ONEOK (NYSE:OKE) Updates FY 2026 Earnings Guidance

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

ONEOK Trading Down 0.8%

OKE stock opened at $87.51 on Wednesday. The firm has a fifty day moving average price of $88.91 and a 200 day moving average price of $86.86. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market cap of $55.14 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 4.79 and a beta of 0.73.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.53%. The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same quarter last year, the business earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts anticipate that ONEOK will post 5.63 earnings per share for the current fiscal year.

ONEOK Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on OKE. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. TD Cowen increased their target price on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group lifted their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Finally, Truist Financial increased their price objective on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.81.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in ONEOK by 1.7% in the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock worth $2,826,118,000 after acquiring an additional 648,647 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ONEOK by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock valued at $1,663,637,000 after purchasing an additional 599,248 shares during the period. Invesco Ltd. grew its stake in ONEOK by 4.1% in the fourth quarter. Invesco Ltd. now owns 9,284,911 shares of the utilities provider’s stock worth $682,441,000 after purchasing an additional 365,813 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in ONEOK by 9.3% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 5,781,533 shares of the utilities provider’s stock worth $424,943,000 after purchasing an additional 491,950 shares during the period. Finally, Nuveen LLC raised its position in ONEOK by 17.8% during the 4th quarter. Nuveen LLC now owns 4,868,076 shares of the utilities provider’s stock valued at $357,804,000 after purchasing an additional 736,647 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Company Profile

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.