ONEOK, Inc. (OKE)

US — Energy Sector
Peers: KMI  EPD  WMB  MPLX  ENB 

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Key Metrics & Ratings

  • symbol OKE
  • Rev/Share 44.5679
  • Book/Share 34.9235
  • PB 2.089
  • Debt/Equity 1.4873
  • CurrentRatio 0.5862
  • ROIC 0.0681

 

  • MktCap 45789558760.0
  • FreeCF/Share 4.5966
  • PFCF 15.8826
  • PE 14.7442
  • Debt/Assets 0.5032
  • DivYield 0.0561
  • ROE 0.1604

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation OKE TD Cowen -- Hold -- $91 July 7, 2025
Resumed OKE Citigroup -- Buy -- $110 Feb. 28, 2025
Upgrade OKE Wolfe Research Peer Perform Outperform -- $110 Feb. 10, 2025
Resumed OKE Barclays -- Equal Weight -- -- Feb. 6, 2025
Initiation OKE Scotiabank -- Sector Outperform -- $109 Jan. 10, 2025
Downgrade OKE Wells Fargo Overweight Equal Weight -- $107 Dec. 18, 2024
Resumed OKE BofA Securities -- Buy -- $105 Oct. 17, 2024
Upgrade OKE Morgan Stanley Equal Weight Overweight $103 $111 Sept. 16, 2024

News

Energy Transfer vs. ONEOK: Which Stock Has More Upside Now?
ET, OKE
Published: August 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Energy Transfer and ONEOK continue to strengthen their midstream operation in North America to provide reliable services to their customers.

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image for news Energy Transfer vs. ONEOK: Which Stock Has More Upside Now?
Undercovered Dozen: Precigen, ONEOK, Bitmine And More
BMNR, OKE, PGEN
Published: August 22, 2025 by: Seeking Alpha
Sentiment: Positive

This week's Undercovered Dozen highlights 12 lesser-known stocks and ETFs with compelling investment theses and recent catalysts. Standouts include CGDV's market-beating performance, DIVO's retirement risk management, and ONEOK's undervaluation and growth prospects. Speculative opportunities like Viking Therapeutics and Gorilla Technology offer high risk/reward, while Canadian Natural Resources and Rheinmetall present strong value and growth.

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image for news Undercovered Dozen: Precigen, ONEOK, Bitmine And More
ONEOK's Price Slump Is A High-Yield Buying Opportunity
OKE
Published: August 21, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK offers a nearly 6% dividend yield, is attractively valued after a recent share price drop, and doesn't issue a K-1, simplifying taxes. Long-term growth drivers include rising LNG exports, natural gas replacing coal, and surging AI-driven electricity demand, supporting sustained EBITDA growth. ONEOK's EBITDA per share is expected to grow 20% this year and at least 10% over the next two years, with solid growth prospects beyond 2027.

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image for news ONEOK's Price Slump Is A High-Yield Buying Opportunity
ONEOK: Cautiously Interested (Ratings Upgrade)
OKE
Published: August 21, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK's integrated midstream network and recent acquisitions drive strong EBITDA growth and position it for continued expansion in key U.S. energy markets. Robust cash flow supports a 5.6% dividend yield, ongoing share repurchases, and a sustainable payout ratio, underscoring commitment to shareholder returns. Volume growth across NGL, refined, and processing segments, plus new projects, fuel future earnings and resilience despite industry volatility.

Read More
image for news ONEOK: Cautiously Interested (Ratings Upgrade)
The Only 2 Places I'd Put Big Money For Income And Growth Right Now
ADC, AM, APO, BIP, BIPC, BN, CAT, CMI, CNI, CP, CSX, ENB, EPRT, ET, IGF, LINE, MPLX, NEE, NNN, O, OKE, OWL, PLD, REXR, TRP
Published: August 18, 2025 by: Seeking Alpha
Sentiment: Positive

I hunt investments that combine safety, income, and growth, avoiding hype and focusing on long-term, high-quality opportunities. Some areas are unloved and undervalued, offering income, potential growth, and protection against inflation, perfect for patient investors. I seek places with professional management, liquidity, and dual potential, giving me both steady income and the chance for capital gains.

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image for news The Only 2 Places I'd Put Big Money For Income And Growth Right Now
2 Of The Best Deeply Undervalued Retirement Dividend Growth Machines
ADC, EPD, EPRT, ET, KMI, O, OKE, SCHD, VNQ, WMB
Published: August 14, 2025 by: Seeking Alpha
Sentiment: Positive

Retirees tend to love stocks that combine big dividends, inflation-beating dividend growth, strong balance sheets, and durable and defensive business models. Even better, when retirees can buy these sorts of stocks at clear discounts to intrinsic value, they also can enjoy big upside potential. We share two of the best opportunities that check these boxes right now.

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image for news 2 Of The Best Deeply Undervalued Retirement Dividend Growth Machines
I'd Load Up On These 5%-9% Yielders If I Had The Cash
ARIS, OKE, WES
Published: August 11, 2025 by: Seeking Alpha
Sentiment: Neutral

The market's gains come from a tiny group of stocks. Owning the S&P 500 is safe, but boring. I prefer hunting overlooked winners. The S&P 500's dominance hides growing concentration risks. While Big Tech thrives on momentum, I prefer hunting in overlooked corners of the market, where strong fundamentals meet unjustified skepticism. My latest finds combine high yield, resilient cash flows, and secular tailwinds. Proof that you don't need to chase the crowd for quality.

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image for news I'd Load Up On These 5%-9% Yielders If I Had The Cash
Compared to Estimates, Oneok (OKE) Q2 Earnings: A Look at Key Metrics
OKE
Published: August 08, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Oneok (OKE) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Compared to Estimates, Oneok (OKE) Q2 Earnings: A Look at Key Metrics
ONEOK, Inc. (OKE) Q2 2025 Earnings Call Transcript
OKE
Published: August 05, 2025 by: Seeking Alpha
Sentiment: Neutral

ONEOK, Inc. (NYSE:OKE ) Q2 2025 Earnings Conference Call August 5, 2025 11:00 AM ET Company Participants Megan Patterson - Corporate Participant Pierce H. Norton - President, CEO & Director Sheridan C.

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image for news ONEOK, Inc. (OKE) Q2 2025 Earnings Call Transcript
ONEOK Q2 Earnings Meet Estimates, Revenues Rise Year Over Year
OKE
Published: August 05, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE posts flat Q2 EPS, sees a 61% revenue surge and lowers 2025 net income guidance despite strong natural gas metrics.

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image for news ONEOK Q2 Earnings Meet Estimates, Revenues Rise Year Over Year
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
OKE
Published: August 05, 2025 by: Reuters
Sentiment: Positive

Midstream company ONEOK said on Tuesday it has made a final investment decision to build a new natural gas processing plant in the Delaware Basin, aiming to grow its footprint in the top U.S. shale field as gas volumes surge.

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image for news Pipeline operator ONEOK greenlights new Delaware Basin gas plant
Oneok (OKE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
OKE
Published: July 31, 2025 by: Zacks Investment Research
Sentiment: Neutral

Evaluate the expected performance of Oneok (OKE) for the quarter ended June 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Read More
image for news Oneok (OKE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
ONEOK to Release Q2 Earnings: What's in Store for the Stock?
OKE
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE's second-quarter 2025 earnings are likely to have gained from full ownership of Delaware G&P and strong fee-based revenues.

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image for news ONEOK to Release Q2 Earnings: What's in Store for the Stock?
Oneok Inc. (OKE) Ascends While Market Falls: Some Facts to Note
OKE
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Neutral

In the closing of the recent trading day, Oneok Inc. (OKE) stood at $83.47, denoting a +2.03% move from the preceding trading day.

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image for news Oneok Inc. (OKE) Ascends While Market Falls: Some Facts to Note
Oneok Inc. (OKE) Earnings Expected to Grow: Should You Buy?
OKE
Published: July 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Oneok (OKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Oneok Inc. (OKE) Earnings Expected to Grow: Should You Buy?
Why Oneok Inc. (OKE) is a Top Momentum Stock for the Long-Term
OKE
Published: July 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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image for news Why Oneok Inc. (OKE) is a Top Momentum Stock for the Long-Term
Why Oneok Inc. (OKE) is a Top Value Stock for the Long-Term
OKE
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Why Oneok Inc. (OKE) is a Top Value Stock for the Long-Term
Wall Street Analysts Think Oneok (OKE) Could Surge 28.58%: Read This Before Placing a Bet
OKE
Published: July 22, 2025 by: Zacks Investment Research
Sentiment: Positive

The consensus price target hints at a 28.6% upside potential for Oneok (OKE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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image for news Wall Street Analysts Think Oneok (OKE) Could Surge 28.58%: Read This Before Placing a Bet
Buy The Dip: 2 Blue-Chip Dividend Stocks Getting Way Too Cheap
ENB, JEPQ, KMI, OKE, RYN, SCHD, TRP, VNQ, WMB
Published: July 16, 2025 by: Seeking Alpha
Sentiment: Positive

Blue-chip dividend stocks are one of the best ways to achieve financial freedom. That is why I buy them aggressively whenever they go on sale. I share 2 blue-chip dividend stocks with attractive yields that are getting very cheap after their recent big dips.

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image for news Buy The Dip: 2 Blue-Chip Dividend Stocks Getting Way Too Cheap
ONEOK Gains Momentum Through Acquisitions and Strategic Spending
OKE
Published: July 14, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE accelerates growth through major acquisitions, robust capital plans and surging fee-based earnings despite mounting competition in the sector.

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image for news ONEOK Gains Momentum Through Acquisitions and Strategic Spending
2 Must-Own Dividends For Recurring Income
D, ENB, KMI, OKE, TRP, WMB, WPC
Published: July 09, 2025 by: Seeking Alpha
Sentiment: Positive

Now is a good time to be choosy when it comes to quality dividend stocks. I highlight two stocks that offer resilient cash flow streams in two distinct industries. Both carry BBB+ rated balance sheets and offer dividend yields averaging 6%.

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image for news 2 Must-Own Dividends For Recurring Income
ET or OKE: Which Is the Better Value Stock Right Now?
ET, OKE
Published: July 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors with an interest in Oil and Gas - Production Pipeline - MLB stocks have likely encountered both Energy Transfer LP (ET) and Oneok Inc. (OKE). But which of these two stocks presents investors with the better value opportunity right now?

Read More
image for news ET or OKE: Which Is the Better Value Stock Right Now?
Brokers Suggest Investing in Oneok (OKE): Read This Before Placing a Bet
OKE
Published: June 25, 2025 by: Zacks Investment Research
Sentiment: Neutral

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

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image for news Brokers Suggest Investing in Oneok (OKE): Read This Before Placing a Bet
10 'Safer' Dividend Buys Of Barron's Better Bets Than T-Bills For June
BBY, BMY, CAG, EQR, ETR, FRT, KEY, KIM, KMI, LYB, MO, O, OKE, PFE, RF, SPG, TFC, UDR, USB, VZ, WMB
Published: June 24, 2025 by: Seeking Alpha
Sentiment: Positive

Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” — Barron's Weekly. In Barron's, Steven Wieting, strategist at Citi Wealth, noted that a growing dividend is a tangible benefit for shareholders and a hallmark of companies with strong balance sheets. "Nobody can fake a dividend," he said.

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image for news 10 'Safer' Dividend Buys Of Barron's Better Bets Than T-Bills For June
This Oil & Gas Stock is Ready to Make a Move
OKE
Published: June 13, 2025 by: Schaeffers Research
Sentiment: Neutral

Oil & gas services stock ONEOK, Inc. (NYSE:OKE) is trying to carve out of a low at its 2020 highs, 2024 summer lows, and spring 2025 lows. The shares are holding the open interest (OI) balance at the 80-strike, and back in April found a low at the peak put 75 strike.

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image for news This Oil & Gas Stock is Ready to Make a Move
ONEOK Gains From Fee-Based Earnings and Strategic Investments
OKE
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Neutral

OKE continues to benefit from higher fee-based earnings and infrastructure growth but faces rising competition and land-usage risks.

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image for news ONEOK Gains From Fee-Based Earnings and Strategic Investments
The Market Has Yet To Price In Full Synergies For ONEOK's Recent Acquisitions
OKE
Published: June 12, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK's diversified midstream operations and recent acquisitions position it for stable, long-term growth and enhanced dividend potential. Despite a premium valuation and elevated debt, strong fee-based contracts and improving margins support a positive outlook. Recent deals like Magellan, Medallion, and EnLink diversify revenue streams and should drive significant synergies and future earnings growth.

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image for news The Market Has Yet To Price In Full Synergies For ONEOK's Recent Acquisitions
3 Passive 'SWAN' Stocks (Hint: They're Not REITs)
ES, OKE, PNC
Published: June 06, 2025 by: Seeking Alpha
Sentiment: Positive

Buying and holding companies that provide reliable streams of passive income can help an investor stay one step ahead of bills. In today's article, I'll highlight a major midstream player, an electric and gas utility, and a super-regional bank/financial services company. Relative to my fair value estimates, the stocks vary from 9% to 16% discounted.

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image for news 3 Passive 'SWAN' Stocks (Hint: They're Not REITs)
ONEOK Announces Full Ownership of Delaware Basin JV for $940M
OKE
Published: June 04, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE takes full control of the Delaware Basin joint venture in a $940-million deal, deepening its Permian Basin footprint and boosting integration.

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image for news ONEOK Announces Full Ownership of Delaware Basin JV for $940M
ET vs. OKE: Which Stock Is the Better Value Option?
ET, OKE
Published: June 04, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors looking for stocks in the Oil and Gas - Production Pipeline - MLB sector might want to consider either Energy Transfer LP (ET) or Oneok Inc. (OKE). But which of these two stocks presents investors with the better value opportunity right now?

Read More
image for news ET vs. OKE: Which Stock Is the Better Value Option?

About ONEOK, Inc. (OKE)

  • IPO Date 1980-10-01
  • Website https://www.oneok.com
  • Industry Oil & Gas Midstream
  • CEO Pierce H. Norton II
  • Employees 5177

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space. It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.