ONEOK (NYSE:OKE) Updates FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) issued an update on its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 5.680-5.680 for the period, compared to the consensus earnings per share estimate of 5.720. The company issued revenue guidance of -.

ONEOK Stock Down 3.0%

ONEOK stock opened at $88.05 on Tuesday. The company’s 50-day moving average price is $88.98 and its two-hundred day moving average price is $86.77. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The stock has a market cap of $55.48 billion, a P/E ratio of 15.70, a P/E/G ratio of 4.93 and a beta of 0.73. ONEOK has a twelve month low of $64.02 and a twelve month high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts expect that ONEOK will post 5.63 EPS for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $1.07 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.9%. ONEOK’s payout ratio is 76.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OKE. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Jefferies Financial Group lifted their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada lifted their target price on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Barclays reduced their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and an average price target of $91.81.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported second-quarter earnings of $1.53 per share, above estimates of $1.39-$1.46 and up from $1.34 a year earlier. Revenue reached $12.05 billion, substantially exceeding the $8.95 billion consensus estimate. ONEOK Announces Higher Second-Quarter 2026 Earnings
• Positive Sentiment: Net income increased 13% and adjusted EBITDA rose 7%, supported by record natural-gas-liquids raw-feed throughput. NGL volumes in the Gulf Coast/Permian region grew 15% year over year, indicating strong demand and utilization across ONEOK’s midstream network. ONEOK boosts 2026 forecast
• Positive Sentiment: Management raised its 2026 financial guidance for the second time this year and completed a refined-products pipeline expansion connecting Mid-Continent and Gulf Coast supplies with the Denver market and Denver International Airport. ONEOK second-quarter earnings release
• Neutral Sentiment: ONEOK declared a $1.07-per-share cash dividend payable August 14, with August 3 as the ex-dividend date. The dividend supports income-oriented investors, although shares typically adjust around the ex-dividend date. ONEOK dividend analysis
• Negative Sentiment: The updated 2026 EPS guidance of $5.68 is below one analyst consensus estimate of $5.72, potentially limiting enthusiasm even though it represents an increase from the company’s prior outlook. Investors may also be taking profits after the stock’s strong run toward its 12-month high.

Institutional Trading of ONEOK

Institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT raised its stake in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at approximately $37,000. J.Safra Asset Management Corp bought a new stake in shares of ONEOK during the 4th quarter valued at approximately $37,000. DV Equities LLC bought a new stake in shares of ONEOK during the 4th quarter valued at approximately $64,000. Finally, Loomis Sayles & Co. L P increased its position in ONEOK by 14.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 133 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.