(OKE) ONEOK - Overview
Stock: Natural Gas, Natural Gas Liquids, Refined Products, Crude Oil
| Risk 5d forecast | |
|---|---|
| Volatility | 24.6% |
| Relative Tail Risk | 2.02% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.19 |
| Alpha | -19.55 |
| Character TTM | |
|---|---|
| Beta | 0.865 |
| Beta Downside | 1.349 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.17% |
| CAGR/Max DD | 0.35 |
EPS (Earnings per Share)
Revenue
Description: OKE ONEOK January 29, 2026
ONEOK, Inc. (NYSE: OKE) is a U.S. midstream firm that moves, processes, stores, and markets natural gas, natural-gas liquids (NGLs), refined products and crude oil across four business segments: Natural Gas Gathering & Processing, Natural Gas Liquids, 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 set that includes E&P companies, utilities, petrochemical producers, and distributors.
In its most recent fiscal year (2024), ONEOK reported revenue of $13.5 billion, adjusted earnings per share of $6.70, and free cash flow of $2.2 billion. NGL sales volume reached 2.2 billion cubic feet per day (Bcf/d), while natural-gas pipeline utilization averaged 80 %-both metrics reflecting the company’s capacity to capture higher commodity price spreads.
The company’s performance is tightly linked to three macro drivers: (1) natural-gas price volatility, which influences gathering-and-processing margins; (2) growing demand for NGLs in petrochemical feedstocks, especially in the Permian where output is expanding at ~5 % YoY; and (3) regulatory and tariff frameworks governing interstate pipeline capacity, which can affect throughput and fee structures. A sustained rise in U.S. natural-gas production and NGL demand would likely bolster ONEOK’s cash-flow generation.
For a deeper quantitative assessment, you might explore ONEOK’s valuation metrics and scenario analyses on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 3.34b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.95 > 1.0 |
| NWC/Revenue: -1.74% < 20% (prev -3.43%; Δ 1.68% < -1%) |
| CFO/TA 0.09 > 3% & CFO 5.66b > Net Income 3.34b |
| Net Debt (32.53b) to EBITDA (7.81b): 4.16 < 3 |
| Current Ratio: 0.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (628.1m) vs 12m ago 7.06% < -2% |
| Gross Margin: 21.26% > 18% (prev 0.25%; Δ 2101 % > 0.5%) |
| Asset Turnover: 53.65% > 50% (prev 38.94%; Δ 14.71% > 0%) |
| Interest Coverage Ratio: 3.57 > 6 (EBITDA TTM 7.81b / Interest Expense TTM 1.78b) |
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 2.05b / Total Assets 66.62b) |
| C: 0.11 (EBIT TTM 6.34b / Avg Total Assets 58.83b) |
| D: 0.04 (Book Value of Equity 1.99b / Total Liabilities 44.46b) |
| Altman-Z'' Score: 0.82 = B |
Beneish M -2.62
| DSRI: 1.30 (Receivables 2.58b/1.25b, Revenue 31.56b/19.88b) |
| GMI: 1.16 (GM 21.26% / 24.69%) |
| AQI: 0.37 (AQ_t 0.10 / AQ_t-1 0.29) |
| SGI: 1.59 (Revenue 31.56b / 19.88b) |
| TATA: -0.03 (NI 3.34b - CFO 5.66b) / TA 66.62b) |
| Beneish M-Score: -2.62 (Cap -4..+1) = A |
What is the price of OKE shares?
Over the past week, the price has changed by +1.42%, over one month by +19.53%, over three months by +26.97% and over the past year by -6.52%.
Is OKE a buy, sell or hold?
- 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 | 87.3 | -0% |
| Analysts Target Price | 87.3 | -0% |
OKE Fundamental Data Overview February 21, 2026
P/E Forward = 11.9474
P/S = 1.7334
P/B = 2.4758
P/EG = 1.5315
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 = 87.24b USD (54.71b + Debt 33.73b - CCE 1.20b)
Interest Coverage Ratio = 3.57 (Ebit TTM 6.34b / Interest Expense TTM 1.78b)
EV/FCF = 29.88x (Enterprise Value 87.24b / FCF TTM 2.92b)
FCF Yield = 3.35% (FCF TTM 2.92b / Enterprise Value 87.24b)
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 = 1.31 (Enterprise Value 87.24b / 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 = 5.68% (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 = 6.02% (E(54.71b)/V(88.44b) * Re(9.10%) + D(33.73b)/V(88.44b) * Rd(1.33%) * (1-Tc(0.24)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.57%
[DCF Debug] Terminal Value 86.82% ; FCFF base≈2.84b ; Y1≈3.14b ; Y5≈4.07b
Fair Price DCF = 131.8 (EV 115.47b - Net Debt 32.53b = Equity 82.94b / Shares 629.2m; r=6.02% [WACC]; 5y FCF grow 12.17% → 2.90% )
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=-0.000 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=5.84 | Chg30d=-0.086 | Revisions Net=-3 | Growth EPS=+8.3% | Growth Revenue=+5.0%