ONEOK Partners GP
ONEOK, Inc. (NYSE: OKE) is a publicly traded integrated midstream energy infrastructure company that gathers, processes, transports, stores, and distributes natural gas liquids, refined products, crude oil, and natural gas for producers, refiners, and industrial customers across multiple U.S. states.
- Company typePublic
- Founded2002
- HeadquartersTulsa, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What ONEOK Partners GP does
ONEOK, Inc. (NYSE: OKE), referenced in the source under the legacy name ONEOK Partners GP, is a Tulsa, Oklahoma-headquartered publicly traded energy infrastructure company operating as an integrated midstream provider. The company runs four core business segments: Natural Gas Liquids (gathering, fractionation, treatment, distribution, and storage of NGL products), Refined Products and Crude (gathering, transport, storage, and distribution of petroleum products including refined products and crude oil, supported by marine storage terminals in Corpus Christi, Galena Park, and Pasadena), Natural Gas Gathering and Processing (midstream services for producers across North Dakota, Montana, Wyoming, New Mexico, Texas, and Oklahoma), and Natural Gas Pipelines (interstate and intrastate transportation and storage services under regulated tariffs).
The underlying technology is capital-intensive physical infrastructure rather than software: owned pipeline networks, fractionation complexes, processing plants, treatment facilities, and storage terminals, complemented by transactional customer portals (Magellan Portal and Medallion Portal) for tariff access and account management. Specialty services include transmix agreements and analytical services for refined product grades (aviation turbine fuel, biodiesel, denatured fuel ethanol, diesel, gasoline).
The business model is built on long-term fee-based contracts, often with take-or-pay commitments, with energy producers, refiners, and industrial customers across the midstream value chain. Pricing is not publicly disclosed; pipeline transportation tariffs are regulated and published. Go-to-market is B2B enterprise field sales supported by customer portals, with investor communications handled through a dedicated IR portal (ir.oneok.com). Q1 2026 results showed a 12% year-over-year increase in net income and a 13% year-over-year increase in adjusted EBITDA, indicating positive operational momentum in the contracted revenue base.
ONEOK Partners GP firmographics
Firmographics- Name
- ONEOK Partners GP
- Legal name
- ONEOK, Inc.
- Website
- https://oneokpartners.com
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- ONEOK, Inc. (NYSE: OKE) is a publicly traded integrated midstream energy infrastructure company that gathers, processes, transports, stores, and distributes natural gas liquids, refined products, crude oil, and natural gas for producers, refiners, and industrial customers across multiple U.S. states.
- Ownership category
- akta.pro rank
ONEOK Partners GP industry classification
Industry- Product category
- Midstream Energy Infrastructure
- NAICS
- Pipeline Transportation of Refined Petroleum Products (486910), Pipeline Transportation of Crude Oil (486110)
- SIC
- Electric, Gas & Sanitary Services (4900), Oil & Gas Field Services, Nec (1389), Pipe Lines (No Natural Gas) (4610)
- akta.pro primary industry
- Gas Pipeline & Midstream Asset Management (EUAEAMAF)
- akta.pro secondary industries
- Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling) (EUAAACAL), Citygate/Hub Optimization & Supply Dispatch (Daily Supply Stack) (EUAJAGAG), NGL / LPG Storage & Terminals (Propane, Butane, Ethane, Y-Grade) (EUALAEAC), Liquid Bulk Storage & Tank Farm Operators (Independent Storage) (TLAHABAM)
Keywords
Where ONEOK Partners GP is headquartered
LocationHeadquarters
- HQ city
- Tulsa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ONEOK Partners GP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Others
Revenue model
- Natural Gas Liquids Services: Revenue generated from gathering, fractionating, treating, distributing and storing natural gas liquids products for producers and customers
- Refined Products and Crude Oil: Gathering, transport, storage and distribution of petroleum products including refined products and crude oil
- Natural Gas Gathering and Processing: Midstream services to natural gas producers in the Williston Basin, Permian Basin, and other regions
- Natural Gas Pipelines: Interstate and intrastate natural gas transportation and storage services on a contracted basis
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise commercial contracts |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
ONEOK Partners GP product offering
Product offeringCore offering
ONEOK owns and operates midstream energy infrastructure providing gathering, processing, fractionation, transportation, distribution, and storage services for natural gas liquids, refined petroleum products, crude oil, and natural gas. The company serves energy producers, refiners, and industrial customers through four integrated business segments spanning major US production basins and pipeline corridors under long-term contracted and regulated fee-based arrangements.
Product overview
ONEOK is a diversified energy company (NYSE: OKE) operating as an integrated midstream energy infrastructure provider. The company operates four core business segments: Natural Gas Liquids (gathering, fractionation, treatment, distribution and storage of NGL products), Refined Products and Crude (gathering, transport, storage and distribution of petroleum products including refined products and crude oil), Natural Gas Gathering and Processing (midstream services for producers across multiple states), and Natural Gas Pipelines (interstate and intrastate transportation and storage). The company also provides customer-facing portals (Magellan Portal and Medallion Portal) for account access, along with specialized services including marine storage facilities and analytical services for petroleum products.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Liquids (NGL)
Quantifiable outcome
- 12% increase in Q1 2026 net income year-over-year
- +1 more outcomes
Companies that use ONEOK Partners GP
Customer profileSegments4 records
Ideal customer profiles3 records
ONEOK Partners GP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ONEOK Partners GP partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
ONEOK Partners GP competitors and assessment
Company assessmentDirect peers
- DT Midstream: Natural gas-focused midstream with gathering, processing, transportation, and storage assets. Smaller scale than ONEOK but directly comparable in business model and contract structure.
- Enterprise Products Partners: One of the largest publicly traded midstream MLPs with a diversified NGL, crude, natural gas, and petrochemical pipeline and storage network. Closest comparable to ONEOK by scale, business mix, and integrated value-chain footprint.
- MPLX: Midstream master limited partnership with crude oil, refined product, and NGL pipelines and terminals. Comparable to ONEOK's Refined Products and Crude segment and NGL logistics business.
- Targa Resources: NGL-focused midstream with gathering, processing, fractionation, and export-related infrastructure. Most direct competitor to ONEOK's NGL segment and a key Gulf Coast NGL competitor.
- Energy Transfer: Diversified midstream operator with overlapping NGL fractionation, crude/liquids pipelines, natural gas gathering and processing, and natural gas pipelines. Operates in many of the same US basins as ONEOK.
- Plains All American Pipeline: Pure-play crude oil midstream with extensive gathering and transportation pipelines and storage. Most directly comparable to ONEOK's Refined Products and Crude segment.
- Kinder Morgan: Largest US natural gas pipeline operator with significant CO2, products, and terminals segments. Direct competitor in natural gas transportation and storage, and in refined product terminals.
- Pembina Pipeline Corporation: Canadian-based midstream with NGL, crude, and natural gas gathering, processing, and transportation assets. Comparable business mix, primarily competing in North American NGL and liquids corridors.
- Williams Companies: Major US natural gas-focused midstream with large-scale gathering and processing and long-haul transmission. Overlaps directly with ONEOK's natural gas gathering and processing and natural gas pipeline segments.
Emerging players
- Crestwood Equity Partners: Midstream operator focused on natural gas and NGL gathering and processing across US basins. Smaller scale with partial overlap to ONEOK's gathering and processing footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ONEOK Partners GP social profiles
Digital presenceONEOK Partners GP financial estimates
Financial estimateRevenue estimate
Valuation estimate
ONEOK Partners GP leadership team
Management profileNumber of profiles
ONEOK Partners GP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ONEOK Partners GP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ONEOK Partners GP
What does ONEOK Partners GP do?
ONEOK owns and operates midstream energy infrastructure providing gathering, processing, fractionation, transportation, distribution, and storage services for natural gas liquids, refined petroleum products, crude oil, and natural gas. The company serves energy producers, refiners, and industrial customers through four integrated business segments spanning major US production basins and pipeline corridors under long-term contracted and regulated fee-based arrangements.
Is ONEOK Partners GP a public or private company?
ONEOK Partners GP is a public company. It is classified as public and is currently operating.
When was ONEOK Partners GP founded?
ONEOK Partners GP was founded in 2002. It employs 1,001 to 5,000 people.
Where is ONEOK Partners GP based?
ONEOK Partners GP is headquartered in Tulsa, United States, in the North America region.
How does ONEOK Partners GP make money?
Four revenue lines are on record. Natural Gas Liquids Services are the primary driver. The others are refined Products and Crude Oil, natural Gas Gathering and Processing and natural Gas Pipelines.
Who are ONEOK Partners GP's main competitors?
Direct peers on record are DT Midstream, Enterprise Products Partners, MPLX, Targa Resources, Energy Transfer, Plains All American Pipeline, Kinder Morgan, Pembina Pipeline Corporation and Williams Companies. Crestwood Equity Partners is listed as an emerging player.
Does ONEOK Partners GP have an API?
No public API is recorded for ONEOK Partners GP.
What industry is ONEOK Partners GP in?
ONEOK Partners GP's product category is Midstream Energy Infrastructure. Its primary akta.pro industry code is EUAEAMAF, Gas Pipeline & Midstream Asset Management, with a secondary code of EUAAACAL, Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling). Its NAICS code is 486910 and its SIC code is 4900.