ONEOK: While AI Stocks Plummet, This Giant Grows (Q4 Earnings Review)

ONEOK operates 60,000 miles of pipeline with 90% fee-based earnings, making it one of the most AI-disruption-proof infrastructure plays in the current market rotation. The Williston Basin GOR has doubled since 2016 — throughput grows even when drilling doesn’t. ONEOK’s Rocky Mountain volumes rose 15% in 2025 with no new rig count needed.


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Source: https://seekingalpha.com/article/4873852-oneok-while-ai-stoc…