(OKE) ONEOK - Overview
Sector: EnergyIndustry: Oil & Gas Midstream | Exchange NYSE (USA) | Currency USD | Market Cap: 56.630m | Total Return 0.5% in 12m
Stock: Natural Gas, NGLs, Refined Products, Crude, Storage
Total Rating 46
Risk 63
Buy Signal 0.13
| Risk 5d forecast | |
|---|---|
| Volatility | 23.5% |
| Relative Tail Risk | 2.73% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.03 |
| Alpha | -11.41 |
| Character TTM | |
|---|---|
| Beta | 0.599 |
| Beta Downside | 0.230 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.17% |
| CAGR/Max DD | 0.48 |
EPS (Earnings per Share)
Revenue
Description: OKE ONEOK March 01, 2026
ONEOK, Inc. (NYSE: OKE) is a U.S. midstream energy company that provides gathering, processing, fractionation, transportation, storage, and marine export services across four segments: Natural Gas Gathering & Processing, Natural Gas Liquids (NGL), Natural Gas Pipelines, and Refined Products & Crude. Its asset base spans the Mid-Continent, Permian Basin, North Texas, Gulf Coast, and Rocky Mountain regions, serving a broad client mix that includes E&P firms, utilities, petrochemical producers, and distributors.
In its latest fiscal year (2025), ONEOK reported adjusted EBITDA of $2.1 billion and generated $1.8 billion of free cash flow, supporting a 3.2% dividend yield and a leverage ratio of 2.1×. Pipeline utilization averaged 85%, while NGL prices have risen to roughly $1.45 per gallon, driven by strong demand for petrochemical feedstocks and higher LNG export volumes. The broader midstream sector benefits from rising natural gas prices (around $2.70/MMBtu) and continued capital spending on infrastructure to meet growing domestic and export demand.
For a deeper quantitative analysis, you might explore ONEOK’s profile on ValueRay.
Headlines to watch out for
- Natural gas and NGL prices impact revenue
- Regulatory changes affect pipeline operations
- Permian Basin production drives volume growth
- Interest rates influence financing costs
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 3.40b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.80 > 1.0 |
| NWC/Revenue: -5.58% < 20% (prev -2.22%; Δ -3.36% < -1%) |
| CFO/TA 0.08 > 3% & CFO 5.60b > Net Income 3.40b |
| Net Debt (32.74b) to EBITDA (7.79b): 4.20 < 3 |
| Current Ratio: 0.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (631.2m) vs 12m ago 7.62% < -2% |
| Gross Margin: 21.46% > 18% (prev 0.27%; Δ 2.12k% > 0.5%) |
| Asset Turnover: 51.46% > 50% (prev 33.87%; Δ 17.59% > 0%) |
| Interest Coverage Ratio: 3.52 > 6 (EBITDA TTM 7.79b / Interest Expense TTM 1.78b) |
Altman Z'' 0.63
| A: -0.03 (Total Current Assets 4.49b - Total Current Liabilities 6.37b) / Total Assets 66.64b |
| B: 0.04 (Retained Earnings 2.37b / Total Assets 66.64b) |
| C: 0.10 (EBIT TTM 6.27b / Avg Total Assets 65.36b) |
| D: 0.05 (Book Value of Equity 2.35b / Total Liabilities 44.07b) |
| Altman-Z'' Score: 0.63 = B |
Beneish M -2.58
| DSRI: 0.83 (Receivables 3.01b/2.33b, Revenue 33.63b/21.70b) |
| GMI: 1.24 (GM 21.46% / 26.57%) |
| AQI: 1.00 (AQ_t 0.21 / AQ_t-1 0.21) |
| SGI: 1.55 (Revenue 33.63b / 21.70b) |
| TATA: -0.03 (NI 3.40b - CFO 5.60b) / TA 66.64b) |
| Beneish M-Score: -2.58 (Cap -4..+1) = A |
What is the price of OKE shares?
As of March 28, 2026, the stock is trading at USD 93.96 with a total of 4,819,613 shares traded.
Over the past week, the price has changed by +5.32%, over one month by +13.52%, over three months by +29.31% and over the past year by +0.52%.
Over the past week, the price has changed by +5.32%, over one month by +13.52%, over three months by +29.31% and over the past year by +0.52%.
Is OKE a buy, sell or hold?
ONEOK has received a consensus analysts rating of 4.11.
Therefore, it is recommended to buy OKE.
- StrongBuy: 8
- Buy: 5
- Hold: 6
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the OKE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 90.9 | -3.3% |
| Analysts Target Price | 90.9 | -3.3% |
OKE Fundamental Data Overview March 25, 2026
P/E Trailing = 16.5904
P/E Forward = 16.0256
P/S = 1.684
P/B = 2.4987
P/EG = 2.2463
Revenue TTM = 33.63b USD
EBIT TTM = 6.27b USD
EBITDA TTM = 7.79b USD
Long Term Debt = 30.75b USD (from longTermDebt, last quarter)
Short Term Debt = 2.06b USD (from shortTermDebt, last quarter)
Debt = 32.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.74b USD (from netDebt column, last quarter)
Enterprise Value = 89.37b USD (56.63b + Debt 32.82b - CCE 78.0m)
Interest Coverage Ratio = 3.52 (Ebit TTM 6.27b / Interest Expense TTM 1.78b)
EV/FCF = 36.52x (Enterprise Value 89.37b / FCF TTM 2.45b)
FCF Yield = 2.74% (FCF TTM 2.45b / Enterprise Value 89.37b)
FCF Margin = 7.28% (FCF TTM 2.45b / Revenue TTM 33.63b)
Net Margin = 10.10% (Net Income TTM 3.40b / Revenue TTM 33.63b)
Gross Margin = 21.46% ((Revenue TTM 33.63b - Cost of Revenue TTM 26.41b) / Revenue TTM)
Gross Margin QoQ = 29.44% (prev 19.17%)
Tobins Q-Ratio = 1.34 (Enterprise Value 89.37b / Total Assets 66.64b)
Interest Expense / Debt = 1.38% (Interest Expense 453.0m / Debt 32.82b)
Taxrate = 21.88% (274.0m / 1.25b)
NOPAT = 4.90b (EBIT 6.27b * (1 - 21.88%))
Current Ratio = 0.71 (Total Current Assets 4.49b / Total Current Liabilities 6.37b)
Debt / Equity = 1.46 (Debt 32.82b / totalStockholderEquity, last quarter 22.48b)
Debt / EBITDA = 4.20 (Net Debt 32.74b / EBITDA 7.79b)
Debt / FCF = 13.38 (Net Debt 32.74b / FCF TTM 2.45b)
Total Stockholder Equity = 21.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.19% (Net Income 3.40b / Total Assets 66.64b)
RoE = 15.47% (Net Income TTM 3.40b / Total Stockholder Equity 21.94b)
RoCE = 11.90% (EBIT 6.27b / Capital Employed (Equity 21.94b + L.T.Debt 30.75b))
RoIC = 8.96% (NOPAT 4.90b / Invested Capital 54.70b)
WACC = 5.52% (E(56.63b)/V(89.45b) * Re(8.09%) + D(32.82b)/V(89.45b) * Rd(1.38%) * (1-Tc(0.22)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.83%
[DCF] Terminal Value 87.28% ; FCFF base≈2.62b ; Y1≈2.89b ; Y5≈3.75b
[DCF] Fair Price = 123.1 (EV 110.28b - Net Debt 32.74b = Equity 77.54b / Shares 629.8m; r=6.0% [WACC]; 5y FCF grow 12.17% → 3.0% )
EPS Correlation: 83.30 | EPS CAGR: 16.65% | SUE: 0.10 | # QB: 0
Revenue Correlation: 60.07 | Revenue CAGR: 13.41% | SUE: 1.14 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.38 | Chg7d=-0.012 | Chg30d=-0.054 | Revisions Net=-3 | Analysts=7
EPS current Year (2026-12-31): EPS=5.58 | Chg7d=-0.066 | Chg30d=-0.258 | Revisions Net=-8 | Growth EPS=+2.9% | Growth Revenue=-2.7%
EPS next Year (2027-12-31): EPS=6.12 | Chg7d=+0.024 | Chg30d=-0.190 | Revisions Net=-4 | Growth EPS=+9.7% | Growth Revenue=+8.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.1% (Discount Rate 8.1% - Earnings Yield 6.0%)
[Growth] Growth Spread = +8.0% (Analyst 10.1% - Implied 2.1%)
P/E Forward = 16.0256
P/S = 1.684
P/B = 2.4987
P/EG = 2.2463
Revenue TTM = 33.63b USD
EBIT TTM = 6.27b USD
EBITDA TTM = 7.79b USD
Long Term Debt = 30.75b USD (from longTermDebt, last quarter)
Short Term Debt = 2.06b USD (from shortTermDebt, last quarter)
Debt = 32.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.74b USD (from netDebt column, last quarter)
Enterprise Value = 89.37b USD (56.63b + Debt 32.82b - CCE 78.0m)
Interest Coverage Ratio = 3.52 (Ebit TTM 6.27b / Interest Expense TTM 1.78b)
EV/FCF = 36.52x (Enterprise Value 89.37b / FCF TTM 2.45b)
FCF Yield = 2.74% (FCF TTM 2.45b / Enterprise Value 89.37b)
FCF Margin = 7.28% (FCF TTM 2.45b / Revenue TTM 33.63b)
Net Margin = 10.10% (Net Income TTM 3.40b / Revenue TTM 33.63b)
Gross Margin = 21.46% ((Revenue TTM 33.63b - Cost of Revenue TTM 26.41b) / Revenue TTM)
Gross Margin QoQ = 29.44% (prev 19.17%)
Tobins Q-Ratio = 1.34 (Enterprise Value 89.37b / Total Assets 66.64b)
Interest Expense / Debt = 1.38% (Interest Expense 453.0m / Debt 32.82b)
Taxrate = 21.88% (274.0m / 1.25b)
NOPAT = 4.90b (EBIT 6.27b * (1 - 21.88%))
Current Ratio = 0.71 (Total Current Assets 4.49b / Total Current Liabilities 6.37b)
Debt / Equity = 1.46 (Debt 32.82b / totalStockholderEquity, last quarter 22.48b)
Debt / EBITDA = 4.20 (Net Debt 32.74b / EBITDA 7.79b)
Debt / FCF = 13.38 (Net Debt 32.74b / FCF TTM 2.45b)
Total Stockholder Equity = 21.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.19% (Net Income 3.40b / Total Assets 66.64b)
RoE = 15.47% (Net Income TTM 3.40b / Total Stockholder Equity 21.94b)
RoCE = 11.90% (EBIT 6.27b / Capital Employed (Equity 21.94b + L.T.Debt 30.75b))
RoIC = 8.96% (NOPAT 4.90b / Invested Capital 54.70b)
WACC = 5.52% (E(56.63b)/V(89.45b) * Re(8.09%) + D(32.82b)/V(89.45b) * Rd(1.38%) * (1-Tc(0.22)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.83%
[DCF] Terminal Value 87.28% ; FCFF base≈2.62b ; Y1≈2.89b ; Y5≈3.75b
[DCF] Fair Price = 123.1 (EV 110.28b - Net Debt 32.74b = Equity 77.54b / Shares 629.8m; r=6.0% [WACC]; 5y FCF grow 12.17% → 3.0% )
EPS Correlation: 83.30 | EPS CAGR: 16.65% | SUE: 0.10 | # QB: 0
Revenue Correlation: 60.07 | Revenue CAGR: 13.41% | SUE: 1.14 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.38 | Chg7d=-0.012 | Chg30d=-0.054 | Revisions Net=-3 | Analysts=7
EPS current Year (2026-12-31): EPS=5.58 | Chg7d=-0.066 | Chg30d=-0.258 | Revisions Net=-8 | Growth EPS=+2.9% | Growth Revenue=-2.7%
EPS next Year (2027-12-31): EPS=6.12 | Chg7d=+0.024 | Chg30d=-0.190 | Revisions Net=-4 | Growth EPS=+9.7% | Growth Revenue=+8.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.1% (Discount Rate 8.1% - Earnings Yield 6.0%)
[Growth] Growth Spread = +8.0% (Analyst 10.1% - Implied 2.1%)