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ONEOK Inc (OKE)

Juste valeur
EnergyOil & Gas MidstreamUnited States

Fondamental

62

Prix

$86.63

Capitalisation boursière

$55.87B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

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 septembre 2026 with claude-haiku-4-5 — shared with all users

P/E: 25.8Score: 68Market 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: 63Market 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: 64Market 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.

Bilan & Liquidités

Chiffre d'affaires

$39.37B

12 derniers mois (au 30/06/2026)

Résultat net

$3.66B

12 derniers mois (au 30/06/2026)

Flux de trésorerie libre

$2.45B

Capitaux propres totaux

$22.48B

Passif total

$44.07B

Ratio de liquidité général

0.74

Couverture des intérêts

3.44

Dette/EBITDA

4.55

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

CycliqueJustement valorisé

Juste valeur

$83.75

Prix actuel

$86.63

Marge de sécurité

-3.4%

Fourchette de juste valeur

$63.91 - $103.59

Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.

Méthodes d'estimation

Objectif de cours des analystes:$101.50
Flux de trésorerie actualisés (DCF):Non applicable à ce type d'entreprise
Multiple de résultat (P/E):$86.14
Formule de croissance de Graham:Non applicable à ce type d'entreprise
Valeur de la capacité bénéficiaire (EPV):$47.28
P/B justifié:Non applicable à ce type d'entreprise
Actualisation des dividendes (Gordon):Non applicable à ce type d'entreprise
P/FFO, les fonds provenant de l'exploitation:Non applicable à ce type d'entreprise
Bénéfices de milieu de cycle:$90.85
Multiple sur le chiffre d'affaires:Non applicable à ce type d'entreprise
Consensus des analystes:Acheter (13B / 15H / 0S)
Dernière surprise sur les résultats:+3.93%

Indicateurs de valorisation

Ratio P/E

14.70

ROE

15.1%

Ratio P/B

2.34

P/FCF

18.50

Marge brute

27.2%

ROIC

7.9%

Radar de rentabilité

Création de valeur (avantage concurrentiel)

ROIC

7.9%

WACC

7.1%

ROIC − WACC

+0.8 pp

Le ROIC est à peu près aligné sur le coût du capital — l'entreprise couvre à peine son coût du capital.

Critères d'analyse fondamentale

Réussi (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

Échoué (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%

Indisponible (1)

  • Dividend Payout NaN%

Score F de Piotroski

5/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.68

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

6.6%

Émission de nouvelles actions, diluant la participation

Participations institutionnelles

Gouvernance

Équipe dirigeante

NomTitreÂge
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-

Risque d'audit

6

Risque du conseil

2

Risque de rémunération

2

Risque droits des actionnaires

8

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Documents

  • Rapport annuel (10-K)

    Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.

    Déposé le 2026-02-24

    Voir le document
  • Rapport trimestriel (10-Q)

    Une mise à jour de la performance financière des trois derniers mois.

    Déposé le 2026-08-04

    Voir le document
  • Rapport d'événement important (8-K)

    Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.

    Déposé le 2026-09-15

    Voir le document

via SEC EDGAR

Historique des résultats

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