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Upturn AI Summary - About
ONEOK Inc(OKE)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for OKE
10/28/2026: OKE (3-star) is a STRONG-BUY. BUY for 3 days. Simulated Profits (-1.89%). Updated daily EoD!
ONEOK Inc is a prominent US midstream energy company that operates critical pipelines and infrastructure for natural gas and liquids. The firm has built a leading position through both organic projects and significant acquisitions, most notably the recent purchase of Magellan Midstream. This strategy has diversified its revenue, though it has also introduced higher debt levels that the company is actively managing. OKE appeals to dividend-focused investors due to its stable fee-based cash flow model, though regulatory and energy transition risks remain important considerations. Investors should monitor the integration of its expanded asset base and the company's ability to maintain healthy balance sheet metrics.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers moderate growth through infrastructure expansion but is not a high-growth tech-style play. |
| Momentum investor | Mixed fit | Momentum depends on the broader energy sector trend and successful execution of recent integration projects. |
| Value investor | Strong fit | ONEOK often trades based on stable cash flows and tangible asset value, appealing to those seeking traditional valuation metrics. |
| Dividend investor | Strong fit | The reliable fee-based cash flow supports a consistent and competitive dividend yield. |
| Low-risk investor | Strong fit while signal remains positive | Midstream infrastructure is generally considered a lower-volatility energy investment compared to E&P companies. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | While largely fee-based, the business remains indirectly sensitive to energy commodity price cycles. |
| Valuation risk | Medium | Market sentiment toward the energy sector can lead to fluctuations in valuation multiples. |
| Competition risk (Infrastructure saturation) | Medium | Major competitors like EPD and ET operate overlapping or complementary pipeline networks. |
| Business quality | Strong | The company owns high-quality, long-lived, and critical infrastructure assets. |
| Dividend income | Strong | The dividend is supported by stable, long-term contractual revenue streams. |
| Execution risk | Medium | Successfully integrating large-scale acquisitions requires disciplined management and capital allocation. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 46.07% | Avg. Invested days 53 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 60.53B USD | Price to earnings Ratio 16.44 | 1Y Target Price 101.1 |
Price to earnings Ratio 16.44 | 1Y Target Price 101.1 | ||
Volume (30-day avg) 3.4M shares | Beta 0.8 | 52 Weeks Range 61.67 - 99.85 | Updated Date 10/28/2026 |
52 Weeks Range 61.67 - 99.85 | Updated Date 10/28/2026 | ||
Dividends yield (FY) 4.40% | Basic EPS (TTM) 5.84 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Natural Gas Liquids (NGL) | Gathering, fractionation, and transportation of NGLs produced at natural gas wells. | This is a primary revenue driver, turning raw gas field products into marketable energy liquids. |
| Natural Gas Pipelines | Interstate and intrastate pipeline transmission and storage services. | Steady fee-based revenue from moving gas across the country. |
| Refined Products and Crude | Transportation and terminal services for gasoline, diesel, and crude oil. | Essential infrastructure services that provide stable, diversified income. |
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 2026-10-27 | When After Market | Estimate 1.46 | Actual 2.13 |
Profitability
Profit Margin 9.29% | Operating Margin (TTM) 13.25% |
Management Effectiveness
Return on Assets (TTM) 5.77% | Return on Equity (TTM) 16.28% |
Valuation
Trailing PE 16.44 | Forward PE 15.62 | Enterprise Value 93.61B | Price to Sales(TTM) 1.54 |
Enterprise Value 93.61B | Price to Sales(TTM) 1.54 | ||
Enterprise Value to Revenue 2.38 | Enterprise Value to EBITDA 11.58 | Shares Outstanding 630.41M | Shares Floating 628.54M |
Shares Outstanding 630.41M | Shares Floating 628.54M | ||
Percent Insiders 0.15 | Percent Institutions 84.17 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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