ONEOK (NYSE:OKE) Updates FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.530-5.530 for the period, compared to the consensus earnings per share estimate of 5.700. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several brokerages have commented on OKE. Mizuho set a $89.00 target price on shares of ONEOK in a research report on Monday, February 23rd. Barclays upped their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Morgan Stanley upped their target price on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Jefferies Financial Group upped their target price on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada upped their price objective on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.69.

ONEOK Trading Down 1.4%

Shares of OKE traded down $1.28 during trading hours on Wednesday, reaching $88.51. The stock had a trading volume of 3,691,218 shares, compared to its average volume of 4,886,494. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK has a 52 week low of $64.02 and a 52 week high of $95.30. The firm has a 50-day moving average of $86.95 and a 200 day moving average of $78.11. The company has a market cap of $55.76 billion, a P/E ratio of 16.42, a P/E/G ratio of 6.49 and a beta of 0.84.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.56 billion. During the same quarter in the prior year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts expect that ONEOK will post 5.65 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK’s dividend payout ratio is presently 78.97%.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Q1 operating performance showed strength: ONEOK reported higher volumes across NGL, gas processing and pipeline systems, a 12% increase in net income and a 13% rise in adjusted EBITDA, and management said momentum is building. Reuters: ONEOK raises 2026 profit forecast
• Positive Sentiment: Management raised 2026 financial guidance (net income, EPS and adjusted EBITDA) and completed relocation of a 150 MMcf/d gas-processing plant to the Permian, which should support volumes and cash flow going forward. GlobeNewswire: ONEOK Q1 results and guidance
• Positive Sentiment: Analyst modeling nudges: US Capital Advisors slightly raised its FY2028 EPS projection for ONEOK, a minor vote of confidence in longer-term earnings power. MarketBeat: Analyst note (US Capital Advisors)
• Neutral Sentiment: Dividend timing: ONEOK will trade ex-dividend in a few days — important to income-focused investors but neutral for longer-term fundamental valuation. Yahoo Finance: Ex-dividend reminder
• Neutral Sentiment: Investor call/transcript available — management emphasized strong Q1 performance and raised guidance; read the transcript for management commentary on volumes, capital allocation and execution. Fool: Q1 2026 earnings transcript
• Negative Sentiment: Mixed earnings metrics created confusion: some outlets flagged an EPS miss versus certain consensus figures (reported GAAP/adjusted EPS comparisons vary by source), and company EPS guidance of $5.53 for FY2026 is below several analyst consensus figures — a focal point for sellers. MarketBeat: Q1 results and guidance
• Negative Sentiment: Market reaction: trading volume was below average and the stock moved down as investors digested the gap between stronger operational results and the guidance/consensus disconnect. Reuters: Market reaction context

Hedge Funds Weigh In On ONEOK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hoxton Planning & Management LLC boosted its stake in ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 120 shares during the period. Loomis Sayles & Co. L P boosted its stake in ONEOK by 14.8% in 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 during the period. Empowered Funds LLC boosted its stake in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of ONEOK by 1.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 11,747 shares of the utilities provider’s stock worth $867,000 after buying an additional 138 shares during the last quarter. Finally, Zions Bancorporation National Association UT boosted its stake in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

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.