ONEOK, Inc. (OKE)

US — Energy Sector
Peers: ET  FANG  LNG  TRGP  MPLX  OXY  IMO  TRP  SU 

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Key Metrics & Ratings

  • symbol OKE
  • Rev/Share 50.3253
  • Book/Share 35.3268
  • PB 2.059
  • Debt/Equity 1.5274
  • CurrentRatio 0.9041
  • ROIC 0.0712

 

  • MktCap 45624942064.0
  • FreeCF/Share 4.6556
  • PFCF 15.625
  • PE 13.6166
  • Debt/Assets 0.5063
  • DivYield 0.0568
  • ROE 0.1623

 

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

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade OKE Argus Hold Buy -- $79 Nov. 6, 2025
Resumed OKE Goldman -- Neutral -- $75 Sept. 30, 2025
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

Down 27% in 2025, This Worst-Performing Oil Stock Is Set to Go Parabolic in 2026
OKE
Published: January 12, 2026 by: The Motley Fool
Sentiment: Negative

Oneok is growing aggressively through back-to-back multibillion-dollar acquisitions. These acquisitions, however, have come at a cost, and that has driven the stock lower.

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image for news Down 27% in 2025, This Worst-Performing Oil Stock Is Set to Go Parabolic in 2026
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
OKE, VLO
Published: January 09, 2026 by: Zacks Investment Research
Sentiment: Positive

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

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image for news These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
2 Of The Best Buying Opportunities I've Seen In Years
ET, OKE
Published: January 05, 2026 by: Seeking Alpha
Sentiment: Positive

The market is obsessed with AI, creating attractive opportunities elsewhere. I share where I am finding some of the best opportunities today. I also detail two of the most attractive buying opportunities I have seen in a while.

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image for news 2 Of The Best Buying Opportunities I've Seen In Years
Energy Transfer vs. ONEOK: Which Stock Has Better Potential in 2026?
ET, OKE
Published: December 31, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE edges out ET with stronger ROE, better price gains and solid sales growth despite marginally higher debt levels.

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image for news Energy Transfer vs. ONEOK: Which Stock Has Better Potential in 2026?
If I Could Retire With Only 3 Dividend Growth Investments
AMLP, BAM, EPD, KMI, MLPA, OKE, SCHD, TRP, VIG, WMB, XLK
Published: December 29, 2025 by: Seeking Alpha
Sentiment: Neutral

The real goal of dividends in retirement isn't what most investors think. I discuss 3 investments that combine nicely to form a powerful dividend growth machine for retirement. I also discuss the biggest risk with each of these investments.

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image for news If I Could Retire With Only 3 Dividend Growth Investments
An Important Warning: Popular Income Stocks Are Getting Risky Here
AMLP, ARCC, BIZD, CSWC, KMI, MAIN, MLPX, OKE, PBDC, SCHD, VIG, WMB
Published: December 18, 2025 by: Seeking Alpha
Sentiment: Negative

Leading blue-chip dividend growth stocks appear to be untouchable, until you zoom out and see what's changed. A small shift in the macro could turn today's favorites into tomorrow's regrets. I detail why I'm walking away before most investors even notice the risk.

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image for news An Important Warning: Popular Income Stocks Are Getting Risky Here
ONEOK, Inc. (OKE) Presents at 2025 Wells Fargo 24th Annual Energy and Power Symposium Transcript
OKE
Published: December 12, 2025 by: Seeking Alpha
Sentiment: Neutral

ONEOK, Inc. (OKE) Presents at 2025 Wells Fargo 24th Annual Energy and Power Symposium Transcript

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image for news ONEOK, Inc. (OKE) Presents at 2025 Wells Fargo 24th Annual Energy and Power Symposium Transcript
7%+ Yields: I Am Giving Thanks For My Favorite Black Friday Special
AMLP, BIZD, ENB, EPD, ET, GEL, KMI, MLPA, OKE, TRP, UTG, VNQ, WMB, XLU
Published: November 28, 2025 by: Seeking Alpha
Sentiment: Positive

I am thankful for many things this year. I am particularly thankful for my favorite Black Friday special from Mr. Market. I detail why I like this high-yielding bargain.

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image for news 7%+ Yields: I Am Giving Thanks For My Favorite Black Friday Special
8 'Safer' Dividend Buys In Barron's 23 Better November Bets Than T-Bills
BBB, BBY, BMY, CAG, EQR, KEY, KIM, KMI, LYB, MO, O, OKE, PFE, PM, RF, UDR, VZ
Published: November 28, 2025 by: Seeking Alpha
Sentiment: Positive

Eight of the top fifteen Barron's Better Bets (BBB) 'Safer' dividend stocks, including Conagra, Altria, and Verizon, are currently attractively priced for income investors. Analyst forecasts project net gains of 18.44% to 29.95% for the top ten BBB Dogs by November 2026, with an average estimated gain of 22.01%. Stocks are considered 'dogs' when their reliable dividends and lower prices result in higher yields; eight of the top ten are already at ideal pricing levels.

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image for news 8 'Safer' Dividend Buys In Barron's 23 Better November Bets Than T-Bills
Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 4% Dividend Yields
CVX, OKE, PDCO
Published: November 26, 2025 by: Benzinga
Sentiment: Positive

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

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image for news Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 4% Dividend Yields
Moving From TC Energy To The Next Higher Yield And Dividend Growth Bet: ONEOK
OKE, TRP
Published: November 20, 2025 by: Seeking Alpha
Sentiment: Neutral

TC Energy (TRP) and ONEOK (OKE) are midstream companies that have been moving in different directions in terms of their share prices, resulting in one becoming undervalued. Both names have enjoyed a long history of paying and growing their dividends, and being in the midstream space generally results in higher relative yields as well. While both may be attractive long-term bets, I have recently made a move on OKE and expect my TRP shares to be called away after writing covered calls.

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image for news Moving From TC Energy To The Next Higher Yield And Dividend Growth Bet: ONEOK
What Is The Market Missing About ONEOK Stock?
OKE
Published: November 20, 2025 by: Forbes
Sentiment: Neutral

ONEOK (OKE) is a major U.S. midstream operator, moving and processing natural gas liquids through a large, fee-based pipeline network that delivers steady cash flow. Despite its scale and stability, the stock hasn't kept pace, creating a potential disconnect between performance and valuation.

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image for news What Is The Market Missing About ONEOK Stock?
Is Oneok (OKE) a Buy as Wall Street Analysts Look Optimistic?
OKE
Published: November 20, 2025 by: Zacks Investment Research
Sentiment: Positive

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 Is Oneok (OKE) a Buy as Wall Street Analysts Look Optimistic?
The Energy Chart Nobody Is Paying Attention To, But It Could Change Everything
AMLP, BOTZ, EPD, ET, KMI, LNG, OKE, TRP, WMB, XLE
Published: November 17, 2025 by: Seeking Alpha
Sentiment: Positive

I share the one chart that is not getting nearly enough attention, given its immense implications for the world economy. This chart reveals a massive power shift that markets haven't priced in, and it could reshape the entire future of AI, manufacturing, and geopolitics. I detail how I am positioning my portfolio to take advantage of it.

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image for news The Energy Chart Nobody Is Paying Attention To, But It Could Change Everything
One Of The Best High-Yield Setups I've Ever Seen
AMLP, BEP, BEPC, CEG, CRAK, CWEN, ENB, EPD, ET, FCG, HASI, ICLN, NVDA, OKE, PLTR, TRP, USO, UTF, VST, WMB, XLE, XLK, XLU
Published: November 14, 2025 by: Seeking Alpha
Sentiment: Positive

There is a major market disconnect emerging in the midst of the AI boom. I discuss why this disconnect provides investors with one of the most attractive high-yielding investment opportunities I have ever seen with near-term catalysts. I also share some of my top picks to profit from this disconnect.

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image for news One Of The Best High-Yield Setups I've Ever Seen
Could ONEOK Stock Rally?
OKE
Published: November 06, 2025 by: Forbes
Sentiment: Positive

ONEOK (OKE) has recently drawn investor interest as energy infrastructure names regain momentum amid stable oil prices and rising U.S. natural gas demand. The company has strengthened its balance sheet, expanded its pipeline and processing footprint, and reaffirmed solid 2025 guidance—all while its stock remains well below prior highs.

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image for news Could ONEOK Stock Rally?
The More My Top Infrastructure Pick Drops, The More I Buy: ONEOK
OKE
Published: November 05, 2025 by: Seeking Alpha
Sentiment: Positive

Oneok is now my top infrastructure pick after the stock has dropped significantly recently. I give a review of its recently reported results, which came in strong with headline adjusted EBITDA up 7%. I also detail its strengths and risks to explain why I am buying shares aggressively right now.

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image for news The More My Top Infrastructure Pick Drops, The More I Buy: ONEOK
Dividend Harvesting Portfolio Week 243: $24,300 Allocated, $2,687.49 In Projected Dividends
CTO, MO, OKE, QQQI, VZ
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Harvesting Portfolio reached $31,778.58, generating $2,687.49 in forward annual dividend income and a 31.32% return on invested capital. I added to CTO Realty Growth, citing its 9.67% yield, discounted valuation, and strong fundamentals ahead of a likely Fed rate cut. Earnings season and potential Fed rate cuts could drive further gains, benefiting high-yield holdings and supporting a bullish outlook for the portfolio.

Read More
image for news Dividend Harvesting Portfolio Week 243: $24,300 Allocated, $2,687.49 In Projected Dividends
10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
BBVA, BMY, CMCSA, EOG, EPD, ET, HMC, ITUB, LX, MFC, MPLX, OKE, PFE, SU, T, TFC, UPS, VICI, VZ, WB, YRD
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Positive

The article analyzes the top large-cap value (GASV) stocks using YCharts' Value Score and Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Ten of eighteen 'safer' lowest-priced GASV stocks, including ET, MPLX, YRD, VZ, BMY, TFC, T, SU, MFC, and BBVA, are considered buyable in October. Analyst projections suggest the top ten GASV stocks could deliver average net gains of 38.01% by October 2026, with Lexinfintech Holdings leading potential returns.

Read More
image for news 10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
Compared to Estimates, Oneok (OKE) Q3 Earnings: A Look at Key Metrics
OKE
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Oneok (OKE) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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image for news Compared to Estimates, Oneok (OKE) Q3 Earnings: A Look at Key Metrics
ONEOK, Inc. (OKE) Q3 2025 Earnings Call Transcript
OKE
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Neutral

ONEOK, Inc. ( OKE ) Q3 2025 Earnings Call October 29, 2025 11:00 AM EDT Company Participants Megan Patterson Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate Development Sheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Vrathan Reddy - JPMorgan Chase & Co, Research Division Michael Blum - Wells Fargo Securities, LLC, Research Division Spiro Dounis - Citigroup Inc. Exchange Research Theresa Chen - Barclays Bank PLC, Research Division Jean Ann Salisbury - BofA Securities, Research Division Manav Gupta - UBS Investment Bank, Research …

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image for news ONEOK, Inc. (OKE) Q3 2025 Earnings Call Transcript
ONEOK Delivers Record Results, Primed For Rebound (Rating Upgrade)
OKE
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK, Inc. is upgraded to Strong Buy after delivering record quarterly earnings and strong execution on recent acquisitions. OKE's diversified strategy, increased volumes, and exposure to U.S. LNG export growth position it for robust EBITDA and EPS growth through 2026. Despite elevated leverage, management expects to reach its target debt ratio by 2026, supported by strong cash flow and $250M in deal synergies.

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image for news ONEOK Delivers Record Results, Primed For Rebound (Rating Upgrade)
Oneok Inc. (OKE) Stock Drops Despite Market Gains: Important Facts to Note
OKE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

In the closing of the recent trading day, Oneok Inc. (OKE) stood at $68.61, denoting a -1.65% move from the preceding trading day.

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image for news Oneok Inc. (OKE) Stock Drops Despite Market Gains: Important Facts to Note
ONEOK Set to Report Q3 Earnings: Here's What You Need to Know
OKE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE's third-quarter results may reflect gains from pipeline expansions, acquisitions and fee-based revenues despite higher depreciation costs.

Read More
image for news ONEOK Set to Report Q3 Earnings: Here's What You Need to Know
What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q3 Earnings
OKE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Oneok (OKE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.

Read More
image for news What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q3 Earnings
Retirees: These 2 Dividend Stocks Could Pay Reliable Income for Years
O, OKE
Published: October 20, 2025 by: The Motley Fool
Sentiment: Positive

A stable income stream is the cornerstone of a worry-free retirement. By receiving reliable payments, retirees can focus on enjoying life rather than stressing over expenses.

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image for news Retirees: These 2 Dividend Stocks Could Pay Reliable Income for Years
Dividend Harvesting Portfolio Week 239: $23,900 Allocated, $2,615.21 In Projected Dividends
ENB, MO, O, OKE, QDTE
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Harvesting Portfolio saw a -1.91% decline this week, but remains up 32.7% on invested capital with strong forward dividend growth. Despite market volatility and government shutdown, I remain focused on compounding dividend income, projecting $2,615.21 annual income and aiming for $2,700 by 2026. Added to positions in ONEOK for its 5.65% yield and energy exposure, and Roundhill Innovation 100 0DTE Covered Call Strategy ETF for high weekly income.

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image for news Dividend Harvesting Portfolio Week 239: $23,900 Allocated, $2,615.21 In Projected Dividends
ONEOK, Inc. (OKE) Presents at 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript
OKE
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Neutral

ONEOK, Inc. (NYSE:OKE ) 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference September 30, 2025 1:25 PM EDT Company Participants Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate Development Sheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Keith Stanley - Wolfe Research, LLC Presentation Keith Stanley Wolfe Research, LLC Hello again, everybody. For those who don't know me, I'm Keith Stanley, I run our midstream group here at Wolfe Research and very happy to have ONEOK senior management with us as well today.

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image for news ONEOK, Inc. (OKE) Presents at 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript
7 Ideal "Safer" Dividend Buys From 61 September Graham Value All-Stars (GVAS)
BBVA, BMY, CMCSA, E, EPD, ET, MFC, MO, MPLX, MRK, OKE, PFE, TGT, TM, TTE, UPS, VZ, YRD
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Positive

The article analyzes Large Cap Value (GASV) stocks using YCharts' Value Score and the Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Seven of fourteen 'safer' lowest-priced GASV Dogs—ET, MPLX, YRD, VZ, BMY, BBVA, and MFC—are highlighted as buyable for September 2025. Top ten GASV stocks are projected by analysts to deliver average net gains of 26.84% by September 2026, with Energy Transfer (ET) leading at 35.43%.

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image for news 7 Ideal "Safer" Dividend Buys From 61 September Graham Value All-Stars (GVAS)
Oneok Inc. (OKE) Stock Slides as Market Rises: Facts to Know Before You Trade
OKE
Published: September 29, 2025 by: Zacks Investment Research
Sentiment: Negative

Oneok Inc. (OKE) closed the most recent trading day at $73.1, moving 1.07% from the previous trading session.

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image for news Oneok Inc. (OKE) Stock Slides as Market Rises: Facts to Know Before You Trade

About ONEOK, Inc. (OKE)

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