ONEOK (NYSE:OKE) Releases Quarterly Earnings Results, Beats Expectations By $0.63 EPS

ONEOK (NYSE:OKE) posted its quarterly earnings data on Tuesday. The utilities provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.50 by $0.63, Zacks reports. The company had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same quarter last year, the company earned $1.49 earnings per share.

ONEOK Stock Performance

OKE opened at $95.84 on Wednesday. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The firm’s fifty day moving average is $92.88 and its 200 day moving average is $88.24. The stock has a market cap of $60.42 billion, a price-to-earnings ratio of 16.52 and a beta of 0.82.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, November 2nd. ONEOK’s dividend payout ratio (DPR) is presently 73.79%.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter earnings of $2.13 per share, well above the $1.46–$1.50 analyst consensus and up from $1.49 in the year-ago quarter. Revenue reached $12.46 billion, exceeding the approximately $10.54 billion consensus estimate. ONEOK Reports Third-Quarter and Nine-Month Earnings
• Positive Sentiment: The earnings and revenue beats were substantial, at approximately 45.9% and 5.8%, respectively, strengthening the case that operating performance is running ahead of expectations. ONEOK Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management increased its 2026 financial guidance, citing strong year-to-date results, higher volumes and expected contributions from the Brazos Permian Midland acquisition. Higher guidance can support investor estimates and valuation. ONEOK Increases 2026 Financial Guidance
• Positive Sentiment: Coverage highlighted record Permian Basin volumes as a key driver of the quarterly EPS beat, indicating continued strength in ONEOK’s gathering, processing and transportation businesses. ONEOK Q3 Earnings Powered by Record Permian Volumes

Analyst Ratings Changes

Several equities analysts recently weighed in on OKE shares. TD Cowen reiterated a “hold” rating on shares of ONEOK in a research report on Friday, October 16th. Seaport Research Partners upped their price target on ONEOK from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on ONEOK from $90.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $94.00 price objective on shares of ONEOK in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $97.53.

ONEOK Company Profile

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.