11 Best High Yield Energy Stocks to Buy Now

4. ONEOK, Inc. (NYSE:OKE)

Dividend Yield as of November 1: 6.15%

Next on our list of the Best Energy Dividend Stocks is ONEOK, Inc. (NYSE:OKE), one of the largest diversified energy infrastructure companies in the US, owning and operating an extensive network of NGLs, natural gas, refined products, and crude oil assets.

ONEOK, Inc. (NYSE:OKE) reported a significant growth in revenue profits in its third quarter report on October 28, with the company’s net income increasing by over 36% YoY on the back of robust volumes in the Rocky Mountain region as well as the impact of a series of acquisitions. Moreover, OKE managed to beat forecasts in both earnings and revenue.

ONEOK, Inc. (NYSE:OKE) has significantly expanded its operations through a series of acquisitions over the last two years, including a Gulf Coast NGL pipeline system from Easton Energy, as well as Medallion Midstream and EnLink Midstream. By the end of this year, the company expects to realize nearly $500 million of synergies since closing its Magellan acquisition in September 2023, far exceeding its original estimates.

In Q3, ONEOK, Inc. (NYSE:OKE) repurchased 611,237 shares of common stock for $45 million under its $2 billion share repurchase program. Moreover, the company retired more than $500 million in senior notes through a combination of scheduled maturities and repurchases. OKE also declared a quarterly dividend of $1.03 per share in October.