OKE
NYSE · Energy
Oneok Inc
$90.94
+1.02 (+1.13%)
Performance
1D
—
1W
—
1M
—
3M
+24.83%
6M
+23.07%
1Y
-11.17%
YTD
+22.33%
Open$90.44
Previous Close$89.92
Day High$92.02
Day Low$90.29
52W High$103.64
52W Low$64.02
Volume—
Avg Volume4.38M
Market Cap54.52B
P/E Ratio16.33
EPS$5.43
SectorEnergy
Technical Indicators
Full analysis →
SMA 50
$76.52
Above
SMA 200
$76.10
Above
RSI (14)
73.6
Overbought
Trend
Golden Cross
Bullish
Analyst Ratings
Hold
27 analysts
Price Target
+222.1% upside
Current
$90.94
$90.94
Target
$292.88
$292.88
$196.25
$292.88 avg
$341.37
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 43.46B | 44.74B | 45.00B |
| Net Income | 3.25B | 3.01B | 6.11B |
| Profit Margin | 2.4% | 2.3% | 13.6% |
| EBITDA | 6.61B | 6.47B | 9.79B |
| Free Cash Flow | — | — | 6.31B |
| Rev Growth | -2.9% | -2.9% | +14.3% |
| Debt/Equity | 1.88 | 1.88 | 0.89 |
Dividend
Dividend Yield4.93%
Annual Dividend$3.97
Payout Ratio76.2%
Frequencyquarterly
Ex-DividendMar 29, 2026
Pay DateApr 9, 2026
About Oneok Inc
ONEOK, Inc. is a leading midstream service provider headquartered in Tulsa, Oklahoma, primarily engaged in the gathering, processing, fractionation, storage, and transportation of natural gas and natural gas liquids across the United States. The company operates one of the nation's premier natural gas liquids systems, connecting NGL supply from the Williston, Permian, and Mid-Continent basins to key market centers. Following its acquisition of Magellan Midstream Partners, ONEOK significantly expanded its refined products pipeline and storage network. The company serves a broad range of producers, processors, and end-use customers through an extensive infrastructure network.
Energy Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| XOM | Exxon Mobil Corp | $165.38 | +2.64% | 22.1 | 637.07B |
| CVX | Chevron Corporation | $206.79 | +0.77% | 30.3 | 372.06B |
| ENB | Enbridge Inc | $54.44 | +0.52% | 21.6 | 161.85B |
| TTE | Totalenergies Se | $88.79 | -0.39% | 8.3 | 168.10B |
| COP | Conocophillips | $129.35 | +1.70% | 19.4 | 155.27B |
| CNQ | Canadian Natural Resources | $49.02 | +1.32% | 13.4 | 144.98B |
OKE Frequently Asked Questions
What does ONEOK do?
ONEOK gathers, processes, and transports natural gas and natural gas liquids across the U.S. through an extensive pipeline and processing network concentrated in the Midcontinent, Rockies, Permian Basin, and Gulf Coast regions. The company's acquisition of Magellan Midstream Partners significantly expanded its reach into refined petroleum product transportation, creating a more diversified midstream business. Revenue is predominantly fee-based — ONEOK charges for throughput and processing capacity rather than betting on commodity prices — giving it more earnings predictability than upstream producers.
Is OKE stock a good investment?
ONEOK's fee-based model insulates most of its earnings from commodity price swings, and the company has a history of consistent dividend payments that attract income investors. The Magellan integration expanded the asset base and earnings potential but added debt that management is working to reduce. Natural gas demand growth — driven by LNG exports, power generation, and industrial use — supports long-term volume growth across ONEOK's footprint. The dividend yield is one of the highest among large-cap midstream companies, which is a significant draw for investors seeking income from the energy sector.
Who are ONEOK's main competitors?
Williams Companies is ONEOK's most direct peer, operating a large natural gas gathering and transportation network with significant Haynesville and Transco assets. Targa Resources competes aggressively in NGL gathering and fractionation, particularly in the Permian Basin. Kinder Morgan operates the largest natural gas pipeline system in North America. Energy Transfer is a sprawling midstream company with overlapping assets across many of the same basins. Plains All American competes in refined product transportation following the Magellan combination.
Does ONEOK pay dividends?
ONEOK has one of the longer dividend payment histories in the midstream sector and has maintained a high payout relative to earnings — characteristic of companies structured around distributing free cash flow to shareholders. The yield is substantially above most S&P 500 sectors, reflecting the income-oriented investor base the company has cultivated. Management increased the quarterly dividend per share after the Magellan deal improved the earnings base, treating distribution growth as the primary signal of confidence in cash flow durability.
What is the current share price of OKE?
OKE last closed at $90.94, up 1.13% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $64.02 and a high of $103.64. The current price represents 68% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
Is OKE rated a buy or sell by analysts?
Among 27 analysts covering OKE, the consensus rating is Hold — 13 rate it a buy, 14 hold, and 0 sell. The average price target sits at $292.88, implying 222% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
What are Oneok Inc's earnings?
Oneok Inc generated $43.46B in revenue during fiscal year 2026, with $3.25B reaching the bottom line as net income. The net profit margin of 2.4% reflects the competitive nature of its industry.
How is OKE valued compared to earnings?
OKE trades at a P/E ratio of 16.33 on trailing earnings of $5.43 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
What is OKE's return over the past year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +24.83% (3M), +23.07% (6M), -11.17% (1Y), +22.33% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether OKE is outperforming or lagging the broader market.