Oneok Inc (OKE)
NYSE:OKE
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OKE Stock Chart & Stats
$83.51
$0.79(0.78%)
At close: 4:00 PM EST
$83.51
$0.79(0.78%)
Day’s Range― - ―
52-Week Range$64.02 - $96.07
Previous CloseN/A
Volume536.23K
Average Volume (3M)3.73M
Market Cap
$57.07B
Enterprise Value$86.36B
Total Cash (Recent Filing)$172.00M
Total Debt (Recent Filing)$33.65B
Price to Earnings (P/E)15.6
Beta0.51
Next Earnings
Aug 10, 2026EPS Estimate
1.48Next Dividend Ex-DateN/A
Dividend Yield5.61%
Share Statistics
EPS (TTM)5.62
Shares Outstanding630,032,840
10 Day Avg. Volume2,957,944
30 Day Avg. Volume3,731,916
Financial Highlights & Ratios
PEG Ratio2.95
Price to Book (P/B)2.06
Price to Sales (P/S)1.38
P/FCF Ratio18.92
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit10.24
Enterprise Value/Ebitda11.00
Forecast
1Y Price Target
$94.78Price Target Upside13.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)5.7
Revenue Forecast (FY)$37.19B
Bulls Say, Bears Say
Bulls Say
Near-term Capacity ExpansionONEOK's pipeline, processing and fractionation projects (Permian relocations, Delaware expansions, Powder River and Rockies plants, Medford fractionator) expand throughput and connectivity. These capacity additions are largely fee-oriented or contracted, supporting durable volume growth, stable fee revenues and improved long-term cash generation as projects fully ramp by 2026–27.
Upgraded 2026 Guidance & ExecutionManagement's raised guidance following a strong Q1 demonstrates operational execution and visibility into earnings drivers. Improved EBITDA and net income midpoints reflect sustainable throughput and optimization gains, reinforcing planning for deleveraging, maintenance/growth capex execution, and predictable cash returns over the next 2–6 months.
Structural Midstream Tailwinds & DiversificationONEOK's integrated footprint across gathering, processing, NGL fractionation, pipelines and export terminals positions it to capture secular growth in gas demand, LNG exports and petrochemicals. Diversified service lines (transport, storage, processing, fractionation, marketing) reduce single-commodity exposure and support durable, fee-based cash flows over time.
Bears Say
Meaningful Financial LeverageONEOK's elevated leverage is typical for capital-intensive midstream assets but increases interest and refinancing risk. Large absolute debt limits the company's ability to pursue opportunistic investments or aggressive shareholder returns without sustained cash generation, and rising rates or an operational setback would constrain deleveraging timelines.
Weak Cash Conversion & Falling FCFOperating cash flow below net income and a free cash flow coverage ratio under 50% indicate uneven cash quality and working-capital swings. With significant growth CapEx through mid‑2027, lower FCF constrains the pace of debt reduction and limits optionality on dividends or buybacks unless FCF stabilizes or improves materially.
Hedging & Basis Normalization RiskAggressive early hedging limited ONEOK's ability to capture commodity price upside in Q1, and management expects Waha‑to‑Katy and other differentials to normalize in H2 2026. These factors can remove recent margin tailwinds and reduce near-term upside to realized prices, pressuring EBITDA growth until broader market or contractual benefits reappear.
Oneok News
OKE FAQ
What was Oneok Inc’s price range in the past 12 months?
Oneok Inc lowest stock price was $64.02 and its highest was $96.07 in the past 12 months.
What is Oneok Inc’s market cap?
Oneok Inc’s market cap is $57.07B.
When is Oneok Inc’s upcoming earnings report date?
Oneok Inc’s upcoming earnings report date is Aug 10, 2026 which is in 55 days.
How were Oneok Inc’s earnings last quarter?
Oneok Inc released its earnings results on Apr 28, 2026. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.296 by -$0.066.
Is Oneok Inc overvalued?
According to Wall Street analysts Oneok Inc’s price is currently Undervalued.
Does Oneok Inc pay dividends?
Oneok Inc pays a Quarterly dividend of $1.07 which represents an annual dividend yield of 5.61%. See more information on Oneok Inc dividends here
What is Oneok Inc’s EPS estimate?
Oneok Inc’s EPS estimate is 1.48.
How many shares outstanding does Oneok Inc have?
Oneok Inc has 630,032,840 shares outstanding.
What happened to Oneok Inc’s price movement after its last earnings report?
Oneok Inc reported an EPS of $1.23 in its last earnings report, missing expectations of $1.296. Following the earnings report the stock price went down -0.523%.
Which hedge fund is a major shareholder of Oneok Inc?
Currently, no hedge funds are holding shares in OKE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Oneok Stock Smart Score
Outperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$94.78 (13.49% Upside)
$94.78 (13.49% Upside)
Blogger Sentiment
Bullish
OKE Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 187.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 0.5%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.17%
12-Months-Change
Fundamentals
Return on Equity
15.92%
Trailing 12-Months
Asset Growth
6.13%
Trailing 12-Months
Company Description
Oneok Inc
ONEOK, Inc., along with its subsidiaries, functions as a leading energy infrastructure company within the United States. Its primary focus is the comprehensive management of natural gas, encompassing gathering, processing, storage, and transportation. These operations are structured into three distinct segments: Natural Gas Gathering and Processing, Natural Gas Liquids (NGL), and Natural Gas Pipelines. The company owns an extensive system of natural gas gathering pipelines and processing plants, predominantly situated in the Mid-Continent and Rocky Mountain regions. Furthermore, ONEOK manages both federally (FERC) and state-regulated interstate and intrastate natural gas transmission pipelines, alongside crucial natural gas storage facilities. A significant component of ONEOK's business is dedicated to Natural Gas Liquids. The company handles the entire NGL value chain, from collecting, treating, and fractionating to transporting, storing, marketing, and distributing these products. Its NGL infrastructure includes a broad network of gathering and distribution pipelines across Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado. Additionally, NGL terminal and storage assets are maintained in Kansas, Missouri, Nebraska, Iowa, and Illinois. ONEOK also operates pipelines for NGL distribution and refined petroleum products throughout Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, supported by integrated truck and rail loading and unloading facilities connected to its NGL fractionation, storage, and pipeline network. The company's substantial physical footprint comprises approximately 17,500 miles of natural gas gathering pipelines, 1,500 miles of FERC-regulated interstate natural gas pipelines, and 5,100 miles of state-regulated intrastate transmission pipelines. The NGL segment benefits from six storage facilities and eight product terminals. Separately, ONEOK also owns and leases a parking garage and excess office space in downtown Tulsa, Oklahoma. ONEOK serves a wide and varied customer base throughout the energy sector. This includes integrated and independent exploration and production (E&P) companies, natural gas and NGL gathering and processing enterprises, crude oil and natural gas producers, propane distributors, municipalities, and ethanol producers. The company also supports petrochemical, refining, and NGL marketing firms, as well as natural gas distribution utilities, electric power generation companies, and various other energy producers, processors, and marketers. Founded in 1906, ONEOK, Inc. is headquartered in Tulsa, Oklahoma.
OKE Company Deck
OKE Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: management reported strong Q1 results (net income +12%, adjusted EBITDA +13%), raised full‑year 2026 financial guidance, and highlighted broad-based volume growth and multiple near-term capacity projects coming online. Balance sheet actions (note redemption and a $1.2B term loan) and accelerating export demand further supported optimism. Offsetting factors included a $60M impairment, the impact of aggressive early hedging on realized prices in Q1, margin headwinds from regional basis differentials, and the expectation that some differential benefits will normalize in H2. Management emphasized operational execution, project timelines and that most major free cash flow benefits will materialize as projects complete by mid‑2027.View all OKE earnings summariesOKE Revenue Breakdown
76.02% Liquids commodity sales
9.85% Residue natural gas
4.37% Exchange services and natural gas gathering and processing revenue
9.33% Transportation and storage
0.43% Other
OKE Stock 12 Month Forecast
Average Price Target
$94.78
▲(13.49% Upside)
Technical Analysis
Ownership Overview
0.15% Insiders
23.16% Mutual Funds
17.32% Other Institutional Investors
26.83% Public Companies and Individual Investors