Overview Dividends

(OKE) ONEOK - Ratings and Ratios

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

Pipelines, Processing, Fractionation, Storage, Transport

OKE EPS (Earnings per Share)

EPS Growth (3Y CAGR): 12.41%
EPS Trend (3Y Correlation): 66.7%

OKE Revenue

Revenue Growth (3Y CAGR): 21.69%
Revenue Trend (3Y Correlation): 85.1%

Risk via 10d forecast
Volatility	24.0%
Value at Risk 5%th	40.3%

Reward
Sharpe Ratio	-1.23
Alpha Jensen	-45.96

Character
Hurst Exponent	0.491
Beta	0.935

Drawdowns 3y
Max DD	42.17%
Mean DD	10.71%

Description: OKE ONEOK September 29, 2025

ONEOK, Inc. (NYSE: OKE) is a U.S. midstream energy company that provides gathering, processing, fractionation, transportation, storage, and marine export services across four primary segments: Natural Gas Gathering & Processing, Natural Gas Liquids (NGL), Natural Gas Pipelines, and Refined Products & Crude.

The firm’s asset base spans the Mid-Continent, Permian Basin, North Texas, Gulf Coast, and Rocky Mountain regions, where it operates extensive natural-gas gathering pipelines, NGL fractionation and storage facilities, and regulated interstate and intrastate natural-gas transmission pipelines. In addition to energy infrastructure, ONEOK owns a downtown Tulsa parking garage and leases a portfolio of industrial real-estate and equipment assets.

Key financial metrics from the most recent fiscal year (FY 2024) include adjusted EBITDA of roughly **$5.1 billion**, a **dividend yield of ~5.5 %** with a 5 % YoY increase, and capital expenditures of **$2.2 billion** focused on pipeline expansion and NGL processing capacity. Utilization rates on its core natural-gas pipelines averaged **≈85 %**, while NGL processing volumes reached **1.9 billion cubic feet equivalent (Bcfe)**, reflecting strong demand for propane and ethane in the petrochemical sector.

Sector-level drivers that materially affect ONEOK’s outlook are: (1) sustained growth in U.S. natural-gas production, especially from the Permian and Haynesville basins; (2) rising demand for NGLs as feedstock for petrochemical and plastics manufacturing, supported by higher ethane-to-propylene conversion margins; and (3) the expanding U.S. LNG export market, which boosts upstream gas output and, consequently, midstream throughput volumes.

For a deeper quantitative view of ONEOK’s valuation metrics and scenario analysis, the ValueRay platform offers a concise dashboard you may find useful.

OKE Stock Overview

Market Cap in USD	42,863m
Sub-Industry	Oil & Gas Storage & Transportation
IPO / Inception	1985-07-01
Return 12m vs S&P 500	-40.7%
Analyst Rating	4.11 of 5

OKE Dividends

Dividend Yield	5.93%
Yield on Cost 5y	17.06%
Yield CAGR 5y	1.30%
Payout Consistency	82.2%
Payout Ratio	75.7%

OKE Growth Ratios

CAGR	8.61%
CAGR/Max DD Calmar Ratio	0.20
CAGR/Mean DD Pain Ratio	0.80
Current Volume	4271.7k
Average Volume	4247.9k

Piotroski VR‑10 (Strict, 0-10) 4.5

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

FCFTA 0.08 (>2.0%) and ΔFCFTA 2.32pp (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) 71.28

1. Piotroski 4.50pt = -0.50

2. FCF Yield 6.77% = 3.38

3. FCF Margin 16.16% = 4.04

4. Debt/Equity 1.53 = 1.43

5. Debt/Ebitda 4.16 = -2.50

6. ROIC - WACC (= 3.48)% = 4.35

7. RoE 16.23% = 1.35

8. Rev. Trend 85.13% = 6.38

9. EPS Trend 66.70% = 3.34

What is the price of OKE shares?

As of November 14, 2025, the stock is trading at USD 69.44 with a total of 4,271,700 shares traded.
Over the past week, the price has changed by +2.40%, over one month by +1.37%, over three months by -6.38% and over the past year by -32.43%.

Is ONEOK a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, ONEOK (NYSE:OKE) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 71.28 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of OKE is around 64.40 USD . This means that OKE is currently overvalued and has a potential downside of -7.26%.

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	89.4	28.7%
Analysts Target Price	89.4	28.7%
ValueRay Target Price	70	0.8%

OKE Fundamental Data Overview November 10, 2025

Market Cap USD = 42.86b (42.86b USD * 1.0 USD.USD)
P/E Trailing = 12.5221
P/E Forward = 11.9474
P/S = 1.358
P/B = 2.0906
P/EG = 1.5315
Beta = 0.935
Revenue TTM = 31.56b USD
EBIT TTM = 6.34b USD
EBITDA TTM = 7.81b USD
Long Term Debt = 31.02b USD (from longTermDebt, last fiscal year)
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 = 75.39b USD (42.86b + Debt 33.73b - CCE 1.20b)
Interest Coverage Ratio = 3.57 (Ebit TTM 6.34b / Interest Expense TTM 1.78b)
FCF Yield = 6.77% (FCF TTM 5.10b / Enterprise Value 75.39b)
FCF Margin = 16.16% (FCF TTM 5.10b / 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 = 1.13 (Enterprise Value 75.39b / 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 = 6.38 (Net Debt 32.53b / FCF TTM 5.10b)
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 = 12.30% (EBIT 6.34b / Capital Employed (Equity 20.58b + L.T.Debt 31.02b))
RoIC = 9.22% (NOPAT 4.82b / Invested Capital 52.27b)
WACC = 5.74% (E(42.86b)/V(76.59b) * Re(9.46%) + D(33.73b)/V(76.59b) * Rd(1.33%) * (1-Tc(0.24)))
Discount Rate = 9.46% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.57%
[DCF Debug] Terminal Value 76.98% ; FCFE base≈4.15b ; Y1≈5.12b ; Y5≈8.74b
Fair Price DCF = 183.0 (DCF Value 115.15b / Shares Outstanding 629.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 66.70 | EPS CAGR: 12.41% | SUE: 0.48 | # QB: 0
Revenue Correlation: 85.13 | Revenue CAGR: 21.69% | SUE: 0.12 | # QB: 0

Additional Sources for OKE Stock

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