Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
OKE 
ONEOK Inc (OKE)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/17/2025: OKE (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
19 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $96.11
1 Year Target Price $96.11
| 8 | Strong Buy |
| 5 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 49.26% | Avg. Invested days 83 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 45.71B USD | Price to earnings Ratio 14.15 | 1Y Target Price 96.11 |
Price to earnings Ratio 14.15 | 1Y Target Price 96.11 | ||
Volume (30-day avg) 19 | Beta 1.03 | 52 Weeks Range 70.63 - 113.92 | Updated Date 09/17/2025 |
52 Weeks Range 70.63 - 113.92 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 5.62% | Basic EPS (TTM) 5.13 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.06% | Operating Margin (TTM) 18.42% |
Management Effectiveness
Return on Assets (TTM) 6.28% | Return on Equity (TTM) 16.77% |
Valuation
Trailing PE 14.15 | Forward PE 11.96 | Enterprise Value 78077688955 | Price to Sales(TTM) 1.64 |
Enterprise Value 78077688955 | Price to Sales(TTM) 1.64 | ||
Enterprise Value to Revenue 2.79 | Enterprise Value to EBITDA 10.75 | Shares Outstanding 629756032 | Shares Floating 627791140 |
Shares Outstanding 629756032 | Shares Floating 627791140 | ||
Percent Insiders 0.18 | Percent Institutions 75.06 |
Upturn AI SWOT
ONEOK Inc
Company Overview
History and Background
ONEOK Inc. was founded in 1906 as Oklahoma Natural Gas Company. Initially focused on natural gas distribution, it has evolved into a leading midstream service provider with operations throughout the central U.S. The company went public in 1920, and in 2023 ONEOK aquired Magellan Midstream Partners L.P.
Core Business Areas
- Natural Gas Gathering and Processing: Gathers, processes, treats, and transports natural gas from producing areas. Extracts and fractionates NGLs.
- Natural Gas Pipelines: Operates natural gas pipelines providing transportation and storage services to end-use markets.
- NGL: Transports, stores, and fractionates NGLs. Its primary product is propane which is used in residential and commerical heating applications.
Leadership and Structure
The leadership team includes Pierce H. Norton III (President and CEO). The organizational structure is based on business segments (natural gas gathering and processing, natural gas pipelines, and NGL) with centralized support functions.
Top Products and Market Share
Key Offerings
- Natural Gas Gathering Services: Provides gathering services to natural gas producers in key shale basins. Competitors include Kinder Morgan and Enterprise Products Partners. Market share difficult to assess precisely, but ONEOK is a significant player in the regions it serves.
- Natural Gas Transportation Services: Transports natural gas to various end-use markets. Competitors include Energy Transfer Partners and Williams Companies. Specific market share data varies by region and pipeline system.
- NGL Fractionation Services: Separates NGLs into individual components such as propane, butane, and ethane. Competitors include Enterprise Products Partners and Targa Resources. Market share is significant in the Mid-Continent region.
- NGL Transportation: Transporting NGLs via pipeline.
Market Dynamics
Industry Overview
The midstream energy industry is characterized by high infrastructure investment, long-term contracts, and exposure to commodity price fluctuations and production volumes. Demand for natural gas and NGLs is driven by power generation, industrial use, and exports.
Positioning
ONEOK is strategically positioned in key producing regions, with a focus on natural gas and NGLs. Its competitive advantages include an extensive pipeline network, integrated operations, and strong relationships with producers and end-users.
Total Addressable Market (TAM)
The global midstream oil and gas market is projected to reach hundreds of billions of dollars. ONEOK is well positioned to capture a significant portion of this market by providing critical infrastructure and services.
Upturn SWOT Analysis
Strengths
- Extensive pipeline network
- Integrated operations
- Strategic asset locations
- Strong financial position
- Long-term contracts
Weaknesses
- Exposure to commodity price fluctuations
- Dependence on production volumes
- Regulatory risks
- Capital intensive business
- Susceptible to weather-related disruptions
Opportunities
- Growing demand for natural gas and NGLs
- Expansion into new markets
- Infrastructure development
- Acquisitions
- Advancements in technology to improve efficiency
Threats
- Commodity price volatility
- Increased competition
- Regulatory changes
- Environmental concerns
- Geopolitical instability
Competitors and Market Share
Key Competitors
- EPD
- KMI
- WMB
- ET
- MPLX
Competitive Landscape
ONEOK competes with other midstream companies based on pipeline capacity, processing capabilities, geographic reach, and customer relationships. ONEOK benefits from its strong presence in key producing regions and its integrated operations. However, larger competitors may have greater financial resources.
Major Acquisitions
Magellan Midstream Partners L.P.
- Year: 2023
- Acquisition Price (USD millions): 18800
- Strategic Rationale: Expands ONEOKu2019s refined products and crude oil pipeline network, diversifies its asset base, and enhances its ability to serve customers across multiple markets.
Growth Trajectory and Initiatives
Historical Growth: ONEOK's growth has been driven by organic expansions and strategic acquisitions in the midstream sector.
Future Projections: Analyst estimates vary, but generally project continued growth driven by increasing demand for natural gas and NGLs.
Recent Initiatives: Recent initiatives include expansion of pipeline infrastructure, development of processing facilities, and strategic acquisitions (e.g., Magellan Midstream Partners in 2023).
Summary
ONEOK is a strong midstream energy company with a significant presence in natural gas and NGLs. Its extensive pipeline network and integrated operations provide a competitive advantage. Commodity price volatility and regulatory risks pose challenges, but ONEOK is well-positioned to benefit from growing demand. The acquisition of Magellan further strengthens ONEOK and adds to its long term stability. The company should continue expanding its infrastructure to reach more end-use markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q), Investor Presentations, Analyst Reports, Industry Publications
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data and market share estimates are subject to change. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ONEOK Inc
Exchange NYSE | Headquaters Tulsa, OK, United States | ||
IPO Launch date 1985-07-01 | President, CEO & Director Mr. Pierce H. Norton II | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 5177 | Website https://www.oneok.com/ |
Full time employees 5177 | Website https://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. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.