ONEOK has outperformed peers YTD, up 24%, and offers a 4.6% dividend yield with further upside potential. OKE's diversified asset base, post-Magellan acquisition, drives mid-teens revenue growth and supports guidance raises for both revenue and adjusted EBITDA. Valuation remains attractive at 11.1x EV/EBITDA, with a price target of $109, implying 19% upside, and a competitive yield versus peers.
ONEOK, Inc. delivered a 30% total return since I rated it a strong buy in December. Energy prices have soared, and the company is posting strong results, leading it to upgrade its 2026 guidance. I detail why I recently exited my position despite the strong momentum.
ONEOK offers a compelling income and value proposition amid surging AI-related energy demand and robust infrastructure growth. OKE delivered strong Q1 2026 results, with 13% YoY adjusted EBITDA growth and rising NGL and refined product volumes. OKE benefits from AI-driven power demand, LNG export expansion, and Permian/Delaware Basin growth, supporting long-term tailwinds.
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Although the revenue and EPS for Oneok (OKE) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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ONEOK, Inc. (OKE) Q1 2026 Earnings Call Transcript
OKE beats Q1 EPS estimates on higher volumes, then raises 2026 net income and EPS guidance.
Oneok Inc. (OKE) came out with quarterly earnings of $1.3 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.04 per share a year ago.
U.S. pipeline operator ONEOK raised its annual earnings forecast on Tuesday after reporting first-quarter core profit that beat estimates, driven by higher volumes across its natural gas liquids, gas processing and pipeline systems.
OKE's Q1 results could get a lift from stronger gas demand and fee-based contracts, but winter storm Fern and higher interest costs may ail.
Cwm LLC increased its holdings in ONEOK, Inc. (NYSE: OKE) by 14.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,105 shares of the utilities provider's stock after purchasing an additional 7,180 shares during the quarter. Cwm LLC's holdings in ONEOK were