Oneok (OKE)
Energy · Midstream energy infrastructure and pipeline transport
ONEOK is a leading integrated North American midstream infrastructure operator moving natural gas, crude oil, refined products, and NGLs through a 60,000-mile pipeline network.
What Oneok does
ONEOK is a major midstream service provider operating approximately 60,000 miles of integrated pipeline infrastructure across North America. The company gathers, processes, fractionates, transports, and stores natural gas, natural gas liquids (NGLs), crude oil, and refined products. With approximately 90% fee-based earnings and significant exposure to major U.S. shale basins, ONEOK provides essential energy infrastructure connecting producers to refineries and demand centers while maintaining positioned exposure to commodity price volatility.
Themes: ["midstream energy infrastructure","natural gas and NGL transport","crude oil logistics","refined products distribution","energy security","shale basin connectivity","fee-based business model","pipeline infrastructure","North American energy","carbon dioxide treatment"]
Fundamentals
- Price$89.50 as of 2026-07-09 close
- Market cap$57.0B as of 2026-07-10
- 1-year return+10.3% as of 2026-07-09 close
- P/E16.13 as of 2026-07-10
- Net margin+2.9% as of 2026-07-10
- ROE+15.9% as of 2026-07-10
- Debt / equity1.51 as of 2026-07-10
- Revenue growth (YoY)-14.7% as of 2026-07-10
- Revenue CAGR (3y)+14.5% SEC XBRL
- Beta0.73 as of 2026-07-10
Dividend: yield +4.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Competitors & peers
- Magellan Midstream Partners (MMP)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.