ONEOK (NYSE:OKE) Releases Earnings Results, Beats Estimates By $0.07 EPS

ONEOK (NYSE:OKE) issued its earnings results on Monday. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07, FiscalAI reports. The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the company posted $1.34 earnings per share. ONEOK updated its FY 2026 guidance to 5.680-5.680 EPS.

ONEOK Trading Down 3.0%

Shares of ONEOK stock opened at $88.05 on Tuesday. The stock has a market capitalization of $55.48 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 4.93 and a beta of 0.73. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The company has a 50-day simple moving average of $88.98 and a 200 day simple moving average of $86.77. ONEOK has a 12-month low of $64.02 and a 12-month high of $96.07.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $1.07 per share. The ex-dividend date is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported second-quarter earnings of $1.53 per share, above estimates of $1.39-$1.46 and up from $1.34 a year earlier. Revenue reached $12.05 billion, substantially exceeding the $8.95 billion consensus estimate. ONEOK Announces Higher Second-Quarter 2026 Earnings
• Positive Sentiment: Net income increased 13% and adjusted EBITDA rose 7%, supported by record natural-gas-liquids raw-feed throughput. NGL volumes in the Gulf Coast/Permian region grew 15% year over year, indicating strong demand and utilization across ONEOK’s midstream network. ONEOK boosts 2026 forecast
• Positive Sentiment: Management raised its 2026 financial guidance for the second time this year and completed a refined-products pipeline expansion connecting Mid-Continent and Gulf Coast supplies with the Denver market and Denver International Airport. ONEOK second-quarter earnings release
• Neutral Sentiment: ONEOK declared a $1.07-per-share cash dividend payable August 14, with August 3 as the ex-dividend date. The dividend supports income-oriented investors, although shares typically adjust around the ex-dividend date. ONEOK dividend analysis
• Negative Sentiment: The updated 2026 EPS guidance of $5.68 is below one analyst consensus estimate of $5.72, potentially limiting enthusiasm even though it represents an increase from the company’s prior outlook. Investors may also be taking profits after the stock’s strong run toward its 12-month high.

Analyst Ratings Changes

OKE has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wells Fargo & Company decreased their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen cut shares of ONEOK from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $91.81.

Institutional Trading of ONEOK

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of ONEOK by 137.1% during the fourth 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. Triumph Capital Management grew its stake in shares of ONEOK by 78.2% during the fourth quarter. Triumph Capital Management now owns 2,251 shares of the utilities provider’s stock valued at $165,000 after purchasing an additional 988 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in shares of ONEOK by 97.3% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 2,738 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 1,350 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of ONEOK in the third quarter valued at approximately $185,000. Finally, Kelleher Financial Advisors bought a new position in ONEOK in the 3rd quarter worth approximately $119,000. 69.13% of the stock is owned by institutional investors.

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.