In April, ONEOK experienced an 12% decline in its share price. This drop coincided with significant market volatility sparked by President Trump's announcement of sweeping tariffs, leading to a broad market sell-off. The Dow fell 5.5%, S&P 500 dropped 6%, and the Nasdaq entered bear market territory, which exerted pressure on various sectors, including energy. ONEOK, an energy infrastructure company, was not immune to these broader economic uncertainties, as worries over global trade impacts and potential decreases in demand for energy weighed heavily on investor sentiment, contributing to the stock's decline.

Buy, Hold or Sell ONEOK? View our complete analysis and fair value estimate and you decide.

AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

Over the past five years, ONEOK's total shareholder return reached a remarkable 302.94%, underscoring a robust performance relative to the broader market trends. This growth trajectory has been supported by strategic expansions, including notable acquisitions in key regions like the Permian Basin and Louisiana, enhancing their market connectivity. ONEOK's operational scale now includes a 60,000-mile pipeline network, which has helped improve resilience and fuel revenue expansion.

In addition to organic growth initiatives, ONEOK's commitment to shareholder returns is evident through continued dividend enhancements and a successful buyback program, repurchasing shares worth US$171.7 million recently. Furthermore, the partnership with MPLX LP to develop a large-scale LPG export terminal highlights a forward-looking approach. However, the increases in investments and debt borrowing, exemplified by an upsized revolving credit facility to US$3.5 billion, reflect significant capital commitments necessary for sustaining future growth.

Review our historical performance report to gain insights into ONEOK's track record.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NYSE:OKE.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com