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OKOKE

ONEOK, Inc.

$OKE·$61B·Oil & Gas Midstream·Energy
$93.07+0.4%YTD+26.2%1Y+27.7%
Price updated 19m ago·X counts updated 3d ago
OKOKE
$OKEONEOK, Inc.
$93.07+0.40%76 posts0.9×
AI analysisFundamentalsVoices on X
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On X

The complete picture of $OKE on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

76X posts · last 7 days
Sep 1Sep 14
Chatter Meter
0.9×
QuietNormal · 1×Loud

How loud $OKE's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data6 posts analyzed · as of 2026-09-07

ONEOK led Merger Monday gainers +3.6%, announcing the $4.425B Brazos Midstream Permian Midland acquisition financed by a $9B Apollo preferred-equity deal at 7%. Bulls celebrate the deal even as one Apollo skeptic side-questions the 'exotic' financing terms. Broadly positive execution story.

Read what X is saying about $OKE

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $OKE — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersAcceleratingAI verdict · as of 2026-09-17

The move is getting stronger, with heavier trading behind it.

ONEOK's $4.4B Brazos deal plus $9B Apollo funding is a full M&A cycle in one week — the midstream compounder story is intact.

ONEOK is a large US natural-gas-and-NGL midstream operator — pipelines, processing, and fractionation across the Permian, Rockies, and Mid-Continent basins. Shares are up 26% YTD as the growth engine reasserts through disciplined M&A.

  • Growth is compounding at scale: Q1 revenue grew 20% YoY to $9.6B at a 15% operating margin — the last three quarterly EPS surprises averaged +1-5%, on a $61B business trading at 16x TTM P/E, cheaper than peer midstream compounders.
  • The deal week landed clean: OKE led Merger Monday with the $4.425B Brazos Midstream Permian Midland acquisition, financed by a $9B Apollo preferred-equity commitment at 7%, plus a fresh $1B ATM program and priced cash tender offers on existing notes — a full capital-structure refresh on top of accretive M&A.

Oct 27 Q3 earnings and any integration timeline detail are the switches — a maintained Permian volume trajectory plus Brazos-synergy commentary is what carries the run, while a natural-gas basis-differential shock or an unexpected regulatory delay is what would seal a cooling. Apollo's 'exotic' 7% preferred financing is real and worth watching over time.

Agrees with X sentimentLine up with the constructive X read — the $4.425B Brazos deal + $9B Apollo preferred at 7% is a real Merger Monday catalyst, and the tape's +3.6% initial move validates the execution story. The 'exotic' financing skeptic voice is a fair honest counter, not a fade of the deal.

What to watch: Oct 27 Q3 earnings for Permian volume trajectory, Brazos integration timeline, and any commentary on Apollo preferred financing. Maintained Permian volumes plus Brazos synergy commentary carries the run; a natural-gas basis shock or regulatory delay confirms the cooling.

On the calendar: 2026-10-27 — Q3 2026 earnings

Read the AI verdict on $OKE

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Major natural gas gathering, processing, storage, and transportation company with infrastructure in the Permian, Williston, and Mid-Continent basins.

Industry overviewAI analysisGenerated by AI from underlying data

Where Oil & Gas Midstream sits in its cycle right now — and what that implies for $OKE.

Oil & Gas Midstream · Energy

LNG export capacity expansion and record Permian gas throughput are the structural demand drivers; fee-based toll models insulate from commodity swings. NFE completed a debt restructuring this week, cutting leverage to $700M—removing a near-term solvency overhang. European winter gas demand uncertainty is a secondary watchpoint for LNG spot pricing.

What this means for $OKE

Direct beneficiary — ONEOK's 17,500-mile gathering pipeline network and NGL fractionation capacity span Permian, Williston, and Mid-Continent basins; fee-based income scales directly with record Permian gas production volumes.

Top industry ETF

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+16.3%YTD
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Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
16.2How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
8.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
20.3%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
3.9%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
1.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
15.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
23.9%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.5Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 3, 2026$1.53$1.46+4.8%
Q1 2026Apr 28, 2026$1.23$1.30-5.4%
Q4 2025Feb 23, 2026$1.55$1.50+3.3%
Q3 2025Oct 28, 2025$1.49$1.44+3.5%
Next earningsTue, Oct 27·consensus EPS $1.45

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$9.6B+19.6%26.7%14.8%$1.23$70.0M
Q4 FY25$9.1B+29.5%29.4%29.7%$1.55$576.0M
Q3 FY25$8.6B+71.9%19.2%18.0%$1.50$820.0M
Q2 FY25$7.9B+61.2%19.5%18.4%$1.34$776.0M

Forward consensus

5-year forecast · up to 7 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$42.7B$37.7B – $48.5B$5.71$5.43 – $5.897
FY27$40.8B$35.2B – $47.6B$6.14$5.65 – $7.027
FY28$41.5B$32.0B – $53.4B$6.88$6.25 – $7.347
FY29$38.1B$31.4B – $46.7B$7.12$5.51 – $9.223
FY30$40.9B$33.8B – $50.2B$7.77$6.02 – $10.065

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.80%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-0.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+8.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 628.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.5% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.725-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

No open-market buys or sells in the last 180 days.

+ 10 other (9 awards · 1 gift) in window

See when $OKE insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

424B5Prospectus supplement (offering)Sep 15424B5
AI summary

ONEOK, Inc. (OKE) filed a 424B5 prospectus supplement covering an at-the-market equity offering program of up to $1,000,000,000 in common stock (par $0.01, NYSE: OKE, last price $96.97 on September 14, 2026). Sales will be made through BofA Securities as agent or principal, with optional forward sale agreements with Bank of America, N.A. as Forward Purchaser. This is a new dilution mechanism on a large-cap midstream operator; proceeds timing depends on actual ATM drawdowns and settlement of any forward contracts.

8-KMaterial agreementSep 158-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD
AI summary

ONEOK, Inc. (OKE) filed an 8-K on September 15, 2026 reporting an amendment to its $1 billion at-the-market equity distribution agreement with BofA Securities and Bank of America, N.A., updating defined terms to reflect ONEOK's post-reorganization corporate structure (ONEOK assumed Legacy ONEOK's obligations). The company also issued a press release announcing early results of a cash tender offer (specific results truncated in excerpt). This filing completes the legal mechanics of ONEOK's ATM program assumption post-reorganization and is paired with the simultaneously filed 424B5 for the $1B ATM facility.

8-KMaterial agreementAug 318-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

ONEOK, Inc. (OKE) disclosed on August 27, 2026 a strategic investment with Apollo Global Management in which Apollo committed to invest up to $9.0 billion in OKE's Medallion Midstream gas gathering and processing system in the Permian Basin over multiple years, structured as preferred equity in a new subsidiary (terms set at each closing). OKE retains majority ownership and operational control of Medallion; Apollo's preferred investment does not constitute a transfer of control. A $9B capital commitment from a major alternative asset manager signals massive confidence in Permian midstream growth; OKE funds future Medallion infrastructure buildout without proportional common equity dilution.

424B5Prospectus supplement (offering)Aug 4424B5
AI summary

OKE filed a 424B5 prospectus supplement offering $1,000,000,000 in notes/securities. This is a live dilutive capital-markets transaction; size and pricing are material.

8-KAcquisition completedAug 38-K — Item 2.01: Acquisition completed · Item 7.01: Press release / Reg FD
AI summary

OKE filed an 8-K (Item 7.01) for a Regulation FD disclosure. A presentation or investor communication is being furnished as an exhibit. Reg FD disclosures are furnished rather than filed and are not typically market-moving on their own, but may contain forward-looking statements or strategy updates.

S-3ASRAuto-shelf registrationJun 18S-3ASR
AI summary

OKE filed a shelf registration statement (S-3ASR) covering $0.01 in securities. This is a primary shelf that may be used for future equity or debt offerings. Shelf registrations are preparatory; actual dilution occurs only when securities are drawn down.

S-3ASRAuto-shelf registrationJun 18S-3ASR
AI summary

OKE filed a shelf registration statement (S-3ASR) covering a disclosed amount in securities. This is a primary shelf that may be used for future equity or debt offerings. Shelf registrations are preparatory; actual dilution occurs only when securities are drawn down.

8-KShareholder voteMay 218-K — Item 5.07: Shareholder vote
+ 19 other (6 S-8 POSs · 2 POSASRs · 2 10-Qs · 2 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Oneok Inc. (OKE) Sees a More Significant Dip Than Broader Market: Some Facts to Knowzacks.com·2d agoONEOK Announces Pricing Terms of Cash Tender Offersglobenewswire.com·2d agoONEOK Announces Early Results of Cash Tender Offersglobenewswire.com·2d agoThese 3 Pipeline Stocks Pay High Yields Without the K-1 Headache247wallst.com·3d agoExport & Power Demand Drive M&A Wave Across Midstreametftrends.com·7d ago

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Voices on X · last 7 days

No standout posts about $OKE on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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