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NYSE · Oil & Gas Midstream · USD

ONEOK, Inc. (OKE) Stock Analysis

ONEOK, Inc. (OKE) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

OKE

$95.43

−$0.32 (−0.33%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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OKE Key Statistics

As of Sep 4, 2026
Trading
Open
$94.90
Previous Close
$95.75
Day's Range
94.08–95.59
52-Week Range
64.02–99.85
Volume
3.42M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.72
Valuation
Market Cap
$60.16B
P/E Ratio
16.54
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
15.35
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.78
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.53
EPS (ttm)Profit attributable to each share over the last twelve months.
5.77
Financials (FY)
Revenue (FY)
$33.63B+54.99%
Net Income (FY)
$3.39B+11.80%
Profit marginThe share of revenue left as profit after all costs and taxes.
9.29%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
630.37M
1-Year Return
+35.27%
Dividend and dates
Dividend
$4.28+4.47%
Ex-Dividend Date
August 3, 2026
Earnings Date
October 27, 2026
Avg Volume
3.68M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

OKE Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+34.78%
2025−22.94%
2024+50.10%
2023+13.21%
2022+18.86%
2021+64.67%
2020−43.45%
2019+47.76%
2018+6.27%
2017−2.12%
2016 (partial year)+27.55%

As of September 4, 2026.

OKE Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$33.63B$3.39B10.1%
2024$21.70B$3.04B14.0%
2023$17.68B$2.66B15.0%
2022$22.39B$1.72B7.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$33.63B$8.74B$5.82B$3.39B10.1%
2024$21.70B$7.25B$5.06B$3.04B14.0%
2023$17.68B$4.98B$4.23B$2.66B15.0%
2022$22.39B$3.85B$2.81B$1.72B7.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

OKE Dividend History

$4.12+4.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$3.213
2025$4.124+4.0%
2024$3.964+3.7%
2023$3.824+2.1%
YearDividends per sharePaymentsChange
2026 (partial year)$3.213
2025$4.124+4.0%
2024$3.964+3.7%
2023$3.824+2.1%
2022$3.744+0.0%
2021$3.744+0.0%
2020$3.744+5.9%
2019$3.534+8.8%
2018$3.254+19.3%
2017$2.724+342.3%
2016$0.621

Most recent payment: $1.07 per share, ex-dividend August 3, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

OKE Valuation vs Oil & Gas Midstream Median

Median of 65 stocks
MetricOKEOil & Gas Midstream medianvs median
P/E16.5415.546% above
P/S ratio1.532.6542% below
Profit margin9.29%20.00%10.7 pts below

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

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News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

ONEOK, Inc. (OKE) is capitalised at $60.16B on the latest close. It is classified in the Oil & Gas Midstream industry, within the Energy sector. The company reports 6,326 employees.

Over the past 52 weeks the price has ranged from $64.02 to $99.85. OKE last closed at $95.43 on September 4, 2026. That is −$0.32 (−0.33%) against the previous close. The latest close sits 49.06% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $33.63B. Against the prior fiscal year total of $21.70B, that is a change of +54.99%. Net income for the same year was $3.39B. That is +11.80% against the prior fiscal year. The reported profit margin is 9.29%. That is 10.7 percentage points below the Oil & Gas Midstream median of 20%. Trailing earnings per share are 5.77.

Across the 4 fiscal years on file, revenue moves from $22.39B in 2022 to $33.63B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 16.54. That is 6.44% above the Oil & Gas Midstream median of 15.54. On forward earnings the ratio is 15.35. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.78. Measured against sales, the shares trade at 1.53 times revenue. On price-to-sales that is 42.37% below the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

The trailing one-year price return is +35.27%. Measured over 10 years, that is +13.72% a year compounded. The reported beta is 0.72. Annualized volatility over the trailing 10 years is 38.87%.

Growth & Income

The trailing dividend yield is 4.47%. That is 0.9 percentage points below the Oil & Gas Midstream median yield of 5.35%. The indicated annual rate is $4.28 a share. The ex-dividend date on file is August 3, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $3.21 a share. The year before, 2025, totalled $4.12 a share.

2026 is still running; the price is +34.78% year to date. The strongest complete calendar year on file is 2021 at +64.67%; the weakest is 2020 at −43.45%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

ONEOK, Inc. (OKE) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
ONEOK, Inc. OKE $60.16B 16.5
Enbridge Inc. ENB $109.40B 26.9
The Williams Companies, Inc. WMB $90.70B 29.5
Enterprise Products Partners L.P. EPD $84.09B 13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. ONEOK, Inc. trades at a P/E of 16.5.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About ONEOK, Inc.

ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

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