ONEOK (OKE) Stock Insights

OKE price $95.25 -0.76 -0.79%

Ticker
OKE
Price
$95.25
Change
-0.76 -0.79%
Market cap ?
$60.05B
P/E ?
16.59
Forward P/E ?
16.51
Dividend yield ?
4.40%
Beta ?
0.72
Sector
Energy
Industry
Oil & Gas Midstream
Stocklytics score
43
Value
39
Quality
34
Growth
55

Stocklytics score rationale: value 39, quality 34, growth 55.

Financials

2016201720182019202020212022202320242025
889483200012243256000126229320001011402200084568060001727210200022870517000176770000002163800000033629000000

ONEOK, Inc., along with its subsidiaries, functions as a leading energy infrastructure company within the United States. Its primary focus is the comprehensive management of natural gas, encompassing gathering, processing, storage, and transportation. These operations are structured into three distinct segments: Natural Gas Gathering and Processing, Natural Gas Liquids (NGL), and Natural Gas Pipelines. The company…

Fair value

OKE fair value $93.19. Price $95.25. Price is about fair value.

Around fair value, but more expensive than usual. A larger premium than on 78% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 4.08B. Growth 7.58%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 630.41M. Net debt 32.74B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Free cash flow adds back growth capex above depreciation.

Compare OKE

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-22—1.50—10.39B
2026-10-272.131.5012.46B10.54B
2026-08-031.531.4612.05B8.95B
2026-04-281.231.309.62B8.23B
2026-02-231.551.509.06B8.75B
2025-10-281.491.448.63B8.78B
2025-08-041.341.337.89B7.69B
2025-04-291.041.248.04B6.57B
2025-02-241.571.467.00B6.18B
2024-10-291.181.235.02B5.58B
2024-08-051.331.214.89B5.60B
2024-04-301.091.164.78B5.65B
2024-02-261.181.205.18B6.04B
2023-10-310.991.054.19B5.76B
2023-08-071.041.023.73B4.30B
2023-05-022.342.074.52B5.54B
2023-02-271.081.025.03B5.90B
2022-11-011.030.965.91B6.21B
2022-08-080.920.876.00B5.06B
2022-05-030.870.895.44B5.00B
2022-02-280.850.895.42B4.34B
2021-11-020.880.824.54B3.52B
2021-08-030.770.753.39B3.39B
2021-04-270.860.773.19B2.69B
2021-02-220.690.732.57B2.71B
2020-10-270.700.612.17B1.89B
2020-07-280.320.511.66B2.65B
2020-04-280.830.802.14B2.06B
2020-02-240.770.772.66B2.66B
2019-10-290.740.742.26B2.29B
2019-07-300.750.712.46B2.33B
2019-04-300.810.732.78B2.51B
2019-02-250.700.733.14B3.27B
2018-10-300.750.713.39B3.21B
2018-07-310.680.672.96B2.92B
2018-05-010.640.613.10B2.96B
2018-02-260.520.513.79B3.72B
2017-10-310.470.452.91B3.04B
2017-08-010.330.452.73B3.30B
2017-05-020.410.432.75B2.88B

Dividends

Yield 4.45%. Payout ratio 72.28%. Frequency Quarterly.

Safety score 82/100 · Safe. Payout ratio is 72% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 42 separate years. Yield is 4.5%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-02$1.072026-11-022026-11-16Quarterly
2026-08-03$1.072026-08-032026-08-14Quarterly
2026-05-04$1.072026-05-042026-05-15Quarterly
2026-02-02$1.072026-02-022026-02-13Quarterly
2025-11-03$1.032025-11-032025-11-14Quarterly
2025-08-01$1.032025-08-012025-08-14Quarterly
2025-05-05$1.032025-05-052025-05-15Quarterly
2025-02-03$1.032025-02-032025-02-14Quarterly
2024-11-01$0.992024-11-012024-11-14Quarterly
2024-08-01$0.992024-08-012024-08-14Quarterly
2024-04-30$0.992024-05-012024-05-15Quarterly
2024-01-29$0.992024-01-302024-02-14Quarterly
2023-10-31$0.952023-11-012023-11-14Quarterly
2023-07-31$0.952023-08-012023-08-14Quarterly
2023-04-28$0.952023-05-012023-05-15Quarterly
2023-01-27$0.952023-01-302023-02-14Quarterly
2022-10-31$0.942022-11-012022-11-14Quarterly
2022-07-29$0.942022-08-012022-08-15Quarterly
2022-04-29$0.942022-05-022022-05-16Quarterly
2022-01-28$0.942022-01-312022-02-14Quarterly
2021-10-29$0.942021-11-012021-11-15Quarterly
2021-07-30$0.942021-08-022021-08-16Quarterly
2021-04-23$0.942021-04-262021-05-14Quarterly
2021-01-29$0.942021-02-012021-02-12Quarterly
2020-10-30$0.942020-11-022020-11-13Quarterly
2020-07-31$0.942020-08-032020-08-14Quarterly
2020-04-24$0.942020-04-272020-05-14Quarterly
2020-01-24$0.942020-01-272020-02-14Quarterly
2019-11-01$0.922019-11-042019-11-14Quarterly
2019-08-05$0.892019-08-062019-08-14Quarterly
2019-04-26$0.862019-04-292019-05-15Quarterly
2019-01-25$0.862019-01-282019-02-14Quarterly
2018-11-02$0.852018-11-052018-11-14Quarterly
2018-08-03$0.822018-08-062018-08-14Quarterly
2018-04-27$0.802018-04-302018-05-15Quarterly
2018-01-26$0.772018-01-292018-02-14Quarterly
2017-11-03$0.742017-11-062017-11-14Quarterly
2017-08-03$0.742017-08-072017-08-14Quarterly
2017-04-27$0.612017-05-012017-05-15Quarterly
2017-01-26$0.612017-01-302017-02-14Quarterly
2016-10-27$0.612016-10-312016-11-14Quarterly
2016-08-04$0.612016-08-082016-08-14Quarterly
2016-04-28$0.612016-05-022016-05-13Quarterly
2016-01-28$0.612016-02-012016-02-12Quarterly
2015-10-29$0.612015-11-022015-11-13Quarterly
2015-07-30$0.602015-08-032015-08-14Quarterly
2015-04-28$0.602015-04-302015-05-15Quarterly
2015-01-28$0.602015-01-302015-02-13Quarterly
2014-10-30$0.592014-11-032014-11-14Quarterly
2014-07-31$0.572014-08-042014-08-14Quarterly
2014-04-28$0.562014-04-302014-05-15Quarterly
2014-02-06$0.402014-02-102014-02-18Quarterly
2013-10-31$0.332013-11-042013-11-14Quarterly
2013-08-01$0.332013-08-052013-08-15Quarterly
2013-04-26$0.322013-04-302013-05-15Quarterly
2013-01-29$0.322013-01-312013-02-14Quarterly
2012-11-01$0.292012-11-052012-11-14Quarterly
2012-08-02$0.292012-08-062012-08-15Quarterly
2012-04-26$0.272012-04-302012-05-15Quarterly
2012-01-27$0.272012-01-312012-02-14Quarterly
2011-11-03$0.252011-11-072011-11-14Quarterly
2011-07-28$0.252011-08-012011-08-12Quarterly
2011-04-27$0.232011-04-292011-05-13Quarterly
2011-01-27$0.232011-01-312011-02-14Quarterly
2010-10-27$0.212010-10-292010-11-12Quarterly
2010-07-28$0.202010-07-302010-08-13Quarterly
2010-04-28$0.192010-04-302010-05-14Quarterly
2010-01-27$0.192010-01-292010-02-12Quarterly
2009-10-28$0.182009-10-302009-11-13Quarterly
2009-07-29$0.182009-07-312009-08-14Quarterly
2009-04-28$0.182009-04-302009-05-15Quarterly
2009-01-28$0.182009-01-302009-02-13Quarterly
2008-10-29$0.182008-10-312008-11-14Quarterly
2008-07-29$0.182008-07-312008-08-14Quarterly
2008-04-28$0.172008-04-302008-05-15Quarterly
2008-01-29$0.172008-01-312008-02-14Quarterly
2007-10-29$0.162007-10-312007-11-14Quarterly
2007-07-27$0.162007-07-312007-08-14Quarterly
2007-04-26$0.152007-04-302007-05-14Quarterly
2007-01-29$0.152007-01-312007-02-15Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-14SPEARS MARY MBuy4.89K——
2026-09-23SPEARS MARY MBuy2.32K——
2026-09-23SPEARS MARY MSell1.02K$90.0991.53K
2026-09-23SPEARS MARY MSell2.32K——
2026-09-23HULSE WALTER S IIIBuy7.24K——
2026-09-23HULSE WALTER S IIISell3.17K$90.09285.95K
2026-09-23HULSE WALTER S IIISell7.24K——
2026-09-23SWORDS SHERIDAN CBuy4.34K——
2026-09-23SWORDS SHERIDAN CSell1.91K$90.09171.62K
2026-09-23SWORDS SHERIDAN CSell4.34K——
2026-09-23Taylor Lyndon CSell6.37K——
2026-09-23Taylor Lyndon CBuy6.37K——
2026-09-23Taylor Lyndon CSell2.79K$90.09251.62K
2026-09-23BURDICK KEVIN LBuy2.90K——
2026-09-23BURDICK KEVIN LSell1.27K$90.09114.41K
2026-09-23BURDICK KEVIN LSell2.90K——
2026-05-28SPEARS MARY MSell1.00K——
2026-05-20RODRIGUEZ EDUARDO ABuy1.48K$92.15136.01K
2026-05-20RODRIGUEZ EDUARDO ABuy369$92.1534.00K
2026-05-20HELDERMAN MARK WBuy3.04K$92.15280.04K
2026-05-20Owodunni Precious WBuy1.84K$92.15170.02K
2026-05-20EDWARDS JULIE HBuy1.84K$92.15170.02K
2026-05-20MCCOLLUM MARK ABuy1.84K$92.15170.02K
2026-05-20Gobillot LoriBuy1.84K——
2026-05-20LARSON RANDALL JBuy1.84K——
2026-05-20Smith Wayne ThomasBuy1.84K——
2026-05-20DERKSEN BRIAN LBuy1.84K——
2026-02-22SWORDS SHERIDAN CBuy4.92K——
2026-02-22SWORDS SHERIDAN CSell2.23K$87.33194.36K
2026-02-22SWORDS SHERIDAN CSell4.92K——
2026-02-22HULSE WALTER S IIIBuy7.74K——
2026-02-22HULSE WALTER S IIISell3.45K$87.33301.67K
2026-02-22HULSE WALTER S IIISell7.74K——
2026-02-22Taylor Lyndon CBuy8.54K——
2026-02-22Taylor Lyndon CSell3.81K$87.33332.95K
2026-02-22Taylor Lyndon CSell8.54K——
2026-02-22SPEARS MARY MBuy2.29K——
2026-02-22SPEARS MARY MSell1.07K$87.3393.79K
2026-02-22SPEARS MARY MSell2.29K——
2026-02-22NORTON PIERCEBuy17.59K——
2026-02-22NORTON PIERCESell7.77K$87.33678.94K
2026-02-22NORTON PIERCESell17.59K——
2026-02-22BURDICK KEVIN LBuy5.63K——
2026-02-22BURDICK KEVIN LSell2.54K$87.33221.60K
2026-02-22BURDICK KEVIN LSell5.63K——
2026-02-18HULSE WALTER S IIIBuy24.63K——
2026-02-18Lentz Randy NBuy14.12K——
2026-02-18SPEARS MARY MBuy5.47K——
2026-02-18Taylor Lyndon CBuy17.28K——
2026-02-18SWORDS SHERIDAN CBuy14.12K——
2026-02-18BURDICK KEVIN LBuy12.10K——
2026-02-18NORTON PIERCEBuy60.49K——
2026-01-30Lentz Randy NSell6.56K——
2026-01-30Lentz Randy NBuy6.56K$79.19519.22K
2026-01-30Lentz Randy NSell1.69K$79.19133.51K
2026-01-23MCCOLLUM MARK ABuy727$78.0056.71K
2026-01-23Owodunni Precious WBuy727$78.0056.71K
2026-01-23MCCOLLUM MARK AOther0——
2026-01-23Owodunni Precious WOther0——
2025-11-03DERKSEN BRIAN LBuy2.50K$66.00165.00K
2025-09-23SWORDS SHERIDAN CBuy20.66K——
2025-09-23SPEARS MARY MBuy11.02K——
2025-09-23Taylor Lyndon CBuy30.30K——
2025-09-23Lentz Randy NBuy10.33K——
2025-09-23BURDICK KEVIN LBuy13.77K——
2025-09-23HULSE WALTER S IIIBuy34.44K——
2025-06-13Taylor Lyndon CBuy14$83.751.17K
2025-06-13Taylor Lyndon CSell7$83.75586
2025-06-13HULSE WALTER S IIIBuy14$83.751.17K
2025-06-13HULSE WALTER S IIISell7$83.75586
2025-06-13BURDICK KEVIN LBuy14$83.751.17K
2025-06-13BURDICK KEVIN LSell7$83.75586
2025-06-13SPEARS MARY MBuy14$83.751.17K
2025-06-13SPEARS MARY MSell7$83.75586
2025-06-13Lentz Randy NBuy14$83.751.17K
2025-06-13Lentz Randy NSell4$83.75335
2025-06-13SWORDS SHERIDAN CBuy14$83.751.17K
2025-06-13SWORDS SHERIDAN CSell7$83.75586
2025-06-13NORTON PIERCEBuy14$83.751.17K
2025-06-13NORTON PIERCESell7$83.75586
2025-05-23Smith Wayne ThomasBuy2.10K——
2025-05-23EDWARDS JULIE HBuy3.45K$81.14279.93K
2025-05-23RODRIGUEZ EDUARDO ABuy1.68K$81.14135.99K
2025-05-23RODRIGUEZ EDUARDO ABuy419——
2025-05-23SMITH GERALD BBuy2.10K——
2025-05-23DERKSEN BRIAN LBuy2.10K——
2025-05-23HELDERMAN MARK WBuy3.45K$81.14279.93K
2025-05-23LARSON RANDALL JBuy2.10K——
2025-05-23Gobillot LoriBuy2.10K——
2025-05-23MOORE PATTYE LBuy2.10K——
2025-02-23HULSE WALTER S IIIBuy6.56K——
2025-02-23HULSE WALTER S IIIBuy11.64K——
2025-02-23HULSE WALTER S IIISell2.93K$98.10287.74K
2025-02-23HULSE WALTER S IIISell5.13K$98.10503.62K
2025-02-23HULSE WALTER S IIISell6.56K——
2025-02-23HULSE WALTER S IIISell11.64K——
2025-02-23KELLEY CHARLES MBuy3.86K——
2025-02-23KELLEY CHARLES MBuy6.85K——
2025-02-23KELLEY CHARLES MSell1.76K$98.10172.30K
2025-02-23KELLEY CHARLES MSell3.02K$98.10296.29K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.73K, holders -29 vs prior quarter. Ownership 84.84%.

HolderSharesChangeChange %Value
BLACKROCK, INC.64.54M5.15M+8.67%5.61B
STATE STREET CORP43.63M2.06M+4.95%3.79B
VANGUARD CAPITAL MANAGEMENT LLC41.11M245.14K+0.60%3.57B
VANGUARD PORTFOLIO MANAGEMENT LLC30.90M86.24K+0.28%2.69B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC20.37M2.00M+10.91%1.77B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.20.37M20.37MNew1.77B
GEODE CAPITAL MANAGEMENT, LLC17.44M317.02K+1.85%1.51B
CAPITAL INTERNATIONAL INVESTORS17.20M4.09M+31.16%1.50B
MORGAN STANLEY11.89M-701.75K-5.57%1.03B
FIRST EAGLE INVESTMENT MANAGEMENT, LLC11.83M155.65K+1.33%1.03B
UBS GROUP AG11.59M-1.12M-8.83%1.01B
INVESCO LTD.9.45M-29.90K-0.32%821.62M
NORGES BANK6.61M6.61MNew574.35M
GOLDMAN SACHS GROUP INC6.59M668.59K+11.29%572.96M
TORTOISE CAPITAL ADVISORS, L.L.C.6.34M251.32K+4.12%551.55M
CAPITAL RESEARCH GLOBAL INVESTORS6.32M54.41K+0.87%549.59M
NORTHERN TRUST CORP6.19M-55.37K-0.89%537.95M
DIMENSIONAL FUND ADVISORS LP5.95M401.82K+7.24%517.74M
DEUTSCHE BANK AG\5.50M-1.24M-18.40%477.92M
BANK OF AMERICA CORP /DE/5.43M-77.74K-1.41%471.85M
JPMORGAN CHASE & CO5.12M54.06K+1.07%454.09M
CLEARBRIDGE INVESTMENTS, LLC4.72M-196.21K-3.99%410.03M
BANK OF NEW YORK MELLON CORP4.68M99.03K+2.16%406.76M
LEGAL & GENERAL GROUP PLC4.49M-332.56K-6.90%389.99M
AMUNDI4.44M289.30K+6.96%386.31M

Insights

Revenue by product
PeriodValue
FY2011Distribution Regulated Segment: 1621334000.0
FY2012Distribution Regulated Segment: 1379366000.0
FY2013Distribution Regulated Segment: 1689952000.0
FY2014Natural Gas Gathering And Processing: 1478729000.0, Natural Gas Liquids: 10545381000.0, Natural Gas Pipelines: 329801000.0
FY2015Natural Gas Gathering And Processing: 1837116000.0, Natural Gas Liquids: 6579699000.0, Natural Gas Pipelines: 332447000.0
FY2016Natural Gas Gathering And Processing: 2051577000.0, Natural Gas Liquids: 7675654000.0, Natural Gas Pipelines: 379361000.0
FY2017Natural Gas Gathering And Processing: 3026574000.0, Natural Gas Liquids: 10626204000.0, Natural Gas Pipelines: 419932000.0
FY2018Natural Gas Gathering And Processing: 3034577000.0, Natural Gas Liquids: 10934578000.0, Natural Gas Pipelines: 431735000.0
FY2019Natural Gas Gathering And Processing: 2368639000.0, Natural Gas Liquids: 8532516000.0, Natural Gas Pipelines: 471987000.0
FY2020Natural Gas Gathering And Processing: 1820121000.0, Natural Gas Liquids: 7090013000.0, Natural Gas Pipelines: 479982000.0
FY2021Natural Gas Gathering And Processing: 4461539000.0, Natural Gas Liquids: 14391873000.0, Natural Gas Pipelines: 606903000.0
FY2022Natural Gas Gathering And Processing: 6533492000.0, Natural Gas Liquids: 19066822000.0, Natural Gas Pipelines: 578542000.0
FY2023Natural Gas Gathering And Processing: 4056000000.0, Natural Gas Liquids: 14429000000.0, Natural Gas Pipelines: 623000000.0, Refined Products and Crude Oil: 1071000000.0
FY2024Natural Gas Gathering And Processing: 4589000000.0, Natural Gas Liquids: 15167000000.0, Natural Gas Pipelines: 822000000.0, Refined Products and Crude Oil: 4460000000.0
FY2025Exchange Services and Natural Gas Gathering and Processing: 1470000000.0, Liquids Commodity: 25566000000.0, Other: 144000000.0, Residue Natural Gas Sales: 3312000000.0, Transportation and Storage: 3137000000.0
Revenue by region
PeriodValue
FY2016Total Segments: 10106592000.0
FY2017Total Segments: 14072710000.0
FY2018Total Segments: 14400890000.0
FY2019Total Segments: 11373142000.0
FY2020Total Segments: 9390116000.0
FY2021Total Segments: 19460315000.0
FY2022Total Segments: 26178856000.0

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ONEOK (OKE) Stock Insights

OKE$95.25-0.76 -0.79%

$60.05B

Market Cap

16.59

P/E

16.51

Forward P/E

43

Score

Price History