Last $49.92 USD
Change Today -0.79 / -1.56%
Volume 798.6K
OKE On Other Exchanges
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As of 3:35 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

100 West Fifth Street

Tulsa, OK 74103

United States

Phone: 918-588-7000

Fax:

ONEOK, Inc. operates as a diversified energy company in the United States. ONEOK, Inc. operates as the general partner of ONEOK Partners, L.P. The company focuses on gathering, processing, fractionating, transporting, storing, marketing and distributing natural gas and natural gas liquids (NGLs) through the rebundling of services across the energy value chains, primarily through vertical integration. Segments As of December 31, 2013, the company has operations in the following business segments: ONEOK Partners; Natural Gas Distribution; and Energy Services. ONEOK Partners segment This segment is a diversified master limited partnership involved in the gathering, processing, storage and transportation of natural gas in the United States. In addition, the company owns a natural gas liquids system, which gathers, fractionates, stores and transports NGLs and connects NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. Natural gas gathering and processing business – The company’s natural gas gathering and processing business provides nondiscretionary services to producers that include gathering and processing of natural gas produced from crude oil and natural gas wells. Unprocessed natural gas is compressed and gathered through pipelines to processing facilities where volumes are aggregated, treated and processed to remove water vapor, solids and other contaminants, and to extract NGLs in order to provide marketable natural gas, commonly referred to as residue gas. The residue gas, which consists primarily of methane, is compressed and delivered to natural gas pipelines for transportation to end users. When the NGLs are separated from the unprocessed natural gas at the processing plants, the NGLs are in the form of a mixed, unfractionated NGL stream that is delivered to natural gas liquids gathering pipelines for transportation to natural gas liquids fractionators. The company gathers and processes natural gas in the Mid-Continent region, which includes the NGL-rich Cana-Woodford Shale, Woodford Shale, Granite Wash area and the Mississippian Lime formation of Oklahoma and Kansas, and the Hugoton and Central Kansas Uplift Basins of Kansas. It also gathers and/or processes natural gas in two producing basins in the Rocky Mountain region: the Williston Basin, which spans portions of Montana and North Dakota and includes the oil-producing, NGL-rich Bakken Shale and Three Forks formations; and the Powder River Basin of Wyoming, which includes the NGL-rich Frontier, Turner, Sussex and Niobrara Shale formations. Natural gas liquids business – The company’s natural gas liquids business owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products primarily in Oklahoma, Kansas, Texas and the Rocky Mountain region where it provides nondiscretionary services to producers of NGLs. The company owns or has an ownership interest in Federal Energy Regulatory Commission (FERC)-regulated natural gas liquids gathering and distribution pipelines in Oklahoma, Kansas, Texas, Montana, North Dakota, Wyoming and Colorado, and terminal and storage facilities in Missouri, Nebraska, Iowa and Illinois. The company’s natural gas liquids business also owns FERC-regulated natural gas liquids distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois and Indiana that connect its Mid-Continent assets with Midwest markets, including Chicago, Illinois. The majority of the pipeline-connected natural gas processing plants in Oklahoma, Kansas and the Texas Panhandle, which extract unfractionated NGLs from unprocessed natural gas, are connected to its gathering systems. The company’s natural gas liquids business owns and operates truck- and rail-loading and -unloading facilities that interconnect with its NGL fractionation and pipeline assets. In April 2013, the company’s natural gas liquids business began transporting unfractionated NGLs from natural gas processing plants in the Williston Basin on its Bakken NGL Pipeline. Natural gas pipelines business – The company’s natural gas pipelines business owns and operates reg

 

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OKE Competitors

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Company Last Change
CenterPoint Energy Inc $23.90 USD +0.14
NRG Energy Inc $27.90 USD +0.16
ONEOK Partners LP $40.45 USD -0.60
Sunoco Logistics Partners LP $41.18 USD -0.53
AES Corp/VA $14.22 USD +0.405
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Industry Analysis

OKE

Industry Average

Valuation OKE Industry Range
Price/Earnings 37.1x
Price/Sales 0.7x
Price/Book 16.9x
Price/Cash Flow 14.4x
TEV/Sales 0.0x
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