ONEOK Inc (OKE)
適正価値ファンダメンタル
62
株価
$86.63
時価総額
$55.87B
パート1 · 企業の価値
概要
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
Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users
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.
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.
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 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 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 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.
貸借対照表と流動性
売上高
$39.37B
直近12か月(2026/6/30まで)
純利益
$3.66B
直近12か月(2026/6/30まで)
フリーキャッシュフロー
$2.45B
自己資本合計
$22.48B
負債合計
$44.07B
流動比率
0.74
利払い倍率
3.44
負債/EBITDA
4.55
一株当たり利益(EPS)
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$83.75
現在株価
$86.63
安全マージン
-3.4%
適正価値レンジ
$63.91 - $103.59
使用した評価手法間のばらつきであり、統計的に較正された信頼区間ではありません。
推定方法
バリュエーション指標
P/E レシオ
14.70
ROE
15.1%
P/B レシオ
2.34
P/FCF
18.50
粗利益率
27.2%
ROIC
7.9%
収益性レーダー
価値創造(経済的モート)
ROIC
7.9%
WACC
7.1%
ROIC − WACC
+0.8 pp
ROICはおおむね資本コストと同水準です。企業はかろうじて資本コストを賄えている状態です。
ファンダメンタル分析基準
合格(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
不合格(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%
データなし(1)
- Dividend Payout NaN%
Piotroski F-スコア
まちまちのシグナル:一部の領域に注意が必要
利益の質
高品質:利益はキャッシュに裏付けられている
株式希薄化
新株を発行しており、所有権を希薄化している
機関投資家の保有
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. Pierce H. Norton II | President, CEO & Director | 65 |
| Mr. Walter S. Hulse III | CFO, Treasurer and Executive VP of Investor Relations & Corporate Development | 61 |
| Mr. Randy N. Lentz | Executive VP & COO | 60 |
| Mr. Lyndon C. Taylor J.D. | Executive VP, Chief Legal Officer & Assistant Secretary | 66 |
| Mr. Sheridan C. Swords | Executive VP & Chief Commercial Officer | 56 |
| Ms. Mary M. Spears | Senior VP and Chief Accounting Officer of Finance & Tax | 45 |
| Mr. J. Darren Wallis | Senior Vice President of Communications & Community Relations | - |
| Mr. Brent D. Strehlow | Senior VP & Chief Human Resources Officer | - |
| Mr. Kevin L. Burdick | Executive VP & Chief Enterprise Services Officer | 60 |
| Mr. Scott D. Schingen | Senior VP of Eng., and Op. - Natural Gas Liquids, Natural Gas Pipelines and Corporate Measurement | - |
監査リスク
6
取締役会リスク
2
報酬リスク
2
株主権利リスク
8
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容:テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
業績推移
via SEC EDGAR
Latest News
Recent headlines for OKE, sourced from Markets Gazette.
- 2/25/2026POSITIVEAfter 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.
- 2/24/2026NEGATIVEWhy 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.
- 2/24/2026NEUTRALONEOK (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