ONEOK, Inc. (OKE) — Free Cash Flow Yield
Energy
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
| Metric | Value |
|---|---|
| FCF Yield | 4.1% |
| Energy Sector Avg FCF Yield | 4.5% |
| Annual Free Cash Flow | $2.4B |
| Market Cap | $59.9B |
| P/E Ratio | 16.4x |
ONEOK, Inc.'s FCF yield of 4.1% is below the Energy sector average (4.5%).
Frequently Asked Questions
What is ONEOK, Inc.'s (OKE) free cash flow yield?
ONEOK, Inc.'s (OKE) free cash flow yield is 4.1%. That is below the Energy sector average (4.5%).
Is OKE's free cash flow yield good?
At 4.1%, OKE's free cash flow yield is considered fair — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does ONEOK, Inc. generate?
ONEOK, Inc. generated $2.4B in free cash flow, against a market cap of $59.9B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →