ONEOK Inc

OKE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$32.00	Nkxfc	Syvtvzps

Increasing Oneok's Fair Value Estimate to $61 Per Share After Adding Medford Settlement and Higher Volumes

Stephen Ellis

Mar 2, 2023

After looking deeper at Oneok's fourth-quarter results, we are increasing our fair value estimate to $61 per share from $58. The Medford settlement accounted for a bit more than $1 per share of that increase, while modestly higher volumes at Oneok's gathering and processing operations accounted for the remainder.

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