ONEOK (NYSE:OKE) Updates FY 2026 Earnings Guidance

Key Points

• FY2026 EPS guidance of $5.53 — ONEOK narrowed/updated its FY2026 earnings guidance to $5.53 per share, below the Wall Street consensus of $5.70 and tighter than its prior range of $5.04–$5.87.
• Generous dividend — the company declared a quarterly dividend of $1.07 (annualized $4.28) implying a ~4.8% yield, with an ex-dividend date of May 4 and payment on May 15; the payout ratio is about 79%.
• Mixed analyst sentiment and current price — analysts average a "Moderate Buy" rating with a $89.69 price target, while the stock traded around $89.88 (market cap ~$56.6B, P/E ~16.6) after recent earnings that beat estimates.

ONEOK (NYSE:OKE - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.530-5.530 for the period, compared to the consensus estimate of 5.700. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OKE. Weiss Ratings reiterated a "hold (c)" rating on shares of ONEOK in a research note on Monday, December 29th. Royal Bank Of Canada upped their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a "sector perform" rating in a report on Thursday, March 19th. Morgan Stanley increased their price target on shares of ONEOK from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 7th. Truist Financial started coverage on shares of ONEOK in a research report on Tuesday, March 24th. They set a "hold" rating and a $91.00 price objective for the company. Finally, Wolfe Research lowered ONEOK from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $89.69.

ONEOK Price Performance

ONEOK stock traded up $2.13 during mid-day trading on Tuesday, hitting $89.88. The stock had a trading volume of 4,876,301 shares, compared to its average volume of 4,902,654. ONEOK has a one year low of $64.02 and a one year high of $95.30. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $56.63 billion, a P/E ratio of 16.58, a P/E/G ratio of 6.48 and a beta of 0.84. The firm's 50 day moving average is $86.86 and its 200 day moving average is $77.96.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion for the quarter, compared to analysts' expectations of $8.77 billion. During the same period last year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts forecast that ONEOK will post 5.65 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

Hedge Funds Weigh In On ONEOK

Several institutional investors have recently bought and sold shares of OKE. Sunbelt Securities Inc. grew its position in shares of ONEOK by 4.5% during the fourth quarter. Sunbelt Securities Inc. now owns 14,354 shares of the utilities provider's stock valued at $1,055,000 after purchasing an additional 617 shares in the last quarter. Claris Financial LLC purchased a new stake in shares of ONEOK in the fourth quarter worth about $248,000. TMB Capital Partners LLC bought a new position in ONEOK during the fourth quarter valued at approximately $294,000. Invesco Ltd. grew its holdings in ONEOK by 4.1% during the 4th quarter. Invesco Ltd. now owns 9,284,911 shares of the utilities provider's stock valued at $682,441,000 after buying an additional 365,813 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in ONEOK by 64.0% in the 4th quarter. Corient Private Wealth LLC now owns 353,109 shares of the utilities provider's stock worth $25,954,000 after acquiring an additional 137,772 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

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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