OKE Stock - ONEOK, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $21.64B | $17.68B | $22.87B | $17.27B | $8.46B |
| Gross Profit | $5.05B | $5.75B | $3.12B | $3.02B | $2.03B |
| Gross Margin | 23.3% | 32.5% | 13.6% | 17.5% | 24.0% |
| Operating Income | $5.02B | $4.07B | $3.03B | $2.85B | $1.90B |
| Net Income | $3.04B | $2.66B | $1.72B | $1.50B | $612.81M |
| Net Margin | 14.0% | 15.0% | 7.5% | 8.7% | 7.2% |
| EPS | $5.19 | $5.49 | $3.85 | $3.36 | $1.42 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 6th 2025 | Argus | Upgrade | Buy | $79 |
| September 30th 2025 | Goldman | Resumed | Neutral | $75 |
| July 7th 2025 | TD Cowen | Initiation | Hold | $91 |
| February 28th 2025 | Citigroup | Resumed | Buy | $110 |
| February 10th 2025 | Wolfe Research | Upgrade | Outperform | $110 |
| February 6th 2025 | Barclays | Resumed | Equal Weight | - |
| January 10th 2025 | Scotiabank | Initiation | Sector Outperform | $109 |
| December 18th 2024 | Wells Fargo | Downgrade | Equal Weight | $107 |
| October 17th 2024 | BofA Securities | Resumed | Buy | $105 |
| September 16th 2024 | Morgan Stanley | Upgrade | Overweight | $111← $103 |
| February 8th 2024 | Seaport Research Partners | Upgrade | Buy | $76 |
| January 10th 2024 | Wolfe Research | Upgrade | Peer Perform | - |
| December 4th 2023 | BofA Securities | Upgrade | Buy | $83← $72 |
| November 2nd 2023 | Truist | Downgrade | Hold | $68 |
| October 3rd 2023 | Pickering Energy Partners | Initiation | Underperform | - |
Earnings History & Surprises
OKEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 23, 2026 | $1.52 | — | — | — |
Q4 2025 | Oct 28, 2025 | $1.44 | $1.49 | +3.5% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $1.33 | $1.34 | +0.8% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $1.24 | $1.04 | -16.1% | ✗ MISS |
Q1 2025 | Feb 24, 2025 | $1.46 | $1.57 | +7.5% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $1.23 | $1.18 | -4.1% | ✗ MISS |
Q3 2024 | Aug 5, 2024 | $1.21 | $1.33 | +9.9% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $1.16 | $1.09 | -6.0% | ✗ MISS |
Q1 2024 | Feb 26, 2024 | $1.20 | $1.18 | -1.7% | ✗ MISS |
Q4 2023 | Oct 31, 2023 | $1.05 | $0.99 | -5.7% | ✗ MISS |
Q3 2023 | Aug 7, 2023 | $1.02 | $1.04 | +2.0% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $2.07 | $2.34 | +13.0% | ✓ BEAT |
Q1 2023 | Feb 27, 2023 | $1.02 | $1.08 | +5.9% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $0.96 | $1.03 | +7.3% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.87 | $0.92 | +5.7% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $0.89 | $0.87 | -2.2% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $0.89 | $0.85 | -4.5% | ✗ MISS |
Q4 2021 | Nov 2, 2021 | $0.82 | $0.88 | +7.3% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.75 | $0.77 | +2.7% | ✓ BEAT |
Latest News
WhiteWater Expands Eiger Express Pipeline's Mainline Capacity
📈 PositiveScotiabank Maintains Sector Outperform on ONEOK, Lowers Price Target to $87
➖ NeutralCitigroup Maintains Buy on ONEOK, Lowers Price Target to $95
➖ NeutralTD Cowen Maintains Hold on ONEOK, Lowers Price Target to $76
➖ NeutralWells Fargo Maintains Equal-Weight on ONEOK, Lowers Price Target to $82
➖ NeutralONEOK Widens FY2025 GAAP EPS Guidance from $5.37 to $4.97-$5.77 vs $5.35 Est
➖ NeutralONEOK Q3 EPS $1.49 Beats $1.43 Estimate, Sales $8.634B Beat $8.530B Estimate
📈 PositiveONEOK Q3 EPS $1.49 Beats $1.43 Estimate
📈 PositiveRaymond James Reiterates Outperform on ONEOK, Lowers Price Target to $82
➖ NeutralBarclays Maintains Equal-Weight on ONEOK, Lowers Price Target to $78
➖ NeutralReported Earlier, ONEOK Reports Fire At Mont Belvieu MB-4 Fractionator, No Injuries And No Material Financial Impact Expected
➖ NeutralGoldman Sachs Reinstates Neutral on ONEOK, Announces $75 Price Target
➖ NeutralMizuho Maintains Neutral on ONEOK, Lowers Price Target to $82
➖ NeutralMorgan Stanley Maintains Overweight on ONEOK, Lowers Price Target to $110
➖ NeutralWhiteWater, ONEOK, MPLX And Enbridge Announce Eiger Express Pipeline Final Investment Decision With 450 Miles Of Pipeline From Permian Basin
📈 PositiveONEOK to move forward with new $365M Delaware Basin gas plant
📈 PositiveFrequently Asked Questions about OKE
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