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Oneok Inc   (OKE)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $84.6600 $1.76 2.123%
Day's High: $84.84 Week Perf: 3.24 %
Day's Low: $ 83.19 30 Day Perf: 6.3 %
Volume (M): 2,203 52 Wk High: $ 84.84
Volume (M$): $ 186,489 52 Wk Avg: $71.93
Open: $83.50 52 Wk Low: $60.58



 Market Capitalization (Millions $) 49,585
 Shares Outstanding (Millions) 586
 Employees 2,847
 Revenues (TTM) (Millions $) 17,937
 Net Income (TTM) (Millions $) 2,249
 Cash Flow (TTM) (Millions $) -615
 Capital Exp. (TTM) (Millions $) 1,818

Oneok Inc

We are a diversified energy company and successor to the company founded in 1906 known as Oklahoma Natural Gas Company. Our common stock is listed on the NYSE under the trading symbol “OKE.” ONEOK Partners is a leader in the gathering, processing, storage and transportation of natural gas in the United States.

In addition, ONEOK Partners owns one of the nation’s premier natural gas liquids systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. We are the largest natural gas distributor in Oklahoma and Kansas and the third largest natural gas distributor in Texas, providing service as a regulated public utility to wholesale and retail customers.

Our largest distribution markets are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. Our energy services operation is engaged in providing premium natural gas marketing services to its customers across the United States.

We report operations in the following business segments:

· ONEOK Partners;

· Distribution; and

· Energy Services.

ONEOK Partners also gathers, treats, fractionates, transports and stores NGLs. ONEOK Partners’ natural gas liquids gathering pipelines deliver unfractionated NGLs gathered from natural gas processing plants located in Oklahoma, Kansas, Texas and the Rocky Mountain region to fractionators it owns in Oklahoma, Kansas and Texas. The NGLs are then separated through the fractionation process into the individual NGL products that realize the greater economic value of the NGL components. The individual NGL products are then stored or distributed to petrochemical manufacturers, heating fuel users, refineries and propane distributors through ONEOK Partners’ FERC-regulated distribution pipelines that move NGL products from Oklahoma and Kansas to the market centers in Conway, Kansas, and Mont Belvieu, Texas, as well as the Midwest markets near Chicago, Illinois.

Our operating results are primarily affected by the number of customers, usage and the ability to collect delivery rates that provide a reasonable rate of return on our investment and recovery of our cost of service. Natural gas costs are passed through to our customers based on the actual cost of gas purchased by the respective distribution companies and related expenses. Substantial fluctuations in natural gas sales can occur from year to year without materially or adversely impacting our net margin, since the fluctuations in natural gas costs affect natural gas sales and cost of gas by an equivalent amount.

Our Energy Services segment’s primary focus is to create value for our customers by delivering physical natural gas products and risk management services through our network of contracted transportation and storage capacity and natural gas supply. This contracted storage and transportation capacity connects the major supply and demand centers throughout the United States and into Canada. Our customers are primarily LDCs, electric utilities and industrial end users. Our customers’ natural gas needs vary with seasonal changes in weather and are therefore somewhat unpredictable.

Competition - ONEOK Partners’ natural gas and natural gas liquids businesses compete directly with other companies for natural gas and NGL supplies, markets and services. Competition for natural gas transportation services continues to increase as the FERC and state regulatory bodies continue to encourage more competition in the natural gas markets. Competition is based primarily on fees for services, quality of services provided, current and forward natural gas and NGL prices and proximity to supply areas and markets. ONEOK Partners believes that its assets enable it to effectively compete.

We can face competition based on customers’ preference for natural gas compared with other energy products, and the comparative prices of those products. The most significant product competition occurs between natural gas and electricity in the residential and small commercial markets. We compete for heating, cooking and other general energy needs. Customers and builders typically make the decision on the type of equipment to install at initial installation and use the chosen energy source for the life of the equipment. The markets in our service territories have become increasingly competitive. Changes in the competitive position of natural gas relative to electricity and other energy products have the potential of causing a decline in consumption or in the number of future natural gas customers.



   Company Address: 100 West Fifth Street, Tulsa, 74103 OK
   Company Phone Number: 588-7000   Stock Exchange / Ticker: NYSE OKE
    Next quarterly dividend pay out on August 12, 2024.


Customers Net Income fell by OKE's Customers Net Profit Margin fell to

-30.11 %

9.76 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AM        1.57% 
GEL   -0.91%    
SRE        2.49% 
WMB        1.49% 
COP        0.81% 
CVX        0.82% 
• View Complete Report
   



Business Update

ONEOK Acquires Easton Energy's Gulf Coast Liquids Pipeline in $280M Deal Amid Competitive Market Struggle

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...

Oneok Inc

Oneok Inc Faces Decline in Earnings Despite Revenue Growth in Fiscal Period Ending March 31, 2024

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.

Oneok Inc

Oneok Inc Shines Bright with Impressive Revenue Growth in Q4 2023

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.

Oneok Inc

Oneok Inc Shows Positive Improvement in Fiscal Performance with Modest Profit Growth and Revenue Decline

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.

Oneok Inc

Oneok Inc Faces Bewildering Headwinds in Second Quarter of 2023 as Profit Declines and Revenue Drops by 37.8%



Oneok Inc, a prominent energy company, recently released its financial results for the April to June 30, 2023 fiscal span. The report highlights various key figures such as income per share, profit, revenue, net earnings, profit margins, inventory levels, and accounts receivable. This article aims to analyze these financial figures and provide insights into the company's performance during this period.
Financial Performance Analysis:
1. Income per share: Oneok Inc witnessed a growth of 13.04% in income per share, from $0.92 to $1.04 when compared to the previous year's fiscal span.
2. Profit: The company experienced a significant decline in profit, with a drop of -55.56% from $2.34 per share in the preceding financial reporting period.
3. Revenue: Oneok Inc reported a decline in revenue by -37.766% to $3.73 billion, compared to $6.00 billion recorded in the corresponding financial reporting period a year ago. Additionally, the sequential revenue fell by -17.452% from $4.52 billion.
4. Net Earnings: Oneok Inc's net earnings increased by 12.94% to $468.000 million from $414.378 million in the same fiscal span a year ago.
5. Profit Margins: The company showcased improving profit margins, with a rise in net margin to 12.54% and operating margin up to 19.75% during the April to June 30, 2023 fiscal span.
6. Inventories: The decline in the level of inventories to $314.0 million, both when compared to the previous quarter and the same period the previous year, implies a potential decrease in future demand.
7. Operating Earnings: The operating earnings improved by merely 6.97% to $737 million.
8. Accounts Receivable: Oneok Inc observed a decline in accounts receivable to $1,023.0 million, suggesting a possible slowing of demand according to some analysts.
9. Future Financial Reporting: Oneok Inc is projected to release its next financial results on November 01, 2023.






 

Oneok Inc's Segments
 
Partners 
 Segment     of total Revenue
Distribution 
 Segment     of total Revenue
Energy Services
 Segment     of total Revenue
Other 
 Segment     of total Revenue
 
• View Complete Report

Oneok Inc's Operating Statistics Decrease / Increase
       
Natural gas gathered (BBtu/d)   Natural gas gathered (BBtu/d) Decline   
Natural gas processed (BBtu/d)   Natural gas processed (BBtu/d) Decline   
Gas transportation contracted (MDth/d)     
Transportation capacity %     
Residue gas sales (BBtu/d)     
NGL sales (MBbl/d)   NGL sales (MBbl/d) Decline   
NGLs fractionated (MBbl/d)     
NGLs transported gathering lines (MBbl/d)   NGLs transported gathering lines (MBbl/d) Decline   
NGLs transported distribution lines (MBbl/d)   NGLs transported distribution lines (MBbl/d) Decline   
Avg. price differential Ethane ($/gallon)   Avg. price differential Ethane ($/gallon) Decline   
Realized composite NGL sales price ($/gallon)   Realized composite NGL sales price ($/gallon) Decline   
Realized condensate sales price ($/Bbl)   Realized condensate sales price ($/Bbl) Decline   
Realized residue gas sales price ($/MMBtu)   Realized residue gas sales price ($/MMBtu) Decline   
Realized gross processing spread ($/MMBtu)     
Residential Sales (Bcf)     
Commercial Sales (Bcf)     
Industrial Sales (Bcf)     
Wholesale Sales (Bcf)     
Public Authority Sales (Bcf)     
Total volumes sold (Bcf)     
Transportation (Bcf)     
Total volumes delivered (Bcf)     
Residential Customers (thousands)     
Commercial Customers (thousands)     
Industrial Customers (thousands)     
Wholesale Customers (thousands)     
Public Authority Customers (thousands)     
Transportation Customers (thousands)     
Total Customers (thousands)     




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