Oneok/$OKE
1D1W1MYTD1Y5YMAX
Capital at risk
About Oneok
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
- Ticker
- $OKE
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 6,326
- Headquarters
- Tulsa, United States
- Website
- www.oneok.com
Oneok Metrics
BasicAdvanced
$61B
16.76
$5.78
0.71
$4.24
4.41%
Price and volume
Market cap
$61B
Beta
0.71
Dividend rate
$4.24
Financial strength
Current ratio
0.737
Quick ratio
0.515
Long term debt to equity
1.333
Total debt to equity
1.431
Dividend payout ratio (TTM)
72.32%
Interest coverage (TTM)
3.46%
Profitability
EBITDA (TTM)
7,670
Gross margin (TTM)
27.21%
Net profit margin (TTM)
9.29%
Operating margin (TTM)
15.59%
Effective tax rate (TTM)
23.35%
Revenue per employee (TTM)
$6,220,000
Management effectiveness
Return on assets (TTM)
5.77%
Return on equity (TTM)
16.28%
Valuation
Price to earnings (TTM)
16.765
Price to revenue (TTM)
1.553
Price to book
2.66
Price to tangible book (TTM)
5.08
Price to free cash flow (TTM)
21.041
Free cash flow yield (TTM)
4.75%
Free cash flow per share (TTM)
4.609
Dividend yield (TTM)
4.37%
Forward dividend yield
4.41%
Growth
Revenue change (TTM)
40.83%
Earnings per share change (TTM)
12.98%
3-year revenue growth (CAGR)
27.04%
10-year revenue growth (CAGR)
17.66%
3-year earnings per share growth (CAGR)
2.19%
10-year earnings per share growth (CAGR)
15.96%
3-year dividend per share growth (CAGR)
3.72%
10-year dividend per share growth (CAGR)
5.59%
Bulls say / Bears say
The planned Brazos acquisition would more than double ONEOK’s Midland Basin processing capacity and add roughly 600,000 dedicated acres under long-term fixed-fee contracts. ONEOK expects the deal to be immediately accretive, with synergies from linking the assets to its existing Permian and downstream network. (ONEOK)
ONEOK has reached its target of contracting 80% of the 200,000-barrel-per-day LPG export capacity under construction. That gives the expansion a stronger base of contracted demand and could benefit from continued petrochemical demand and interest in reliable US NGL supply. (The Motley Fool, Investing.com)
ONEOK still carried $31.5 billion of long-term debt and reported leverage of 4.1 times EBITDA at the end of June. The planned $5 billion debt repayment should help, but the balance sheet remains a key risk while the Brazos transaction and Apollo financing are completed. (StockTitan, ONEOK)
Record NGL volumes did not translate into higher NGL-segment EBITDA, which fell because of higher operating costs and weaker transportation and storage results. Natural-gas pipeline earnings also benefited from a favourable Waha-to-Katy spread that may narrow as new takeaway capacity enters service. (Investing.com, Yahoo Finance)
Brazos is another large integration after roughly $33.7 billion of ONEOK acquisitions over the past three years. The deal’s stated 2028 valuation depends on substantial volume growth and successful integration, while further dealmaking could increase execution and capital-allocation risk. (East Daley, Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
Upcoming events
No upcoming events
Funds containing Oneok
AllEURGBPUSD
Fund name | Fund size | $OKE weighting |
|---|---|---|
iShares Dow Jones U.S. Select Dividend€EXX5 | €412M | 1.86% |
L&G Global Quality Dividends£LDGG | £279M | 0.21% |
iShares S&P 500 Equal Weight€O4J0 | €4.3B | 0.20% |
Vanguard FTSE All-World High Dividend Yield€VHYL | €9.9B | 0.13% |
Vanguard FTSE All-World High Dividend Yield£VHYL | £8.5B | 0.13% |
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