Q3 Earnings Forecast for ONEOK Issued By US Capital Advisors

Key Points

• US Capital Advisors lowered ONEOK’s Q3 2026 EPS estimate to $1.50 from $1.56, while maintaining a “Moderate Buy” rating. The firm projects $5.74 EPS for FY2026 and $6.12 for FY2027.
• ONEOK recently reported Q3 EPS of $2.13, beating the $1.50 consensus estimate, while revenue of $12.46 billion exceeded expectations of $10.54 billion.
• The company declared a quarterly dividend of $1.07, equivalent to $4.28 annually and a 4.5% yield. Analysts collectively rate the stock “Moderate Buy,” with an average price target of $97.53.

ONEOK, Inc. (NYSE:OKE - Free Report) - Stock analysts at US Capital Advisors lowered their Q3 2026 earnings per share estimates for ONEOK in a research note issued to investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now expects that the utilities provider will earn $1.50 per share for the quarter, down from their prior forecast of $1.56. US Capital Advisors currently has a "Moderate Buy" rating on the stock. The consensus estimate for ONEOK's current full-year earnings is $5.70 per share. US Capital Advisors also issued estimates for ONEOK's Q4 2026 earnings at $1.42 EPS, FY2026 earnings at $5.74 EPS, Q1 2027 earnings at $1.43 EPS, Q2 2027 earnings at $1.49 EPS, Q3 2027 earnings at $1.57 EPS, Q4 2027 earnings at $1.63 EPS and FY2027 earnings at $6.12 EPS.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of ONEOK from $98.00 to $106.00 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Freedom Capital upgraded shares of ONEOK from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Raymond James Financial reaffirmed an "outperform" rating and issued a $98.00 price objective on shares of ONEOK in a report on Tuesday, October 20th. Weiss Ratings upgraded shares of ONEOK from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, October 21st. Finally, Mizuho increased their target price on shares of ONEOK from $91.00 to $95.00 in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and an average price target of $97.53.

ONEOK Price Performance

Shares of NYSE OKE opened at $94.72 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The stock has a market capitalization of $59.71 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.92 and a beta of 0.82. The firm's 50 day simple moving average is $92.82 and its 200-day simple moving average is $88.35. ONEOK has a 12 month low of $64.02 and a 12 month high of $99.85.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.63. ONEOK had a return on equity of 16.41% and a net margin of 9.29%. The company had revenue of $12.46 billion during the quarter, compared to analysts' expectations of $10.54 billion. During the same period last year, the business earned $1.49 earnings per share.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK's dividend payout ratio (DPR) is currently 73.79%.

Institutional Investors Weigh In On ONEOK

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Soltis Investment Advisors LLC increased its holdings in ONEOK by 482.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 13,783 shares of the utilities provider's stock worth $1,175,000 after purchasing an additional 11,418 shares during the period. Sawyer & Company Inc acquired a new position in ONEOK in the third quarter valued at approximately $102,000. MBM Wealth Consultants LLC boosted its holdings in ONEOK by 18.3% in the third quarter. MBM Wealth Consultants LLC now owns 8,665 shares of the utilities provider's stock valued at $739,000 after purchasing an additional 1,341 shares in the last quarter. CWA Asset Management Group LLC increased its stake in ONEOK by 8.1% in the third quarter. CWA Asset Management Group LLC now owns 2,894 shares of the utilities provider's stock valued at $247,000 after purchasing an additional 218 shares during the last quarter. Finally, CFS Investment Advisory Services LLC increased its stake in ONEOK by 77.1% in the third quarter. CFS Investment Advisory Services LLC now owns 5,059 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 2,202 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Third-quarter adjusted earnings rose to $2.13 per share, well above the roughly $1.46–$1.50 analyst consensus, while revenue reached $12.46 billion versus expectations near $10.54 billion. Results benefited from higher pipeline volumes, record Permian Basin activity and stronger marketing gains. OKE Q3 Earnings Surpass Estimates on Higher Volumes and Marketing Gains
• Positive Sentiment: ONEOK raised its 2026 financial outlook, including increasing the midpoint of adjusted EBITDA guidance to approximately $8.55 billion. The updated forecast reflects strong year-to-date performance and expected contributions from the recently completed Brazos Permian Midland acquisition. ONEOK Announces Higher Third-Quarter Earnings and Increases Guidance
• Positive Sentiment: Management’s 2026 outlook and operating momentum prompted at least one analyst to raise its longer-term earnings estimate, with US Capital Advisors increasing its FY2028 EPS forecast to $7.25 from $7.22 and maintaining a Moderate Buy rating. ONEOK analyst estimate update
• Neutral Sentiment: ONEOK outlined a target of approximately 3.25 times leverage. The goal signals a focus on balance-sheet discipline, though investors may remain attentive to debt levels as the company integrates its acquisition and funds growth. ONEOK leverage target and EBITDA guidance
• Negative Sentiment: Despite the earnings beat, ONEOK’s shares have decreased, likely reflecting profit-taking after a substantial run toward the 52-week high and continued sensitivity to debt and dividend sustainability. Its debt-to-equity ratio is 1.34, which may limit enthusiasm even with improving cash flows.

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.

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