greeksoup/ stock research
Stock research / United States / OKE · Natural Gas Transmisison & Distribution · NYSE

ONEOK Inc. (OKE)

ONEOK is an Oklahoma-incorporated midstream company that gathers, processes, fractionates, transports, stores and exports natural gas, natural gas liquids, Refined Products and crude oil through a pipeline network of approximately 60,000 miles. The filing describes it as one of the largest integrated energy infrastructure companies in North America. It reports four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. Each is primarily fee-based, and consolidated earnings were approximately 90% fee-based in 2025.

ONEOK Inc.

ONEOK is an Oklahoma-incorporated midstream company that gathers, processes, fractionates, transports, stores and exports natural gas, natural gas liquids, Refined Products and crude oil through a pipeline network of approximately 60,000 miles. The filing describes it as one of the largest integrated energy infrastructure companies in North America. It reports four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. Each is primarily fee-based, and consolidated earnings were approximately 90% fee-based in 2025.

Gathering and processing

Raw natural gas is gathered at the wellhead, compressed and piped to processing plants, where the NGLs are removed and the residue methane is recompressed and delivered to pipelines, storage facilities and end users. The segment owns 22,600 miles of gathering pipelines and processing plants with 1.9 Bcf/d of capacity in the Rocky Mountain region, 3.5 Bcf/d in the Mid-Continent region and 1.8 Bcf/d in the Permian Basin, which were 78% utilised in 2025. Dedicated acreage runs to more than 3 million acres in the Williston Basin, more than 1 million across the Mid-Continent and more than 400 thousand in the Permian Basin. The company has announced the Bighorn plant in the Permian Basin, of 300 MMcf/d, able to treat natural gas carrying high levels of carbon dioxide, at a cost of about $365 million.

Natural gas liquids

NGLs extracted at the company's own and third-party processing plants are gathered, sent to fractionators to be separated into Purity NGLs, then stored or distributed to customers such as petrochemical companies, propane distributors, diluent users, ethanol producers, refineries and exporters. The segment holds 10,100 miles of gathering pipelines, 4,800 miles of distribution pipelines, fractionators with combined operating capacity of 1.2 MMBbl/d that were 94% utilised in 2025, one isomerization unit of 10 MBbl/d, one ethane/propane splitter of 40 MBbl/d, storage capacity of 40 MMBbl and eight Purity NGLs terminals. Primary markets are Conway in Kansas, Mont Belvieu in Texas, Louisiana and the upper Midwest. The Elk Creek pipeline expansion finished in 2025, taking that line to 435 MBbl/d and total capacity out of the Rocky Mountain region to 575 MBbl/d.

Pipelines and storage

This segment takes residue natural gas from third parties and from the company's own plants and moves or stores it for end users such as large industrial customers and the utilities serving commercial and residential consumers, and it can reach international markets through liquified natural gas exports and cross-border pipelines. Intrastate pipeline and storage assets sit in Oklahoma, Texas, Louisiana and Kansas, with 74 Bcf of working gas storage capacity, of which 50 Bcf is at the ONEOK Gas Storage facilities connected to ONEOK Gas Transportation. Connections reach export markets in Mexico via Roadrunner and supply areas in Canada and the United States via Northern Border and Matterhorn. The filing states that most capacity is subscribed under long-term, firm fee-based contracts, so this segment carries little volumetric risk.

Refined products and crude

The fourth segment transports, stores and distributes Refined Products and crude oil, and gathers crude oil. Products carried include gasoline, distillates, aviation fuel and certain NGLs, moving from refinery connections or pipeline interconnections to retail fueling stations, convenience stores, travel centers, railroads, airports and other users. The filing describes the system as one of the longest common carrier pipeline systems for Refined Products in the United States, running from the Texas Gulf Coast across a 15-state area. Assets are 9,800 miles of Refined Products pipelines, 1,100 miles of crude oil transportation pipelines, 2,100 miles of crude oil gathering pipelines, 53 Refined Products terminals, two marine terminals and 100 MMBbl of storage. Terminals at East Houston, Cushing and Corpus Christi add storage, distribution and blending.

Deals and people

The EnLink Acquisition closed on 31 January 2025, each publicly held EnLink common unit exchanged for 0.1412 of a ONEOK share, with 41 million shares issued at a fair value of $4.0 billion on the closing date; EnLink is now a wholly owned subsidiary. The Delaware Basin JV Acquisition completed on 28 May 2025 for $941 million. The company has announced joint ventures with MPLX LP for a 400 MBbl/d liquified petroleum gas export terminal at Texas City, Texas and a pipeline to it from Mont Belvieu, and, through the existing Matterhorn joint venture, the approximately 450-mile Eiger Express Pipeline designed to move up to about 3.7 Bcf/d from the Permian Basin to Katy, Texas. It had 6,326 employees at the end of 2025.

From ONEOK's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in ONEOK became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$12.5 billion
+44.3% on the year · +3.4% on the quarter
Q4 FY2024Q3 FY2026
Net income
$1.4 billion
+43.8% on the year · +39.8% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.13
+43.0% on the year · +39.2% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 24 February 2026
Revenue
$33.6 billion
+55.0% on the year
FY2018FY2025
Net income
$3.4 billion
+11.8% on the year
FY2018FY2025
Diluted EPS
$5.42
+4.8% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsONEOK (OKE) reported revenue of $33.6 billion for fiscal 2025, the year ended 31 December 2025, up 55.0% on the year before. Net income was $3.4 billion and diluted earnings per share $5.42. Revenue was $21.7 billion in fiscal 2024, $17.7 billion in fiscal 2023, $22.4 billion in fiscal 2022 and $16.5 billion in fiscal 2021. Net income in the same years was $3.0 billion, $2.7 billion, $1.7 billion and $1.5 billion. Over the twelve months to 30 September 2026, ONEOK reported revenue of $43.2 billion and net income of $4.1 billion. Revenue grew 31.5% a year, compounded, over the five years to fiscal 2025. ONEOK declared $4.24 a share in dividends over the last four quarters and had 630 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of ONEOK was $53.7 billion, 13.2 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE17.4%
ROCE11.8%
Operating margin14.2%
Net margin9.4%
FCF margin5.9%
Interest cover3.5x
Debt to equity1.22x
Cash conversion1.45x
Share count, last 12 months0.1%
Sales CAGR, 3 years14.5%
Profit CAGR, 3 years25.4%
EPS, TTM$6.44

At the close of 6 November 2026

Price$85.20
Market cap$53.7 billion
Stock P/E13.2x
Price to book2.3x
EV / EBITDA10.7x
Dividend yield5.0%
Market cap / sales1.2x
52-week high$97.51
52-week low$67.81
Price, 1 year25.6%
Price CAGR, 3 years9.6%
Price CAGR, 5 years5.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as ONEOK Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
OKEgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5,4205,4455,9975,9145,0324,5213,7324,1895,2354,7814,8945,0237,0008,0437,8878,6349,0659,61812,04912,455
Cost of revenue4,3194,3664,8784,7733,8933,3472,4822,7993,3012,8972,8913,0274,4965,6555,3605,9626,3967,0539,2429,612
Gross profit1,1011,0791,1191,1411,1391,1741,2501,3901,9341,8842,0031,9962,5042,3882,5272,6722,6692,5652,8072,843
Gross margin20%20%19%19%23%26%33%33%37%39%41%40%36%30%32%31%29%27%23%23%
Operating income6526626896997571,4977377391,0991,0641,2291,1281,5681,2201,4311,5581,5321,4281,5931,568
Operating margin12%12%11%12%15%33%20%18%21%22%25%22%22%15%18%18%17%15%13%13%
Interest expense178172171167166166180215305300298325448442438450453439434415
Pre-tax income5105145455646271,3796135959108471,0239121,3288881,1131,2371,2521,0211,2661,358
Tax rate26%24%24%23%23%24%24%24%24%25%24%24%25%22%23%24%22%24%24%-2%
Net income3793914144314861,0494684536896397806939236368419399777749661,350
Net margin7%7%7%7%10%23%13%11%13%13%16%14%13%8%11%11%11%8%8%11%
Diluted EPS$0.84$0.87$0.92$0.96$1.09$2.34$1.04$0.99$1.11$1.09$1.33$1.18$1.57$1.04$1.34$1.49$1.55$1.23$1.53$2.13
Operating cash flow1,0554627876161,0401,2217729201,5085961,4301,2511,6119041,5251,6241,5469342,0531,379
Capital expenditure207257302327316289305398603512479468562629749804970864613937
Free cash flow84920548528972493246752290584.09517831,04927577682057670.01,440442
Buybacksn/an/an/an/an/an/an/an/an/a0.00.00.015930.00.00.045.0n/an/an/a
Dividends paid417417418418418427428428556578578578579643644648648674674674
Shares outstanding446m447m447m447m447m447m448m583m583m584m584m584m583m625m630m630m630m630m630m630m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue13,47716,15710,80612,67911,32510,18411,87212,1957,7638,92112,17412,59310,1648,54216,54022,38717,67721,69833,62943,187
Cost of revenue11,66714,2228,80810,6179,7458,54010,22210,0895,6416,4969,5389,4236,7885,11012,25717,91011,92913,31123,37332,303
Gross profit1,8101,9361,9982,0621,5801,6441,6502,1072,1222,4252,6363,1703,3763,4324,2844,4775,7488,38710,25610,884
Gross margin13.4%12.0%18.5%16.3%13.9%16.1%13.9%17.3%27.3%27.2%21.7%25.2%33.2%40.2%25.9%20.0%32.5%38.7%30.5%25.2%
Operating income8239178839449229538811,1449961,2961,3921,8351,9141,3612,5962,8074,0724,9895,7416,121
Operating margin6.1%5.7%8.2%7.4%8.1%9.4%7.4%9.4%12.8%14.5%11.4%14.6%18.8%15.9%15.7%12.5%23.0%23.0%17.1%14.2%
Interest expense2562643012922402382713564174704864704927137336768661,3711,7831,741
Pre-tax incomen/an/a6877548068597558205229581,0411,5181,6518021,9842,2503,4974,1104,4904,897
Income tax1851942032141621811661511372124473633721904845278389981,028792
Effective tax raten/an/a29.6%28.4%20.0%21.1%22.0%18.4%26.2%22.2%43.0%23.9%22.6%23.6%24.4%23.4%24.0%24.3%22.9%16.2%
Net income3053123053353613612673142453523881,1521,2796131,4991,7222,6593,0353,3934,067
Net margin2.3%1.9%2.8%2.6%3.2%3.5%2.2%2.6%3.2%3.9%3.2%9.1%12.6%7.2%9.1%7.7%15.0%14.0%10.1%9.4%
Diluted EPS$1.40$1.48$1.44$1.55$1.68$1.71$1.27$1.49$1.16$1.66$1.29$2.78$3.07$1.42$3.35$3.84$5.48$5.17$5.42$6.44
Filing10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2017 to FY2025

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Liquids Commodityn/an/an/an/an/an/a14,16716,45025,56676.0%
Residue Natural Gas Salesn/a1,0919667691,5992,7051,4371,3303,3129.8%
Transportation and Storage Revenuen/a5836486386577101,3063,0203,1379.3%
Exchange Services and Natural Gas Gathering and Processing Revenuen/an/an/an/an/an/an/a7601,4704.4%
Othern/a49.127.026.161.021.071.01381440.4%
Commodity Sales9,863n/an/an/an/an/an/an/an/an/a
Gathering and Exchange Services Revenuen/a568579631653691696n/an/an/a
NGL and Condensate Salesn/a10,3017,9456,47813,57018,260n/an/an/an/a
Services2,311n/an/an/an/an/an/an/an/an/a
Liquids Commodity FY2023 to FY2025Residue Natural Gas Sales FY2018 to FY2025Transportation and Storage Revenue FY2018 to FY2025Exchange Services and Natural Gas Gathering and Processing Revenue FY2024 to FY2025Other FY2018 to FY2025Gathering and Exchange Services Revenue FY2018 to FY2023NGL and Condensate Sales FY2018 to FY2022Commodity Sales FY2017Services FY2017
12.2FY201710.2FY201916.5FY202117.7FY202333.6FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow1,0304761,4538341,3569841,2951,2861,0231,3521,3152,1871,9471,8992,5462,9064,4214,8885,5995,912
Capital expenditure8841,4737915831,3361,8662,2571,7791,1886255122,1413,8482,1956971,2021,5952,0213,1523,384
Free cash flow146-99766125120.1-882-962-494-16572780345.2-1,902-2961,8491,7042,8262,8672,4472,528
Free cash flow margin1.1%-6.2%6.1%2.0%0.2%-8.7%-8.1%-4.0%-2.1%8.1%6.6%0.4%-18.7%-3.5%11.2%7.6%16.0%13.2%7.3%5.9%
Cash from investing-1,152-1,454-788-134-1,372-1,814-2,642-2,566-1,191-615-568-2,115-3,769-2,271-665-1,139-6,404-6,612-3,751-4,026
Cash from financing73.01,470-1,146-69859.21,3399131,30492.7-587-959-97.01,831875-2,259-1,6932,1012,119-2,5031,101
Depreciation and amortisation2282442893071802052392953553924064294775796226267691,1341,5141,548
Share-based compensation20.930.823.124.466.436.746.226.216.440.626.331.737.129.454.153.063.010292.0n/a
Buybacks3900.00.30.03001500.00.0n/an/an/an/an/an/an/a0.00.015975.0n/a
Dividends paid1501631731942272623054445095188291,3351,4581,6051,6671,6721,8392,3132,5832,670
Dividend per share$0.70$0.78$0.82$0.91$1.08$1.27$1.48$2.12$2.43$2.46$2.72$3.25$3.53$3.74$3.74$3.74$3.82$3.96$4.12$4.24
Diluted shares, weighted219m212m213m216m214m211m210m210m211m212m300m414m415m432m447m448m485m586m626m633m
Shares outstanding at period endn/a210m212m214m207m205m207m208m210m211m389m412m413m445m446m447m583m583m630m630m
Filing10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2,7712,0882,2072,4492,2392,1302,3385923361895,5286,5806,2266,0426,0156,49416,48417,03622,48523,316
Non-controlling interestn/a1,0791,2381,4721,5612,1032,5073,4143,4313,2401570.0n/an/a0.80.10.05,09784.09,144
Redeemable equityn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a0.050.0
Short-term borrowingsn/an/an/an/an/an/an/an/an/an/an/a0.0n/a0.00.0n/a0.00.0n/a85.0
Debtn/a4,2314,6024,8875,7367,3438,3298,2168,9819,4419,1399,40012,70714,20013,60013,60021,70032,10032,81628,400
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/a13.587.675.668.174.0154183n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a26.224.3n/an/an/an/an/an/an/a
Other liabilitiesn/a5,7284,7803,6924,1614,3254,5343,0402,6993,2692,0222,2262,8412,7493,9304,2176,0089,68211,07313,297
Total liabilities and equityn/a13,12612,82812,49913,69715,90117,70815,26215,44616,13916,84618,23221,81223,07923,62224,37944,26664,06966,64174,292
Owned
Fixed assetsn/a7,2647,7947,3138,4447,2659,23211,66212,37412,57112,69814,76718,34919,15519,32019,95332,69745,93547,86149,375
Goodwilln/an/an/a6036024345265265265266816816815285285284,9528,0918,0588,058
Intangible assetsn/an/an/a4204124054994894924803122862772462362251,3163,0392,9012,801
Cash and equivalents19.149630.926.256.757714617397.624937.212.021.052414622033873378.0186
Receivablesn/a1,2651,4381,2841,3409351,1107455948721,2038198358301,4421,5321,7052,3263,0104,175
Inventoryn/a8595837075502361881341281403422973052284284326397489481,338
Other assetsn/a3,2422,9822,1462,2926,0506,0081,5321,2351,3011,5721,3701,3451,5681,5221,4892,6193,1973,7858,359
Total assetsn/a13,12612,82812,49913,69715,90117,70815,26215,44616,13916,84618,23221,81223,07923,62224,37944,26664,06966,64174,292
Filing10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded15.8%31.5%14.5%36.8%
Profit growth, compounded30.1%40.8%25.4%21.8%
Return on equity, average34.2%20.1%16.3%15.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was ONEOK's revenue in fiscal 2025?

ONEOK (OKE) reported revenue of $33.6 billion for fiscal 2025, the year ended 31 December 2025, up 55.0% on the year before.

How much did ONEOK earn in fiscal 2025?

Net income was $3.4 billion for fiscal 2025, and diluted earnings per share $5.42.

What is ONEOK's P/E ratio?

At the close of 6 November 2026, ONEOK traded at 13.2 times its earnings over the twelve months to 30 September 2026.

What is ONEOK's market cap?

The market cap of ONEOK was $53.7 billion at the close of 6 November 2026.

Does ONEOK pay a dividend?

Yes. ONEOK declared $4.24 a share in dividends over the four quarters to 30 September 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
All 96 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
National Grid plc NGG *$86.4 billion19.038.2%30.7%-3.8%1.192.5%
Williams Companies, Inc. WMB$80.1 billion25.2319.9%37.5%8.8%2.023.2%
Enterprise Products Partners L.P. EPD$79.8 billion12.26n/a12.7%21.5%n/an/a
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Kinder Morgan, Inc. KMI$66.7 billion18.4911.4%29.0%11.7%1.053.9%
TC Energy Corporation TRP *$64.5 billion26.4412.9%52.7%10.7%2.203.9%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
American Water Works Company, Inc. AWK$29.9 billion26.059.5%37.0%5.4%1.372.3%
Atmos Energy Corp. ATO$29.3 billion20.679.2%37.0%6.5%0.682.0%
Venture Global, Inc. VG$28.8 billion9.0838.9%37.6%100.7%4.880.3%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Cheniere Energy Partners, L.P. CQP$27.8 billionn/an/a34.2%13.2%n/an/a
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
Edison International EIX$22.8 billion6.3220.3%31.8%2.6%2.335.9%
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
NRG Energy, Inc. NRG$18.6 billion22.9217.5%6.1%12.8%4.822.1%
Western Midstream Partners, LP WES$16.5 billion12.91n/a38.5%22.3%n/an/a
Talen Energy Corp. TLN$16.0 billionn/a-16.1%2.0%71.9%6.06n/a
Essential Utilities, Inc. WTRG$13.0 billion22.847.9%72.4%9.2%1.223.2%
Pinnacle West Capital Corp. PNW$12.6 billion19.598.8%20.7%7.5%1.533.5%
DT Midstream, Inc. DTM$11.6 billion24.759.8%49.4%13.4%0.683.0%
OGE Energy Corp. OGE$10.5 billion19.0310.6%25.8%2.4%1.123.4%
Antero Midstream Corp. AM$9.0 billion13.3730.5%81.3%7.3%1.424.7%
Entergy Arkansas, LLC EAI$8.7 billion4.1910.3%24.6%n/a1.7513.4%
Idacorp Inc. IDA$8.6 billion22.519.2%23.5%4.5%0.952.4%
UGI Corp. UGI$7.9 billion12.3912.9%16.2%-0.5%1.354.0%
Kinetik Holdings Inc. KNTK$7.9 billion16.31n/a12.2%15.8%n/a6.6%
Clearway Energy, Inc. CWEN$7.0 billion44.271.7%13.4%9.9%1.665.4%
National Fuel Gas Co. NFG$7.0 billion10.2117.2%40.3%15.1%0.912.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Black Hills Corp. BKH$6.5 billion20.418.0%24.3%2.8%1.133.3%
Txnm Energy Inc. TXNM$6.4 billion28.076.3%24.4%10.0%1.652.9%
Ormat Technologies, Inc. ORA$5.7 billion42.745.1%16.7%28.6%0.600.5%
New Jersey Resources Corp. NJR$5.5 billion15.0113.9%24.8%6.4%1.403.5%
Portland General Electric Co. POR$5.5 billion19.736.3%14.4%1.2%1.164.6%
Spire Inc. SR$5.2 billion9.9015.3%19.7%4.1%2.033.7%
NorthWestern Energy Group, Inc. NWE$5.1 billion31.225.7%18.1%10.1%1.273.2%
One Gas, Inc. OGS$5.1 billion17.258.3%21.1%-1.9%1.003.3%
Archrock, Inc. AROC$4.8 billion14.2021.4%n/a3.7%1.473.2%
Kodiak Gas Services, Inc. KGS$4.2 billion49.563.7%27.4%8.2%1.264.6%
MDU Resources Group Inc. MDU$4.0 billion20.026.5%17.1%-0.7%0.873.0%
American States Water Co. AWR$3.6 billion24.6512.6%32.2%11.1%0.792.3%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Avista Corp. AVA$3.4 billion13.498.7%18.9%-1.4%1.194.9%
Otter Tail Corp. OTTR$3.3 billion18.719.2%15.2%0.0%0.652.9%
California Water Service Group CWT$3.2 billion22.797.2%19.4%4.8%0.862.6%
H2O America HTO$3.0 billion24.704.8%20.7%4.2%0.952.8%
MGE Energy Inc. MGEE$3.0 billion18.5510.9%22.5%8.0%0.632.3%
Fervo Energy Co. FRVO$2.7 billionn/an/an/an/a0.08n/a
Northwest Natural Holding Co. NWN$2.2 billion17.138.3%22.9%3.2%1.843.8%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NGL Energy Partners LP NGL$1.9 billionn/an/a1.9%18.0%n/an/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
Hawaiian Electric Industries Inc. HE$1.5 billion6.3912.8%10.5%13.6%1.28n/a
New Fortress Energy Inc. NFE$1.3 billionn/an/a-84.3%-36.9%n/an/a
Excelerate Energy, Inc. EE$1.2 billion25.252.1%23.8%16.2%0.460.9%
Middlesex Water Co. MSEX$1.1 billion21.639.5%30.5%8.9%0.802.4%
Unitil Corp. UTL$1.0 billion18.318.6%18.6%21.1%1.543.3%
Xplr Infrastructure, LP XIFR$689 million4.601.4%6.4%-1.1%0.57n/a
York Water Co. YORW$530 million19.678.5%37.9%13.7%0.652.8%
Hallador Energy Co. HNRG$476 million505.00-0.5%3.7%6.5%0.23n/a
Genie Energy Ltd. GNE$462 million16.1810.9%5.2%1.7%0.031.7%
Consolidated Water Co. Ltd. CWCO$436 million27.527.2%12.3%-1.2%0.002.1%
Clean Energy Fuels Corp. CLNE$421 millionn/a-13.6%-4.0%6.3%0.39n/a
Montauk Renewables, Inc. MNTK$388 million54.203.0%0.6%4.3%0.57n/a
Artesian Resources Corp. ARTNA$354 million15.049.2%25.0%5.9%0.723.7%
Cadiz Inc. CDZI$300 millionn/a-789.7%-236.1%-21.3%18.65n/a
Summit Midstream Corp. SMC$288 millionn/a-0.6%14.6%20.9%2.07n/a
Pure Cycle Corp. PCYO$262 million17.859.7%37.7%22.9%0.09n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
Global Water Resources, Inc. GWRS$219 million81.112.6%12.6%9.8%1.414.1%
Stabilis Solutions, Inc. SLNG$67 millionn/a-15.0%-19.4%-30.3%0.14n/a
Ocean Power Technologies, Inc. OPTT$4 millionn/an/a-1,088.8%-25.8%1.17n/a
5 companies share its SEC industry code (Natural Gas Transmisison & Distribution); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on OKE

Dividends$4.24 a share over the four quarters to 30 September 2026, a 4.98% yield
Filings21 in twelve months: 9 current reports (8-K), about 6 regulation FD disclosure; 3 results of operations; 2 material agreement; 2 officer or director change; 1 unregistered sale of equity
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.31 by open interest at the 6 November 2026 close; the straddle prices a 5.1% move to 20 November 2026
13F holders1 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest23.6 million shares short, 7.27 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 3 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20246 August 2024EDGAR

Reading about a stock somewhere else? Our free Chrome extension, GreekSoup Stock Ticker Lookup: Earnings, Insider Trades, 13F Holders, shows the latest quarter against a year ago, insider trades and 13F holders when you hover a $ticker such as $AAPL.