ONEOK (NYSE:OKE) Releases Earnings Results, Beats Expectations By $0.05 EPS

ONEOK (NYSE:OKE) released its quarterly earnings data on Monday. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05, Zacks reports. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period last year, the business earned $1.57 earnings per share. ONEOK updated its FY 2026 guidance to 5.040-5.870 EPS.

ONEOK Price Performance

OKE opened at $87.53 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. ONEOK has a 1 year low of $64.02 and a 1 year high of $103.64. The firm has a market cap of $55.08 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 4.90 and a beta of 0.96. The stock’s 50 day simple moving average is $77.29 and its 200 day simple moving average is $73.73.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is 78.68%.

Institutional Trading of ONEOK

Several large investors have recently modified their holdings of OKE. Brighton Jones LLC grew its position in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the last quarter. Empowered Funds LLC lifted its position in shares of 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. Acadian Asset Management LLC bought a new stake in shares of ONEOK during the 1st quarter valued at about $216,000. Federated Hermes Inc. boosted its stake in shares of ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of ONEOK by 3.9% during 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 period. 69.13% of the stock is owned by institutional investors.

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

Analysts Set New Price Targets

OKE has been the subject of a number of recent analyst reports. Citigroup reduced their price target on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Jefferies Financial Group assumed coverage on shares of ONEOK in a report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price target on the stock. TD Cowen reduced their target price on ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and an average target price of $86.27.

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.