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OKE vs. TPL: ONEOK vs. Texas Pacific Land Stock Comparison

How do ONEOK (OKE) and Texas Pacific Land (TPL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ONEOK (OKE) and Texas Pacific Land (TPL) both belong to the Oil, Gas & Consumable Fuels industry, though OKE is classified under Oil & Gas Storage & Transportation while TPL falls under Oil & Gas Exploration & Production.

Company profile comparison for ONEOK (OKE) and Texas Pacific Land (TPL)
Profile ItemOKETPL
NameONEOK, Inc.Texas Pacific Land Corporation
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Exploration & Production
Market Capitalization53.71 billion USD18.79 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 1, 1980March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

OKE
TPL
GSPC
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ONEOK (OKE) vs. Texas Pacific Land (TPL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ONEOK (OKE) and Texas Pacific Land (TPL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ONEOK (OKE) and Texas Pacific Land (TPL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
Total Return (1Y)33.00%-14.10%
Total Return (3Y, Annualized)16.19%16.13%
Total Return (5Y, Annualized)11.76%13.42%

Risk Profile

Drawdown History

OKE
TPL
GSPC
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ONEOK (OKE) vs. Texas Pacific Land (TPL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ONEOK (OKE) and Texas Pacific Land (TPL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
Volatility (1Y, Annualized)27.56%49.74%
Beta (5Y)0.790.62
Max Drawdown (5Y)-42.17%-52.50%
Avg. Volume (3M)3.38M380.93K

Risk-Adjusted Performance

Risk-Return Positioning

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OKE and TPL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
Sharpe Ratio (1Y)1.04-0.37
Sortino Ratio (1Y)1.50-0.50

Profitability

ROE (TTM)

Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while ONEOK (OKE) at 15.02% is closer to the peer norm — stronger capital efficiency for TPL.

OKE

Energy industry group

15.02%

Max
53.85%
Q3
24.79%
OKE
15.02%
Median
12.85%
Q1
2.03%
Min
-29.09%

TPL

Energy industry group

37.07%

Max
53.85%
TPL
37.07%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Texas Pacific Land (TPL) at 60.71% converts revenue to bottom-line profit above its industry’s benchmark range, while ONEOK (OKE) at 9.42% keeps roughly the typical share for its industry.

OKE

Energy industry group

9.42%

Max
56.92%
Q3
22.92%
Median
10.10%
OKE
9.42%
Q1
0.07%
Min
-27.38%

TPL

Energy industry group

60.71%

TPL
60.71%
Max
56.92%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while ONEOK (OKE) at 12.71% operates around its industry’s norm.

OKE

Energy industry group

12.71%

Max
71.31%
Q3
33.75%
Median
18.73%
OKE
12.71%
Q1
6.94%
Min
-24.52%

TPL

Energy industry group

76.20%

TPL
76.20%
Max
71.31%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
ROE (TTM)15.02%37.07%
ROA (TTM)5.46%26.08%
Net Margin (TTM)9.42%60.71%
Operating Margin (TTM)12.71%76.20%
Gross Margin (TTM)25.20%94.09%

Growth

Revenue Growth

ONEOK (OKE) at 54.99% clears its industry range for revenue growth, far stronger top-line momentum than Texas Pacific Land (TPL) at 13.09%, which is closer to a typical peer reading.

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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ONEOK (OKE) at 4.84% and Texas Pacific Land (TPL) at 6.04% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
Revenue Growth (YoY)54.99%13.09%
Revenue Growth (3Y CAGR)14.53%6.15%
EPS Growth (YoY)4.84%6.04%
EPS Growth (3Y CAGR)12.17%2.78%

Financial Strength

Current Ratio (MRQ)

Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while ONEOK (OKE) at 0.84 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

OKE

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OKE
0.84
Min
0.24

TPL

Energy industry group

5.41

TPL
5.41
Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower industry quartile, while ONEOK (OKE) at 0.88 runs a more typical debt-to-equity mix.

OKE

Energy industry group

0.88

Max
1.75
Q3
0.93
OKE
0.88
Median
0.54
Q1
0.30
Min
0.00

TPL

Energy industry group

0.01

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TPL
0.01
Min
0.00
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
Current Ratio (MRQ)0.845.41
Debt / Equity (MRQ)0.880.01
Net Debt / EBITDA3.68-0.44

Dividends

Dividend Yield (TTM)

ONEOK (OKE) at 4.96% delivers top-quartile income for its industry, while Texas Pacific Land (TPL) at 0.86% pays a more typical yield — both are credible income propositions, OKE the richer one.

OKE

Energy industry group

4.96%

Max
8.57%
OKE
4.96%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

TPL

Energy industry group

0.86%

Max
8.57%
Q3
3.58%
Median
1.71%
TPL
0.86%
Q1
0.00%
Min
0.00%
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Texas Pacific Land (TPL) at 27.42% pays out a band-typical share of earnings, while ONEOK (OKE) at 65.84% distributes more than its industry norm — less retained, thinner cover.

OKE

Energy industry group

65.84%

Max
133.24%
OKE
65.84%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

TPL

Energy industry group

27.42%

Max
133.24%
Q3
53.31%
TPL
27.42%
Median
25.24%
Q1
0.00%
Min
0.00%
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
Dividend Yield (TTM)4.96%0.86%
Dividend Payout Ratio (TTM)65.84%27.42%

Valuation

P/E Ratio (TTM)

ONEOK (OKE) at 13.23 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL needs stronger growth or earnings quality to justify the premium.

OKE

Energy industry group

13.23

Max
39.54
Q3
21.72
OKE
13.23
Median
12.19
Q1
7.71
Min
2.99

TPL

Energy industry group

32.00

Max
39.54
TPL
32.00
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

ONEOK (OKE) at 1.24 prices around its industry’s typical P/S ratio, while Texas Pacific Land (TPL) at 19.41 clears its benchmark range — TPL looks notably rich on sales.

OKE

Energy industry group

1.24

Max
5.40
Q3
2.85
Median
1.69
OKE
1.24
Q1
0.88
Min
0.00

TPL

Energy industry group

19.41

TPL
19.41
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

ONEOK (OKE) at 2.30 sits near its industry’s typical P/B ratio, while Texas Pacific Land (TPL) at 10.42 prices above its benchmark range — TPL looks rich relative to book.

OKE

Energy industry group

2.30

Max
4.21
Q3
2.38
OKE
2.30
Median
1.51
Q1
1.08
Min
0.01

TPL

Energy industry group

10.42

TPL
10.42
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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ONEOK (OKE) vs. Texas Pacific Land (TPL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for ONEOK (OKE) and Texas Pacific Land (TPL)
MetricOKETPL
P/E Ratio (TTM)13.2332.00
P/S Ratio (TTM)1.2419.41
P/B Ratio (MRQ)2.3010.42
Free Cash Flow Yield (TTM)1.44%0.43%