Oneok, Inc., a major player in the American natural gas distribution sector, has received a buy rating from UBS.

The company's revenue is primarily generated through the production, processing, and distribution of liquefied natural gas, which accounts for 71.5% of its sales. Natural gas production and processing contribute 20.1% to sales, while the transportation, storage, and distribution of refined petroleum products and crude oil contribute 5.3%. The remaining 3.1% comes from the transportation, storage, and transmission of natural gas.

As of the end of 2023, Oneok operates an extensive network of 10,621.7 kilometers of gas pipelines and six underground storage facilities with a total capacity of 1.6 billion cubic meters of natural gas. This infrastructure positions Oneok as a key player in the energy market, enabling it to meet the increasing demand for natural gas and related services.