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OKE vs WES
Which Stock Would AI Choose? ONEOK (OKE) vs. Western Midstream Partners (WES) Stock Comparison
Key Takeaways
- ONEOK (OKE) reported robust Q1 2026 results with net income of $776 million, up 12% year-over-year, and raised full-year guidance, driving YTD stock gains of approximately 25%.
- Western Midstream Partners (WES) offers a higher dividend yield around 8.8%, supported by recent distribution increases to $3.72 annualized.
- OKE boasts a larger market cap of $57 billion versus WES's $17 billion, reflecting broader scale in midstream operations.
- Both stocks operate in natural gas midstream but OKE shows stronger recent momentum amid volume growth, while WES emphasizes high-yield income stability.
- Analyst targets suggest modest upside for both, with OKE at $95 average and WES at $42.
- Recent market activity highlights OKE's earnings-driven sentiment shift versus WES's steady payout growth.
Introduction
ONEOK (OKE) and Western Midstream Partners (WES) are prominent players in the U.S. midstream energy sector, focusing on natural gas gathering, processing, and transportation. This comparison analyzes their recent performance, financial metrics, and market positioning to aid investors seeking income, growth, or relative value in energy infrastructure. Traders monitoring sector rotation or dividend strategies, as well as long-term holders evaluating stability amid fluctuating commodity prices, may find insights into their contrasting profiles valuable in today's market environment.
OKE Overview and Recent Performance
ONEOK (OKE), headquartered in Tulsa, Oklahoma, provides midstream services including natural gas gathering and processing, natural gas liquids (NGLs) fractionation, and pipeline transportation across key basins like the Permian and Mid-Continent. In recent weeks, OKE shares have traded around $90, with a 52-week range of $64 to $95 and YTD gains near 25%. Strong Q1 2026 results featured net income of $776 million (up 12% YoY) and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of nearly $2 billion (up 13%), fueled by higher volumes and fractionation margins. The company raised 2026 net income guidance to $3.21–$3.79 billion, boosting sentiment amid ongoing capital projects in NGL infrastructure. Price behavior reflects positive momentum from these catalysts, with a forward dividend yield of 4.7% and PE ratio around 16.
WES Overview and Recent Performance
Western Midstream Partners (WES), based in The Woodlands, Texas, specializes in natural gas gathering, processing, and crude oil transportation, primarily in the Permian, Eagle Ford, and Rocky Mountain regions. Shares have hovered near $42 in recent market activity, within a 52-week range of $35 to $45, posting YTD returns of about 12%. The partnership recently declared a Q1 2026 distribution of $0.93 per unit (annualized $3.72, up 2.2%), supporting an 8.8% yield that attracts income-focused investors. Guidance for 2026 adjusted EBITDA targets $2.5–$2.7 billion, with emphasis on volume growth from acquired assets and reduced capex. Sentiment remains steady, underpinned by long-term contracts, though shares have shown milder momentum compared to peers amid broader energy sector pressures; PE stands at 14.
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Head-to-Head Comparison
Both OKE and WES thrive in natural gas midstream, leveraging fee-based contracts for stability, but differ in scale and focus. OKE's diversified model spans NGLs, refined products, and extensive pipelines, driving growth via Permian expansions, while WES concentrates on gathering/processing with water services, benefiting from Occidental Petroleum ties. Recent momentum favors OKE with superior YTD performance and earnings beats, versus WES's higher yield but slower price appreciation. Risk factors include commodity sensitivity for both, though WES's MLP structure (master limited partnership) offers tax-deferred distributions at potential K-1 complexity cost. Sector exposure aligns closely, yet OKE edges in market sentiment from guidance upgrades.
Tickeron AI Verdict
Tickeron's AI models currently lean toward OKE for its consistent upward trend, recent earnings catalysts, and relative stability in recent market activity. Factors like raised 2026 guidance and volume-driven momentum position it favorably over WES's yield appeal, though the latter suits income priorities. This probabilistic edge reflects observable data rather than guarantees.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is OKE is a Hold and WES is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
OKE’s FA Score shows that 2 FA rating(s) are green whileWES’s FA Score has 4 green FA rating(s).
- OKE’s FA Score: 2 green, 3 red.
- WES’s FA Score: 4 green, 1 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
OKE’s TA Score shows that 5 TA indicator(s) are bullish while WES’s TA Score has 5 bullish TA indicator(s).
- OKE’s TA Score: 5 bullish, 5 bearish.
- WES’s TA Score: 5 bullish, 4 bearish.
Price Growth
OKE (@Oil & Gas Pipelines) experienced а +8.41% price change this week, while WES (@Oil & Gas Pipelines) price change was +5.84% for the same time period.
The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was +2.32%. For the same industry, the average monthly price growth was +6.09%, and the average quarterly price growth was +29.42%.
Reported Earning Dates
OKE is expected to report earnings on Aug 10, 2026.
WES is expected to report earnings on Aug 12, 2026.
Industries' Descriptions
@Oil & Gas Pipelines (+2.32% weekly)Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.
| OKE | WES | OKE / WES | |
| Capitalization | 58.2B | 18.1B | 322% |
| EBITDA | 7.92B | 2.41B | 329% |
| Gain YTD | 28.852 | 21.751 | 133% |
| P/E Ratio | 16.46 | 15.14 | 109% |
| Revenue | 35.2B | 4.05B | 869% |
| Total Cash | 172M | 647M | 27% |
| Total Debt | 33.7B | 8.71B | 387% |
OKE | WES | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 23 | 26 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 18 Undervalued | 2 Undervalued | |
PROFIT vs RISK RATING 1..100 | 42 | 3 | |
SMR RATING 1..100 | 53 | 26 | |
PRICE GROWTH RATING 1..100 | 26 | 43 | |
P/E GROWTH RATING 1..100 | 50 | 24 | |
SEASONALITY SCORE 1..100 | 49 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
WES's Valuation (2) in the Oil Refining Or Marketing industry is in the same range as OKE (18) in the Oil And Gas Pipelines industry. This means that WES’s stock grew similarly to OKE’s over the last 12 months.
WES's Profit vs Risk Rating (3) in the Oil Refining Or Marketing industry is somewhat better than the same rating for OKE (42) in the Oil And Gas Pipelines industry. This means that WES’s stock grew somewhat faster than OKE’s over the last 12 months.
WES's SMR Rating (26) in the Oil Refining Or Marketing industry is in the same range as OKE (53) in the Oil And Gas Pipelines industry. This means that WES’s stock grew similarly to OKE’s over the last 12 months.
OKE's Price Growth Rating (26) in the Oil And Gas Pipelines industry is in the same range as WES (43) in the Oil Refining Or Marketing industry. This means that OKE’s stock grew similarly to WES’s over the last 12 months.
WES's P/E Growth Rating (24) in the Oil Refining Or Marketing industry is in the same range as OKE (50) in the Oil And Gas Pipelines industry. This means that WES’s stock grew similarly to OKE’s over the last 12 months.
| OKE | WES | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 44% | 2 days ago 71% |
| Stochastic ODDS (%) | 2 days ago 56% | 2 days ago 53% |
| Momentum ODDS (%) | 2 days ago 67% | 2 days ago 76% |
| MACD ODDS (%) | 2 days ago 67% | 2 days ago 68% |
| TrendWeek ODDS (%) | 2 days ago 64% | 2 days ago 65% |
| TrendMonth ODDS (%) | 2 days ago 65% | 2 days ago 63% |
| Advances ODDS (%) | 2 days ago 64% | 2 days ago 65% |
| Declines ODDS (%) | 11 days ago 52% | N/A |
| BollingerBands ODDS (%) | 2 days ago 49% | 2 days ago 58% |
| Aroon ODDS (%) | 2 days ago 63% | 2 days ago 52% |
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OKE and
Correlation & Price change
A.I.dvisor indicates that over the last year, OKE has been closely correlated with TRGP. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if OKE jumps, then TRGP could also see price increases.
WES and
Correlation & Price change
A.I.dvisor indicates that over the last year, WES has been loosely correlated with OKE. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if WES jumps, then OKE could also see price increases.
| Ticker / NAME | Correlation To WES | 1D Price Change % | ||
|---|---|---|---|---|
| WES | 100% | +0.35% | ||
| OKE - WES | 53% Loosely correlated | +1.42% | ||
| PAA - WES | 53% Loosely correlated | +1.91% | ||
| TRGP - WES | 51% Loosely correlated | +1.69% | ||
| ET - WES | 51% Loosely correlated | -1.03% | ||
| PAGP - WES | 51% Loosely correlated | +1.82% | ||
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