(OKE) ONEOK - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 59.174m USD | Total Return: -1.1% in 12m

Stock Natural Gas, NGLs, Refined Products, Crude, Storage
Total Rating 43
Risk 62
Buy Signal -0.36
Oil & Gas Midstream +1.4
Oil & Gas Storage & Transportation +2.1
Market Cap: 59,174m
Avg Trading Vol: 392M USD
ATR: 2.60%
Peers RS (IBD): 23.0
Risk 5d forecast
Volatility23.3%
Rel. Tail Risk2.75%
Reward TTM
Sharpe Ratio0.01
Alpha-9.92
Character TTM
Beta0.605
Beta Downside0.246
Drawdowns 3y
Max DD42.17%
CAGR/Max DD0.45
EPS (Earnings per Share) EPS (Earnings per Share) of OKE over the last years for every Quarter: "2021-03": 0.86, "2021-06": 0.77, "2021-09": 0.88, "2021-12": 0.85, "2022-03": 0.87, "2022-06": 0.92, "2022-09": 1.03, "2022-12": 1.08, "2023-03": 1.08, "2023-06": 1.04, "2023-09": 0.99, "2023-12": 1.18, "2024-03": 1.09, "2024-06": 1.33, "2024-09": 1.18, "2024-12": 1.57, "2025-03": 1.04, "2025-06": 1.34, "2025-09": 1.49, "2025-12": 1.55, "2026-03": 0,
EPS CAGR: -45.11%
EPS Trend: -4.9%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of OKE over the last years for every Quarter: 2021-03: 3325.197, 2021-06: 3474.126, 2021-09: 4759.916, 2021-12: 5712.863, 2022-03: 5655.403, 2022-06: 6254.495, 2022-09: 5991.469, 2022-12: 5032.031, 2023-03: 4498, 2023-06: 3637, 2023-09: 4158, 2023-12: 5183, 2024-03: 4781, 2024-06: 4894, 2024-09: 5023, 2024-12: 7000, 2025-03: 8043, 2025-06: 7887, 2025-09: 8634, 2025-12: 9065, 2026-03: null,
Rev. CAGR: 13.41%
Rev. Trend: 60.1%
Last SUE: 1.14
Qual. Beats: 1
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 31, 2026, the stock is trading at USD 92.96 with a total of 4,968,150 shares traded.
Over the past week, the price has changed by +3.38%, over one month by +12.31%, over three months by +27.65% and over the past year by -1.09%.
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
Wallstreet Target Price 92.1 -0.9%
Analysts Target Price 92.1 -0.9%
OKE Fundamental Data Overview March 31, 2026
P/E Trailing = 17.3358
P/E Forward = 16.0256
P/S = 1.7596
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 = 91.91b USD (59.17b + Debt 32.82b - CCE 78.0m)
Interest Coverage Ratio = 3.52 (Ebit TTM 6.27b / Interest Expense TTM 1.78b)
EV/FCF = 37.56x (Enterprise Value 91.91b / FCF TTM 2.45b)
FCF Yield = 2.66% (FCF TTM 2.45b / Enterprise Value 91.91b)
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 = 1.38 (Enterprise Value 91.91b / 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 = 5.60% (E(59.17b)/V(91.99b) * Re(8.11%) + D(32.82b)/V(91.99b) * Rd(1.38%) * (1-Tc(0.22)))
Discount Rate = 8.11% (= 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: -4.93 | EPS CAGR: -45.11% | SUE: -4.0 | # QB: 0
Revenue Correlation: 60.07 | Revenue CAGR: 13.41% | SUE: 1.14 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.42 | Chg7d=+0.021 | Chg30d=-0.021 | Revisions Net=-4 | Analysts=8
EPS current Year (2026-12-31): EPS=5.67 | Chg7d=+0.024 | Chg30d=-0.072 | Revisions Net=-7 | Growth EPS=+4.6% | Growth Revenue=-1.5%
EPS next Year (2027-12-31): EPS=6.13 | Chg7d=+0.017 | Chg30d=-0.064 | Revisions Net=-5 | Growth EPS=+8.1% | Growth Revenue=+7.4%
[Analyst] Revisions Ratio: -1.00 (0 Up / 4 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.3% (Discount Rate 8.1% - Earnings Yield 5.8%)
[Growth] Growth Spread = +7.7% (Analyst 10.1% - Implied 2.3%)
Additional Sources for OKE Stock Fund Manager Positions: Dataroma · Stockcircle