Oneok Inc
Research Oneok Inc (OKE) on Bullrun: valuation model: 7.1% overvalued, market cap USD 58.01B, P/E 15.9, dividend yield 4.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerOKE
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signal7.1% overvalued
- Market capUSD 58.01B
- P/E15.9
- Dividend yield4.6%
- Financial periodQ2 2026
- RevenueUSD 12.05B
- Net incomeUSD 966.00M
- Free cash flowUSD 1.44B
- Gross margin20.1%
Valuation Snapshot
Bullrun's latest valuation model marks Oneok Inc as 7.1% overvalued; latest market cap is USD 58.01B; P/E is 15.9; dividend yield is 4.6%.
Peer valuation comparison
Latest P/E is 15.9x versus a Energy sector median of 15.73x.
Latest dividend yield is 4.61% versus a Energy sector median of 3.64% (26.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 33.63B | USD 3.39B | USD 2.45B | 30.5% | 5.42 | USD 78.00M | USD 32.00B | USD 22.49B |
| FY2024 | USD 21.70B | USD 3.04B | USD 2.87B | 38.7% | 5.17 | USD 733.00M | USD 32.08B | USD 17.04B |
| FY2023 | USD 17.68B | USD 2.66B | USD 2.83B | 32.5% | 5.48 | USD 338.00M | USD 21.67B | USD 16.48B |
| FY2022 | USD 22.39B | USD 1.72B | USD 1.70B | 20.0% | 3.84 | USD 220.00M | USD 13.62B | USD 6.49B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 58.01B | 15.9 | 4.6% | 4.24 |
| 2025 | 2025-12-31 | USD 46.28B | 13.6 | 5.6% | 4.12 |
| 2024 | 2024-12-31 | USD 58.54B | 19.4 | 3.9% | 3.96 |
| 2023 | 2023-12-29 | USD 40.91B | 12.9 | 5.5% | 3.84 |
| 2022 | 2022-12-30 | USD 29.36B | 18.3 | 5.7% | 3.76 |
| 2021 | 2021-12-31 | USD 26.22B | 17.5 | 6.4% | 3.76 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 4.24 USD, yield 4.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 4.12 USD |
| FY2024 | 3.96 USD |
| FY2023 | 3.82 USD |
| FY2022 | 3.74 USD |
About Oneok Inc
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;
ETFs that hold Oneok Inc
Oneok Inc is one of the ten largest holdings of 11 ETFs that investors in Europe can buy. The 8 most traded of them:
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Frequently asked questions
Is Oneok Inc overvalued or undervalued?
Bullrun's valuation model currently marks Oneok Inc as 7.1% overvalued.
What is Oneok Inc's market cap?
Oneok Inc's market capitalization is USD 58.01B.
What is Oneok Inc's P/E ratio?
Oneok Inc's price-to-earnings (P/E) ratio is 15.9.
Does Oneok Inc pay a dividend?
Oneok Inc has a dividend yield of 4.6%.
What does Oneok Inc do?
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.