ONEOK vs Targa Resources
This page compares ONEOK and Targa Resources to explain how their business models, financial performance, and market context differ. It presents a neutral, accessible overview of strategy, operations, and competitive positioning within the energy sector. Educational content, not financial advice.
This page compares ONEOK and Targa Resources to explain how their business models, financial performance, and market context differ. It presents a neutral, accessible overview of strategy, operations,...
Why It's Moving
ONEOK Shares Climb as Institutions Pile In Ahead of Earnings Spotlight
- Texas Yale Capital scooped up 15,450 shares, while M&G PLC boosted its stake by 8.3%, reflecting institutional bets on OKE's steady pipeline operations.
- Stock opened at $86.09 with a robust 5% dividend yield after recent hike to $1.07 quarterly, attracting income-focused players.
- Upcoming Feb 23 earnings project $9.49B revenue surge of 35.6% YoY, though EPS may dip 5.1%; recent quarter's +2% beat keeps upside hopes alive.
TRGP Faces Analyst Warning of -4% Downside Despite Recent Dividend Boost and Institutional Buying
- Capital Planning Advisors LLC initiated a new stake with 5,384 shares worth $902,000 in Q3, reflecting ongoing institutional interest in TRGP's midstream operations.
- Insider Gerald R. Shrader offloaded 2,750 shares on December 5 at $181.21, trimming his holdings by 8.51% and hinting at personal profit-taking.
- Analysts maintain a 'Moderate Buy' consensus with targets around $213.50, but the -4% downside risk underscores concerns over energy price swings and sector headwinds.
ONEOK Shares Climb as Institutions Pile In Ahead of Earnings Spotlight
- Texas Yale Capital scooped up 15,450 shares, while M&G PLC boosted its stake by 8.3%, reflecting institutional bets on OKE's steady pipeline operations.
- Stock opened at $86.09 with a robust 5% dividend yield after recent hike to $1.07 quarterly, attracting income-focused players.
- Upcoming Feb 23 earnings project $9.49B revenue surge of 35.6% YoY, though EPS may dip 5.1%; recent quarter's +2% beat keeps upside hopes alive.
TRGP Faces Analyst Warning of -4% Downside Despite Recent Dividend Boost and Institutional Buying
- Capital Planning Advisors LLC initiated a new stake with 5,384 shares worth $902,000 in Q3, reflecting ongoing institutional interest in TRGP's midstream operations.
- Insider Gerald R. Shrader offloaded 2,750 shares on December 5 at $181.21, trimming his holdings by 8.51% and hinting at personal profit-taking.
- Analysts maintain a 'Moderate Buy' consensus with targets around $213.50, but the -4% downside risk underscores concerns over energy price swings and sector headwinds.
Investment Analysis
ONEOK
OKE
Pros
- ONEOK is considered undervalued by analysts with a discounted cash flow suggesting a 52.4% upside.
- The company demonstrated strong Q3 2025 earnings with increased EBITDA driven by acquisitions and volume growth in key regions.
- ONEOK has a robust dividend yield of about 6.0%, showing commitment to returning capital to shareholders.
Considerations
- ONEOK's stock price has experienced significant declines recently, down about 36.8% year-to-date, reflecting market challenges.
- The company has a relatively high debt-to-equity ratio and a low quick ratio (0.46), indicating potential liquidity concerns.
- Regulatory changes and shifting energy demand trends pose execution and operational risks to its midstream pipeline business.
Targa Resources
TRGP
Pros
- Targa Resources operates a diversified midstream energy portfolio, supporting resilience across market cycles.
- The company has a lower valuation multiple with a P/E ratio expected to decline from 17.8x in 2025 to 15.3x in 2026, potentially signaling value.
- Targa Resources maintains a stable free-float at 89% and offers a growing dividend yield forecasted to rise to 3.28% next year.
Considerations
- Targa Resources’ stock exhibits higher volatility compared to ONEOK, implying greater price fluctuations and investment risk.
- The company’s stock price has declined about 17.58% year-to-date, reflecting some market and operational headwinds.
- Targa faces commodity price sensitivity and execution risks tied to midstream infrastructure investments and regulatory environment.
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ONEOK (OKE) Next Earnings Date
ONEOK's next earnings date is scheduled for February 23, 2026, covering the Q4 2025 period. This release aligns with the company's historical pattern of reporting fourth-quarter results in late February. A conference call is anticipated the following day.
Targa Resources (TRGP) Next Earnings Date
Targa Resources (TRGP) is scheduled to report its next earnings on February 19, 2026, ahead of the market open. This release will cover the fourth quarter of 2025 (Q4 2025), following the prior quarter's report on November 5, 2025. Investors should monitor for the associated conference call, typically held shortly after the release.
ONEOK (OKE) Next Earnings Date
ONEOK's next earnings date is scheduled for February 23, 2026, covering the Q4 2025 period. This release aligns with the company's historical pattern of reporting fourth-quarter results in late February. A conference call is anticipated the following day.
Targa Resources (TRGP) Next Earnings Date
Targa Resources (TRGP) is scheduled to report its next earnings on February 19, 2026, ahead of the market open. This release will cover the fourth quarter of 2025 (Q4 2025), following the prior quarter's report on November 5, 2025. Investors should monitor for the associated conference call, typically held shortly after the release.
Which Baskets Do They Appear In?
Riding The OPEC+ Wave: Midstream Energy Plays
OPEC+ is moving forward with its plan to increase oil production to meet summer demand. This creates an opportunity for companies that transport, store, and process the additional crude oil and natural gas.
Published: July 25, 2025
Explore BasketOPEC+ Opens The Taps: Midstream's Moment
OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.
Published: July 25, 2025
Explore BasketWhich Baskets Do They Appear In?
Riding The OPEC+ Wave: Midstream Energy Plays
OPEC+ is moving forward with its plan to increase oil production to meet summer demand. This creates an opportunity for companies that transport, store, and process the additional crude oil and natural gas.
Published: July 25, 2025
Explore BasketOPEC+ Opens The Taps: Midstream's Moment
OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.
Published: July 25, 2025
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