Based in Tulsa, Oklahoma, ONEOK, Inc. (OKE) is a leading midstream energy company operating an approximately 60,000-mile pipeline network. It provides gathering, processing, fractionation, transportation, storage and marine export services for natural gas, NGLs, refined products and crude oil, supporting energy demand across domestic and international markets. The company has a market capitalization of approximately $56.2 billion.
OKE is set to report its Q3 earnings on Tuesday, October 27, 2026, after the market closes. Ahead of the release, analysts expect the company to report diluted EPS of $1.46, down 2% from $1.49 in the year-ago quarter. However, OKE has exceeded Wall Street’s EPS estimates in each of the past four quarters, highlighting its consistent earnings performance.
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For fiscal 2026, analysts expect OKE to report EPS of $5.73, reflecting a 5.7% increase from $5.42 in fiscal 2025. Moreover, EPS is projected to increase another 7.5% year over year to $6.16 in fiscal 2027.
www.barchart.comOKE stock has gained 21.5% over the past 52 weeks, outpacing the S&P 500 Index ($SPX), which returned 16.2%, while trailing the State Street Energy Select Sector SPDR ETF (XLE), which posted a 41.6% gain over the same period.
www.barchart.comONEOK’s strong stock performance over the past year has been supported by favorable momentum across energy stocks, improved earnings expectations and a shareholder-friendly capital return policy. The company raised its full year guidance for the second time in its Q2 2026 results, while its commitment to returning 75% to 85% of free cash flow to shareholders through dividends and buybacks has further strengthened its appeal to income focused investors.
More recently, on October 6, ONEOK announced the completion of its acquisition of Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for total cash consideration of approximately $4.43 billion, which pushed OKE shares marginally up on the same day.
Analysts remain cautiously bullish on OKE, with the stock carrying a consensus "Moderate Buy" rating. Of the 22 analysts covering the stock, seven recommend a "Strong Buy," two rate it a "Moderate Buy," and 13 recommend a "Hold." Meanwhile, OKE’s average price target of $100.27 implies a 13.9% premium over the current share price.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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