ONEOK (OKE) Stock Price
ONEOK Price
Revenue has compounded at 5.6% per year over the past 19 years to 33.63 B USD. Earnings per share have grown at 7.4% per year over the last 19 years. ONEOK's net margin stands at 10.1%, up from 8.7% several years earlier. ONEOK currently offers a dividend yield of about 4.65%. The payout ratio is around 77% of earnings. The dividend has grown at 10.6% per year over the past 19 years. Analysts set a median price target of 91.00 USD, implying 2.7% above the current price. Of 28 analysts, 13 rate the stock a buy — an overall Hold consensus. The stock trades about 38% above its 52-week low.
ONEOK stock price
ONEOK Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB USD |
| EBITB USD |
| EBIT MARGIN% |
| NET INCOMEB USD |
| NET INCOME GROWTH% |
| DIVIDENDDIV.USD |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.68 | 8.89 | 12.24 | 12.62 | 10.11 | 8.46 | 17.27 | 22.87 | 17.68 | 21.64 | 33.63 | 42.71 | 40.77 | 41.50 | 38.07 | 40.93 |
| -37.12 | 15.78 | 37.65 | 3.10 | -19.87 | -16.39 | 104.26 | 32.41 | -22.71 | 22.41 | 55.42 | 27.01 | -4.55 | 1.78 | -8.27 | 7.53 |
| 14.06 | 15.04 | 13.10 | 15.59 | 19.63 | 23.95 | 17.48 | 13.64 | 32.52 | 23.34 | 21.46 | 21.46 | 21.46 | 21.46 | 21.46 | 21.46 |
| 1.08 | 1.34 | 1.60 | 1.97 | 1.99 | 2.03 | 3.02 | 3.12 | 5.75 | 5.05 | 7.22 | 9.17 | 8.75 | 8.91 | 8.17 | 8.79 |
| 0.99 | 1.41 | 1.51 | 1.86 | 1.87 | 1.42 | 2.85 | 3.03 | 4.07 | 5.02 | 6.97 | 6.25 | 6.42 | 6.98 | 7.28 | 7.82 |
| 12.93 | 15.83 | 12.30 | 14.77 | 18.45 | 16.80 | 16.52 | 13.27 | 23.04 | 23.20 | 20.72 | 14.62 | 15.75 | 16.83 | 19.12 | 19.11 |
| 0.24 | 0.35 | 0.39 | 1.15 | 1.28 | 0.61 | 1.50 | 1.72 | 2.66 | 3.04 | 3.40 | 3.35 | 3.60 | 4.04 | 4.18 | 4.56 |
| -22.29 | 44.26 | 9.94 | 197.42 | 11.03 | -52.11 | 145.10 | 14.80 | 54.41 | 14.14 | 11.86 | -1.30 | 7.52 | 11.99 | 3.52 | 9.15 |
| 2.43 | 2.46 | 2.72 | 3.24 | 3.53 | 3.74 | 3.74 | 3.74 | 3.82 | 3.96 | 4.12 | 4.28 | 4.36 | 4.45 | – | – |
| 14.08 | 1.23 | 10.57 | 19.12 | 8.95 | 5.95 | – | – | 2.14 | 3.66 | 4.04 | 3.88 | 1.87 | 2.06 | – | – |
| 210.68 | 213.16 | 409.68 | 412.91 | 414.28 | 445.10 | 447.64 | 448.98 | 585.50 | 586.50 | 631.20 | 631.20 | 631.20 | 631.20 | 631.20 | 631.20 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales ONEOK generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue ONEOK retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare ONEOK's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares ONEOK has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against ONEOK's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
ONEOK business model & stock analysis
ONEOK SWOT Analysis
Strengths
ONEOK Inc has a strong market presence as one of the largest midstream service providers in the United States. This positions the company well to capitalize on industry growth and explore potential expansion opportunities.
The company boasts a diverse portfolio of assets, including natural gas gathering and processing facilities, pipelines, and storage facilities. This allows ONEOK Inc to provide various services to its clients and ensure stable revenue streams.
Over the years, ONEOK Inc has showcased robust financial performance, driven by its efficient operations and strategic investments. This financial stability enhances the company's ability to withstand market fluctuations and invest in future growth opportunities.
Weaknesses
ONEOK Inc's profitability heavily relies on natural gas prices. Fluctuations in the price of natural gas can impact the company's revenues and profitability, making it vulnerable to market volatility.
While being a key player in the United States, ONEOK Inc's operations are primarily focused on specific regions, making it less diversified compared to some competitors. This regional concentration poses a risk to the company if there are adverse economic or regulatory changes in those areas.
Opportunities
The midstream sector is witnessing substantial growth driven by increasing energy production. ONEOK Inc can leverage this opportunity to expand its operations, forge strategic partnerships, and capture a larger market share.
With the growing focus on renewable energy sources, ONEOK Inc can explore opportunities to diversify its portfolio and invest in renewable energy infrastructure. This could help the company stay relevant in an evolving energy landscape.
Threats
Given the highly regulated nature of the energy industry, ONEOK Inc is subject to potential changes in regulations and policies. Compliance with evolving environmental and safety standards can increase operational costs and impact profitability.
ONEOK Inc faces intense competition from other midstream service providers, both established companies and emerging players. This competition can put pressure on pricing, market share, and ability to secure new contracts or projects.
ONEOK Eulerpool Fair Value
ONEOK historical P/E ratio, EBIT multiple, and P/S ratio
ONEOK stock splits
Since 1990, a total of 8 shares have been converted from one ONEOK share.
ONEOK Dividend History
37 years of dividend payments · 3 consecutive increases
Current ONEOK forecasts and price targets in September 2026
Analyst Price Targets 2026ONEOK Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 8/18/2026 | Maintained | Equal Weight | 46 | |
| 7/29/2026 | Downgrade | OverweightEqual Weight | 46 | |
| 7/21/2026 | Maintained | Sector Perform | 48 | |
| 7/17/2026 | Downgrade | BuyHold | 56 | |
| 7/16/2026 | Maintained | Hold | 58 | |
| 7/8/2026 | Maintained | Equal Weight | 62 | |
| 5/8/2026 | Maintained | Neutral | 53 | |
| 5/7/2026 | Maintained | Buy | 46 | |
| 5/4/2026 | Maintained | Hold | – | |
| 4/30/2026 | Maintained | Overweight | 58 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
ONEOK Earnings Calls
ONEOK Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 10/27/2026 | 1.46USD | - | 10.52 BUSD | - | 2026 Q3 |
| 8/3/2026 | 1.46USD | 1.53USD | 8.95 BUSD | - | 2026 Q2 |
| 4/28/2026 | 1.30USD | 1.23USD | 8.23 BUSD | - | 2026 Q1 |
| 2/23/2026 | 1.50USD | 1.55USD | 8.75 BUSD | - | 2025 Q4 |
| 10/28/2025 | 1.44USD | 1.49USD | 8.78 BUSD | - | 2025 Q3 |
| 8/4/2025 | 1.33USD | 1.34USD | 7.69 BUSD | - | 2025 Q2 |
| 4/29/2025 | 1.24USD | 1.04USD | 6.57 BUSD | - | 2025 Q1 |
| 2/24/2025 | 1.46USD | 1.57USD | 6.18 BUSD | - | 2024 Q4 |
| 10/29/2024 | 1.23USD | 1.18USD | 5.58 BUSD | - | 2024 Q3 |
| 8/5/2024 | 1.21USD | 1.33USD | 5.60 BUSD | - | 2024 Q2 |
EESG©
Eulerpool ESG Scorecard© for the ONEOK stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
ONEOK shareholder structure
| % | Name |
|---|---|
10.12595% | |
7.08856% | |
6.96804% | |
5.25455% | |
3.13190% | |
2.91950% |
ONEOK Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
11.38% | SEC ↗ | |
10.20% | SEC ↗ | |
7.54% | SEC ↗ | |
7.03% | SEC ↗ | |
5.20% | SEC ↗ | |
5.06% | SEC ↗ | |
1.80% | SEC ↗ | |
1.80% | SEC ↗ | |
0.60% | SEC ↗ | |
0.10% | SEC ↗ |
ONEOK Executives and Management Board
18 members · avg. age 63 · 22 % women
Mr. Pierce Norton (65)
President, Chief Executive Officer, Director · since 2006
13.24 M USD
Management
Mr. Walter Hulse (61)
Chief Financial Officer, Executive Vice President of Investor Relations and Corporate Development, Treasurer
Mr. Lyndon Taylor (66)
Executive Vice President, Chief Legal Officer, Assistant Secretary
Mr. Sheridan Swords (55)
Executive Vice President, Chief Commercial Officer
Mr. Kevin Burdick (60)
Executive Vice President, Chief Enterprise Services Officer · since 2023
Mr. Randy Lentz (60)
Chief Operating Officer, Executive Vice President
Ms. Mary Spears (45)
Senior Vice President, Chief Accounting Officer, Finance and Tax
Board of Directors
Ms. Julie Edwards (66)
Independent Chairman of the Board
Mr. Brian Derksen (73)
Independent Director
Mr. Eduardo Rodriguez (70)
Independent Director
Mr. Gerald Smith (74)
Independent Director
Mr. Randall Larson (67)
Independent Director
Ms. Pattye Moore (67)
Independent Director
ONEOK Supply Chain
Frequently asked questions about ONEOK
The business model of ONEOK Inc is a leading midstream service provider in the energy industry. The company operates a diverse network of pipelines, storage facilities, and processing plants to gather, transport, and process natural gas and natural gas liquids (NGLs). ONEOK Inc's primary focus is on the gathering, processing, and transportation of natural gas and NGLs, including fractionation and storage services. By leveraging its extensive infrastructure, the company serves both producers and consumers of energy products across the United States. With its strategic assets and integrated services, ONEOK Inc ensures reliable and efficient delivery of energy resources, driving growth and value for its shareholders.
ONEOK Inc is primarily active in the energy industry and operates in the midstream sector.
The main competitors of ONEOK Inc in the market include Energy Transfer LP, Kinder Morgan Inc, and Enterprise Products Partners LP.
ONEOK Inc is a leading energy company based in the United States. Founded in 1906, the company began as an intrastate natural gas pipeline business. Over the years, ONEOK Inc has expanded its operations and transformed into a diversified energy company. Today, it primarily focuses on the gathering, processing, storage, and transportation of natural gas and natural gas liquids (NGLs). With a robust infrastructure network spanning across North America, ONEOK Inc plays a vital role in the energy industry, ensuring the reliable delivery of energy resources. As a trusted and established energy company, ONEOK Inc has built a strong reputation for its commitment to safety, sustainability, and customer satisfaction.
ONEOK Inc has achieved significant milestones in its history. The company's notable accomplishments include expanding its operations and diversifying its portfolio. ONEOK Inc successfully completed the acquisition of Westar Energy, resulting in increased service capabilities and geographic presence. The company also expanded its natural gas liquids infrastructure with the completion of the Arbuckle II pipeline and the Elk Creek pipeline. Additionally, ONEOK Inc focused on environmental sustainability by investing in renewable energy projects and reducing greenhouse gas emissions. These achievements demonstrate ONEOK Inc's commitment to strategic growth and sustainability in the energy sector.
ONEOK Inc is primarily present in the United States.
ONEOK Inc represents values of integrity, responsibility, and commitment to excellence. With a strong corporate philosophy centered on serving customers, employees, and communities, ONEOK Inc strives to deliver value and ensure the safety and well-being of all stakeholders. Through their focused approach, they aim to provide reliable energy solutions and meet the evolving needs of their customers in the natural gas and natural gas liquids sectors. ONEOK Inc also places emphasis on sustainable practices, environmental stewardship, and maintaining a strong reputation as a leading energy company. Their dedication to these values is reflected in their consistent growth and success in the industry.
Analysts currently set an average price target of 92.63 USD for the ONEOK stock (median: 91.00 USD), implying +4.5 % versus the latest price. The consensus is based on 28 analyst ratings.
28 analysts currently rate the ONEOK stock: 13 recommend buying, 15 holding and 0 selling. For 2026, analysts expect ONEOK to generate revenue of 42.71 B USD and earnings per share of 5.31 USD.
Converted at the current exchange rate, the ONEOK share trades at 77.77 EUR (88.63 USD).
The ONEOK share (OKE) is listed on 9 stock exchanges, including: NYSE (OKE), London (0KCI.L), SIX (Zürich) (ONK.SW), XETRA (ONK.DE), Frankfurt (ONK.F), München (ONK.MU), Düsseldorf (ONK.DU).
ONEOK Inc. is a leading North American energy company based in Tulsa, Oklahoma. The company's business model is based on providing energy products and services to customers in various industries, including the chemical industry, transportation, retail, and residential sectors. The company operates three different business segments: ONEOK Partners, Natural Gas Liquids (NGLs), and Natural Gas Pipelines. These divisions work together to provide customers with a complete range of energy products and services. ONEOK Partners is the largest business segment of the company and operates pipelines, storage, and processing facilities for natural gas and NGLs in the United States. These facilities are strategically located and enable the company to offer cost-effective solutions for the transportation and processing of these energy resources. Natural Gas Liquids (NGLs) is another important business segment of ONEOK and manufactures a wide range of NGL products used in the chemical industry, transportation, and other sectors. These products include ethylene, propylene, butane and propane, as well as fuels and lubricants. Natural Gas Pipelines is another important area of ONEOK, operating pipeline systems that span North America and enable the transportation of natural gas and other energy resources. These pipeline systems help reduce the costs of energy transportation and processing and meet the energy needs in North America. Overall, ONEOK offers a variety of energy products and services that allow customers to meet their energy needs cost-effectively and safely. The company prides itself on being able to respond to the changing needs of its customers and integrate new technologies and solutions into its products and services. As part of these efforts, ONEOK recently announced the construction of a new pipeline in Texas that will enable the company to achieve higher capacities and improved operational efficiency in the region. The company also plans to make further investments in renewable energy sources to offer its customers a broader range of sustainable energy options. Overall, ONEOK is an advanced energy company focused on providing its customers with high-quality products and services tailored to their specific needs. With the use of state-of-the-art technology and collaboration with customers and partners throughout the energy industry, ONEOK remains a leading provider of energy products and services in North America.
The expected revenue of ONEOK is 42.71 B USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of ONEOK is 3.35 B USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of ONEOK is currently 16.69. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the ONEOK stock.
The price-to-sales ratio (P/S) of ONEOK is currently 1.31. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the ONEOK stock.
The Eulerpool Quality Score for ONEOK is 7/10.
The ISIN of ONEOK is US6826801036. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of ONEOK is 911060. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of ONEOK is OKE. The ticker symbol is used to trade ONEOK shares on the stock exchange.
Over the past 12 months, ONEOK paid a dividend of 4.12 USD . This corresponds to a dividend yield of about 4.65 %. For the coming 12 months, ONEOK is expected to pay a dividend of 4.36 USD.
The current dividend yield of ONEOK is 4.65 %.
ONEOK pays a dividend, distributed in the months of November, February, May, August.
ONEOK paid dividends every year for the past 36 years.
For the upcoming 12 months, dividends amounting to 4.36 USD are expected. This corresponds to a dividend yield of 4.92 %.
ONEOK is assigned to the 'Energy' sector.
In the year 2025, ONEOK distributed 4.12 USD as dividends.
The dividends of ONEOK are distributed in USD.
ONEOK stock
ONEOK Peer Group
ONEOK Ticker
ONEOK FIGI
All fundamentals and in-depth analysis of ONEOK
Our stock analysis for ONEOK stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ONEOK. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.