3.39B

Earnings History


QuarterActual EPSEstimateResult
Aug 2026
$1.53
$1.45Beat (+5.6%)
Apr 2026
$1.30
$1.30Miss (+0.1%)
Feb 2026
$1.55
$1.49Beat (+3.8%)
Oct 2025
$1.49
$1.44Beat (+3.3%)

Next Earnings Report

ONEOK, Inc. is next expected to report earnings on 27 Oct 2026.

Profitability

27.2%
13.3%
9.3%
Gross
Margin
Operating
Margin
Net
Margin
Revenue Growth (YoY)52.8%
Return on Equity16.3%
Return on Assets5.8%

Balance Sheet

Cash & Equivalents$160.00M
Total Debt$33.02B
Net Position$32.86B (net debt)
Free Cash Flow (TTM)$900.00M
Debt / Equity143.07

Share Ownership

Institutions 84.8%
Insiders 0.2%
Public 15.0%

Dividend

Annual Rate
$4.28
Yield
4.83%
Payout Ratio
72.5%
Ex-Dividend Date
03 Aug 2026
5Y Avg Yield
5.47%

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Frequently Asked Questions

What does ONEOK, Inc. (OKE) do?
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-Contin…
What is OKE's market cap?
ONEOK, Inc. has a market capitalization of approximately $55.87B.
What is OKE's P/E ratio?
ONEOK, Inc. trades at a trailing P/E ratio of 15.3x and a forward P/E of 14.2x, which is below the broad market average of ~25x.
How much revenue does OKE generate?
ONEOK, Inc. generated $39.37B in trailing 12-month revenue.
What do analysts say about OKE?
The analyst consensus rating for ONEOK, Inc. is buy, with a mean price target of $101.50. That implies +14.5% upside from the current price.
When does OKE report earnings?
ONEOK, Inc. is next scheduled to report earnings on 27 Oct 2026.
Does OKE pay a dividend?
Yes. ONEOK, Inc. pays a dividend with a current yield of 4.83%, at an annual rate of $4.28 per share.

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