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
10/28/2025: 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 $90.84
1 Year Target Price $90.84
| 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 10/28/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 43.64B USD | Price to earnings Ratio 13.38 | 1Y Target Price 90.84 |
Price to earnings Ratio 13.38 | 1Y Target Price 90.84 | ||
Volume (30-day avg) 19 | Beta 1 | 52 Weeks Range 66.56 - 113.92 | Updated Date 10/28/2025 |
52 Weeks Range 66.56 - 113.92 | Updated Date 10/28/2025 | ||
Dividends yield (FY) 5.95% | Basic EPS (TTM) 5.18 |
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 2025-10-27 | When After Market | Estimate 1.44 | 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 13.38 | Forward PE 11.95 | Enterprise Value 78008415798 | Price to Sales(TTM) 1.56 |
Enterprise Value 78008415798 | Price to Sales(TTM) 1.56 | ||
Enterprise Value to Revenue 2.79 | Enterprise Value to EBITDA 10.74 | Shares Outstanding 629755979 | Shares Floating 627784843 |
Shares Outstanding 629755979 | Shares Floating 627784843 | ||
Percent Insiders 0.18 | Percent Institutions 74.94 |
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 in Oklahoma, it evolved over time to include natural gas gathering, processing, storage, and transportation, as well as natural gas liquids (NGL) infrastructure. A key milestone was the expansion into NGLs which diversified the company's business model.
Core Business Areas
- Natural Gas Gathering and Processing: This segment gathers natural gas from producers and processes it to remove impurities and extract valuable NGLs. ONEOK owns extensive gathering and processing systems in key shale basins.
- Natural Gas Liquids (NGL): ONEOK transports, fractionates, stores, and markets NGLs. This includes pipelines, fractionation facilities, and storage assets.
- Natural Gas Pipelines: ONEOK owns and operates regulated natural gas pipelines that transport natural gas to various markets.
Leadership and Structure
The CEO is Pierce H. Norton II. ONEOK operates under a traditional corporate structure with a board of directors overseeing the management team responsible for executing the company's strategy.
Top Products and Market Share
Key Offerings
- Natural Gas Gathering and Processing Services: These services include gathering natural gas from wellheads, removing impurities, and extracting NGLs. ONEOK is a major player in key shale basins. Competitors include Energy Transfer, Kinder Morgan, and Williams Companies. Market share information varies depending on the specific basin but is significant in the Mid-Continent region.
- NGL Transportation and Fractionation: ONEOK owns extensive NGL pipeline and fractionation assets, transporting and separating NGLs into various products. Market share data is not easily accessible but they are a major player. Competitors include Enterprise Products Partners and Phillips 66 Partners.
Market Dynamics
Industry Overview
The midstream energy industry, in which ONEOK operates, is experiencing increased demand for natural gas and NGLs driven by global energy needs and domestic production growth. Volatility in commodity prices and regulatory changes are key factors influencing the industry.
Positioning
ONEOK is a leading midstream service provider with a strong presence in key shale basins. Its competitive advantage lies in its integrated asset base, strategic locations, and scale of operations. The company's significant NGL infrastructure positions it well for long-term growth.
Total Addressable Market (TAM)
The total addressable market for midstream services related to natural gas and NGLs is estimated to be in the hundreds of billions of dollars. ONEOK is positioned to capture a significant portion of this TAM through its extensive infrastructure and strategic investments.
Upturn SWOT Analysis
Strengths
- Strategic Asset Base
- Integrated Operations
- Strong Financial Position
- Experienced Management Team
- Diversified Business Model
Weaknesses
- Exposure to Commodity Price Volatility
- Dependence on Shale Basin Production
- Regulatory Risk
- Environmental Concerns
Opportunities
- Infrastructure Expansion
- Acquisitions
- Increased NGL Demand
- New Shale Basin Development
- Renewable Energy Initiatives
Threats
- Commodity Price Declines
- Regulatory Changes
- Increased Competition
- Environmental Regulations
- Economic Downturn
Competitors and Market Share
Key Competitors
- ET
- KMI
- WMB
Competitive Landscape
ONEOK possesses integrated midstream assets and regional expertise. Competitive advantages include their NGL infrastructure network. Disadvantages could include greater exposure to certain geographic regions.
Major Acquisitions
Magellan Midstream Partners, L.P.
- Year: 2023
- Acquisition Price (USD millions): 18800
- Strategic Rationale: Significantly expanded ONEOK's refined products and crude oil pipeline and storage network, creating a more diversified midstream infrastructure company and increasing earnings.
Growth Trajectory and Initiatives
Historical Growth: ONEOK's growth has been driven by expansion of its infrastructure, strategic acquisitions, and increased demand for natural gas and NGLs.
Future Projections: Analyst estimates suggest continued growth for ONEOK driven by increased production in key shale basins and demand for its services.
Recent Initiatives: Recent initiatives include investments in new pipeline projects, expansion of fractionation capacity, and exploring renewable energy opportunities.
Summary
ONEOK is a strong midstream energy company with extensive infrastructure, particularly in NGLs. The acquisition of Magellan greatly strengthens its position. Exposure to commodity price volatility and regulatory risk are areas that need monitoring. Its integrated asset base and strategic location offer competitive advantages for long-term growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ONEOK Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data and market conditions are subject to change. Past performance is not indicative of future results. 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.