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Oneok (OKE) vs. S&P 500 (SPY)
Oneok Business Overview & Revenue Model
Oneok Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 21.70B | 17.68B | 22.39B | 16.54B | 8.54B | Gross Profit |
| 7.25B | 4.98B | 3.85B | 3.66B | 2.85B | EBIT |
| 4.99B | 4.07B | 2.81B | 2.60B | 2.14B | EBITDA |
| 3.87B | 5.11B | 3.52B | 3.30B | 2.55B | Net Income Common Stockholders |
| 3.04B | 2.66B | 1.72B | 1.50B | 612.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 733.00M | 338.00M | 220.23M | 146.39M | 524.50M | Total Assets |
| 64.07B | 44.27B | 24.38B | 23.62B | 23.08B | Total Debt |
| 32.08B | 21.76B | 13.70B | 13.73B | 14.34B | Net Debt |
| 31.34B | 21.43B | 13.48B | 13.59B | 13.81B | Total Liabilities |
| 41.94B | 27.78B | 17.89B | 17.61B | 17.04B | Stockholders Equity |
| 17.04B | 16.48B | 6.49B | 6.02B | 6.04B |
| Cash Flow | Free Cash Flow | |||
| 4.89B | 2.83B | 1.70B | 1.85B | -296.31M | Operating Cash Flow |
| 4.89B | 4.42B | 2.91B | 2.55B | 1.90B | Investing Cash Flow |
| -6.61B | -6.40B | -1.14B | -665.29M | -2.27B | Financing Cash Flow |
| 2.12B | 2.10B | -1.69B | -2.26B | 875.00M |
Oneok Technical Analysis
Oneok Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $60.73B | 13.78 | 13.40% | 7.26% | 5.20% | 18.35% | |
77 Outperform | $71.66B | 12.42 | 20.78% | 6.35% | 12.71% | 6.74% | |
72 Outperform | $40.74B | 32.56 | 47.62% | 1.65% | 6.45% | 56.33% | |
71 Outperform | $66.59B | 30.06 | 17.92% | 3.48% | 8.06% | -30.11% | |
68 Neutral | $58.46B | 22.48 | 8.54% | 4.37% | -0.55% | 10.02% | |
64 Neutral | $56.03B | 17.35 | 18.11% | 4.46% | 24.16% | -6.58% | |
57 Neutral | $8.34B | 5.35 | -5.98% | 7.29% | 0.20% | -69.45% |
Oneok Earnings Call Summary
Oneok Corporate Events
On February 24, 2025, ONEOK announced its financial guidance for 2025 and a growth outlook for 2026. The company anticipates an 11% increase in net income and an 8% rise in earnings per share for 2025, driven by volume growth, completed projects, and expanded operations, particularly in the Permian Basin and Gulf Coast. For 2026, ONEOK expects over 15% growth in earnings per share and nearly 10% growth in adjusted EBITDA, supported by increased production and the realization of acquisition-related synergies. The guidance reflects ONEOK’s strategic focus on disciplined growth and value delivery across its operations, with significant capital expenditures planned for key projects and expansions.
ONEOK reported significant financial growth for the fourth quarter and full-year 2024, with net income reaching $3.1 billion and adjusted EBITDA at $6.78 billion. This growth was driven by strategic acquisitions, including EnLink and Medallion, increased volumes in the Rocky Mountain region, and a successful divestiture of an interstate pipeline. The company also completed several capital projects, such as the MB-6 fractionator and the Elk Creek pipeline expansion, further positioning itself for long-term growth. Additionally, ONEOK increased its quarterly dividend and repurchased shares, reflecting its commitment to returning value to shareholders.
On February 3, 2025, Charles M. Kelley, Senior Vice President of Commercial Natural Gas Pipelines at ONEOK, announced his retirement, effective March 31, 2025. In connection with its internal reorganization, ONEOK and its associated entities executed supplemental indentures and a credit agreement guarantee, assuming various financial obligations and providing guarantees, which realign the company’s financial commitments and obligations.
On January 31, 2025, ONEOK completed its acquisition of EnLink Midstream, strengthening its integrated midstream business and enhancing value for stakeholders. The acquisition was approved by EnLink unitholders and involved a share exchange, marking the end of EnLink’s public trading on the NYSE. This strategic acquisition allows ONEOK to further diversify its platform and integrate EnLink’s operations, providing potential benefits across the combined entity. The internal reorganization following the merger included assuming various obligations and providing guarantees, indicating a significant operational integration effort.
On January 30, 2025, ONEOK, Inc. announced the approval by EnLink Midstream’s unitholders for its acquisition of the remaining publicly held common units of EnLink. The acquisition, which saw approximately 99.8% of the common units voting in favor, is expected to close on January 31, 2025, with EnLink’s units ceasing to trade on the NYSE. This strategic move consolidates ONEOK’s position in the midstream energy sector, enhancing its operational capacity and potentially realizing synergies, though it carries integration and market risks as highlighted in the forward-looking statements.
On January 21, 2025, ONEOK announced that it will release its fourth quarter and year-end 2024 earnings on February 24, 2025, after the market closes. A conference call and live webcast, scheduled for February 25, 2025, will involve ONEOK’s management team discussing the earnings. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future outlook, potentially impacting its market positioning and investor relations.
ONEOK, Inc. announced the appointment of Randy N. Lentz as Executive Vice President and Chief Operating Officer, and Sheridan C. Swords as Executive Vice President and Chief Commercial Officer, effective immediately. These leadership changes are intended to support ONEOK’s strategy of building a diversified, fully integrated energy infrastructure company, enhancing its operations and industry positioning.
ONEOK, Inc. has completed the sale of its three interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream, Inc. for $1.2 billion. This transaction is a strategic move to optimize ONEOK’s asset portfolio and enhance its financial flexibility, supporting its capital allocation priorities and leverage target for 2026. The sale is expected to positively impact ONEOK’s operations by allowing it to focus on its core businesses while DT Midstream assumes responsibility for the pipelines, including the establishment of a new Tulsa office.
ONEOK, Inc. and EnLink Midstream, LLC have announced the filing of definitive proxy materials with the SEC concerning ONEOK’s acquisition of the remaining publicly held common units of EnLink. The acquisition aims to establish a fully integrated Permian Basin platform, extend ONEOK’s operational footprint, and realize synergies through complementary assets, enhancing its market position. The transaction is expected to close in the first quarter of 2025, pending approval from EnLink unitholders and fulfillment of other customary conditions.
ONEOK, Inc. announced its participation in an upcoming investor conference, including a fireside chat session to be webcast live. This engagement offers the company an opportunity to present its strategic initiatives and operations to investors, potentially influencing stakeholder perceptions and reinforcing its position in the energy infrastructure industry.