ONEOK: Deleveraging, Declining CapEx, And A Clear Path To Rerating
ONEOK is a Buy, with depressed valuations and a clear path to deleveraging and declining capital intensity supporting a compelling total return thesis. OKE's solid dividend, covered at ~77% of free cash flow, provides downside protection as risk perception normalizes and cash flows strengthen. Management targets a ~3.5x leverage ratio by end-2026, requiring modest EBITDA growth and capex normalization, with operational leverage from recent project completions.
ONEOK: High Yield And Firing Up Buybacks, A Winning Combination For Income Investors
ONEOK trades below historical valuation at 9.17x forward EV/EBITDA, with fair value estimated at $85 per share and further upside potential. OKE's CapEx is set to trend down, while dividend growth (3%-4% annually) and a $2B buyback authorization enhance total return prospects. Risks include oil segment volatility and refinancing needs, but leverage is expected to decline to 3.5x by end of 2026.
ONEOK: Buying Aggressive Consolidation Amid AI Demand
ONEOK continues the integration of acquired assets, the results of which will determine the company's future performance. OKE's organic growth projects and export terminal expansion position it to capture U.S. LNG export growth and deliver up to $450M in annual synergies. The article analyzes the economic market conjuncture, which helps identify growth drivers.
ONEOK, Inc. (OKE) Presents at 2025 Wells Fargo 24th Annual Energy and Power Symposium Transcript
ONEOK, Inc. (OKE) Presents at 2025 Wells Fargo 24th Annual Energy and Power Symposium Transcript
What Is The Market Missing About ONEOK Stock?
ONEOK (OKE) is a major U.S. midstream operator, moving and processing natural gas liquids through a large, fee-based pipeline network that delivers steady cash flow. Despite its scale and stability, the stock hasn't kept pace, creating a potential disconnect between performance and valuation.
Is Oneok (OKE) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
ONEOK: A Midstream Titan With A Booming Footprint And Cost Synergies Potential
ONEOK offers a compelling investment with a 6.1% dividend yield, robust growth drivers, and a vast North American energy infrastructure network. OKE's recent acquisitions and strategic projects are expected to deliver significant synergies, supporting double-digit operating cash flow growth through 2027. Risks include potential merger integration challenges and counterparty risk in a prolonged energy downturn, but OKE's valuation compensates for these concerns.
OneOK: Why It Dropped, And Why Now Is The Time To Buy
OneOK has badly underperformed peers, dropping 28% YTD, but recent operational and valuation challenges appear priced in. OKE's decline was driven by uninspiring results, elevated CapEx, and tax-loss selling, but Q3 showed improving fundamentals and positive management commentary. Management guided for declining CapEx, improved leverage, and additional merger synergies, we should support a recovery in cash flow and shareholder returns.
Could ONEOK Stock Rally?
ONEOK (OKE) has recently drawn investor interest as energy infrastructure names regain momentum amid stable oil prices and rising U.S. natural gas demand. The company has strengthened its balance sheet, expanded its pipeline and processing footprint, and reaffirmed solid 2025 guidance—all while its stock remains well below prior highs.
The More My Top Infrastructure Pick Drops, The More I Buy: ONEOK
Oneok is now my top infrastructure pick after the stock has dropped significantly recently. I give a review of its recently reported results, which came in strong with headline adjusted EBITDA up 7%. I also detail its strengths and risks to explain why I am buying shares aggressively right now.
ONEOK: Get Ready For A Stronger Rally
ONEOK is rated a "Buy," supported by strong Q3 2025 results, strategic acquisitions, and robust infrastructure expansion in key energy regions. OKE's diversified revenue streams, focus on fee-based income, and aggressive asset growth position it to benefit from rising energy and AI-driven. Despite elevated net debt from acquisitions, management targets a 3.5x leverage ratio by the end of 2026, aided by EBITDA growth.
Compared to Estimates, Oneok (OKE) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Oneok (OKE) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
