ONEOK offers a nearly 6% dividend yield, is attractively valued after a recent share price drop, and doesn't issue a K-1, simplifying taxes. Long-term growth drivers include rising LNG exports, natural gas replacing coal, and surging AI-driven electricity demand, supporting sustained EBITDA growth. ONEOK's EBITDA per share is expected to grow 20% this year and at least 10% over the next two years, with solid growth prospects beyond 2027.
ONEOK's integrated midstream network and recent acquisitions drive strong EBITDA growth and position it for continued expansion in key U.S. energy markets. Robust cash flow supports a 5.6% dividend yield, ongoing share repurchases, and a sustainable payout ratio, underscoring commitment to shareholder returns. Volume growth across NGL, refined, and processing segments, plus new projects, fuel future earnings and resilience despite industry volatility.
OKE's stock price recently dipped quite sharply. We discuss why. We also discuss why we think this is a golden opportunity to load up on a wonderful infrastructure company that pays a very attractive dividend alongside promising long-term growth.
![]() OKE In 2 months Estimated | Quarterly | $1.03 Per Share |
![]() OKE 3 weeks ago Paid | Quarterly | $1.03 Per Share |
![]() OKE 3 months ago Paid | Quarterly | $1.03 Per Share |
![]() OKE 6 months ago Paid | Quarterly | $1.03 Per Share |
![]() OKE 9 months ago Paid | Quarterly | $0.99 Per Share |
![]() OKE 1 Aug 2024 Paid | Quarterly | $0.99 Per Share |
4 Nov 2025 (In 2 months) Date | | 1.46 Cons. EPS | - EPS |
27 Oct 2025 (In 2 months) Date | | 1.44 Cons. EPS | - EPS |
4 Aug 2025 Date | | 1.36 Cons. EPS | 1.34 EPS |
22 May 2025 Date | | 1.23 Cons. EPS | 1.04 EPS |
24 Feb 2025 Date | | 1.44 Cons. EPS | 1.57 EPS |
![]() OKE In 2 months Estimated | Quarterly | $1.03 Per Share |
![]() OKE 3 weeks ago Paid | Quarterly | $1.03 Per Share |
![]() OKE 3 months ago Paid | Quarterly | $1.03 Per Share |
![]() OKE 6 months ago Paid | Quarterly | $1.03 Per Share |
![]() OKE 9 months ago Paid | Quarterly | $0.99 Per Share |
![]() OKE 1 Aug 2024 Paid | Quarterly | $0.99 Per Share |
4 Nov 2025 (In 2 months) Date | | 1.46 Cons. EPS | - EPS |
27 Oct 2025 (In 2 months) Date | | 1.44 Cons. EPS | - EPS |
4 Aug 2025 Date | | 1.36 Cons. EPS | 1.34 EPS |
22 May 2025 Date | | 1.23 Cons. EPS | 1.04 EPS |
24 Feb 2025 Date | | 1.44 Cons. EPS | 1.57 EPS |
Oil & Gas Midstream Industry | Energy Sector | Pierce H. Norton II CEO | NYSE Exchange | 682680103 Cusip |
US Country | 5,177 Employees | 1 Aug 2025 Last Dividend | 3 Feb 2014 Last Split | 1 Jul 1985 IPO Date |
ONEOK, Inc., founded in 1906 and based in Tulsa, Oklahoma, stands as a significant player in the United States' energy sector, focusing on the gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL). The company operates through a diverse portfolio of assets, including natural gas gathering pipelines, processing plants, and NGL distribution pipelines across multiple states such as Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado. ONEOK's operations span across four primary segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. Through its extensive network and varied services, ONEOK caters to a broad spectrum of clients, ranging from exploration and production companies to utilities and industrial customers, showcasing its integral role in the midstream sector of the energy industry.
ONEOK operates a vast network of natural gas gathering pipelines and processing plants primarily in the Mid-Continent and Rocky Mountain regions. This infrastructure supports the cleaning, treating, and processing of raw natural gas to remove impurities and separate NGLs, making it suitable for commercial use and further fractionation.
The company's involvement in NGLs encompasses gathering, fractionation, storage, and distribution of NGL products. ONEOK owns extensive NGL infrastructure, including pipelines and fractionation facilities that allow for the separation of NGLs into their constituent products such as ethane, propane, butanes, and natural gasoline. These products are crucial for various applications in the petrochemical and heating industries.
ONEOK's pipeline network includes regulated interstate and intrastate natural gas transmission pipelines. These pipelines play a crucial role in the efficient and safe transport of natural gas from production sites to end-users, including residential, commercial, and industrial customers, ensuring a reliable supply of energy.
This segment of ONEOK's operations focuses on the transportation, storage, and distribution of refined petroleum products like unleaded gasoline and diesel, as well as crude oil. The company manages assets such as terminals and storage facilities, along with truck- and rail-loading and -unloading facilities, which are vital for the movement of energy resources across different regions.
Besides its core operations, ONEOK engages in various additional services that complement its main business lines. These include owning and operating a parking garage in downtown Tulsa, leasing office space, and engaging in commodity-related activities such as liquids blending and marketing. This diversified approach allows ONEOK to leverage its infrastructure and expertise across different areas, providing added value to its stakeholders.