ONEOK (NYSE:OKE) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Q2 results: ONEOK reported EPS of $1.23, missing consensus by $0.06, while revenue of $9.62B beat estimates, and the company updated FY2026 guidance to 5.530 EPS.
• The company declared a quarterly dividend of $1.07 (annualized $4.28) for a yield of about 4.8%, with an ex-dividend date of May 4 and a pay date of May 15; the payout ratio is roughly 79%.
• Shares rose ~2.4% to $89.88 on the news; analysts view the stock as a "Moderate Buy" with an average target near $89.69, and the stock trades at a PE of about 16.6.

ONEOK (NYSE:OKE - Get Free Report) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.06), FiscalAI reports. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same period in the previous year, the business earned $1.04 EPS. ONEOK updated its FY 2026 guidance to 5.530-5.530 EPS.

ONEOK Stock Up 2.4%

Shares of OKE traded up $2.13 during mid-day trading on Tuesday, hitting $89.88. 4,876,301 shares of the company traded hands, compared to its average volume of 4,902,654. ONEOK has a 1-year low of $64.02 and a 1-year high of $95.30. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $56.63 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 6.48 and a beta of 0.84. The business has a 50 day moving average of $86.86 and a 200 day moving average of $77.96.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a dividend of $1.07 per share. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK's dividend payout ratio is 78.97%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OKE. UBS Group reduced their price objective on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating for the company in a research note on Thursday, January 22nd. Mizuho set a $89.00 price target on shares of ONEOK in a report on Monday, February 23rd. Wolfe Research downgraded ONEOK from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, February 25th. Jefferies Financial Group increased their price objective on ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. Finally, Scotiabank reissued an "outperform" rating on shares of ONEOK in a research report on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.69.

Institutional Investors Weigh In On ONEOK

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT lifted its stake in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock worth $25,000 after buying an additional 143 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of ONEOK during the fourth quarter worth $37,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $37,000. DV Equities LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $64,000. Finally, Loomis Sayles & Co. L P lifted its stake in shares of ONEOK by 14.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider's stock worth $76,000 after buying an additional 133 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

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.

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