OKE is the ticker symbol for ONEOK, Inc., a publicly traded energy company that is headquartered in Tulsa, Oklahoma. ONEOK was founded in 1906 as the Oklahoma Natural Gas Company and has since evolved into a diversified energy company with operations in natural gas, natural gas liquids (NGLs), and crude oil.
ONEOK's business is divided into three main segments: natural gas gathering and processing, natural gas liquids, and crude oil. The natural gas gathering and processing segment is responsible for the gathering, processing, and transportation of natural gas, while the natural gas liquids segment is involved in the gathering, fractionation, storage, and marketing of NGLs. The crude oil segment includes the transportation and storage of crude oil and refined products.
ONEOK's latest market offerings include a variety of energy-related products and services, including natural gas, NGLs, and crude oil. In addition, the company also offers a range of infrastructure solutions, such as pipelines and storage facilities, to support the transportation and distribution of these energy products.
In the latest quarterly results for ONEOK, the company reported revenue of $3.8 billion, an increase of 22% compared to the same period in the previous year. This increase was driven by strong performance in the natural gas liquids segment, which saw an increase in demand for NGLs due to increased production in the shale gas industry. ONEOK's net income for the quarter was $345 million, an increase of 17% compared to the same period in the previous year.
Overall, ONEOK is a well-established energy company with a diverse range of operations in the natural gas, NGLs, and crude oil sectors. The company has a strong financial performance, with consistently increasing revenue and net income in recent quarters. ONEOK's market offerings include a variety of energy products and infrastructure solutions, and the company is well positioned to capitalize on the growing demand for energy in the global market.
Background
ONEOK Inc, located at 100 west 5th st, tulsa, ok, us specializes in the natural gas transmisison & distribution industry. It is currently listed on the exchange NYSE in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market cap of 28,815,124,000 dollars.
If someone had invested $100 in ONEOK Inc 10 years ago, their investment would be worth roughly $313.94 today, according to If You Had Invested
If you had invested...
The stock price is a reflection of the company's performance, market value and for OKE, its stock has been burning. If you had invested $1,000 in ONEOK Inc 1 year ago and held onto your investment until today , here's what would have happened:
Your investment would now be worth roughly $891.02 today.
Financials
If you are looking for a company with a strong dividend yield then ONEOK Inc has a dividend yield of 0.0588 making it a good dividend company to invest in. If you are going to buy some OKE stock for dividends make sure you buy before 2022-10-31
In terms of growth ONEOK Inc has been on the up and up with a Quarterly earnings growth rate of 0.095. At the same time revenue growth has been to the moon with a rate of 0.304.
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