ONEOK vs EQT
ONEOK gathers, processes, and transports natural gas liquids through a sprawling midstream network, while EQT is the largest natural gas producer in the United States. Both are deeply exposed to natural gas market dynamics but sit on opposite sides of the wellhead. The ONEOK vs EQT comparison traces how a fee-based pipeline operator insulated from direct commodity exposure and a production-weighted gas giant leveraged to Henry Hub prices each generate cash flow, fund growth, and reward shareholders in a volatile energy market.
ONEOK gathers, processes, and transports natural gas liquids through a sprawling midstream network, while EQT is the largest natural gas producer in the United States. Both are deeply exposed to natur...
Why It's Moving
ONEOK Draws Moderate Buy Consensus as Analysts Eye Steady Growth Amid Q4 Earnings Anticipation
- Analysts project Q4 revenue at $9.49 billion, up 35.6% year-over-year, driven by a 39.4% jump in refined products and crude revenues that signal booming demand.
- Moderate Buy consensus holds firm with 20 analysts assigning an average score of 3.95, underscoring belief in 6.7% annual earnings growth and robust EBITDA gains in key areas.
- Natural gas liquids revenue expected to drop 45.3%, but offsets come from natural gas gathering EBITDA rising to $574 million, highlighting strategic shifts in processing efficiency.
Analyst Consensus Points to Strong Upside for EQT into 2026 Amid Natural Gas Optimism.
- Wall Street forecasts cluster around significant upside, with many eyeing levels above $70 by year-end 2026, signaling belief in sustained profitability.
- EQT's strong momentum outperforms sector averages, bolstered by a healthy balance sheet and 49.5% operating cash flow to sales ratio.
- As a low-cost producer, EQT stands to gain from natural gas price stability, though energy sector volatility remains a key watchpoint.
ONEOK Draws Moderate Buy Consensus as Analysts Eye Steady Growth Amid Q4 Earnings Anticipation
- Analysts project Q4 revenue at $9.49 billion, up 35.6% year-over-year, driven by a 39.4% jump in refined products and crude revenues that signal booming demand.
- Moderate Buy consensus holds firm with 20 analysts assigning an average score of 3.95, underscoring belief in 6.7% annual earnings growth and robust EBITDA gains in key areas.
- Natural gas liquids revenue expected to drop 45.3%, but offsets come from natural gas gathering EBITDA rising to $574 million, highlighting strategic shifts in processing efficiency.
Analyst Consensus Points to Strong Upside for EQT into 2026 Amid Natural Gas Optimism.
- Wall Street forecasts cluster around significant upside, with many eyeing levels above $70 by year-end 2026, signaling belief in sustained profitability.
- EQT's strong momentum outperforms sector averages, bolstered by a healthy balance sheet and 49.5% operating cash flow to sales ratio.
- As a low-cost producer, EQT stands to gain from natural gas price stability, though energy sector volatility remains a key watchpoint.
Investment Analysis
ONEOK
OKE
Pros
- ONEOK is considered undervalued with a strong value valuation score, indicating potential for price appreciation.
- The company has demonstrated stable financial performance with strategic acquisitions and infrastructure expansion in key energy regions.
- ONEOK offers a solid dividend yield of around 6%, reflecting a commitment to shareholder returns.
Considerations
- The stock price has declined significantly in the past year, showing a 36.8% drop and hitting a 52-week low, indicating recent market challenges.
- ONEOK has a relatively high debt-to-equity ratio and a low quick ratio, which could imply liquidity risks and financial leverage concerns.
- Market conditions, including regulatory changes affecting pipeline operators, contribute to uncertainty and volatility in ONEOK's operational environment.
EQT
EQT
Pros
- EQT has shown strong recent performance with a 52-week price return above 47%, outperforming ONEOK significantly over the past year.
- The company operates in upstream production, offering exposure to production volume growth in key natural gas regions.
- EQT maintains a lower beta than ONEOK, suggesting less stock price volatility relative to the market.
Considerations
- EQT's stock exhibited notable short-term volatility and a sharper recent price decline over several weeks.
- Being an upstream producer, EQT is more exposed to commodity price fluctuations, which can increase earnings variability.
- Despite good recent returns, EQT has a smaller market capitalization compared to ONEOK, possibly limiting scale advantages.
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ONEOK (OKE) Next Earnings Date
ONEOK's next earnings date is estimated for April 28 to May 5, 2026, covering the Q1 2026 period, as the company has not yet confirmed the exact date. This follows their Q4 2025 earnings release on February 23, 2026, aligning with historical patterns of late April or early May reporting. Investors should monitor official announcements for confirmation.
EQT (EQT) Next Earnings Date
EQT Corporation's next earnings release, covering the first quarter of 2026, is scheduled for April 29, 2026, after market close. This date aligns with analyst estimates and the company's historical quarterly reporting pattern following the confirmed Q4 2025 release on February 17, 2026. Investors should monitor the company's investor relations site for any updates to this schedule.
ONEOK (OKE) Next Earnings Date
ONEOK's next earnings date is estimated for April 28 to May 5, 2026, covering the Q1 2026 period, as the company has not yet confirmed the exact date. This follows their Q4 2025 earnings release on February 23, 2026, aligning with historical patterns of late April or early May reporting. Investors should monitor official announcements for confirmation.
EQT (EQT) Next Earnings Date
EQT Corporation's next earnings release, covering the first quarter of 2026, is scheduled for April 29, 2026, after market close. This date aligns with analyst estimates and the company's historical quarterly reporting pattern following the confirmed Q4 2025 release on February 17, 2026. Investors should monitor the company's investor relations site for any updates to this schedule.
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