profit from every $100 of sales.
$0$100
ONEOK
$88.86+0.78% today
+29.0% in 1 year
1-year low $68.861-year high $97.51
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $16.51 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What ONEOK sold, what it kept, and what it did with the cash.
Sales went from $22.4 billion in 2022 to $33.6 billion in 2025, with $3.39 billion of profit last year.
SalesProfit
ONEOK handed back more cash to shareholders than it generated last year.
$2.6B
Free cash flow 2025$2.4B
Bought back its own shares$75M
Paid as dividends$2.6B
Cash vs. debt$78M vs. $32.8B
ONEOK vs. similar companies
ONEOK grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| ONEOK | 16.5× · Fair price | ||
 Enbridge | 20.4× · Fair price | ||
 The Williams Companies | 33.2× · Expensive | ||
 Enterprise Products Partners L.P. | 13.9× · Cheap | ||
 Kinder Morgan | 23.3× · Fair price |
Compare ONEOK with Canadian Natural Resources · Chevron · Enbridge · EOG Resources · MPLX LP · TotalEnergies · Exxon Mobil
AI analysis
An AI analyst reads ONEOK's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 8,542 | 16,540 | 22,387 | 17,677 | 21,698 | 33,629 | |
| – | – | 3,851 | 4,979 | 7,253 | 8,742 | |
| 1,361 | 2,596 | 2,807 | 4,230 | 5,062 | 5,822 | |
| 2,094 | 3,339 | 3,552 | 5,132 | 6,615 | 7,787 | |
| 613 | 1,499 | 1,722 | 2,659 | 3,035 | 3,393 | |
| 1.42 | 3.35 | 3.84 | 5.48 | 5.17 | 5.42 | |
| – | – | 17.2% | 28.2% | 33.4% | 26.0% | |
| 15.9% | 15.7% | 12.5% | 23.9% | 23.3% | 17.3% | |
| 7.2% | 9.1% | 7.7% | 15.0% | 14.0% | 10.1% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 23,079 | 23,622 | 24,379 | 44,266 | 64,069 | 66,641 |
| Cash | 524 | 146 | 220 | 338 | 733 | 78 |
| Total debt | 14,200 | 13,600 | 13,701 | 21,667 | 32,077 | 32,816 |
| Total liabilities | – | – | 17,885 | 27,782 | 41,936 | 44,072 |
| 6,043 | 6,016 | 6,494 | 16,484 | 17,036 | 22,485 | |
| 432 | 447 | 448 | 485 | 587 | 626 | |
| 5.9% | 10.9% | 11.4% | 9.0% | 8.8% | 9.0% | |
| 10.1% | 24.9% | 26.5% | 16.1% | 17.8% | 15.1% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,899 | 2,546 | 2,906 | 4,421 | 4,888 | 5,599 | |
| 2,195 | 697 | 1,202 | 1,595 | 2,021 | 3,152 | |
| -296 | 1,849 | 1,704 | 2,826 | 2,867 | 2,447 | |
| Dividends paid | 1,605 | 1,667 | 1,672 | 1,839 | 2,313 | 2,583 |
| – | – | 0 | 0 | 524 | 75 | |
| 29 | 54 | 53 | 63 | 102 | 92 |
Valuation
- 16.5×
- 15.7×
- 0.54
- 2.4×
- 1.7×
- 22.9×
- 11.4×
- 4.4%
- 6.1%
- 4.5%
Profitability
- 26.0%
- 17.3%
- 10.1%
- 22.3%
- 9.2%
- 9.8%
- 15.9%
- 5.2%
- 11.8%
- –
Growth
- +31.5%
- +30.7%
- −14.6%
- +2.0%
- +11.8%
Financial health
- 4.2×
- 1.46
- 49.3%
- 3.5×
- 0.71
- 0.56
- 0.52
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 38%of 467
Top 40%of 466
Top 48%of 387
Top 8%of 461
Bottom 45%of 460
What analysts expect
- Average price target
- $92.43
- Range
- $80.00 – $104.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 1.23 | 1.30 | −5.4% |
| Feb 23, 2026 | 1.55 | 1.50 | +3.3% |
| Oct 28, 2025 | 1.49 | 1.44 | +3.5% |
| Aug 4, 2025 | 1.34 | 1.33 | +0.8% |
| Apr 29, 2025 | 1.04 | 1.24 | −16.1% |
| Feb 24, 2025 | 1.57 | 1.46 | +7.5% |
| Oct 29, 2024 | 1.18 | 1.23 | −4.1% |
| Aug 5, 2024 | 1.33 | 1.21 | +9.9% |
4.5%of the share price, paid each year
On $1,000 invested$45a year at today's yield, before tax
+2.0%2020 to 2025
Raised3 yearsin a row, in our data
Paid per share, each year
$2.43 in 2015 → $4.12 in 2025
How safe it looks
76.1% of its profit
Room to growStretchedMore than it earns: 105.6%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
44No pass
Benjamin Graham
51No pass
Philip Fisher
56No pass
Peter Lynch
91Pass
Joel Greenblatt
37No pass
Charlie Munger
31No pass
Terry Smith
31No pass
Questions about ONEOK
Is ONEOK a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the ONEOK AI analysis
What does ONEOK do?
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It is in Oil & Gas Midstream, based in Tulsa, OK, United States, with 6,326 employees.
Does ONEOK pay a dividend?
Yes. At today's price the dividend is 4.5% a year, about 76% of its yearly profit. In 2025 it paid out $2.58 billion in dividends.
Is ONEOK stock halal?
No. ONEOK does not pass our halal screen: its debt is 59% of its market value, at or above the 33% limit. How we check
How has ONEOK stock done over the past year?
Up 29.0% over the past twelve months, to $88.86. It traded between $68.86 and $97.51 and is 8.9% below its high.
Who are ONEOK's competitors?
The largest listed companies in the same industry are Enbridge, The Williams Companies, Enterprise Products Partners L.P. and Kinder Morgan. The peers table on this page compares their profit, growth and price with ONEOK's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.