OKE * Stock Overview

Operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. More details

OKE * fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	3/6
Financial Health	2/6
Dividends	5/6

Rewards

Trading at 31.5% below our estimate of its fair value

Earnings are forecast to grow 11.07% per year

Earnings grew by 14.1% over the past year

Pays a reliable dividend of 4.78%

Analysts in good agreement that stock price will rise by 27%

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

ONEOK, Inc. Competitors

MPLX

NYSE:MPLX

US$51.7b

TC Energy

TSX:TRP

CA$71.2b

Energy Transfer

NYSE:ET

US$59.3b

Kinder Morgan

NYSE:KMI

US$60.2b

Price History & Performance

Summary of share price highs, lows and changes for ONEOK
Historical stock prices
Current Share Price	US$1,858.95
52 Week High	US$0
52 Week Low	US$0
Beta	1.17
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	OKE *	MX Oil and Gas	MX Market
7D	0%	-1.2%	3.1%
1Y	n/a	-15.4%	-6.6%

Return vs Industry: Insufficient data to determine how OKE * performed against the MX Oil and Gas industry.

Return vs Market: Insufficient data to determine how OKE * performed against the MX Market.

Price Volatility

Is OKE *'s price volatile compared to industry and market?
OKE * volatility
OKE * Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	7.3%
Market Average Movement	4.6%
10% most volatile stocks in MX Market	7.8%
10% least volatile stocks in MX Market	2.8%

Stable Share Price: OKE *'s share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine OKE *'s volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1906	5,177	Pierce Norton	www.oneok.com/

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.

ONEOK, Inc. Fundamentals Summary

How do ONEOK's earnings and revenue compare to its market cap?
OKE * fundamental statistics
Market cap	Mex$1.02t
Earnings (TTM)	Mex$59.84b
Revenue (TTM)	Mex$427.92b

17.0x

P/E Ratio

2.4x

P/S Ratio

Is OKE * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OKE * income statement (TTM)
Revenue	US$21.70b
Cost of Revenue	US$13.31b
Gross Profit	US$8.39b
Other Expenses	US$5.35b
Earnings	US$3.03b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Apr 29, 2025

Earnings per share (EPS)	5.08
Gross Margin	38.65%
Net Profit Margin	13.98%
Debt/Equity Ratio	144.9%

How did OKE * perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

77%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/18 12:00
End of Day Share Price	2025/04/03 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ONEOK, Inc. is covered by 42 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Selesky	Argus Research Company
Ethan Bellamy	Baird
Richard Gross	Barclays