ONEOK (NYSE:OKE) Releases Quarterly Earnings Results, Beats Estimates By $0.63 EPS

ONEOK (NYSE:OKE) announced its quarterly earnings results on Tuesday. The utilities provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.63, Zacks reports. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.46 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same period last year, the company posted $1.49 EPS.

ONEOK Trading Down 1.3%

OKE opened at $94.72 on Thursday. The company has a fifty day moving average of $92.82 and a 200-day moving average of $88.35. ONEOK has a twelve month low of $64.02 and a twelve month high of $99.85. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The stock has a market cap of $59.71 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, November 2nd. ONEOK’s dividend payout ratio is currently 73.79%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research reports. Morgan Stanley increased their price objective on ONEOK from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 9th. UBS Group set a $93.00 price target on ONEOK in a research report on Friday, September 11th. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Seaport Research Partners increased their target price on ONEOK from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Stifel Nicolaus set a $100.00 price target on ONEOK in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.68.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter 2026 earnings of $2.13 per share, well above the approximately $1.50 consensus estimate and up from $1.49 a year earlier. Revenue reached $12.46 billion, also exceeding expectations. Higher volumes, marketing gains and record Permian Basin activity drove the outperformance. ONEOK Announces Higher Third-Quarter 2026 Earnings and Increases 2026 Financial Guidance
• Positive Sentiment: Management raised its 2026 financial outlook, lifting the midpoint of adjusted EBITDA guidance to approximately $8.55 billion. ONEOK also outlined a target of roughly 3.25 times leverage, which could reassure investors focused on balance-sheet discipline following recent expansion. ONEOK outlines leverage target while raising 2026 EBITDA guidance
• Neutral Sentiment: US Capital Advisors maintained a “Moderate Buy” rating. Its revised estimates still imply earnings growth, including $5.74 per share for 2026, $6.12 for 2027 and $7.25 for 2028.
• Negative Sentiment: The firm nevertheless cut estimates across nearly every reported period: 2026 EPS from $5.90 to $5.74, 2027 EPS from $6.36 to $6.12, Q3 2026 EPS from $1.56 to $1.50, and Q4 2026 EPS from $1.52 to $1.42. Estimates for the first three quarters of 2027 were also reduced. These revisions suggest analysts see some moderation after the strong quarter and create a near-term headwind for OKE shares.

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.