Zacks Investment Research·2d ago
Oneok Inc. (OKE) Stock Drops Despite Market Gains: Important Facts to NoteIn the closing of the recent trading day, Oneok Inc. (OKE) stood at $91.8, denoting a -1.78% move from the preceding trading day.
ONEOK's transformative Magellan acquisition has propelled revenue to $12.0B in 2026Q2, a 52.8% YoY surge, but gross margins compressed to 14.2% due to a mix shift toward lower-margin refined products. The company maintains robust cash conversion (OCF/NI of 2.1...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 52.8% YoY to $12.0B in 2026Q2, but gross margin fell to 14.2% from 26.7% in the prior quarter, reflecting a mix shift toward lower-margin refined products.
ONEOK is projected to see EBITDA growth in 2026 as synergies from Magellan, EnLink, and Medallion integrations materialize.
ONEOK will release first-quarter 2026 earnings, which could serve as a catalyst for the stock as the market evaluates performance.
A bullish thesis on ONEOK has been highlighted by Pacific Northwest Edge's Substack, suggesting positive sentiment among analysts.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 3, 2026 | $1.53+4.8% vs $1.46 | $12.0B+34.6% vs $8.9B |
Q2 2026 Apr 28, 2026 | $1.23-5.4% vs $1.30 | $9.6B+16.8% vs $8.2B |
Q1 2026 Feb 23, 2026 | $1.55+3.3% vs $1.50 | $9.1B+3.6% vs $8.7B |
Q4 2025 Oct 28, 2025 | $1.49+3.5% vs $1.44 | $8.6B-1.7% vs $8.8B |
In the closing of the recent trading day, Oneok Inc. (OKE) stood at $91.8, denoting a -1.78% move from the preceding trading day.
Four pipeline giants kept paying investors through the 2020 energy crash without skipping a beat, and they are doing something structurally different from most high-yield stocks that explains why the income holds when oil prices collapse.
Oneok Inc. (OKE) concluded the recent trading session at $94.72, signifying a -2.32% move from its prior day's close.
TULSA, Okla., Sept. 15, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced the pricing terms of ONEOK, L.L.C.
Benchmark OKE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for ONEOK, Inc. (OKE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $90.54 | $57.04B | 16.70 | 55.42% | 10.1% | 15.19% | 4.52% | |
| $71.11 | $86.97B | 33.23 | 13.78% | 25.18% | 20.36% | — | |
| $31.37 | $69.85B | 22.90 | 12.45% | 19.31% | 10.67% | — | |
| $283.01 | $60.75B | 33.22 | 3.06% | 13.49% | 69.17% | — | |
| $125.83 | $12.84B | 28.40 | 26.71% | 35.73% | 9.58% | — | |
| $58.81 | $59.68B | 12.20 | 8.37% | 36.75% | 32.9% | — |
ONEOK, Inc. (OKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
ONEOK, Inc. (OKE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 3, 2026·SEC
May 21, 2026·SEC
Apr 28, 2026·SEC
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ONEOK, Inc. (OKE) stock FAQ — growth, dividends, profitability & financials explained
ONEOK, Inc. (OKE) reported $39.37B in revenue for fiscal year 2025. This represents a 3115% increase from $1.22B in 1996.
ONEOK, Inc. (OKE) grew revenue by 55.4% over the past year. This is strong growth.
Yes, ONEOK, Inc. (OKE) is profitable, generating $3.66B in net income for fiscal year 2025 (10.1% net margin).
Yes, ONEOK, Inc. (OKE) pays a dividend with a yield of 4.52%. This makes it attractive for income-focused investors.
ONEOK, Inc. (OKE) has a return on equity (ROE) of 15.2%. This is reasonable for most industries.
ONEOK, Inc. (OKE) generated $2.91B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
