Oneok stock analysis
Oneok (ONK) Stock Price & Analysis
ONK Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- CHF 45.47B
- Enterprise Value
- CHF 91.47B
- Total Cash (Recent Filing)
- CHF 186.00M
- Total Debt (Recent Filing)
- CHF 28.52B
- Price to Earnings (P/E)
- 13.5
- Beta
- N/A
- Next Earnings
- Mar 01, 2027 (Est.)
- EPS Estimate
- 1.23
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Contracted, Connected Infrastructure
ONEOK’s fee-based midstream model spans connected NGL and natural gas infrastructure serving production basins and downstream markets. This integrated footprint can support recurring cash generation, improve asset utilization, and provide durable relevance as customers move growing volumes through the system.
Volume And Capacity Growth
Rising throughput across the Permian and other basins, together with completed and upcoming processing, takeaway, and pipeline expansions, supports additional fee-generating capacity. The combination of producer activity and project execution gives ONEOK a visible foundation for continued operating growth.
Balance-sheet Strengthening
The equity investment and substantial debt extinguishment directly improve financial flexibility and reduce the burden of historical leverage. Credit upgrades and a lower targeted debt-to-EBITDA range should support funding for growth projects while preserving capacity for dividends and other shareholder returns.
Bears Say
Meaningful Historical Leverage
Despite recent deleveraging actions, the multi-year balance-sheet record shows meaningful leverage that can constrain flexibility during weaker operating conditions. A sizable debt burden may increase sensitivity to financing costs and leave less room for discretionary investment or shareholder distributions if cash flows weaken.
Softening Profitability And Cash Flow
Revenue growth has continued, but lower margins and declining, choppy free cash flow indicate that incremental sales are not translating into earnings and cash at prior rates. If this persists, it could reduce internally funded investment capacity and make returns more dependent on operating execution.
Fractionation Capacity Bottleneck
Insufficient fractionation capacity currently limits the system’s ability to process incoming NGL volumes smoothly and requires inventory accumulation. Although Medford is expected to add relief, the constraint can defer earnings, increase operating complexity, and limit near-term benefit from strong basin production.
Oneok News
ONK FAQ
What is Oneok’s market cap?
When is Oneok’s upcoming earnings report date?
How were Oneok’s earnings last quarter?
Is Oneok overvalued?
Does Oneok pay dividends?
What is Oneok’s EPS estimate?
What happened to Oneok’s price movement after its last earnings report?
Which hedge fund is a major shareholder of Oneok?
What is the TipRanks Smart Score and how is it calculated?
Oneok Stock Smart Score
Company Description
Oneok
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 owns an extensive system of natural gas gathering pipelines and processing plants, predominantly situated in the Mid-Continent and Rocky Mountain regions. Furthermore, ONEOK manages both federally (FERC) and state-regulated interstate and intrastate natural gas transmission pipelines, alongside crucial natural gas storage facilities. A significant component of ONEOK's business is dedicated to Natural Gas Liquids. The company handles the entire NGL value chain, from collecting, treating, and fractionating to transporting, storing, marketing, and distributing these products. Its NGL infrastructure includes a broad network of gathering and distribution pipelines across Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado. Additionally, NGL terminal and storage assets are maintained in Kansas, Missouri, Nebraska, Iowa, and Illinois. ONEOK also operates pipelines for NGL distribution and refined petroleum products throughout Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, supported by integrated truck and rail loading and unloading facilities connected to its NGL fractionation, storage, and pipeline network. The company's substantial physical footprint comprises approximately 17,500 miles of natural gas gathering pipelines, 1,500 miles of FERC-regulated interstate natural gas pipelines, and 5,100 miles of state-regulated intrastate transmission pipelines. The NGL segment benefits from six storage facilities and eight product terminals. Separately, ONEOK also owns and leases a parking garage and excess office space in downtown Tulsa, Oklahoma. ONEOK serves a wide and varied customer base throughout the energy sector. This includes integrated and independent exploration and production (E&P) companies, natural gas and NGL gathering and processing enterprises, crude oil and natural gas producers, propane distributors, municipalities, and ethanol producers. The company also supports petrochemical, refining, and NGL marketing firms, as well as natural gas distribution utilities, electric power generation companies, and various other energy producers, processors, and marketers. Founded in 1906, ONEOK, Inc. is headquartered in Tulsa, Oklahoma.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Pierce H. Norton
- Employees
- 6,326
- Website
- www.oneok.com
- Address
- 100 West Fifth Street, Tulsa, OK, 74103, US
Oneok (ONK) Earnings & Revenues
ONK Company Deck
ONK Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. ONEOK reported 6% adjusted EBITDA growth, raised 2026 guidance for the third time, strengthened its balance sheet through a $9 billion minority equity investment and nearly $5.5 billion of debt extinguishment, and described Brazos volumes and assets as exceeding expectations. Growth is supported by strong activity across the Permian, Bakken, Mid-Continent, and Powder River Basin, multiple projects entering service, and new power-generation demand contracts. The main challenges were higher capital expenditures, one-time benefits embedded in reported results, temporary fractionation constraints, expected moderation of the Waha-to-Katy opportunity, and the absence of formal 2027 guidance.
View all CH:ONK earnings summariesONK Net sales Breakdown
- 76.02% Liquids commodity sales
- 9.85% Residue natural gas
- 4.37% Exchange services and natural gas gathering and processing revenue
- 9.33% Transportation and storage
- 0.43% Other
