Oneok Inc
Research Oneok Inc (OKE) on Bullrun: valuation model: fairly valued, market cap USD 57.80B, P/E 15.8, dividend yield 4.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerOKE
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signalfairly valued
- Market capUSD 57.80B
- P/E15.8
- Dividend yield4.5%
- 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 fairly valued; latest market cap is USD 57.80B; P/E is 15.8; dividend yield is 4.5%.
Peer valuation comparison
Latest P/E is 15.84x versus a Energy sector median of 14.75x (7.4% above).
Latest dividend yield is 4.48% versus a Energy sector median of 3.8% (17.9% 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 | 2026-08-25 | USD 57.80B | 15.8 | 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 4.5%.
| 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;
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Frequently asked questions
Is Oneok Inc overvalued or undervalued?
Bullrun's valuation model currently marks Oneok Inc as fairly valued.
What is Oneok Inc's market cap?
Oneok Inc's market capitalization is USD 57.80B.
What is Oneok Inc's P/E ratio?
Oneok Inc's price-to-earnings (P/E) ratio is 15.8.
Does Oneok Inc pay a dividend?
Oneok Inc has a dividend yield of 4.5%.
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.