Q1 Earnings Forecast for ONEOK Issued By US Capital Advisors

ONEOK, Inc. (NYSE:OKE) – US Capital Advisors decreased their Q1 2026 earnings per share estimates for shares of ONEOK in a research note issued to investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now expects that the utilities provider will earn $1.32 per share for the quarter, down from their prior estimate of $1.44. The consensus estimate for ONEOK’s current full-year earnings is $5.07 per share. US Capital Advisors also issued estimates for ONEOK’s Q2 2026 earnings at $1.38 EPS, Q3 2026 earnings at $1.42 EPS, Q4 2026 earnings at $1.50 EPS, FY2026 earnings at $5.63 EPS, Q1 2027 earnings at $1.42 EPS, Q2 2027 earnings at $1.46 EPS, Q3 2027 earnings at $1.52 EPS, Q4 2027 earnings at $1.61 EPS, FY2027 earnings at $6.01 EPS and FY2028 earnings at $6.80 EPS.

A number of other brokerages have also weighed in on OKE. Wells Fargo & Company raised their price target on shares of ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Barclays raised their price objective on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus target price of $87.53.

ONEOK Stock Performance

NYSE:OKE opened at $89.90 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market capitalization of $56.62 billion, a PE ratio of 16.59, a P/E/G ratio of 6.79 and a beta of 0.93. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. The company has a fifty day moving average of $82.44 and a two-hundred day moving average of $75.29.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% 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 period last year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS.

Hedge Funds Weigh In On ONEOK

Hedge funds have recently made changes to their positions in the stock. National Pension Service grew its holdings in shares of ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after buying an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in shares of ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after buying an additional 22,282 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of ONEOK by 7.5% in the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after purchasing an additional 54,444 shares during the period. Tectonic Advisors LLC raised its holdings in ONEOK by 41.1% in the third quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after buying an additional 55,024 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after acquiring an additional 121,891 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is 78.97%.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Jefferies upgraded ONEOK, a move that often boosts investor confidence and buying interest for pipeline/utilities names. Article Title
• Positive Sentiment: ONEOK earned membership in a “95-plus composite rating club” (strong composite score), a positive third‑party signal on quality/consistency that can attract yield‑seeking and quality‑focused investors. Article Title
• Neutral Sentiment: US Capital Advisors published a multi‑year forecast that shows long‑run upside (FY2028 EPS projected at $6.80), indicating they still see growth farther out even as near‑term trims were made.
• Negative Sentiment: US Capital Advisors cut multiple near‑term estimates (Q1 2026 to $1.32 from $1.44; Q2 2026 to $1.38 from $1.45; Q3 2026 to $1.42 from $1.49; Q4 2026 to $1.50 from $1.58) and reduced FY2026 (to $5.63 from $5.96) and FY2027 (to $6.01 from $6.34). Those downward revisions create headline risk and may weigh on sentiment for the remainder of the year.

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.