Key Takeaways ONEOK benefits from 88% fee-based 2024 earnings and expects over 90% of 2025 revenue to be fee-based. OKE's capex supports organic growth in high-production areas, enhancing services for energy producers. NGL and processing volumes have grown annually by 20% and 10%, strengthening ONEOK's regional position.ONEOK Inc. (OKE) continues to benefit from increased fee-based earnings and capital expenditures. Its expansion efforts and pipeline additions are intended to strengthen its position in hi ...