ONEOK (NYSE:OKE) Issues FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share guidance of 5.040-5.870 for the period, compared to the consensus earnings per share estimate of 5.830. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OKE shares. Wells Fargo & Company lowered their target price on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Citigroup lowered their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Jefferies Financial Group began coverage on ONEOK in a research note on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price for the company. Finally, Barclays reduced their price target on ONEOK from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.27.

ONEOK Stock Performance

Shares of OKE stock opened at $82.89 on Wednesday. The stock has a fifty day moving average price of $77.52 and a 200 day moving average price of $73.79. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. The stock has a market cap of $52.16 billion, a PE ratio of 15.29, a P/E/G ratio of 4.90 and a beta of 0.96. ONEOK has a 1 year low of $64.02 and a 1 year high of $103.64.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.38% and a net margin of 10.09%.The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts forecast that ONEOK will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.2%. ONEOK’s payout ratio is 78.97%.

Institutional Investors Weigh In On ONEOK

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its position in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of ONEOK by 0.8% during 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 last quarter. Acadian Asset Management LLC acquired a new stake in shares of ONEOK during the 1st quarter worth about $216,000. Federated Hermes Inc. grew its holdings in shares of ONEOK by 14.0% during the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after buying an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of ONEOK by 3.9% in the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after buying an additional 4,902 shares during the last quarter. Institutional investors and hedge funds 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.