Overview Dividends

(OKE) ONEOK - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6826801036

Gas, Ngl, Pipeline, Storage, Fractionation

Oil & Gas Storage & Transportation
Market Cap in USD: 46,489m

IPO / Inception: 1985-07-01
Return 12m vs S&P 500: -38.2%

EPS (Earnings per Share)

EPS CAGR: -44.43%
EPS Trend: -5.0%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 11.64%
Rev. Trend: 45.4%

Last SUE: 0.12
Qual. Beats: 0

Dividends

Dividend Yield	5.83%
Yield on Cost 5y	13.39%
Yield CAGR 5y	2.31%
Payout Consistency	53.6%
Payout Ratio	75.7%

Risk via 5d forecast
Volatility	24.9%
Value at Risk 5%th	42.3%
Relative Tail Risk	3.08%

Reward TTM
Sharpe Ratio	-1.01
Alpha	-44.07
CAGR/Max DD	0.14

Character TTM
Hurst Exponent	0.350
Beta	0.894
Beta Downside	1.325

Drawdowns 3y
Max DD	42.17%
Mean DD	12.26%
Median DD	5.58%

Description: OKE ONEOK December 03, 2025

ONEOK, Inc. (NYSE: OKE) is a U.S. midstream operator that moves, processes, stores, and markets natural gas, natural-gas liquids (NGLs), refined products, and crude oil across five key regions-Mid-Continent, Permian Basin, North Texas, Gulf Coast, and Rocky Mountains. Its business is organized into four segments: Natural Gas Gathering & Processing, NGL Gathering & Fractionation, Natural Gas Pipelines, and Refined Products & Crude.

Key operational metrics (2023): adjusted EBITDA of $5.9 billion, pipeline utilization averaging 78 % across its natural-gas system, and NGL throughput of ≈ 1.8 million bbl/d, driven largely by expanding Permian volumes. Capital expenditures were ≈ $2.1 billion, with ≈ $800 million earmarked for NGL infrastructure upgrades.

Economic drivers include the volatility of natural-gas and NGL pricing, which directly affect fee-based revenue; the ongoing “sweet-spot” of the Permian’s NGL boom, which raises throughput and fractionation demand; and regulatory risk tied to FERC-approved rate cases that can alter allowable returns on pipeline assets.

ONEOK serves a broad client base-from integrated E&P firms to independent propane distributors and petrochemical users-providing both contracted and spot-market services that diversify cash-flow exposure.

For a deeper quantitative assessment, the ValueRay platform offers a granular breakdown of OKE’s cash-flow sensitivity to NGL price swings.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (3.34b TTM) > 0 and > 6% of Revenue (6% = 1.89b TTM)

FCFTA 0.04 (>2.0%) and ΔFCFTA -0.95pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1.74% (prev -3.43%; Δ 1.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 5.66b > Net Income 3.34b (YES >=105%, WARN >=100%)

Net Debt (32.53b) to EBITDA (7.81b) ratio: 4.16 <= 3.0 (WARN <= 3.5)

Current Ratio 0.90 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (628.1m) change vs 12m ago 7.06% (target <= -2.0% for YES)

Gross Margin 21.26% (prev 24.69%; Δ -3.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 53.65% (prev 38.94%; Δ 14.71pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.57 (EBITDA TTM 7.81b / Interest Expense TTM 1.78b) >= 6 (WARN >= 3)

Altman Z'' 0.82

(A) -0.01 = (Total Current Assets 5.18b - Total Current Liabilities 5.74b) / Total Assets 66.62b

(B) 0.03 = Retained Earnings (Balance) 2.05b / Total Assets 66.62b

(D) 0.04 = Book Value of Equity 1.99b / Total Liabilities 44.46b

Total Rating: 0.82 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 60.17

1. Piotroski 3.50pt

2. FCF Yield 3.70%

3. FCF Margin 9.25%

4. Debt/Equity 1.53

5. Debt/Ebitda 4.16

6. ROIC - WACC (= 3.25)%

7. RoE 16.23%

8. Rev. Trend 45.44%

9. EPS Trend -4.96%

What is the price of OKE shares?

As of January 08, 2026, the stock is trading at USD 70.72 with a total of 4,096,725 shares traded.
Over the past week, the price has changed by -3.78%, over one month by -5.62%, over three months by -0.86% and over the past year by -26.74%.

Is OKE a buy, sell or hold?

ONEOK has received a consensus analysts rating of 4.11. Therefore, it is recommended to buy OKE.

Strong Buy: 8
Buy: 5
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the OKE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	88.6	25.3%
Analysts Target Price	88.6	25.3%
ValueRay Target Price	74.5	5.4%

OKE Fundamental Data Overview January 01, 2026

Market Cap USD = 46.49b (46.49b USD * 1.0 USD.USD)
P/E Trailing = 13.5699
P/E Forward = 12.21
P/S = 1.4728
P/B = 2.0991
P/EG = 1.5256
Beta = 0.927
Revenue TTM = 31.56b USD
EBIT TTM = 6.34b USD
EBITDA TTM = 7.81b USD
Long Term Debt = 31.99b USD (from longTermDebt, last quarter)
Short Term Debt = 1.74b USD (from shortTermDebt, last quarter)
Debt = 33.73b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.53b USD (from netDebt column, last quarter)
Enterprise Value = 79.02b USD (46.49b + Debt 33.73b - CCE 1.20b)
Interest Coverage Ratio = 3.57 (Ebit TTM 6.34b / Interest Expense TTM 1.78b)
FCF Yield = 3.70% (FCF TTM 2.92b / Enterprise Value 79.02b)
FCF Margin = 9.25% (FCF TTM 2.92b / Revenue TTM 31.56b)
Net Margin = 10.58% (Net Income TTM 3.34b / Revenue TTM 31.56b)
Gross Margin = 21.26% ((Revenue TTM 31.56b - Cost of Revenue TTM 24.86b) / Revenue TTM)
Gross Margin QoQ = 19.17% (prev 19.54%)
Tobins Q-Ratio = 1.19 (Enterprise Value 79.02b / Total Assets 66.62b)
Interest Expense / Debt = 1.33% (Interest Expense 450.0m / Debt 33.73b)
Taxrate = 24.01% (297.0m / 1.24b)
NOPAT = 4.82b (EBIT 6.34b * (1 - 24.01%))
Current Ratio = 0.90 (Total Current Assets 5.18b / Total Current Liabilities 5.74b)
Debt / Equity = 1.53 (Debt 33.73b / totalStockholderEquity, last quarter 22.08b)
Debt / EBITDA = 4.16 (Net Debt 32.53b / EBITDA 7.81b)
Debt / FCF = 11.14 (Net Debt 32.53b / FCF TTM 2.92b)
Total Stockholder Equity = 20.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.01% (Net Income 3.34b / Total Assets 66.62b)
RoE = 16.23% (Net Income TTM 3.34b / Total Stockholder Equity 20.58b)
RoCE = 12.07% (EBIT 6.34b / Capital Employed (Equity 20.58b + L.T.Debt 31.99b))
RoIC = 9.07% (NOPAT 4.82b / Invested Capital 53.16b)
WACC = 5.82% (E(46.49b)/V(80.22b) * Re(9.31%) + D(33.73b)/V(80.22b) * Rd(1.33%) * (1-Tc(0.24)))
Discount Rate = 9.31% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.57%
[DCF Debug] Terminal Value 75.41% ; FCFE base≈2.84b ; Y1≈3.14b ; Y5≈4.08b
Fair Price DCF = 89.86 (DCF Value 56.54b / Shares Outstanding 629.2m; 5y FCF grow 12.17% → 3.0% )
EPS Correlation: -4.96 | EPS CAGR: -44.43% | SUE: -4.0 | # QB: 0
Revenue Correlation: 45.44 | Revenue CAGR: 11.64% | SUE: 0.12 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.31 | Chg30d=-0.134 | Revisions Net=-3 | Analysts=4
EPS next Year (2026-12-31): EPS=5.91 | Chg30d=-0.062 | Revisions Net=-7 | Growth EPS=+8.8% | Growth Revenue=+8.4%

Additional Sources for OKE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle