Energy Transfer (ET) vs ONEOK (OKE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Energy Transfer is the larger company by market cap ($70.28 billion vs $56.61 billion), about 1.2 times the size, while ONEOK is growing revenue faster (+55.0% vs +3.5%). On valuation, Energy Transfer trades at a lower forward P/E (11.7x vs 14.4x for ONEOK). Energy Transfer offers the higher dividend yield (6.59% vs 4.72%).
ONEOK converts more of its revenue into profit, with a net margin of 10.1% versus 5.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ET | OKE |
|---|---|---|
| Share price | $20.41 | $89.80 |
| Market cap | $70.28B | $56.61B |
| 1-day change | -1.02% | -0.54% |
| YTD return | — | +22.18% |
| 1-year return | — | +26.04% |
| 5-year return | — | +37.90% |
| P/E ratio (TTM) | 13.98 | 15.59 |
| Forward P/E | 11.70 | 14.39 |
| EPS (TTM) | $1.46 | $5.76 |
| Dividend yield | 6.59% | 4.72% |
| Annual dividend | $1.35 | $4.24 |
| Revenue (latest FY) | $85.54B | $33.63B |
| Revenue growth (YoY) | +3.47% | +54.99% |
| Net income (latest FY) | $4.43B | $3.39B |
| Gross margin | 25.77% | 30.50% |
| Operating margin | 10.55% | 17.07% |
| Net margin | 5.18% | 10.09% |
| 52-week high | $21.84 | $99.85 |
| 52-week low | $16.18 | $64.02 |
| Distance from 52-week high | -6.55% | -10.07% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +21.22% | +12.69% |
| Average volume | 8.87M | 3.66M |
| Shares outstanding | 3.44B | 630.41M |
| Employees | 22,311 | 6,326 |
| Sector | Energy | Utilities |
| Industry | Oil & Gas Midstream | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Energy Transfer offers a meaningfully higher dividend yield (6.59% vs 4.72%).
- ONEOK grew revenue faster in its latest fiscal year (+54.99% vs +3.47%).
- The two companies sit in different sectors: Energy Transfer in Energy and ONEOK in Utilities.
About Energy Transfer
ET stock →Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments.
Energy · Oil & Gas Midstream · 22,311 employees
About ONEOK
OKE stock →ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Utilities · Oil & Gas Production · 6,326 employees
ET vs OKE FAQ
Which is bigger, Energy Transfer or ONEOK?
Energy Transfer (ET) is larger, with a market capitalization of $70.28B compared with $56.61B for ONEOK (OKE).
Which has the lower P/E ratio, ET or OKE?
ET has the lower trailing P/E at 14.0, versus 15.6 for OKE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Energy Transfer or ONEOK?
Energy Transfer has the higher yield at 6.59%, compared with 4.72% for ONEOK.
Are Energy Transfer and ONEOK in the same industry?
No. Energy Transfer is in the Energy sector, while ONEOK is in Utilities.