ONEOK (OKE) Rides on Midstream Assets & Fee-Based Earnings

ONEOK Inc. (OKE) stands to benefit from higher fee-based earnings and midstream assets located in productive regions. The company also continues to gain from a diverse customer base. However, this Zacks Rank #2 (Buy) company faces risks related to intense competition in the pipeline business. Tailwinds With production volumes resuming normalcy, ONEOK is poised to benefit from long-term fee-based commitments in each of its three segments. More than 86% of OKE's 2023 earnings were fee-based, and it expects mo ...