ONEOK, Inc. (OKE)
ONEOK is a major American energy company that acts as the middleman, moving natural gas and liquids through a vast network of pipelines.
Is ONEOK, Inc. a good stock for a UK beginner?
The honest version: ONEOK is a major American energy company that acts as the middleman, moving natural gas and liquids through a vast network of pipelines.
Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
Long-term shift toward natural gas as a transition fuel.
Significant regulatory changes or a rapid shift away from fossil fuels.
What does ONEOK, Inc. do?
Think of ONEOK as the plumbing system for the American energy industry; they own the pipes and processing plants that gather natural gas and move it to where it is needed. They charge fees for transporting and processing these fuels, rather than just betting on the price of the oil or gas itself. How smoothly it absorbs its recent large acquisitions, deals designed to widen its reach across the US energy map, is what to follow here.
On our factor screen it looks strongest on momentum and growth, and weakest on quality.
- ✓Pays a dividend - about 4.7% a year
- ✓Growing - revenue up about 20% over the year
- ✓Strong return on shareholder money (ROE 16%)
- Essential infrastructure that is difficult to replicate
- Reliable income through fee-based contracts
- Lower volatility compared to the broader market
- Strict environmental regulations affecting pipeline operations
- Potential for accidents or leaks causing major financial and reputational damage
- Economic downturns reducing overall energy consumption
What do ONEOK, Inc.'s numbers mean?
How much money does ONEOK, Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Does ONEOK, Inc. pay a dividend?
Yes - ONEOK, Inc. currently pays a dividend of about 4.7% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.
When does ONEOK, Inc. report earnings, and how did recent quarters go?
ONEOK, Inc. is next scheduled to report on about 2026-08-03 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-04-28 | $1.30 | $1.30 | In line |
| 2026-02-23 | $1.49 | $1.55 | Beat +4% |
| 2025-10-28 | $1.44 | $1.49 | Beat +3% |
| 2025-08-04 | $1.33 | $1.34 | Beat +1% |
| 2025-04-29 | $1.24 | $1.04 | Missed -16% |
| 2025-02-24 | $1.48 | $1.57 | Beat +6% |
Across the last 6 quarters here, ONEOK, Inc. came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
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Kinder Morgan, Inc.What are the scenarios for ONEOK, Inc.?
An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of ONEOK, Inc.?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Essential infrastructure that is difficult to replicate
- Reliable income through fee-based contracts
- Lower volatility compared to the broader market
- High levels of debt often required to build pipelines
- Heavy reliance on the health of the energy sector
- Limited growth potential compared to tech or high-growth industries
- Strict environmental regulations affecting pipeline operations
- Potential for accidents or leaks causing major financial and reputational damage
- Economic downturns reducing overall energy consumption
The write-up's own warning lights — if these start happening, the case above changes.
- A major shift in government policy banning new pipeline construction
- A sustained collapse in natural gas production volumes
Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.