ONEOK Management
Management criteria checks 4/4
ONEOK's CEO is Pierce Norton, appointed in Jun 2021, has a tenure of 2.83 years. total yearly compensation is $9.55M, comprised of 8.7% salary and 91.3% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth $5.72M. The average tenure of the management team and the board of directors is 2.5 years and 8.3 years respectively.
Key information
Pierce Norton
Chief executive officer
US$9.5m
Total compensation
| CEO salary percentage | 8.7% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 2.5yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
What ONEOK, Inc.'s (NYSE:OKE) P/E Is Not Telling You
Apr 15
ONEOK: I'm Collecting Tolls From This Reliable Dividend Payer
Apr 10Ditch The Drill, Buy The Pipe: Why 5%-Yielding ONEOK Is Smart Energy Play
Mar 30ONEOK: Waiting For A Better Valuation On This 5%-Yielding Stock
Mar 06Earnings Report: ONEOK, Inc. Missed Revenue Estimates By 9.5%
Feb 28ONEOK Navigates New Waters With Magellan
Feb 27Should You Be Adding ONEOK (NYSE:OKE) To Your Watchlist Today?
Feb 26ONEOK: Solid Company, But Bakken Weather Likely To Impact Q1
Feb 05Here's Why ONEOK (NYSE:OKE) Can Manage Its Debt Responsibly
Jan 17ONEOK's Premium May Be Justified By Growth
Jan 15ONEOK, Inc. (NYSE:OKE) Shares Could Be 21% Below Their Intrinsic Value Estimate
Jan 02ONEOK: Deleveraging Likely To Limit Dividend Growth
Dec 28ONEOK, Inc.'s (NYSE:OKE) Popularity With Investors Is Under Threat From Overpricing
Dec 18ONEOK: Get Paid A 6% Yield And Beat The S&P 500
Nov 24Here's Why ONEOK (NYSE:OKE) Has Caught The Eye Of Investors
Nov 21Is 6%-Yielding ONEOK An Unbeatable S&P 500 Income Play?
Oct 24ONEOK: Strong Asset Base And The Magellan Deal Add More Fuel
Oct 12Does ONEOK (NYSE:OKE) Have A Healthy Balance Sheet?
Sep 22Magellan Midstream Partners And ONEOK: The Upcoming Vote Is Heating Up
Sep 08A Look At The Fair Value Of ONEOK, Inc. (NYSE:OKE)
Sep 06ONEOK: Expanding Competitive Advantage Amidst Inherent Risks
Aug 25Is Now The Time To Put ONEOK (NYSE:OKE) On Your Watchlist?
Aug 08ONEOK Has Reliable Cash Flow Growth Potential
Jul 31ONEOK - Buying For The Dividend And The Growth
Jul 22ONEOK: Captivating Dividend Yield And Secular Growth Potential
Jun 20Is ONEOK (NYSE:OKE) Using Too Much Debt?
Jun 06An Intrinsic Calculation For ONEOK, Inc. (NYSE:OKE) Suggests It's 32% Undervalued
May 22ONEOK's (NYSE:OKE) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 24ONEOK (NYSE:OKE) Is Looking To Continue Growing Its Returns On Capital
Mar 19ONEOK (NYSE:OKE) Has A Somewhat Strained Balance Sheet
Mar 07ONEOK Q4 2022 Earnings Preview
Feb 26ONEOK (NYSE:OKE) Ticks All The Boxes When It Comes To Earnings Growth
Feb 22ONEOK: 25+ Years Of Uninterrupted Dividends From This Toll Road-Like Business
Feb 20ONEOK raises quarterly dividend by 2.1% to $0.955/share
Jan 18Calculating The Fair Value Of ONEOK, Inc. (NYSE:OKE)
Jan 16ONEOK: Buy This 5.4% Yielding Retirement Dream Blue-Chip
Jan 12ONEOK files application for new natural gas pipeline near U.S.-Mexico border
Dec 20ONEOK: A Clear Beneficiary Of The Russia-Europe Problem
Dec 12ONEOK (NYSE:OKE) Is Experiencing Growth In Returns On Capital
Dec 11Does ONEOK (NYSE:OKE) Have A Healthy Balance Sheet?
Nov 29Here's Why We Think ONEOK (NYSE:OKE) Is Well Worth Watching
Nov 17ONEOK prices $750M senior notes offering
Nov 16ONEOK: 6% Yield, 9% Dividend Growth, Q3 Earnings This Week
Oct 30ONEOK declares $0.935 dividend
Oct 19ONEOK: A Smart 7.4% Yield To Turbocharge Your Retirement
Sep 27Estimating The Fair Value Of ONEOK, Inc. (NYSE:OKE)
Sep 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$10m | US$835k | US$3b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$8m | US$835k | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$7m | US$427k | US$1b |
Compensation vs Market: Pierce's total compensation ($USD9.55M) is about average for companies of similar size in the US market ($USD13.05M).
Compensation vs Earnings: Pierce's compensation has been consistent with company performance over the past year.
CEO
Pierce Norton (63 yo)
2.8yrs
Tenure
US$9,547,574
Compensation
Mr. Pierce H. Norton II, serves as President and Chief Executive Officer at Magellan GP, LLC, the general partner of Magellan since September 25, 2023. He has been President, Chief Executive Officer and Di...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$9.55m | 0.013% $ 5.7m | |
| CFO, Treasurer and Executive VP of Investor Relations & Corporate Development | 6.9yrs | US$4.92m | 0.031% $ 14.0m | |
| Executive Vice President of Commercial Liquids and Natural Gas Gathering & Processing | 7.3yrs | US$3.85m | 0.039% $ 17.7m | |
| Senior Vice President of Commercial Natural Gas Pipelines | 6.3yrs | US$3.15m | 0.024% $ 11.1m | |
| Executive VP & Chief Enterprise Services Officer | 2.1yrs | US$3.70m | 0.027% $ 12.3m | |
| Senior VP and Chief Accounting Officer of Finance & Tax. | 5.1yrs | no data | 0.0053% $ 2.4m | |
| Executive VP | less than a year | no data | 0% $ 0 | |
| Senior Vice President of Communications & Community Relations | 1.7yrs | no data | no data | |
| Senior Vice President of Natural Gas Liquids & Natural Gas Operations | less than a year | no data | 0.0099% $ 4.5m | |
| Senior Vice President of Commercial | less than a year | no data | no data | |
| Senior Vice President of Corporate Development | 2.8yrs | no data | no data | |
| Senior Vice President of Refined Products & Crude Operations | less than a year | no data | 0.00071% $ 322.6k |
2.5yrs
Average Tenure
59yo
Average Age
Experienced Management: OKE's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$9.55m | 0.013% $ 5.7m | |
| Independent Director | 22.3yrs | US$260.40k | 0.00058% $ 263.5k | |
| Independent Director | 20.3yrs | US$271.00k | 0.0043% $ 2.0m | |
| Independent Chairman of the Board | 16.8yrs | US$416.82k | 0.011% $ 4.8m | |
| Independent Director | 12.3yrs | US$263.50k | 0.0059% $ 2.7m | |
| Independent Director | 16.8yrs | US$272.39k | 0.00034% $ 154.5k | |
| Independent Director | 3.3yrs | US$267.50k | no data | |
| Independent Director | 8.3yrs | US$251.00k | 0.0047% $ 2.1m | |
| Independent Director | 5.2yrs | US$251.00k | 0.0049% $ 2.2m | |
| Independent Director | 8.3yrs | US$276.00k | 0.0032% $ 1.5m | |
| Independent Director | less than a year | US$167.67k | 0.00024% $ 109.0k | |
| Independent Director | less than a year | US$167.67k | 0.00046% $ 209.0k |
8.3yrs
Average Tenure
65yo
Average Age
Experienced Board: OKE's board of directors are considered experienced (8.3 years average tenure).