ONEOK, Inc. (OKE)

In the past six months, ONEOK's stock price has fluctuated, closing at $80.38 on July 21, 2025. Key events include earnings reports with increased net income and adjusted EBITDA, acquisitions and strategic investments such as the EnLink Midstream acquisition and a joint venture for a new LPG export terminal, and increased quarterly dividends and share repurchases.

Demand for ONEOK's products and services is influenced by seasonal weather patterns. Cold temperatures increase demand for natural gas and propane, while warm temperatures increase demand for natural gas used in electricity generation and agriculture. Demand for butanes and natural gasoline is also subject to seasonality, and ONEOK utilizes storage facilities to capture seasonal price variances.

ONEOK, Inc. is an energy company focused on midstream services, including gathering, processing, storage, and transportation of natural gas, NGLs, refined products, and crude oil. Its services connect energy supply basins with market centers, offering NGL services, natural gas gathering and processing, natural gas pipelines, and refined products and crude oil services.

ONEOK's infrastructure spans approximately 60,000 miles across major U.S. shale basins and demand centers. Operations are concentrated in the Rocky Mountain, Mid-Continent, Permian Basin, and Gulf Coast regions, with connectivity to Canada.

ONEOK maintains a strong brand reputation, demonstrated by its MSCI ESG Rating of AAA and a high ESG Risk Rating from Morningstar Sustainalytics. The company published its 16th annual Corporate Sustainability Report in 2024.

ONEOK has a diverse ownership structure, with approximately 72.91% held by institutional shareholders, 26.20% by retail investors, and 0.89% by insiders. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and State Street Corp.