ONEOK moves natural gas and natural gas liquids from wellheads to refineries, processors, and power plants via ~17,500 miles of gathering pipelines and processing plants. Think of it as the midstream toll-road for America's energy.
Money comes from gathering, processing, and transporting natural gas and NGLs under long-term, fee-based contracts with oil and gas producers. Gross margin was 21.83% (TTM) – a stable, recurring toll-like cash flow that stays strong even if energy prices wobbl
Its integrated pipeline network in the Mid-Continent and Rocky Mountains is a physical barrier – competitors like Kinder Morgan and Energy Transfer can't build new lines through the same basins easily, so producers have limited alternatives. But the shift to r
Sell (sector percentile 17) — value C+, growth B-, profitability C+, momentum C+, revisions D. Updated daily, sector-relative, identical for every user.
Key events, in time order
Q2 call raises full-year guidance again, alongside release of annual sustainability report, showing growth and ESG progress.
Q2 revenue $12.05B up 52.8% YoY, EPS and EBITDA beat; extends earnings momentum
Arete Wealth raised stake by 173.3%, Axiom initiated position, showing institutional inflow
Analyst no longer bullish, listed among top Friday downgrades
Dividend unchanged from prior quarter, annualized ~$4.28, reflecting steady shareholder return
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