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Price: $81.3400
$0.43 
0.531%
|
| Day's High:
| $81.44
| Week Perf:
| 1.46 %
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| Day's Low: |
$ 80.44 |
30 Day Perf: |
-0.47 % |
| Volume (M): |
2,316 |
52 Wk High: |
$ 118.07 |
| Volume (M$): |
$ 188,375 |
52 Wk Avg: |
$92.96 |
| Open: |
$80.56 |
52 Wk Low: |
$75.48 |
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| Market Capitalization (Millions $) |
49,821 |
| Shares
Outstanding (Millions) |
613 |
| Employees |
4,775 |
| Revenues (TTM) (Millions $) |
24,960 |
| Net Income (TTM) (Millions $) |
3,164 |
| Cash Flow (TTM) (Millions $) |
76 |
| Capital Exp. (TTM) (Millions $) |
2,138 |
Oneok Inc
Oneok Inc. Overview
Oneok Inc. is a prominent diversified energy company, with a history tracing back to its founding in 1906 as Oklahoma Natural Gas Company. The companys common stock is traded on the New York Stock Exchange under the symbol OKE.Oneok has evolved over the years and is now primarily known for its significant role in the gathering, processing, storage, and transportation of natural gas throughout the United States.
Business Segments
Oneok operates through three main business segments:
1. Oneok Partners: This segment plays a crucial role in gathering, treating, fractionating, transporting, and storing natural gas liquids (NGLs). The companys extensive NGL gathering pipeline network connects supply regions in the Mid-Continent and Rocky Mountain areas with major market hubs. The fractionation process allows Oneok to separate unfractionated NGLs into individual products, enhancing their economic value. These products are then stored or distributed to various users, including petrochemical manufacturers, refineries, and heating fuel distributors.
2. Distribution: Oneok is the largest natural gas distributor in Oklahoma and Kansas, as well as the third-largest in Texas. The distribution segment serves wholesale and retail customers, providing natural gas as a regulated public utility. Major distribution markets include Oklahoma City, Tulsa, Kansas City, Wichita, Topeka, Austin, and El Paso.
3. Energy Services: The Energy Services division focuses on offering premium natural gas marketing services across the United States. This segment enhances value for customers by providing physical natural gas products and risk management services through a robust network of contracted transportation and storage capacity, linking key supply and demand centers across the U.S. and into Canada. Clients predominantly include local distribution companies (LDCs), electric utilities, and industrial end-users.
Natural Gas Liquids Operations
Oneok Partners has established itself as a leader in NGLs by operating a robust system that gathers unfractionated NGLs from gas processing plants and fractionating them into individual products. The company operates fractionation facilities in Oklahoma, Kansas, and Texas, which significantly contribute to its overall service offerings and market strength in NGL distribution. NGLs are transported to significant market centers like Conway, Kansas, and Mont Belvieu, Texas, thus enabling Oneok Partners to efficiently serve various end users.
Economic Factors and Price Fluctuations
The companys performance is closely linked to the number of customers, gas usage, and effective management of delivery rates that ensure a fair return on investments. Oneoks pricing strategy involves passing on natural gas costs to customers based on actual purchases. This arrangement stabilizes the company's revenue streams, as fluctuations in natural gas prices typically adjust equally in sales, thus ensuring the company maintains consistent net margins despite volatile market conditions.
Competitive Landscape
Oneok faces competition in the natural gas and NGL markets from various sources, including other companies vying for supplies, service markets, and regulatory changes by the Federal Energy Regulatory Commission (FERC) and state bodies that encourage competitive practices. The competitiveness hinges on service fees, quality, pricing structures, and strategic proximity to supply areas.
The competition is also notable in the residential market, where natural gas competes primarily with electricity for heating and other energy needs. As consumer preferences shift and market dynamics evolve, Oneok must continually adapt to maintain its competitive edge amid these changing landscapes.
Conclusion
Oneok Inc. continues to be a crucial player in the energy sector, leveraging its extensive infrastructure, regulatory compliance, and market expertise to deliver reliable natural gas services. With a focus on growth and sustainability, it remains well-positioned to adapt to the complexities of the energy market while meeting the diverse needs of its customer base across the United States.
Company Address: 100 West Fifth Street, Tulsa, 74103 OK
Company Phone Number: 588-7000 Stock Exchange / Ticker: NYSE OKE
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Customers Net Income fell by |
OKE's Customers Net Profit Margin fell to |
-35.74 % |
7.09 %
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| Stock Performances by Major Competitors |
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| Stocks on the Move
Published Thu, Aug 15 2024 7:27 AM UTC
Over the past week, ONEOK Inc.?s (NYSE: OKE) share price has been a bright spot in the energy sector, especially compared to the company s corporate customers and the broader market. This compelling performance stems from a combination of strategic financial disclosures, favorable analyst ratings, and an operational focus that highlights the company?s resilience amidst indus...
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| Business Update
Published Mon, May 13 2024 1:47 PM UTC
ONEOK, a diversified energy corporation headquartered in Tulsa, has stated that the acquisition will further solidify its long-term strategy of investing in natural gas and natural gas liquids (NGL) infrastructure. Easton Energy s Gulf Coast Liquids Pipeline System, being a vital conduit to transport natural gas liquid supplies to Gulf Coast petrochemical markets, aligns per...
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| Oneok Inc
The Natural Gas Utilities company, Oneok Inc, has reported mixed results in its fiscal period ending on March 31, 2024. While the company experienced a revenue growth of 5.751% to $4.78 billion compared to the previous year's $4.52 billion, its earnings per share dropped significantly by -53.42% to $1.09 per share from $2.34 in the same quarter of the prior year.
Despite the decrease in earnings per share, Oneok Inc has outperformed its industry peers in terms of revenue growth. The rest of the Natural Gas Utilities industry reported a 1.08% increase in revenue during the same period. However, Oneok Inc's revenue deteriorated by -8.672% from $5.24 billion in the preceding period.
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| Oneok Inc
Natural Gas Utilities industry faced challenges with dwindling transactions and diminishing revenue, Oneok Inc emerged as a shining star in the fourth quarter of 2023. The company reported a remarkable revenue increase of 4.034% to $5.24 billion, surpassing the $5.03 billion from the corresponding reporting period a year before.
Furthermore, Oneok Inc's earnings per share (EPS) grew by 7.19% to $1.16, demonstrating the company's ability to generate greater profitability compared to the prior year reporting period. In the previous reporting period, the company achieved revenue of $4.19 billion and a bottom line of $0.99 per share.
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| Oneok Inc
During the past 5 trading days, Oneok Inc stock has shown an improvement of 1.88%. This brings the year-to-date performance to 4.27%. However, it is worth noting that the stock is still 6.9% short of its 52-week high.
Looking at the company's financial performance for the fiscal third quarter of 2023, there are both positive and negative indicators. The bottom-line grew modestly by 3.13% to $0.99 per share compared to $0.96 per share from the previous year. However, income per share decreased by -4.81% from $1.04 per share in the preceding reporting period.
The company also experienced a decline in revenue, with a decrease of -29.162% to $4.19 billion from $5.91 billion in the same reporting period the previous year. On a positive note, the revenue sequentially advanced by 12.245% from $3.73 billion.
Oneok Inc highlighted its improving profit margins, with a net margin of 10.84% in the fiscal third quarter of 2023 and an operating margin that edged up to 17.64%. This indicates that the company is making progress in terms of profitability.
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| Per Share |
Current |
| Earnings (TTM) |
4.84 $ |
| Revenues (TTM) |
40.75 $
|
| Cash Flow (TTM) |
0.12 $ |
| Cash |
0.23 $
|
| Book Value |
36.11 $
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| Dividend (TTM) |
4.01 $ |
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| Per Share |
|
| Earnings (TTM) |
4.84 $
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| Revenues (TTM) |
40.75 $ |
| Cash Flow (TTM) |
0.12 $ |
| Cash |
0.23 $
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| Book Value |
36.11 $ |
| Dividend (TTM) |
4.01 $ |
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| Natural Gas Gathering and Processing Natural Gas Gathering and Processing Intersegment |
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 8.75 % |
of total Revenue |
| Natural Gas Liquids Natural Gas Gathering and Processing Intersegment |
|
6.75 % |
of total Revenue |
| Liquids commodity sales |
|
90.02 % |
of total Revenue |
| Residue natural gas sales |
|
12.66 % |
of total Revenue |
| Exchange services and natural gas gathering and processing revenue |
|
3.57 % |
of total Revenue |
| Transportation and storage revenue |
|
10.12 % |
of total Revenue |
| Other revenue |
|
0.47 % |
of total Revenue |
| Natural Gas Gathering and Processing |
|
27.32 % |
of total Revenue |
| Natural Gas Liquids |
|
53.06 % |
of total Revenue |
| Natural Gas Pipelines |
|
5.77 % |
of total Revenue |
| Refined Products and Crude |
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30.69 % |
of total Revenue |
| Liquids commodity sales Natural Gas Gathering and Processing |
|
15.26 % |
of total Revenue |
| Liquids commodity sales Natural Gas Liquids |
|
51.13 % |
of total Revenue |
| Liquids commodity sales Refined Products and Crude |
|
23.64 % |
of total Revenue |
| Residue natural gas sales Natural Gas Gathering and Processing |
|
8.68 % |
of total Revenue |
| Residue natural gas sales Natural Gas Pipelines |
|
3.98 % |
of total Revenue |
| Exchange services and natural gas gathering and processing revenue Natural Gas Gathering and Processing |
|
2.29 % |
of total Revenue |
| Exchange services and natural gas gathering and processing revenue Natural Gas Liquids |
|
1.28 % |
of total Revenue |
| Transportation and storage revenue Natural Gas Gathering and Processing |
|
0.99 % |
of total Revenue |
| Transportation and storage revenue Natural Gas Liquids |
|
0.63 % |
of total Revenue |
| Transportation and storage revenue Natural Gas Pipelines |
|
1.79 % |
of total Revenue |
| Transportation and storage revenue Refined Products and Crude |
|
6.7 % |
of total Revenue |
| Other revenue Natural Gas Gathering and Processing |
|
0.1 % |
of total Revenue |
| Other revenue Natural Gas Liquids |
|
0.02 % |
of total Revenue |
| Other revenue Refined Products and Crude |
|
0.35 % |
of total Revenue |
| Other and Eliminations |
|
-16.83 % |
of total Revenue |
| Other and Eliminations Liquids commodity sales |
|
-16.45 % |
of total Revenue |
| Other and Eliminations Residue natural gas sales |
|
-0.29 % |
of total Revenue |
| Other and Eliminations Transportation and storage revenue |
|
-0.06 % |
of total Revenue |
| Other and Eliminations Other revenue |
|
-0.04 % |
of total Revenue |
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On February 26 2024 the Oneok Inc provided following guidance
On February 26, 2024, ONEOK Inc. (NYSE: OKE) revealed a significant increase in earnings for the fourth quarter and full-year of 2023, as well as provided financial guidance for the year 2024. The company reported record volumes in the Rocky Mountain region, which contributed to their strong performance.
During the fourth quarter of 2023, ONEOK Inc. saw higher earnings compared to the same period in the previous year. This increase in earnings was also reflected in their full-year 2023 results, showcasing the company's continued growth and success.
Looking ahead to 2024, ONEOK Inc. announced their financial guidance, setting the stage for another promising year. With their solid performance in ...
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5.37%