Q3 Earnings Forecast for ONEOK Issued By US Capital Advisors

ONEOK, Inc. (NYSE:OKE) – Stock analysts at US Capital Advisors lifted their Q3 2026 earnings per share estimates for shares of ONEOK in a research note issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the utilities provider will earn $1.56 per share for the quarter, up from their prior estimate of $1.45. The consensus estimate for ONEOK’s current full-year earnings is $5.82 per share. US Capital Advisors also issued estimates for ONEOK’s Q4 2026 earnings at $1.52 EPS, FY2026 earnings at $5.90 EPS, Q1 2027 earnings at $1.51 EPS, Q2 2027 earnings at $1.57 EPS, Q3 2027 earnings at $1.63 EPS, Q4 2027 earnings at $1.66 EPS, FY2027 earnings at $6.36 EPS and FY2028 earnings at $7.22 EPS.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the previous year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS.

A number of other research analysts have also commented on OKE. Barclays decreased their price target on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their price objective on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Morgan Stanley lifted their price target on ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.94.

ONEOK Stock Performance

NYSE OKE opened at $94.69 on Friday. The firm has a 50-day moving average of $90.03 and a 200-day moving average of $88.16. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The stock has a market cap of $59.69 billion, a PE ratio of 16.33, a P/E/G ratio of 2.69 and a beta of 0.73. ONEOK has a 52-week low of $64.02 and a 52-week high of $97.90.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after acquiring an additional 8,834 shares during the period. Empowered Funds LLC grew its holdings in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of ONEOK during the 1st quarter worth $216,000. Federated Hermes Inc. increased its position in shares of ONEOK by 14.0% in the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after purchasing an additional 383 shares during the period. Finally, NewEdge Advisors LLC raised its stake in ONEOK by 3.9% in the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after purchasing an additional 4,902 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s payout ratio is currently 73.79%.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors lifted earnings forecasts across multiple periods. The firm raised its Q3 2026 EPS estimate to $1.56 from $1.45 and its FY2026 forecast to $5.90 from $5.67, above the broader consensus of $5.82. It also increased FY2027 EPS to $6.36 from $6.12 and FY2028 EPS to $7.22 from $6.97. Estimates for each quarter of 2027 were also raised, signaling stronger expected operating performance. ONEOK analyst estimates
• Positive Sentiment: Analyst sentiment remains favorable. ONEOK has received a consensus “Moderate Buy” rating, while a Morgan Stanley analyst reportedly expects the stock to rise. These views reinforce the bullish impact of the upgraded earnings outlook. ONEOK consensus rating Morgan Stanley ONEOK outlook
• Positive Sentiment: Investors are highlighting ONEOK’s durable growth and income profile. A recent investment article described the high-yield pipeline operator as stronger than many investors recognize, supporting continued interest in the shares. High-yield pipeline stock investors keep underestimating
• Neutral Sentiment: Market momentum is supportive but raises valuation sensitivity. OKE is trading near its 52-week high and above both its 50-day and 200-day moving averages. Its beta of 0.73 may appeal to investors seeking lower volatility, although the stock’s 16.33 price-to-earnings ratio and debt-to-equity ratio of 1.34 could limit upside if earnings upgrades do not materialize.

ONEOK Company Profile

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.