Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- 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
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/31/2025: OKE (3-star) is a REGULAR-BUY. BUY since 24 days. Simulated Profits (2.78%). 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 $88.63
1 Year Target Price $88.63
| 8 | Strong Buy |
| 5 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 53.42% | Avg. Invested days 71 | Today’s Advisory Regular Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/31/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 46.29B USD | Price to earnings Ratio 13.51 | 1Y Target Price 88.63 |
Price to earnings Ratio 13.51 | 1Y Target Price 88.63 | ||
Volume (30-day avg) 19 | Beta 0.93 | 52 Weeks Range 64.02 - 105.47 | Updated Date 01/2/2026 |
52 Weeks Range 64.02 - 105.47 | Updated Date 01/2/2026 | ||
Dividends yield (FY) 5.58% | Basic EPS (TTM) 5.44 |
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 13.51 | Forward PE 12.18 | Enterprise Value 78776519439 | Price to Sales(TTM) 1.47 |
Enterprise Value 78776519439 | Price to Sales(TTM) 1.47 | ||
Enterprise Value to Revenue 2.5 | Enterprise Value to EBITDA 10.08 | Shares Outstanding 629231557 | Shares Floating 627425662 |
Shares Outstanding 629231557 | Shares Floating 627425662 | ||
Percent Insiders 0.19 | Percent Institutions 75.05 |
Upturn AI SWOT
ONEOK Inc
Company Overview
History and Background
ONEOK Inc. (NYSE: OKE) was founded in 1906 as the Oklahoma Natural Gas Company. It has evolved significantly over its history, expanding its operations in natural gas gathering, processing, storage, and transportation. Key milestones include its strategic shift towards midstream infrastructure, significant acquisitions to expand its network, and its transformation into a diversified energy infrastructure company. It is headquartered in Tulsa, Oklahoma.
Core Business Areas
- Natural Gas Liquids: ONEOK's NGL segment is involved in the transportation, fractionation, and storage of natural gas liquids. This includes processing raw natural gas to separate NGLs (ethane, propane, butane, and natural gasoline) and then moving these products via pipelines or other transportation methods to end-users.
- Natural Gas Pipelines: This segment focuses on the transportation, storage, and gathering of natural gas. ONEOK operates an extensive network of intrastate and interstate natural gas pipelines that connect natural gas producers to downstream markets, including industrial customers, power plants, and local distribution companies.
Leadership and Structure
ONEOK Inc. is led by a Board of Directors and a senior management team. The CEO is Pierce H. Norton. The company is structured around its core business segments, with dedicated management and operational teams for Natural Gas Liquids and Natural Gas Pipelines.
Top Products and Market Share
Key Offerings
- Natural Gas Liquids (NGLs): ONEOK's NGL segment offers a comprehensive suite of services including gathering, processing, fractionation, and marketing of NGLs. It is a significant player in the NGL midstream sector, benefiting from the prolific natural gas production in key U.S. basins. Competitors include enterprise like Enterprise Products Partners L.P. (EPD), Magellan Midstream Partners, L.P. (MMP), and Targa Resources Corp. (TRGP).
- Natural Gas Gathering and Transportation: The company provides essential services for gathering natural gas from production wells and transporting it to processing facilities or end markets via its extensive pipeline network. Key competitors in this space include Kinder Morgan, Inc. (KMI), Energy Transfer LP (ET), and Plains All American Pipeline, L.P. (PAA).
Market Dynamics
Industry Overview
The midstream energy sector, in which ONEOK operates, is characterized by its critical role in transporting and processing hydrocarbons from production sites to consumers. The industry is heavily influenced by energy demand, commodity prices, regulatory environments, and the pace of energy production. The transition to cleaner energy sources also presents both challenges and opportunities.
Positioning
ONEOK is a leading diversified midstream energy company with a strong presence in the Permian Basin and Rocky Mountain regions. Its extensive infrastructure, strategic asset locations, and integrated business model provide competitive advantages. The company benefits from long-term fee-based contracts, which offer revenue stability.
Total Addressable Market (TAM)
The total addressable market for midstream energy infrastructure, including NGL transportation, processing, and natural gas pipelines, is substantial and driven by ongoing North American energy production. ONEOK is well-positioned within key basins, capitalizing on growing production volumes and the increasing demand for NGLs and natural gas.
Upturn SWOT Analysis
Strengths
- Diversified midstream asset base with significant scale.
- Strong presence in high-growth production basins (e.g., Permian, Rockies).
- Fee-based revenue model providing stability and predictability.
- Integrated business model (gathering, processing, transportation, fractionation).
- Experienced management team.
Weaknesses
- Exposure to commodity price volatility indirectly through production volumes.
- High capital expenditure requirements for infrastructure development.
- Potential regulatory and environmental risks.
- Reliance on third-party producers for supply.
Opportunities
- Growth in natural gas and NGL production in its core operating areas.
- Expansion of existing infrastructure and development of new projects.
- Potential for strategic acquisitions to enhance its portfolio.
- Increased demand for NGLs in petrochemical and export markets.
- Leveraging existing infrastructure for energy transition-related services (e.g., CO2 transportation).
Threats
- Slowing or declining energy production in key basins.
- Increased competition from other midstream operators.
- Adverse regulatory changes or environmental policies.
- Economic downturns impacting energy demand.
- Geopolitical events affecting global energy markets.
Competitors and Market Share
Key Competitors
- Enterprise Products Partners L.P. (EPD)
- Kinder Morgan, Inc. (KMI)
- Energy Transfer LP (ET)
Competitive Landscape
ONEOK competes with other large midstream operators. Its competitive advantages lie in its strategically located assets in high-production basins, its integrated business model, and its strong customer relationships. However, it faces competition for new projects and faces challenges related to capital intensity and regulatory hurdles.
Major Acquisitions
Magnum NGL Storage Facility
- Year: 2021
- Acquisition Price (USD millions): 274
- Strategic Rationale: To enhance its NGL storage capabilities and expand its product offering in the Mont Belvieu market, strengthening its position as a key NGL service provider.
Certain midstream assets from Crestwood Equity Partners
- Year: 2023
- Acquisition Price (USD millions): 750
- Strategic Rationale: To expand its NGL midstream infrastructure in the Williston Basin, acquiring gathering and processing assets that complement its existing footprint and provide growth opportunities.
Growth Trajectory and Initiatives
Historical Growth: ONEOK has experienced significant historical growth, driven by strategic acquisitions and organic expansion of its midstream assets, particularly in natural gas and NGLs. The company has successfully integrated its operations and leveraged its infrastructure to capture increasing production volumes.
Future Projections: Analysts project continued moderate growth for ONEOK, supported by ongoing production in its key basins and the demand for its services. Strategic investments in infrastructure and potential new projects are expected to fuel future expansion. Growth will likely be tied to the overall health and production levels of the natural gas and NGL markets.
Recent Initiatives: Recent initiatives include significant investments in expanding NGL processing and transportation capacity, particularly in the Permian Basin. The company has also focused on optimizing its existing asset base and exploring opportunities related to the energy transition.
Summary
ONEOK Inc. is a robust midstream energy company with a diversified asset base and a strong market position in key U.S. basins. Its fee-based revenue model and consistent dividend history provide stability. The company is well-positioned to capitalize on ongoing energy production, but faces threats from regulatory changes and potential shifts in energy demand. Continued strategic investments in infrastructure are crucial for its future growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- ONEOK Inc. Investor Relations
- Financial news outlets (e.g., Bloomberg, Reuters, Wall Street Journal)
- Financial data providers (e.g., Refinitiv, FactSet)
Disclaimers:
This JSON output is an analysis based on publicly available information and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence 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.