Oneok (OKE) Stock
US natural gas infrastructure company with pipeline network. Here's the price, business snapshot, and what's worth knowing about Oneok in October 2026.
ONEOK Inc. (ticker: OKE) is a US midstream energy company that transports, stores and processes natural gas and natural gas liquids (NGLs). It operates an extensive network of pipelines, fractionation and storage facilities that connect production regions with industrial users and export points. With a market capitalisation of about $43.42bn, ONEOK’s revenue mix leans on fee-based contracts and long-term agreements that can provide relatively steady cash flows compared with exploration-focused peers. The company has historically returned capital via dividends and share activity, but distributions depend on business performance and board decisions. Key considerations for investors include exposure to commodity volumes and NGL prices, regulatory and environmental developments, and interest-rate sensitivity that can affect infrastructure valuations. This summary is for general educational purposes only and is not personalised financial advice; investments can fall as well as rise, and ONEOK may not be suitable for all investors.
Why It’s Moving
ONEOK Shares Dip Despite Second Guidance Raise and Major Acquisition
- The company raised its 2026 adjusted EBITDA guidance to $8.35B and EPS to $5.68, reflecting confidence in operational performance following strong Q2 results.
- A $4.425B acquisition of Brazos Midstream was highlighted as accretive, utilizing a capital-efficient structure that reduces debt while preserving share count.
- Despite these positive developments, shares slid alongside broader sector weakness, with forward valuation compressing to 14.75x EPS amid market volatility.
ONEOK Shares Dip Despite Second Guidance Raise and Major Acquisition
- The company raised its 2026 adjusted EBITDA guidance to $8.35B and EPS to $5.68, reflecting confidence in operational performance following strong Q2 results.
- A $4.425B acquisition of Brazos Midstream was highlighted as accretive, utilizing a capital-efficient structure that reduces debt while preserving share count.
- Despite these positive developments, shares slid alongside broader sector weakness, with forward valuation compressing to 14.75x EPS amid market volatility.
Sixth Month Growth Performance
When is the next earnings date for ONEOK INC (OKE)?
Oneok has not yet announced a confirmed date for its next earnings report. Based on the historical pattern of reporting approximately three months after the previous release, the upcoming announcement is expected in late October 2026. This report will cover the third quarter of fiscal year 2026. Investors should monitor official company communications for the precise scheduling details.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying ONEOK's stock with a target price of $100.57, indicating good potential for growth.
Financial Health
ONEOK is performing well with strong revenue and cash flow, indicating solid financial stability.
Dividend
ONEOK INC's dividend yield of 4.82% is appealing for those seeking income from their investments. If you invested $1000 you would be paid $42.40 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Stable cash flows
ONEOK’s fee-based contracts and long-term agreements can produce steady revenues, though volumes and contract renewals can vary over time.
Extensive pipeline footprint
A broad network of pipelines, fractionation and storage links production regions to markets and exports, but regulatory and commodity shifts can affect throughput.
Income focus
The company has historically returned capital via dividends, but payouts are discretionary and subject to business performance and market conditions.
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