ONEOK (NYSE:OKE) Updates 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 Analysts Forecast Growth

Several analysts recently commented on OKE shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $72.00 target price on shares of ONEOK in a report on Monday, November 3rd. Citigroup lowered their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. UBS Group dropped their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Scotiabank reaffirmed an “outperform” rating and set a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Finally, Jefferies Financial Group started coverage on shares of ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and a consensus target price of $86.27.

ONEOK Price Performance

ONEOK stock opened at $87.53 on Tuesday. The stock has a market capitalization of $55.08 billion, a P/E ratio of 16.09, a P/E/G ratio of 4.90 and a beta of 0.96. The company’s fifty day moving average price is $77.29 and its 200 day moving average price is $73.73. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. ONEOK has a 1 year low of $64.02 and a 1 year high of $103.64.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period in the prior year, the business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities research analysts anticipate that ONEOK will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid 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 4.9%. ONEOK’s dividend payout ratio (DPR) is presently 78.68%.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Q4 EPS beat consensus ($1.55 vs. $1.50) and revenue roughly in line/above some estimates; this topline and earnings outperformance is the main near‑term catalyst supporting the stock. Oneok: Q4 Earnings Snapshot
• Positive Sentiment: ONEOK reported full‑year 2025 net income up ~11% and adjusted EBITDA up ~18%, highlighting stronger free cash flow potential and dividend coverage for investors focused on yield. ONEOK Announces Higher Full-Year 2025 Earnings
• Positive Sentiment: Market response: coverage notes the shares moved up post‑report and were included/recognized across indexes after the earnings beat, which can attract inflows. ONEOK Rises After Earnings Beat in S&P 500 Indices
• Neutral Sentiment: Analysts and outlets are revisiting valuation after a recent rally; some view OKE as still attractively valued given a ~4.9% yield narrative, while others flag one‑year underperformance as a caution. These takes influence medium‑term sentiment but not immediate fundamentals. Is It Time To Reassess ONEOK (OKE)…
• Neutral Sentiment: Dividend/yield stories (e.g., coverage highlighting a ~4.9% yield) keep income investors interested; these narratives can support multiple expansion over time but are not an immediate directional driver. This 4.9%-Yield Oil Pipeline Stock Is up 18% in 2026
• Negative Sentiment: FY‑2026 EPS guidance range (5.040–5.870) was provided below the consensus midpoint (~5.83), which tempers upside and is likely why some investors trimmed positions despite the beat. ONEOK Press Release / Slide Deck (guidance)
• Negative Sentiment: Management flagged that a 2024 divestiture of an interstate pipeline network reduced natural gas transportation earnings, contributing to a drop in segment profit and explaining some of the quarter’s mixed signals. That structural change adds near‑term volatility to segment results. ONEOK quarterly profit falls as pipeline divestiture impacts gas segment earnings

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its holdings in shares of 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 buying an additional 143 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in ONEOK during the fourth quarter worth about $37,000. J.Safra Asset Management Corp acquired a new position in ONEOK during the fourth quarter worth about $37,000. DV Equities LLC purchased a new stake in ONEOK during the 4th quarter valued at about $64,000. Finally, Loomis Sayles & Co. L P raised its holdings 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 valued at $76,000 after acquiring an additional 133 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.