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OKE 
ONEOK Inc (OKE)
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Upturn Advisory Summary
12/02/2025: OKE (3-star) is a STRONG-BUY. BUY since 4 days. Simulated Profits (2.22%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
19 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $88.79
1 Year Target Price $88.79
| 8 | Strong Buy |
| 5 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 52.59% | Avg. Invested days 67 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/02/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 46.04B USD | Price to earnings Ratio 13.56 | 1Y Target Price 88.79 |
Price to earnings Ratio 13.56 | 1Y Target Price 88.79 | ||
Volume (30-day avg) 19 | Beta 0.94 | 52 Weeks Range 64.02 - 105.47 | Updated Date 12/2/2025 |
52 Weeks Range 64.02 - 105.47 | Updated Date 12/2/2025 | ||
Dividends yield (FY) 5.59% | Basic EPS (TTM) 5.39 |
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 10.58% | Operating Margin (TTM) 18.16% |
Management Effectiveness
Return on Assets (TTM) 6.28% | Return on Equity (TTM) 17.85% |
Valuation
Trailing PE 13.56 | Forward PE 12.21 | Enterprise Value 78889781119 | Price to Sales(TTM) 1.46 |
Enterprise Value 78889781119 | Price to Sales(TTM) 1.46 | ||
Enterprise Value to Revenue 2.5 | Enterprise Value to EBITDA 10.1 | Shares Outstanding 629231557 | Shares Floating 627287231 |
Shares Outstanding 629231557 | Shares Floating 627287231 | ||
Percent Insiders 0.19 | Percent Institutions 75.03 |
Upturn AI SWOT
ONEOK Inc
Company Overview
History and Background
ONEOK Inc. was founded in 1906 as Oklahoma Natural Gas Company. Over the years, it evolved through mergers and acquisitions to become a leading midstream service provider, focused on natural gas and natural gas liquids (NGLs). Significant milestones include its expansion into NGL pipelines and processing, and its strategic investments in infrastructure to support shale gas production.
Core Business Areas
- Natural Gas Gathering and Processing: This segment gathers, processes, treats, and transports natural gas. It operates primarily in the Mid-Continent, Rocky Mountain, and Permian regions.
- Natural Gas Liquids: This segment transports, fractionates, stores, and markets NGLs. It connects key supply basins to major market centers.
- Natural Gas Pipelines: This segment owns and operates natural gas pipelines that deliver natural gas to markets in the Midwest and Texas.
Leadership and Structure
The leadership team includes Pierce H. Norton II (President and CEO). The company has a traditional corporate structure with executive management overseeing various operational segments.
Top Products and Market Share
Key Offerings
- Natural Gas Transportation: ONEOK provides natural gas transportation services through its extensive pipeline network. It is a major player in moving natural gas from production areas to demand centers. Competitors include Kinder Morgan (KMI) and Energy Transfer (ET).
- NGL Fractionation: ONEOK's NGL fractionation facilities separate mixed NGL streams into individual components like ethane, propane, and butane. They are a significant fractionator in the mid-continent. Competitors include Enterprise Products Partners (EPD) and Targa Resources (TRGP).
- Natural Gas Processing: ONEOK processes natural gas, removing impurities and recovering NGLs. This service is vital for upstream producers. Competitors include DCP Midstream and Williams Companies (WMB).
Market Dynamics
Industry Overview
The midstream energy sector is driven by the production of oil and natural gas. The industry faces challenges related to regulatory approvals, commodity price volatility, and increasing environmental concerns. Growth is tied to expanding shale production and increasing demand for natural gas and NGLs.
Positioning
ONEOK is strategically positioned with assets in key shale basins and a strong network connecting supply and demand centers. Its competitive advantages include its scale, integrated operations, and long-term contracts.
Total Addressable Market (TAM)
The global midstream oil and gas market is projected to reach hundreds of billions of USD. ONEOK is positioned to capture a significant portion of this TAM through its infrastructure and services.
Upturn SWOT Analysis
Strengths
- Strategic asset locations
- Integrated operations
- Long-term, fee-based contracts
- Strong financial position
- Experienced management team
Weaknesses
- Exposure to commodity price volatility
- Dependence on shale production
- Regulatory risks
- Potential for pipeline incidents
- Geographic concentration
Opportunities
- Expansion into new shale basins
- Increased demand for NGLs
- Infrastructure development projects
- Acquisitions of complementary assets
- Renewable energy initiatives (e.g., hydrogen transportation)
Threats
- Declining shale production
- Increased regulatory scrutiny
- Competition from other midstream companies
- Economic downturns
- Environmental activism
Competitors and Market Share
Key Competitors
- KMI
- EPD
- WMB
- TRGP
Competitive Landscape
ONEOK's competitive advantages include its strategic asset locations and integrated operations. Disadvantages include exposure to commodity price volatility. Competitors often have larger scale in certain regions or specific product lines.
Major Acquisitions
DMG Pipeline
- Year: 2019
- Acquisition Price (USD millions): 200
- Strategic Rationale: Expanded ONEOK's natural gas gathering and processing capabilities in the STACK play.
Growth Trajectory and Initiatives
Historical Growth: ONEOK's historical growth has been driven by expansions in its pipeline network and processing capacity. The growth is tied to the production boom in shale plays and growing demand for natural gas and NGLs.
Future Projections: Future growth projections are based on analyst estimates. This includes analysts looking at expansion of production of Natural Gas and NGLs.
Recent Initiatives: Recent initiatives include investments in new pipeline projects and expansions of existing processing facilities. They aim to capitalize on growing production in key shale basins.
Summary
ONEOK is a major player in the midstream energy sector, benefiting from its strategic asset locations and integrated operations. While the company faces challenges related to commodity price volatility and regulatory risks, its strong financial position and long-term contracts provide stability. Growth opportunities lie in expanding infrastructure to support increasing natural gas and NGL production. ONEOK needs to monitor regulatory changes and adapt to evolving energy market dynamics. It is a strong company, though dependent on the energy industry.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.
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.
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