Oneok (OKE) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Oneok. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Oneok’s most recent SEC filings.
Assumptions
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Frequently asked
What is Oneok's primary business and how does it generate revenue?+
Oneok is a leading midstream service provider in the United States, operating an extensive network of pipelines for natural gas liquids, natural gas, refined products, and crude oil. The company's business model is asset-heavy and primarily fee-based, with approximately 90% of its earnings derived from these stable fees.
What are the main revenue drivers for Oneok's business segments?+
Oneok's revenue is driven by its diverse midstream operations, with Natural Gas Liquids (NGL) contributing approximately 45% of Adjusted EBITDA and Refined Products and Crude contributing around 25%. Natural Gas Gathering and Processing, along with Natural Gas Pipelines, also contribute significantly to the company's earnings through fee-based services.
What are Oneok's capital expenditure plans and what proportion is allocated to growth?+
Oneok has guided capital expenditures between $2.7 billion and $3.2 billion for 2026, with maintenance capex typically ranging from $300 million to $400 million annually. The substantial remainder is allocated to growth capex, funding major projects like the Eiger Express Pipeline and the Texas LPG Export Terminal.
What is the assumed revenue growth rate for Oneok in the financial model?+
The financial model assumes a revenue growth rate of approximately 14.84% for Oneok. This assumption helps project the company's future top-line performance within the forecast horizon of FY2026–FY2030.
What is the primary purpose of the Oneok financial model and what insights does it provide?+
The Oneok financial model serves as a comprehensive tool for equity valuation, cash flow forecasting, and tracking M&A synergies. It helps analysts evaluate the company's ability to fund its dividend, deleverage its balance sheet, and integrate recent transformational acquisitions.
Can I download an Excel financial model for Oneok and what is its forecast horizon?+
Yes, an Excel financial model for Oneok is available for download. This model provides a forecast horizon covering the fiscal years FY2026 through FY2030.
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