OKE · Oneok Inc /New/
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $2B | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income $776M
+$439M Interest expense, net of capitalized interest
+$378M Depreciation and amortization
+$245M Income taxes
+$130M Adjusted EBITDA from unconsolidated affiliates
-$89M Equity in net earnings from investments
+$60M Impairment of equity investments
+$58M Noncash compensation expense and other
= Adjusted EBITDA $2B
|
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| natural gas volumes processed | 5% | first-quarter 2026 | — |
| NGL raw feed throughput volumes | 15% | first-quarter 2026 | — |
| refined products volumes shipped | 12% | first-quarter 2026 | — |
| Annualized run-rate net debt-to-EBITDA ratio (excluding transaction costs) non-GAAP | 3.8 | As of Dec. 31, 2025 | — |
| Cumulative acquisition-related synergies achieved | $475M | Year Ended Dec. 31, 2025 | — |
| Fee-based earnings | 90% | Year Ended Dec. 31, 2025 | — |
| Natural Gas Liquids Segment Adjusted EBITDA non-GAAP | $2.78B | Year Ended Dec. 31, 2025 | — |
| Refined Products and Crude Segment Adjusted EBITDA non-GAAP | $2.18B | Year Ended Dec. 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OKE
this stock
Oneok Inc /New/
|
$59.88B | +29.2% | +35.3% | 16.4 | 4.7% |
|
ENB
Enbridge Inc
|
$111.19B | +6.4% | — | — | 1.4% |
|
WMB
Williams Companies, Inc.
|
$91.98B | +25.1% | +13.8% | 30.0 | 2.2% |
|
EPD
Enterprise Products Partners L.P.
|
$84.00B | +21.3% | -6.4% | — | 0.8% |
|
KMI
Kinder Morgan, Inc.
|
$73.08B | +19.4% | +12.2% | 21.0 | 2.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OKE | +9.9% | +1.6% | +8.8% | +4.6% | +29.2% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +9.5% | -2.9% | -5.0% | +0.7% | +15.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.