ONEOK (OKE) — 5% Dividend, 90% Fee-Based Cashflow & Eiger Express | Pipeline Stocks #04

Описание: 📊 Pipeline Stocks Series 2025 – Part 4: ONEOK (NYSE:OKE) Deep Dive

ONEOK is one of the largest US midstream operators — 90%+ fee-based revenue, 50+ years of dividends, and a clear gas/NGL growth runway.

🎯 What's covered:
✅ 5% dividend yield, 50+ years of payments
✅ 90% fee-based revenue → cashflow is independent of oil price
✅ EPS growth above 15% expected for 2026
✅ Net Debt/EBITDA target ~3.5× by 2026
✅ Eiger Express JV (2.5 Bcf/day to US Gulf Coast)
✅ Full 2025 fundamentals + valuation

📊 ONEOK 2025 Fundamentals:
• Revenue (LTM): ~$28B
• EBITDA (LTM): ~$6.8B
• EPS (LTM): ~$5.10
• P/E: ~15 (Forward ~13.5)
• Net Debt/EBITDA: ~3.8×
• Operating cashflow: ~$5.7–6.0B
• Dividend payments: ~$3.8B → clearly covered

💡 Income story:
• ~5% current yield
• Stable for 50+ years
• Recent dividend hikes back on the table
• EPS growth above 15% in 2026 → dividend growth continues

📂 Pipeline Series 2025:
Part 1: Pembina Pipeline
Part 2: TC Energy
Part 3: Enbridge
Part 4: ONEOK (this video)
Part 5: Kinder Morgan

🛠️ My Tools & Recommendations (Affiliate*)

🔎 InvestingPro — Deep fundamental analysis:
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💰 Coupon Code: mbcapitalglobal

🌳 Debitum — Alternative fixed-income investing:
👉 https://debituminvestments.pxf.io/vDzqgy

🧰 MB Capital Strategies Global Toolbox:
👉 https://mbcapitalstrategiesgloabal.com

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⚠️ Disclaimer: Not financial advice. Personal opinion & strategy.
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