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Oneok Inc   (NYSE: OKE)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $81.3400 $0.43 0.531%
Day's High: $81.44 Week Perf: 1.46 %
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



 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


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

-35.74 %

7.09 %

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


   

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• View Complete Report
   



Stocks on the Move

ONEOK Inc. Outshines Competitors with Strong Earnings and Analyst Support,

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...

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's Segments
Natural Gas Gathering and Processing Natural Gas Gathering and Processing Intersegment    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    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

  Oneok Inc Outlook

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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