Symbols / OKE
OKE Chart
About
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.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas Midstream | Market Cap | 52.12B |
| Enterprise Value | 85.97B | Income | 3.39B | Sales | 33.63B |
| Book/sh | 35.71 | Cash/sh | 0.12 | Dividend Yield | 4.95% |
| Payout | 75.00% | Employees | 6326 | IPO | — |
| P/E | 15.22 | Forward P/E | 13.61 | PEG | — |
| P/S | 1.55 | P/B | 2.32 | P/C | — |
| EV/EBITDA | 11.72 | EV/Sales | 2.56 | Quick Ratio | 0.48 |
| Current Ratio | 0.70 | Debt/Eq | 146.45 | LT Debt/Eq | — |
| EPS (ttm) | 5.44 | EPS next Y | 6.08 | EPS Growth | -1.50% |
| Revenue Growth | 29.50% | Earnings | 2026-04-28 | ROA | 5.57% |
| ROE | 15.49% | ROIC | — | Gross Margin | 30.50% |
| Oper. Margin | 16.98% | Profit Margin | 10.09% | Shs Outstand | 629.23M |
| Shs Float | 627.94M | Short Float | 4.69% | Short Ratio | 5.39 |
| Short Interest | — | 52W High | 103.64 | 52W Low | 64.02 |
| Beta | 0.92 | Avg Volume | 4.42M | Volume | 3.43M |
| Target Price | $88.42 | Recom | Buy | Prev Close | $84.02 |
| Price | $82.77 | Change | -1.49% |
Valuation Models
Price estimates from analyst targets and simple models.
Ratings
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-25 | main | Wells Fargo | Equal-Weight → Equal-Weight | $79 |
| 2026-01-27 | down | JP Morgan | Overweight → Neutral | $83 |
| 2026-01-22 | main | UBS | Buy → Buy | $103 |
| 2026-01-20 | init | Jefferies | — → Hold | $80 |
| 2026-01-15 | main | Barclays | Equal-Weight → Equal-Weight | $76 |
| 2025-11-04 | main | Scotiabank | Sector Outperform → Sector Outperform | $87 |
| 2025-10-31 | main | Citigroup | Buy → Buy | $95 |
| 2025-10-30 | main | TD Cowen | Hold → Hold | $76 |
| 2025-10-30 | main | Wells Fargo | Equal-Weight → Equal-Weight | $82 |
| 2025-10-24 | reit | Raymond James | Outperform → Outperform | $82 |
| 2025-10-09 | main | Barclays | Equal-Weight → Equal-Weight | $78 |
| 2025-08-29 | main | Mizuho | Neutral → Neutral | $82 |
| 2025-08-26 | main | Morgan Stanley | Overweight → Overweight | $110 |
| 2025-08-13 | main | RBC Capital | Sector Perform → Sector Perform | $88 |
| 2025-08-01 | main | RBC Capital | Sector Perform → Sector Perform | $94 |
| 2025-07-22 | main | Raymond James | Outperform → Outperform | $110 |
| 2025-07-15 | main | Scotiabank | Sector Outperform → Sector Outperform | $92 |
| 2025-07-03 | main | JP Morgan | Overweight → Overweight | $97 |
| 2025-06-05 | main | Scotiabank | Sector Outperform → Sector Outperform | $93 |
| 2025-06-03 | main | Barclays | Equal-Weight → Equal-Weight | $91 |
News
RSS: Latest OKE news- ONEOK: While AI Stocks Plummet, This Giant Grows (Q4 Earnings Review) (NYSE:OKE) - Seeking Alpha ue, 24 Feb 2026 14
- Why Oneok Fell Today - The Motley Fool ue, 24 Feb 2026 20
- Is It Time To Reassess ONEOK (OKE) After Its Mixed Share Price Performance - Yahoo Finance ue, 24 Feb 2026 05
- ONEOK (OKE) Q4 2025 Earnings: What You Need to Know - 24/7 Wall St. ue, 24 Feb 2026 12
- ONEOK, Inc. (NYSE:OKE) Given Average Recommendation of "Hold" by Analysts - MarketBeat Fri, 27 Feb 2026 06
- RSU vesting boosts ONEOK (NYSE: OKE) director Pierce Norton holdings - Stock Titan ue, 24 Feb 2026 21
- ONEOK falls 6.5% as 2026 guidance and capex outlook overshadow solid Q4 results - Quiver Quantitative ue, 24 Feb 2026 17
- Compared to Estimates, Oneok (OKE) Q4 Earnings: A Look at Key Metrics - Nasdaq Mon, 23 Feb 2026 23
- S&P 500 Movers | Winners: KEYS, AMD, PYPL | Losers: EXPD, OKE, MOH - Trefis Wed, 25 Feb 2026 04
- ONEOK (OKE): Wells Fargo Maintains Rating but Lowers Price Targe - GuruFocus Wed, 25 Feb 2026 16
- A Look At ONEOK’s (OKE) Valuation After Its Recent Share Price Rally - Yahoo Finance Mon, 23 Feb 2026 11
- Down 27% in 2025, This Worst-Performing Oil Stock Is Set to Go Parabolic in 2026 - The Motley Fool Mon, 12 Jan 2026 08
- ONEOK: My Top 3 Reasons To Buy The Stock (NYSE: OKE) - Seeking Alpha hu, 29 Jan 2026 08
- ONEOK (NYSE:OKE) Shares Down 5.5% - Here's What Happened - MarketBeat ue, 24 Feb 2026 18
- OKE Stock Surges 13% With A 7-day Winning Spree On 4% Dividend Hike - Trefis hu, 12 Feb 2026 05
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 7739 | — | — | HULSE WALTER S III | Chief Financial Officer | — | 2026-02-20 00:00:00 | D | nan |
| 1 | 5628 | — | — | BURDICK KEVIN L | Officer | — | 2026-02-20 00:00:00 | D | nan |
| 2 | 4924 | — | — | SWORDS SHERIDAN C | Officer | — | 2026-02-20 00:00:00 | D | nan |
| 3 | 2285 | — | — | SPEARS MARY M. | Officer | — | 2026-02-20 00:00:00 | D | nan |
| 4 | 17588 | — | — | NORTON PIERCE H II | Chief Executive Officer | — | 2026-02-20 00:00:00 | D | nan |
| 5 | 8538 | — | — | TAYLOR LYNDON C | Officer | — | 2026-02-20 00:00:00 | D | nan |
| 6 | 6556 | — | — | LENTZ RANDY N. | Chief Operating Officer | — | 2026-01-30 00:00:00 | D | nan |
| 7 | 727 | — | Stock Award(Grant) at price 78.00 per share. | OWODUNNI PRECIOUS WILLIAMS | Director | — | 2026-01-23 00:00:00 | D | 56706.0 |
| 8 | 727 | — | Stock Award(Grant) at price 78.00 per share. | MCCOLLUM MARK A | Director | — | 2026-01-23 00:00:00 | D | 56706.0 |
| 9 | 2500 | — | Purchase at price 66.00 per share. | DERKSEN BRIAN LLOYD | Director | — | 2025-11-03 00:00:00 | D | 165000.0 |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -17.73M | -37.86M | 0.00 | 0.00 |
| TaxRateForCalcs | 0.24 | 0.24 | 0.23 | 0.24 |
| NormalizedEBITDA | 6.69B | 5.29B | 3.55B | 3.34B |
| TotalUnusualItems | -73.00M | -158.00M | 0.00 | 0.00 |
| TotalUnusualItemsExcludingGoodwill | -73.00M | -158.00M | 0.00 | 0.00 |
| NetIncomeFromContinuingOperationNetMinorityInterest | 3.04B | 2.66B | 1.72B | 1.50B |
| ReconciledDepreciation | 1.13B | 769.00M | 626.00M | 622.00M |
| ReconciledCostOfRevenue | 14.45B | 12.70B | 18.54B | 12.88B |
| EBITDA | 6.62B | 5.13B | 3.55B | 3.34B |
| EBIT | 5.48B | 4.36B | 2.93B | 2.72B |
| NetInterestIncome | -1.37B | -866.00M | -676.00M | -733.00M |
| InterestExpense | 1.37B | 866.00M | 676.00M | 733.00M |
| NormalizedIncome | 3.09B | 2.78B | 1.72B | 1.50B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 3.04B | 2.66B | 1.72B | 1.50B |
| TotalExpenses | 16.64B | 13.45B | 19.58B | 13.94B |
| TotalOperatingIncomeAsReported | 4.99B | 4.07B | 2.81B | 2.60B |
| DilutedAverageShares | 586.50M | 485.40M | 448.40M | 447.40M |
| BasicAverageShares | 584.60M | 484.30M | 447.50M | 446.40M |
| DilutedEPS | 5.17 | 5.48 | 3.84 | 3.35 |
| BasicEPS | 5.19 | 5.49 | 3.85 | 3.36 |
| DilutedNIAvailtoComStockholders | 3.03B | 2.66B | 1.72B | 1.50B |
| AverageDilutionEarnings | 0.00 | 0.00 | 0.00 | 0.00 |
| NetIncomeCommonStockholders | 3.03B | 2.66B | 1.72B | 1.50B |
| PreferredStockDividends | 1.00M | 1.00M | 1.00M | 1.00M |
| NetIncome | 3.04B | 2.66B | 1.72B | 1.50B |
| MinorityInterests | -77.00M | 0.00 | 0.00 | |
| NetIncomeIncludingNoncontrollingInterests | 3.11B | 2.66B | 1.72B | 1.50B |
| NetIncomeContinuousOperations | 3.11B | 2.66B | 1.72B | 1.50B |
| TaxProvision | 998.00M | 838.00M | 528.00M | 484.00M |
| PretaxIncome | 4.11B | 3.50B | 2.25B | 1.98B |
| OtherIncomeExpense | 419.00M | 133.00M | 119.00M | 121.00M |
| OtherNonOperatingIncomeExpenses | 53.00M | 89.00M | -29.00M | -1.00M |
| SpecialIncomeCharges | -73.00M | -158.00M | 0.00 | 0.00 |
| GainOnSaleOfPPE | 1.39M | |||
| OtherSpecialCharges | -2.55M | -1.68M | ||
| WriteOff | 0.00 | 0.00 | ||
| ImpairmentOfCapitalAssets | 0.00 | 0.00 | ||
| RestructuringAndMergernAcquisition | 73.00M | 158.00M | 0.00 | 0.00 |
| EarningsFromEquityInterest | 439.00M | 202.00M | 148.00M | 122.00M |
| NetNonOperatingInterestIncomeExpense | -1.37B | -866.00M | -676.00M | -733.00M |
| InterestExpenseNonOperating | 1.37B | 866.00M | 676.00M | 733.00M |
| OperatingIncome | 5.06B | 4.23B | 2.81B | 2.60B |
| OperatingExpense | 2.19B | 749.00M | 1.04B | 1.06B |
| OtherOperatingExpenses | -305.00M | -786.00M | -105.00M | -2.00M |
| OtherTaxes | 334.00M | 216.00M | 191.00M | 167.00M |
| GrossProfit | 7.25B | 4.98B | 3.85B | 3.66B |
| CostOfRevenue | 14.45B | 12.70B | 18.54B | 12.88B |
| TotalRevenue | 21.70B | 17.68B | 22.39B | 16.54B |
| OperatingRevenue | 21.70B | 17.68B | 22.39B | 16.54B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 26.60M | 26.62M | 27.76M | 28.78M |
| OrdinarySharesNumber | 583.11M | 583.09M | 447.16M | 446.14M |
| ShareIssued | 609.71M | 609.71M | 474.92M | 474.92M |
| NetDebt | 31.34B | 21.33B | 13.40B | 13.50B |
| TotalDebt | 32.08B | 21.67B | 13.70B | 13.73B |
| TangibleBookValue | 5.91B | 10.22B | 5.74B | 5.25B |
| InvestedCapital | 49.11B | 38.15B | 20.11B | 19.66B |
| WorkingCapital | -481.00M | -344.00M | -503.00M | -810.25M |
| NetTangibleAssets | 5.91B | 10.22B | 5.74B | 5.25B |
| CapitalLeaseObligations | 97.00M | 80.00M | 89.42M | |
| CommonStockEquity | 17.04B | 16.48B | 6.49B | 6.02B |
| TotalCapitalization | 48.05B | 37.67B | 19.19B | 18.76B |
| TotalEquityGrossMinorityInterest | 22.13B | 16.48B | 6.49B | 6.02B |
| MinorityInterest | 5.10B | 0.00 | ||
| StockholdersEquity | 17.04B | 16.48B | 6.49B | 6.02B |
| GainsLossesNotAffectingRetainedEarnings | -96.00M | -33.00M | -108.00M | -471.35M |
| OtherEquityAdjustments | -96.00M | -33.00M | -108.00M | -471.35M |
| TreasuryStock | 807.00M | 677.00M | 706.00M | 732.10M |
| RetainedEarnings | 1.58B | 868.00M | 50.00M | 0.00 |
| AdditionalPaidInCapital | 16.35B | 16.32B | 7.25B | 7.21B |
| CapitalStock | 6.00M | 6.00M | 5.00M | 4.75M |
| CommonStock | 6.00M | 6.00M | 5.00M | 4.75M |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 41.94B | 27.78B | 17.89B | 17.61B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 37.22B | 24.33B | 14.83B | 14.42B |
| NonCurrentDeferredLiabilities | 6.20B | 3.15B | 2.07B | 1.60B |
| NonCurrentDeferredTaxesLiabilities | 5.45B | 2.59B | 1.74B | 1.17B |
| LongTermDebtAndCapitalLeaseObligation | 31.02B | 21.18B | 12.76B | 12.82B |
| LongTermCapitalLeaseObligation | 74.00M | 68.00M | 75.64M | |
| LongTermDebt | 31.02B | 21.18B | 12.70B | 12.75B |
| CurrentLiabilities | 4.72B | 3.45B | 3.05B | 3.18B |
| OtherCurrentLiabilities | 741.00M | 808.00M | 386.00M | 707.03M |
| CurrentDebtAndCapitalLeaseObligation | 1.06B | 484.00M | 937.00M | 909.60M |
| CurrentCapitalLeaseObligation | 23.00M | 12.00M | 13.78M | |
| CurrentDebt | 1.06B | 484.00M | 925.00M | 895.81M |
| OtherCurrentBorrowings | 1.06B | 484.00M | 925.00M | 895.81M |
| PayablesAndAccruedExpenses | 2.92B | 2.16B | 1.73B | 1.57B |
| CurrentAccruedExpenses | 511.00M | 381.00M | 233.00M | 235.60M |
| InterestPayable | 511.00M | 381.00M | 233.00M | 235.60M |
| Payables | 2.41B | 1.78B | 1.50B | 1.33B |
| TotalTaxPayable | 221.00M | 215.00M | 136.00M | 97.54M |
| AccountsPayable | 2.19B | 1.56B | 1.36B | 1.33B |
| TotalAssets | 64.07B | 44.27B | 24.38B | 23.62B |
| TotalNonCurrentAssets | 59.83B | 41.16B | 21.83B | 21.25B |
| OtherNonCurrentAssets | 450.00M | 319.00M | 324.00M | 366.46M |
| InvestmentsAndAdvances | 2.32B | 1.87B | 802.00M | 797.61M |
| LongTermEquityInvestment | 2.32B | 1.87B | 802.00M | 797.61M |
| InvestmentsinAssociatesatCost | 797.61M | |||
| GoodwillAndOtherIntangibleAssets | 11.13B | 6.27B | 753.00M | 763.29M |
| OtherIntangibleAssets | 3.04B | 1.32B | 225.00M | 235.70M |
| Goodwill | 8.09B | 4.95B | 528.00M | 527.59M |
| NetPPE | 45.94B | 32.70B | 19.95B | 19.32B |
| AccumulatedDepreciation | -6.34B | -5.76B | -5.06B | -4.50B |
| GrossPPE | 52.27B | 38.45B | 25.02B | 23.82B |
| ConstructionInProgress | 1.32B | 1.53B | 1.84B | 1.30B |
| MachineryFurnitureEquipment | 1.32B | 1.00B | 806.00M | 768.57M |
| LandAndImprovements | 592.00M | 375.00M | 160.00M | |
| CurrentAssets | 4.24B | 3.11B | 2.55B | 2.37B |
| OtherCurrentAssets | 431.00M | 426.00M | 172.00M | 165.69M |
| HedgingAssetsCurrent | 26.00M | 43.00M | 39.61M | |
| Inventory | 748.00M | 639.00M | 581.00M | 580.90M |
| OtherInventories | 748.00M | 639.00M | 432.00M | |
| FinishedGoods | 431.74M | 427.88M | ||
| RawMaterials | 148.00M | 149.00M | 153.02M | |
| Receivables | 2.33B | 1.71B | 1.53B | 1.44B |
| AccountsReceivable | 2.33B | 1.71B | 1.53B | 1.44B |
| CashCashEquivalentsAndShortTermInvestments | 733.00M | 338.00M | 220.00M | 146.39M |
| CashAndCashEquivalents | 733.00M | 338.00M | 220.00M | 146.39M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 2.87B | 2.83B | 1.70B | 1.85B |
| RepurchaseOfCapitalStock | -524.00M | 0.00 | 0.00 | |
| RepaymentOfDebt | -2.00B | -1.30B | -896.00M | -605.00M |
| IssuanceOfDebt | 7.09B | 5.30B | 869.00M | 0.00 |
| IssuanceOfCapitalStock | 32.44M | 32.79M | ||
| CapitalExpenditure | -2.02B | -1.59B | -1.20B | -697.00M |
| InterestPaidSupplementalData | 1.30B | 653.00M | 582.00M | 692.00M |
| IncomeTaxPaidSupplementalData | 102.00M | 37.00M | 59.00M | 9.00M |
| EndCashPosition | 733.00M | 338.00M | 220.00M | 146.00M |
| BeginningCashPosition | 338.00M | 220.00M | 146.00M | 524.00M |
| ChangesInCash | 395.00M | 118.00M | 74.00M | -378.00M |
| FinancingCashFlow | 2.12B | 2.10B | -1.69B | -2.26B |
| CashFlowFromContinuingFinancingActivities | 2.12B | 2.10B | -1.69B | -2.26B |
| NetOtherFinancingCharges | -135.00M | -58.00M | 6.00M | 13.00M |
| CashDividendsPaid | -2.31B | -1.84B | -1.67B | -1.67B |
| CommonStockDividendPaid | -2.31B | -1.84B | -1.67B | -1.67B |
| NetPreferredStockIssuance | -365.00M | 0.00 | 0.00 | |
| PreferredStockPayments | -365.00M | 0.00 | 0.00 | |
| NetCommonStockIssuance | -159.00M | 0.00 | 0.00 | 32.79M |
| CommonStockPayments | -159.00M | 0.00 | 0.00 | |
| CommonStockIssuance | 32.44M | 32.79M | ||
| NetIssuancePaymentsOfDebt | 5.09B | 4.00B | -27.00M | -605.00M |
| NetShortTermDebtIssuance | 0.00 | 0.00 | ||
| NetLongTermDebtIssuance | 5.09B | 4.00B | -27.00M | -605.00M |
| LongTermDebtPayments | -2.00B | -1.30B | -896.00M | -605.00M |
| LongTermDebtIssuance | 7.09B | 5.30B | 869.00M | 0.00 |
| InvestingCashFlow | -6.61B | -6.40B | -1.14B | -665.00M |
| CashFlowFromContinuingInvestingActivities | -6.61B | -6.40B | -1.14B | -665.00M |
| NetOtherInvestingChanges | 97.00M | 363.00M | 46.00M | 14.00M |
| DividendsReceivedCFI | 52.00M | 50.00M | 20.00M | 19.00M |
| NetBusinessPurchaseAndSale | -4.74B | -5.22B | -3.00M | -1.00M |
| SaleOfBusiness | 1.20B | 0.00 | 0.00 | |
| PurchaseOfBusiness | -5.94B | -5.22B | -3.00M | -1.00M |
| CapitalExpenditureReported | -2.02B | -1.59B | -1.20B | -697.00M |
| OperatingCashFlow | 4.89B | 4.42B | 2.91B | 2.55B |
| CashFlowFromContinuingOperatingActivities | 4.89B | 4.42B | 2.91B | 2.55B |
| DividendReceivedCFO | 390.00M | 202.00M | 147.00M | 123.00M |
| ChangeInWorkingCapital | -43.00M | 358.00M | -58.00M | -143.00M |
| ChangeInOtherWorkingCapital | -223.00M | 195.00M | 178.00M | -49.00M |
| ChangeInPayablesAndAccruedExpense | 114.00M | -62.00M | -26.00M | 622.00M |
| ChangeInPayable | 114.00M | -62.00M | -26.00M | 622.00M |
| ChangeInAccountPayable | 114.00M | -62.00M | -26.00M | 622.00M |
| ChangeInInventory | 17.00M | 118.00M | -62.00M | -105.00M |
| ChangeInReceivables | 49.00M | 107.00M | -148.00M | -611.00M |
| ChangesInAccountReceivables | 49.00M | 107.00M | -148.00M | -611.00M |
| OtherNonCashItems | 72.00M | -194.00M | 153.00M | 94.00M |
| AssetImpairmentCharge | 0.00 | 0.00 | ||
| DeferredTax | 889.00M | 829.00M | 464.00M | 472.00M |
| DeferredIncomeTax | 889.00M | 829.00M | 464.00M | 472.00M |
| DepreciationAmortizationDepletion | 1.13B | 769.00M | 626.00M | 622.00M |
| DepreciationAndAmortization | 1.13B | 769.00M | 626.00M | 622.00M |
| OperatingGainsLosses | -666.00M | -202.00M | -148.00M | -122.00M |
| EarningsLossesFromEquityInvestments | -439.00M | -202.00M | -148.00M | -122.00M |
| GainLossOnSaleOfBusiness | -227.00M | 0.00 | 0.00 | |
| NetIncomeFromContinuingOperations | 3.11B | 2.66B | 1.72B | 1.50B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for OKE
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|