ONEOK stock split: what it means for traders
ONEOK has undertaken several stock splits over its public history, each adjusting the number of shares outstanding and the price per share without changing the company’s underlying value.
ONEOK has carried out several splits over its stock history, most recently in the 2010s. Understanding when and why these splits occurred can help provide context for historical share-price movements, while recognising that a stock split does not, in itself, change a company’s underlying value.
ONEOK live share price
Past performance is not a reliable indicator of future results.
What is a stock split?
A stock split is a corporate action that increases or decreases the number of shares outstanding by dividing existing shares into a new ratio. In a forward split, each share is divided into multiple shares, reducing the price per share proportionally. In a reverse split, multiple shares are combined into one, increasing the price per share.
At the moment a stock split takes effect, a company’s market capitalisation, earnings and underlying business remain unchanged. The adjustment is mechanical: the share count and price are recalculated to reflect the new ratio. You can read a more general explanation of how stock splits work in our glossary guide.
ONEOK’s latest stock split
ONEOK’s most recent stock split took effect on 3 February 2014. The company implemented a forward split with a ratio of approximately 1.142:1, commonly reported as either 11,422-for-10,000 or 5,711-for-5,000. These ratios are mathematically equivalent and represent the same adjustment.
Ahead of the split, ONEOK shares traded at around 68.49 per share. After the split, the price adjusted lower on a split-adjusted basis, with shareholders receiving additional shares in proportion to their existing holdings. As with other forward splits, this adjustment did not change ONEOK’s total market value or the economic interest held by each investor at the time.
Why did ONEOK conduct a share split?
ONEOK’s 2014 stock split followed a period of solid operational and share-price performance. Around this time, the company was repositioning itself as a pure-play midstream business, focusing on natural gas gathering, processing and transportation.
Forward splits are often used to keep a company’s share price within a range that management considers practical for trading and liquidity. In ONEOK’s case, the split was intended to support liquidity and broaden potential participation in the shares, rather than to alter earnings power or intrinsic value per share.
Will ONEOK split again in 2026?
As of 14 January 2026, there has been no public announcement, regulatory filing or formal communication indicating that ONEOK plans another stock split in 2026.
Any future split would depend on decisions by the Board of Directors, prevailing share-price levels and broader strategic considerations. At present, there is no disclosed timetable or stated intention for a stock split during 2026.
ONEOK stock split history
ONEOK has a long history of forward stock splits, with actions dating back to the 1970s. These splits have generally occurred during periods of growth and rising share prices, rather than as part of reverse share consolidations.
| Split date | Split ratio | Type | Notes |
|---|---|---|---|
| 3 February 2014 | 11,422-for-10,000 (≈1.142:1) | Forward | OKE’s most recent split; cumulative effect of all splits is about 13.71:1 versus pre-1978 levels. |
| 4 June 2012 | 2-for-1 | Forward | Doubled the number of shares outstanding. |
| 12 June 2001 | 2-for-1 | Forward | Continued expansion following earlier growth phases. |
| 1 March 1990 | 2-for-1 | Forward | Adjusted share count during a period of rising prices. |
| 17 January 1978 | 3-for-2 (1.5:1) | Forward | First recorded stock split. |
Taken together, these actions mean that one share held before the first split in 1978 would now represent approximately 13.71 shares, after accounting for all subsequent splits.
Latest earnings: ONEOK FY2025 results
For the third quarter of 2025, ONEOK reported net income of around 940m, equivalent to approximately 1.49 per diluted share. Adjusted EBITDA for the quarter was about 2.12bn, both higher than in the same period a year earlier.
Over the first nine months of 2025, results reflected contributions from acquired assets, including EnLink and Medallion, as well as higher natural gas liquids and natural gas volumes in key operating basins. These factors were partly offset by lower realised liquids prices and the impact of asset divestitures completed in the prior year.
Outlook and upcoming developments
ONEOK has reaffirmed its full-year 2025 guidance ranges for net income and adjusted EBITDA, reflecting management’s expectations for its largely fee-based midstream operations.
Looking into 2026, the company is targeting further growth in EBITDA and earnings. This is expected to be supported by higher volumes in the Rocky Mountain and Mid-Continent regions, full-year contributions from recently acquired midstream platforms, and the progression of capital projects designed to expand natural gas and natural gas liquids infrastructure.
Summary – OKE stock splits
- A stock split changes the number of shares and the price per share, but does not affect a company’s underlying value.
- ONEOK’s most recent stock split was a forward split that took effect in February 2014.
- The split followed a period of operational progress and a strategic shift towards pure-play midstream operations.
- There is currently no indication of another ONEOK stock split planned for 2026.
- ONEOK’s long-term split history shows multiple forward splits typically associated with periods of growth, rather than reverse consolidations.
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FAQ
When did ONEOK stock split?
ONEOK has carried out five stock splits over its public history. These took place on 17 January 1978, 1 March 1990, 12 June 2001, 4 June 2012 and 3 February 2014. All were forward splits, meaning they increased the number of shares outstanding while reducing the price per share proportionally. Each split adjusted the share structure mechanically and did not, in itself, change ONEOK’s underlying business or market value.
When did the ONEOK stock split take effect?
ONEOK’s most recent stock split took effect on 3 February 2014. From that trading day onward, shares began trading on a split-adjusted basis, with the revised share count and price reflecting the new ratio. Earlier splits took effect in the same way, applying from their respective effective dates. In each case, the adjustment was technical, recalculating share numbers and prices without altering the company’s market capitalisation at the time.
Did ONEOK have a stock split before?
Yes, ONEOK has a long history of stock splits dating back several decades. The first recorded split was a 3-for-2 forward split on 17 January 1978. This was followed by additional forward splits in 1990, 2001 and 2012, before the most recent action in 2014. Together, these events form part of the company’s historical share structure and help explain longer-term changes in its share count.
How many times has ONEOK stock split?
ONEOK has split its stock a total of five times, based on publicly available split-history records. All five were forward splits rather than reverse splits. When combined, these actions produce a cumulative split effect of approximately 13.71-to-1 compared with the share structure prior to the first split in 1978. This means that one share held before 1978 would now represent around 13.71 shares, after accounting for all subsequent splits.
How much was ONEOK stock after the split?
Around the 2014 stock split, ONEOK shares traded at approximately 68.49 per share before the split. After the split took effect, the price adjusted lower to around 29.69 per share on a split-adjusted basis. This change reflected the mechanical impact of the split ratio rather than a shift in the company’s fundamentals. The company’s overall market value remained broadly unchanged at the point the split occurred.
Why did ONEOK split its stock?
ONEOK’s 2014 stock split followed a period of operational progress and strategic repositioning towards a pure-play midstream business. Like many forward splits, it was intended to keep the share price within a range considered practical for trading and liquidity. Such actions can help broaden potential participation in a company’s shares, but they do not alter earnings, cash flows or intrinsic value per share at the time of the split.
Will ONEOK split again?
As of 14 January 2026, there has been no public announcement, regulatory filing or formal guidance indicating that ONEOK plans another stock split. Any future split would depend on decisions by the Board of Directors, prevailing share-price levels and broader strategic considerations. At present, there is no disclosed timetable or stated intention for another ONEOK stock split.
What was the most recent ONEOK stock split date?
The most recent ONEOK stock split took place on 3 February 2014. It was implemented as an 11,422-for-10,000 split, also reported as 5,711-for-5,000, which is mathematically equivalent to a ratio of about 1.142-for-1. This split followed earlier forward splits in 1978, 1990, 2001 and 2012, which together shaped the company’s current share structure.
Can I trade ONEOK CFDs on Capital.com?
You can trade ONEOK share CFDs on Capital.com, allowing you to speculate on price movements without owning the underlying stock. Contracts for difference (CFDs) are traded on margin – leverage amplifies both profits and losses. Understand how CFDs work and how to use risk-management tools such as take-profit and stop-loss orders before opening a position. Past performance isn’t a reliable indicator of future results.*
*Standard stop-loss orders are not guaranteed. Guaranteed stop-loss orders incur a fee if activated.