A Business at a Glance
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We are incorporated under the laws of the state of Oklahoma, and our common stock is listed on the NYSE under the trading symbol “OKE.” We deliver energy products and services vital to an advancing world. We are a leading midstream service provider of gathering, processing, fractionation, transportation, storage and marine export services. As one of the largest integrated energy infrastructure companies in North America, we are delivering energy that makes a difference in the lives of people in the U.S. and around the world. Through our approximately 60,000-mile pipeline network, we transport the natural gas, NGLs, Refined Products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. Midstream Value Chain The midstream value chain is a vital part of the energy industry.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 33.6B | 33.6B | 21.7B | 17.7B | 22.4B | 16.5B |
| Net Income | 3.4B | 3.4B | 3.0B | 2.7B | 1.7B | 1.5B |
| EPS | $5.42 | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 |
| Free Cash Flow | 2.4B | 2.4B | 2.9B | 2.8B | 1.7B | 1.8B |
| ROIC | 8.0% | 8.6% | 7.9% | 8.2% | 10.4% | 9.6% |
| Gross Margin | 30.5% | 30.5% | 38.7% | 32.5% | 20.0% | 25.9% |
| Debt/Equity | 1.46 | 1.46 | 1.88 | 1.34 | 2.25 | 2.43 |
| Dividends/Share | $4.13 | $4.12 | $3.96 | $3.82 | $3.74 | $3.74 |
| Operating Income | 5.7B | 5.7B | 5.0B | 4.1B | 2.8B | 2.6B |
| Operating Margin | 17.1% | 17.1% | 23.0% | 23.0% | 12.5% | 15.7% |
| ROE | 15.1% | 17.2% | 17.8% | 16.1% | 26.5% | 24.9% |
| Shares Outstanding | 626M | 626M | 587M | 485M | 448M | 447M |
ONEOK INC /NEW/ passes 5 of 9 quality checks, suggesting mixed fundamentals.
ONEOK INC /NEW/ trades at 15.7x trailing earnings, compared to its 15-year median P/E of 15.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 22.0x vs a median of 11.9x. The company's 5-year average ROIC is 8.9% with a gross margin of 29.5%. Total shareholder yield (dividends + buybacks) is 5.0%. At current prices, the estimated annualized return to fair value is +50.4%.
ONEOK INC /NEW/ (OKE) has a current P/E ratio of 15.7, compared to its historical median P/E of 15.2. The stock is currently considered Fair based on its historical valuation range.
ONEOK INC /NEW/ (OKE) has a 5-year average return on invested capital (ROIC) of 8.9%. This is below average and may indicate limited pricing power.
ONEOK INC /NEW/ (OKE) has a market capitalization of $53.4B. It is classified as a large-cap stock.
Yes, ONEOK INC /NEW/ (OKE) pays a dividend with a trailing twelve-month yield of 4.84%. The company also returns capital through share buybacks, with a buyback yield of 0.14%.
Based on historical P/E analysis, ONEOK INC /NEW/ (OKE) appears fair. The current P/E of 15.7 is 3% above its historical median of 15.2. The estimated fair value CAGR (P/E method) is 16.7%.
ONEOK INC /NEW/ (OKE) operates in the Natural Gas Transmisison & Distribution industry, within the Utilities sector.
ONEOK INC /NEW/ (OKE) reported annual revenue of $33.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
ONEOK INC /NEW/ (OKE) has a net profit margin of 10.1%. This is a healthy margin.
ONEOK INC /NEW/ (OKE) generated $2.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ONEOK INC /NEW/ (OKE) has a debt-to-equity ratio of 1.46. This indicates moderate leverage.
ONEOK INC /NEW/ (OKE) reported earnings per share (EPS) of $5.42 in its most recent fiscal year.
ONEOK INC /NEW/ (OKE) has a return on equity (ROE) of 17.2%. This indicates the company generates strong returns for shareholders.
ONEOK INC /NEW/ (OKE) has a 5-year average gross margin of 29.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for ONEOK INC /NEW/ (OKE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ONEOK INC /NEW/ (OKE) has a book value per share of $35.92, based on its most recent annual SEC filing.
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