-2.74%
-3.26%
0.26%
16.56%
42.32%
60.07%
29.73%
AI Spotlight on OKE
Company Description
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States.It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products.The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets.In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities.
Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space.It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals.It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies.
The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Market Data
| Last Price | 97.13 |
| Change Percentage | -2.74% |
| Open | 99.95 |
| Previous Close | 99.87 |
| Market Cap ( Millions) | 56748 |
| Volume | 3005420 |
| Year High | 118.07 |
| Year Low | 67.05 |
| M A 50 | 105.86 |
| M A 200 | 91.52 |
Financial Ratios
| FCF Yield | 4.91% |
| Dividend Yield | 3.06% |
| ROE | 16.84% |
| Debt / Equity | 165.91% |
| Net Debt / EBIDTA | 481.03% |
| Price To Book | 3.36 |
| Price Earnings Ratio | 20.29 |
| Price To FCF | 20.37 |
| Price To sales | 2.85 |
| EV / EBITDA | 14.76 |
News
- 14:02 - ONEOK Announces Completion of Strategic EnLink Midstream Acquisition
- Jan -30 - EnLink Unitholders Approve ONEOK Acquisition of Remaining Public Units
- Jan -30 - 5 Stocks With Above-Market Yields Just Raised Payments Further
- Jan -29 - Oneok Inc. (OKE) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- Jan -28 - EPD or OKE: Which Is the Better Value Stock Right Now?
- Jan -26 - This Top-Notch 4%-Yielding Dividend Stock Just Gave Its Investors Another Raise
- Jan -22 - ONEOK Increases Quarterly Dividend 4%
- Jan -22 - Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend EnLink Unitholders Vote "FOR" Pending ONEOK Acquisition
- Jan -21 - ONEOK Fourth Quarter and Year-end 2024 Conference Call and Webcast Scheduled
- Jan -21 - 2 Very Overrated And 2 Very Underrated Big Dividend Stocks
- Jan -17 - 4 Stocks to Buy for "Higher for Longer" Interest Rates
- Jan -15 - Here's My Single Favorite Place To Buy Income
- Jan -15 - ONEOK Benefits From Strategic Acquisitions & Fee-Based Earnings
- Jan -15 - Oneok Inc. (OKE) Exceeds Market Returns: Some Facts to Consider
- Jan -10 - ONEOK: After Appreciating More Than 40% There Is Still Value To Be Unlocked
- Jan -09 - Buy 6 'Safer' Dividend Dogs Of 23 January Barron's Better Bets Than T-Bills
- Jan -06 - ONEOK Announces Two New Executive Leadership Appointments
- Jan -03 - Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
- Dec -31 - ONEOK Closes Sale of Wholly Owned Interstate Natural Gas Pipelines
- Dec -31 - Definitive Proxy Statement Filed in Connection with ONEOK's Pending Acquisition of the Remaining Publicly Held Common Units of EnLink Midstream
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Natural Gas Liquids
Expected Growth : 4.65 %
What the company do ?
Natural Gas Liquids (NGLs) from ONEOK, Inc. are hydrocarbons extracted from natural gas, including ethane, propane, and butane, used as feedstocks, fuels, and petrochemicals.
Why we expect these perspectives ?
ONEOK's Natural Gas Liquids (NGL) segment growth of 4.65% is driven by increasing demand from petrochemical and refining customers, expansion of gathering and processing infrastructure, and strategic acquisitions. Additionally, favorable market conditions, such as rising crude oil prices and growing global energy demand, contribute to the segment's growth.
Segment n°2 -> Natural Gas Gathering and Processing
Expected Growth : 5.43 %
What the company do ?
Natural Gas Gathering and Processing from ONEOK, Inc. involves collecting and processing raw natural gas from wells, removing impurities, and separating liquids to produce marketable products.
Why we expect these perspectives ?
ONEOK's Natural Gas Gathering and Processing segment growth of 5.43% is driven by increasing production from existing wells, new well connections, and expansion projects in the Williston Basin and Permian Basin. Additionally, higher volumes from third-party processing agreements and favorable market conditions contribute to the growth.
Segment n°3 -> Other and Eliminations
Expected Growth : 4.0 %
What the company do ?
Other and Eliminations from ONEOK, Inc. refers to the consolidation and elimination of intercompany transactions and balances, as well as other non-operating items.
Why we expect these perspectives ?
ONEOK's Other and Eliminations segment growth of 4.0% is driven by increased optimization of energy logistics, higher volumes from third-party processing and transportation agreements, and strategic asset acquisitions. Additionally, the company's focus on cost savings initiatives and operational efficiencies have contributed to the segment's growth.
Segment n°4 -> Refined Products and Crude
Expected Growth : 3.84 %
What the company do ?
Refined Products and Crude from ONEOK, Inc. refers to the transportation, storage, and fractionation of natural gas liquids, as well as the gathering, processing, and transportation of crude oil.
Why we expect these perspectives ?
ONEOK's Refined Products and Crude segment growth of 3.84% is driven by increased volumes from the West Texas Gulf and Bakken pipelines, supported by strong demand for refined products and crude oil. Additionally, ONEOK's strategic investments in pipeline infrastructure and capacity expansions have improved operational efficiency, contributing to the segment's growth.
Segment n°5 -> Natural Gas Pipelines
Expected Growth : 5.4 %
What the company do ?
ONEOK's Natural Gas Pipelines segment gathers, processes, stores, and transports natural gas and natural gas liquids, providing midstream energy services to producers and consumers.
Why we expect these perspectives ?
ONEOK's 5.4% growth in Natural Gas Pipelines is driven by increasing demand for natural gas, expansion of existing pipeline infrastructure, and strategic acquisitions. Additionally, growing production in the Permian Basin and increasing LNG exports contribute to the segment's growth. Furthermore, ONEOK's focus on fee-based contracts and diversified customer base provide a stable revenue stream, supporting the segment's growth momentum.
Oneok, Inc. Products
| Product Range | What is it ? |
|---|---|
| Natural Gas Gathering and Processing | ONEOK's natural gas gathering and processing segment provides midstream services to producers, including gathering, compressing, treating, and processing natural gas and natural gas liquids (NGLs). |
| Natural Gas Liquids | ONEOK's NGL segment gathers, fractionates, and markets NGLs, including ethane, propane, isoparaffins, and natural gasoline. |
| Natural Gas Pipelines | ONEOK's natural gas pipelines segment transports natural gas through its pipeline systems, connecting supply basins to market areas. |
ONEOK, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for ONEOK, Inc. is medium due to the availability of alternative energy sources such as renewable energy and the increasing trend of electrification of transportation.
Bargaining Power Of Customers
The bargaining power of customers for ONEOK, Inc. is low due to the company's diversified customer base and the lack of significant buyer concentration.
Bargaining Power Of Suppliers
The bargaining power of suppliers for ONEOK, Inc. is medium due to the company's dependence on a few large suppliers and the potential for supply chain disruptions.
Threat Of New Entrants
The threat of new entrants for ONEOK, Inc. is low due to the high barriers to entry in the energy industry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The intensity of rivalry for ONEOK, Inc. is high due to the competitive nature of the energy industry, with many established players and a high level of competition for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 56.82% |
| Debt Cost | 5.37% |
| Equity Weight | 43.18% |
| Equity Cost | 11.95% |
| WACC | 8.21% |
| Leverage | 131.58% |
ONEOK, Inc. : Quality Control
ONEOK, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CQP | Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. … |
| ET | Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural … |
| WMB | The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, … |
| EPD | Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four … |
| KMI | Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Cheniere Energy Partners
A-Score
1-Year Total Return ->
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Energy Transfer
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1-Year Total Return ->
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Enterprise Products Partners
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1-Year Total Return ->
4
Kinder Morgan
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1-Year Total Return ->
5
Williams
A-Score
1-Year Total Return ->
6
