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ONEOK Inc (OKE)

Valor Justo
EnergyOil & Gas MidstreamUnited States

Fundamental

62

Precio

$85.27

Capitalización Bursátil

$55.87B

Parte 1 · Cuánto vale la empresa

Resumen

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.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 19 de septiembre de 2026 with claude-haiku-4-5 — shared with all users

P/E: 25.8Score: 76Market cap: $59.49B

Targa runs the same integrated chain as ONEOK — wellhead gathering and processing in the Permian and Mid-Continent feeding NGL pipelines and Mont Belvieu fractionation — and bids against it for the same producers' gas and the same mixed-NGL barrels.

P/E: 27.1Score: 70Market cap: $84.37B

Williams competes with ONEOK for gathering and processing volumes in the Rocky Mountain, Mid-Continent and Permian basins and for interstate natural gas transportation and storage capacity sold to the same shippers.

P/E: 19.3Score: 69Market cap: $68.21B

Kinder Morgan sells the same fee-based interstate gas transportation, storage and refined-products pipeline and terminal capacity that ONEOK offers after the Magellan acquisition, to utilities, refiners and marketers in overlapping markets.

Energy Transfer LPET

Energy Transfer moves NGLs from the same Permian and Mid-Continent basins to the same Gulf Coast fractionation and export outlets, competing directly for producer dedications and for transport and fractionation fees.

Enterprise Products Partners L.P.EPD

Enterprise is the largest NGL pipeline, fractionation and export system in the United States and competes with ONEOK's natural gas liquids segment for the same mixed-NGL supply and the same petrochemical and export customers.

Western Midstream Partners, LPWES

Western Midstream gathers and processes natural gas in the Delaware Basin, Powder River Basin and DJ Basin, chasing dedications from the same producers ONEOK connects in those areas.

Balance y Liquidez

Ingresos

$39.37B

Últimos 12 meses (hasta 30/6/2026)

Beneficio Neto

$3.66B

Últimos 12 meses (hasta 30/6/2026)

Flujo de Caja Libre

$2.45B

Patrimonio Neto Total

$22.48B

Pasivo Total

$44.07B

Ratio de Liquidez

0.74

Cobertura de Intereses

3.44

Deuda/EBITDA

4.55

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

CíclicaValoración Justa

Valor Justo

$83.75

Precio Actual

$85.27

Margen de Seguridad

-1.8%

Rango de Valor Justo

$63.91 - $103.59

Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.

Métodos de Estimación

Precio objetivo de los analistas:$101.50
Flujo de caja descontado (DCF):No aplicable a este tipo de empresa
Múltiplo sobre beneficios (P/E):$86.14
Fórmula de crecimiento de Graham:No aplicable a este tipo de empresa
Valor de la capacidad de generar beneficios (EPV):$47.28
P/B justificado:No aplicable a este tipo de empresa
Descuento de dividendos (Gordon):No aplicable a este tipo de empresa
P/FFO, fondos de operaciones:No aplicable a este tipo de empresa
Beneficios de mitad de ciclo:$90.85
Múltiplo sobre ingresos:No aplicable a este tipo de empresa
Consenso de Analistas:Comprar (13B / 15H / 0S)
Última Sorpresa de Resultados:+3.93%

Métricas de Valoración

Ratio P/E

14.70

ROE

15.1%

Ratio P/B

2.34

P/FCF

18.50

Margen Bruto

27.2%

ROIC

7.9%

Radar de Rentabilidad

Creación de Valor (Ventaja Competitiva)

ROIC

7.9%

WACC

7.1%

ROIC − WACC

+0.8 pp

El ROIC está en línea con el coste del capital: la empresa apenas cubre su coste de capital.

Criterios de Análisis Fundamental

Superado (15)

  • EPS shows upward trend
  • Price CAGR 5.34%
  • ROIC 7.9%
  • P/FCF 18.50
  • P/B Ratio 2.34
  • Debt/Equity ratio
  • Operating Margin 15.5%
  • Positive Free Cash Flow
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 16.3%
  • PEG Ratio 0.50
  • Earnings Quality (OCF/NI) 1.68
  • Piotroski F-Score 5/9

Fallido (12)

  • EPS CAGR 3.76%
  • Gross Margin 27.2%
  • CapEx intensity
  • Current Ratio
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 4.4%
  • Analyst Consensus 46% Buy
  • Earnings Surprise avg 1.8%
  • Share Dilution 6.6%
  • Net Margin Trend 9.3% vs 11.1%

No disponible (1)

  • Dividend Payout NaN%

Piotroski F-Score

5/9

Señales mixtas: algunas áreas requieren atención

score
criteria

Calidad de los Beneficios

1.68

Alta calidad: beneficios respaldados por efectivo

Dilución de Acciones

6.6%

Emitiendo nuevas acciones, diluyendo la participación

Participaciones institucionales

Gobernanza

Equipo Directivo

NombreCargoEdad
Mr. Pierce H. Norton IIPresident, CEO & Director65
Mr. Walter S. Hulse IIICFO, Treasurer and Executive VP of Investor Relations & Corporate Development61
Mr. Randy N. LentzExecutive VP & COO60
Mr. Lyndon C. Taylor J.D.Executive VP, Chief Legal Officer & Assistant Secretary66
Mr. Sheridan C. SwordsExecutive VP & Chief Commercial Officer56
Ms. Mary M. SpearsSenior VP and Chief Accounting Officer of Finance & Tax45
Mr. J. Darren WallisSenior Vice President of Communications & Community Relations-
Mr. Brent D. StrehlowSenior VP & Chief Human Resources Officer-
Mr. Kevin L. BurdickExecutive VP & Chief Enterprise Services Officer60
Mr. Scott D. SchingenSenior VP of Eng., and Op. - Natural Gas Liquids, Natural Gas Pipelines and Corporate Measurement-

Riesgo de Auditoría

6

Riesgo del Consejo

2

Riesgo de Compensación

2

Riesgo de Derechos del Accionista

8

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Documentos

  • Informe anual (10-K)

    Un resumen anual del negocio, los resultados financieros y los riesgos de la empresa.

    Presentado el 2026-02-24

    Ver documento
  • Informe trimestral (10-Q)

    Una actualización del desempeño financiero de los últimos tres meses.

    Presentado el 2026-08-04

    Ver documento
  • Informe de hecho relevante (8-K)

    Un aviso sobre un hecho relevante, como un cambio de dirección o un anuncio importante.

    Presentado el 2026-09-15

    Ver documento

via SEC EDGAR

Historial de Resultados

via SEC EDGAR

Latest News

Recent headlines for OKE, sourced from Markets Gazette.

  • 2/25/2026POSITIVE
    After A Recent Growth Spurt, This 4.9%-Yielding Dividend Stock is Slowing to A Crawl in 2026. Is a Reacceleration Coming?

    Markets Gazette examines Oneok, an energy company boasting a 4.9% dividend yield. Despite projections indicating a slowdown in growth for 2026, the company appears to possess robust fundamentals to continue increasing its generous payout. Investors are prompted to consider whether this deceleration is merely a temporary pause before a potential reacceleration. Oneok's ability to sustain and grow its dividend, even during a period of more modest expansion, stands as a key attractive factor, suggesting prudent financial management and a long-term value proposition for income-focused investors.

  • 2/24/2026NEGATIVE
    Why Oneok Fell Today

    Oneok Inc., the prominent pipeline operator, experienced a notable decline today, despite reporting earnings that surpassed analyst expectations. While the company delivered a strong performance on its latest earnings, this positive news was overshadowed by what investors perceived as "tepid" guidance for 2026. This cautious outlook for future performance has generated significant concern in the market, hinting at a potential slowdown in growth or lower-than-anticipated margins in the coming years. Investors often prioritize future projections over past results, particularly in capital-intensive sectors like energy infrastructure. The negative sentiment underscores how future expectations can outweigh current successes, leading to a downturn in Oneok's stock price.

  • 2/24/2026NEUTRAL
    ONEOK (OKE) Q4 2025 Earnings Call Transcript

    ONEOK (OKE), a prominent player in the energy sector, has scheduled its fourth-quarter 2025 earnings call for February 24, 2026. As of now, specific details regarding the financial results have not been released. Investors and analysts are keenly awaiting this date to assess the company's performance and future outlook, particularly concerning its midstream operations and natural gas distribution. The upcoming conference call will be crucial for understanding ONEOK's growth strategies and capital management within an evolving energy market landscape.

via Markets Gazette