📊 OKE Key Takeaways
Is Oneok Inc. /New/ (OKE) a Good Investment?
ONEOK demonstrates strong operational execution with 55% revenue growth and a healthy 17.1% operating margin, supported by robust free cash flow of 2.4B and excellent interest coverage of 19.1x. However, flat net income growth despite explosive topline expansion raises profitability concerns, while critically weak liquidity (0.71x current ratio with only 78M cash) and elevated leverage (1.37x D/E) create balance sheet vulnerability.
Why Buy Oneok Inc. /New/ Stock? OKE Key Strengths
- Exceptional revenue growth of 55% YoY demonstrating strong market demand
- Solid operating margin of 17.1% showing operational efficiency and pricing power
- Strong free cash flow generation of 2.4B annually supporting capital allocation
- Excellent interest coverage ratio of 19.1x provides comfortable debt servicing capacity
- Operating cash flow of 5.6B substantially exceeds capital expenditure needs of 3.2B
OKE Stock Risks: Oneok Inc. /New/ Investment Risks
- Net income completely flat (0% YoY growth) despite 55% revenue expansion indicates concerning cost structure or margin compression
- Critically low liquidity with current ratio of 0.71x and minimal cash position of 78M relative to 66.6B asset base
- Elevated leverage of 1.37x debt-to-equity combined with weak liquidity creates balance sheet stress during downturns
- Very low gross margin of 4.5% leaves minimal buffer for commodity price volatility in natural gas sector
- High capital intensity with 3.2B annual capex reduces financial flexibility
Key Metrics to Watch
- Net income and net margin trend - must return to growth to justify valuation
- Operating cash flow sustainability as revenue growth moderates
- Debt-to-equity ratio and cash position improvement - current leverage unsustainable at low liquidity
Oneok Inc. /New/ (OKE) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
OKE Profit Margin, ROE & Profitability Analysis
OKE vs Energy Sector: How Oneok Inc. /New/ Compares
How Oneok Inc. /New/ compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Oneok Inc. /New/ Stock Overvalued? OKE Valuation Analysis 2026
Based on fundamental analysis, Oneok Inc. /New/ has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Oneok Inc. /New/ Balance Sheet: OKE Debt, Cash & Liquidity
OKE Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Oneok Inc. /New/'s revenue has grown significantly by 50% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.48 reflects profitable operations.
OKE Revenue Growth, EPS Growth & YoY Performance
OKE Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $5.0B | $693.0M | $1.18 |
| Q2 2025 | $4.9B | $780.0M | $1.33 |
| Q1 2025 | $4.8B | $636.0M | $1.04 |
| Q3 2024 | $4.2B | N/A | $0.99 |
| Q2 2024 | $3.7B | N/A | $1.04 |
| Q1 2024 | $4.5B | N/A | $1.09 |
| Q3 2023 | $4.2B | N/A | $0.96 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Oneok Inc. /New/ Dividends, Buybacks & Capital Allocation
OKE SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Oneok Inc. /New/ (CIK: 0001039684)
📋 Recent SEC Filings
❓ Frequently Asked Questions about OKE
What is the AI rating for OKE?
Oneok Inc. /New/ (OKE) has an AI rating of HOLD with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are OKE's key strengths?
Claude: Exceptional revenue growth of 55% YoY demonstrating strong market demand. Solid operating margin of 17.1% showing operational efficiency and pricing power.
What are the risks of investing in OKE?
Claude: Net income completely flat (0% YoY growth) despite 55% revenue expansion indicates concerning cost structure or margin compression. Critically low liquidity with current ratio of 0.71x and minimal cash position of 78M relative to 66.6B asset base.
What is OKE's revenue and growth?
Oneok Inc. /New/ reported revenue of $33.6B.
Does OKE pay dividends?
Oneok Inc. /New/ pays dividends, with $2,583.0M distributed to shareholders in the trailing twelve months.
Where can I find OKE SEC filings?
Official SEC filings for Oneok Inc. /New/ (CIK: 0001039684) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is OKE's EPS?
Oneok Inc. /New/ has a diluted EPS of $5.42.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is OKE a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Oneok Inc. /New/ has a HOLD rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is OKE stock overvalued or undervalued?
Valuation metrics for OKE: ROE of 15.1% (sector avg: 14%), net margin of 10.1% (sector avg: 12%). Higher ROE suggests strong returns relative to peers.
Should I buy OKE stock in 2026?
Our dual AI analysis gives Oneok Inc. /New/ a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is OKE's free cash flow?
Oneok Inc. /New/'s operating cash flow is $5.6B, with capital expenditures of $3.2B. FCF margin is 7.3%.
How does OKE compare to other Energy stocks?
Vs Energy sector averages: Net margin 10.1% (avg: 12%), ROE 15.1% (avg: 14%), current ratio 0.71 (avg: 1.3).