ONEOK INC OKE 75.81
Utilities · NYSE · Data as of 2026-10-28
ONEOK INC (OKE) has delivered +13.4% annualized revenue growth, +28.0% earnings growth, and +15.4% dividend growth over 10 years of data. Ranked #164 of 1968 stocks overall and #20 of 87 in the Utilities sector by Steady Score.
About ONEOK INC
Company Overview
ONEOK operates energy infrastructure that moves and processes natural gas, natural gas liquids, crude oil and refined products. Its assets include gathering systems, processing plants, fractionators, storage facilities and pipelines connecting major producing basins with refineries, petrochemical facilities and market centers. Energy producers, processors, refiners and distributors use the network to transport, separate, store and deliver hydrocarbons across the United States.
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Business Model & Revenue
ONEOK earns primarily fee-based revenue under contracts for gathering, processing, fractionation, transportation and storage. Some arrangements also expose earnings to commodity prices or margins on purchased and resold products. The business is organized around natural gas gathering and processing, natural gas liquids, and refined products and crude. Volumes, contracted capacity, tariff rates and utilization of the integrated network are central revenue drivers.
Key Facts & Market Position
Acquisitions of Magellan Midstream, EnLink and Medallion broadened ONEOK from its historical natural-gas and liquids base into refined-products and crude-oil infrastructure. Its assets link production regions with demand centers and can route volumes across connected systems. The network requires substantial capital and is subject to pipeline regulation, permitting, commodity cycles and changes in production and end-market demand.