ONEOK, IncNYSE: OKE
Energy · Oil & Gas Storage & Transportation
$85.11
-0.55%
Vol: 3.3M
Research Digest
Thursday, June 18, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15ONEOK rallies with energy midstream peers as the Israel-Iran conflict that erupted June 13 drives oil and natural gas prices sharply higher.Positive▶
Israel struck Iranian nuclear facilities on June 13, 2026, sending WTI crude up more than 4 dollars a barrel in the largest single-day jump in about five years and pushing energy infrastructure names higher. ONEOK, a Permian-heavy midstream operator, benefits indirectly: higher oil prices spur more drilling and raise utilization of its gas-gathering, NGL and pipeline assets, and Iranian disruption to Qatari LNG is redirecting global gas demand toward U.S. supply chains ONEOK serves. Wells Fargo has argued the conflict produces a durable structural shift favoring U.S. midstream. The stock is up roughly 18 percent year to date. Bear case: ONEOK does not produce oil, so the benefit is second-order and lagged, and a rapid de-escalation or demand destruction from a price spike could reverse the move. Commodity volatility and integration risk from recent acquisitions remain overhangs.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21ONEOK raised 2026 adjusted EBITDA guidance midpoint to $8.25B (up $150M) and net income midpoint to $3.5B after Q1 EBITDA grew 13% YoY; held annual meeting May 20 with two directors retiring.Positive▶
ONEOK delivered a strong Q1 2026 with 12% net income growth and 13% adjusted EBITDA growth on rising NGL and refined product volumes. Management raised full-year 2026 net income guidance to a $3.5B midpoint and adjusted EBITDA to a $8.25B midpoint (up $150M). The company declared a $1.07/share quarterly dividend (annualized $4.28) paid May 15. Directors Gerald B. Smith and Pattye L. Moore retired at the May 20 annual meeting. Goldman Sachs raised its target to $88 and Truist lifted to $93 (Hold) on the earnings beat, while Freedom Broker downgraded to Hold from Buy on valuation. OKE is up about 24% YTD with a 4.6% dividend yield.
May 20ONEOK holds its 2026 annual shareholder meeting today (May 20) following a Q1 beat, raised full-year guidance, and a wave of analyst price-target hikes.Positive▶
ONEOK's 2026 annual shareholder meeting is being held virtually on May 20, 2026 at 9:00 a.m. Central, providing a near-term catalyst as management updates investors on strategy. The company recently posted strong Q1 2026 results with 12% net income growth and 13% adjusted EBITDA growth, lifting full-year 2026 net income guidance midpoint to about $3.5B on stronger throughput volumes. Analysts have been raising targets: JPMorgan to $92 from $91 (May 7), Citi to $97 from $95 (May 5), and Stifel to $99 from $91 (April 30); Morgan Stanley initiated at Buy while Goldman Sachs maintains Hold. Shares are around $91, up ~7% in the past month and ~22.5% year-to-date, supported by AI-driven power demand, LNG export expansion, and Permian/Delaware Basin growth.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18ONEOK shares climbed 3.1% on May 11 amid analyst price target raises following raised 2026 guidance and AI/LNG demand tailwinds.Positive▶
ONEOK shares rose 3.1% to $87.79 on May 11, 2026 after multiple analyst upgrades. Morgan Stanley issued a Buy rating on May 12, JPMorgan raised its target to $92 on May 8, and Citi raised to $97 on May 7. ONEOK declared a quarterly dividend of $1.07 per share, payable May 15. The company will hold its 2026 annual shareholder meeting virtually on May 20. Underlying tailwinds include AI-driven power demand, LNG export expansion, and Permian/Delaware basin growth, supporting prior raised 2026 net income guidance of $3.5 billion.
May 15ONEOK raises 2026 net income guidance to ~$3.5B midpoint after Q1 EPS $1.23 beat; multiple analysts hike PTs and Stifel lifts to $99.Positive▶
ONEOK reported Q1 2026 results with EPS of $1.23, revenue up 20% Y/Y, and net income of $774-776M (up ~22% Y/Y), and raised FY2026 net income guidance to the midpoint of $3.5B with adjusted EBITDA up 13% Y/Y. The board declared an unchanged quarterly dividend of $1.07/share payable May 15, 2026 ($4.28 annualized). Following the print, Goldman Sachs raised its PT to $88 (Hold), Stifel raised to $99 from $91, Citi to $97 from $95, Truist to $93 from $91 (Hold), and JPMorgan to $92 from $91. Shares climbed to ~$88 over May 11-12. The 2026 annual shareholder meeting is May 20, 2026; two directors retiring. Risks include integration of recent acquisitions, NGL price exposure, and regulatory permitting on midstream capex.
May 14ONEOK rallies 3.8% to $88.43 on May 12 as JPMorgan, Citi and Truist all raise price targets following Q1 beat and raised 2026 guidancePositive▶
ONEOK shares rose 3.8% to $88.43 on May 12, 2026 as multiple analysts lifted price targets. Q1 2026 revenue rose to $9.62B (up 19.6% YoY) with net income of $774M (up 12% YoY) and adjusted EBITDA up 13%. The company raised 2026 net income guidance to a midpoint of $3.5B, EPS guidance to a midpoint of $5.53, and adjusted EBITDA guidance to a midpoint of $8.25B. The quarterly dividend was raised 4% to $1.07 per share ($4.28 annualized). Analyst actions in early May: JPMorgan raised PT to $92 from $91 (May 8), Citi to $97 from $95 (May 7), Truist to $93 from $91 (May 4), and Goldman Sachs to $88 on the earnings beat. The 2026 annual shareholder meeting is scheduled virtually for May 20 at 9:00 a.m. Central. Segment volumes grew across NGL, refined products, and gas.
May 13ONEOK shares climbed 3.1% to $87.79 on May 11 after raising 2026 guidance and beating Q1 estimates ($9.62B revenue, EPS $1.30); two board directors set to retire May 20.Positive▶
ONEOK rose 3.1% to $87.79 on May 11 amid bullish reaction to its raised 2026 financial guidance and strong Q1 results ($9.62B revenue +19.6% YoY, EPS $1.30 beating estimates). The board declared a $1.07 quarterly dividend payable May 15. The company is relocating a 150 MMcf/d gas processing plant to the Permian Basin, supporting asset optimization. Citi raised its PT to $97 (from $95), Truist to $93 (from $91), and Stifel to $99 (from $91). At the May 20 annual meeting, directors Gerald B. Smith and Pattye L. Moore will retire from the board. Risk: heavy capex commitments and execution on Permian integration.
May 12Citigroup raised ONEOK price target to $97 on May 7 with Buy rating ahead of May 20 annual meeting and May 15 dividend paymentPositive▶
On May 7, 2026, Citigroup raised its price target on ONEOK to $97 from $95 while maintaining a Buy rating. ONEOK declared a quarterly dividend of $1.07 per share (annualized $4.28), unchanged from the prior quarter, payable May 15 to holders of record May 4. The 2026 annual meeting of shareholders will be held virtually on May 20 at 9:00 a.m. Central; directors Gerald B. Smith and Pattye L. Moore will retire from the board at that meeting. The setup follows Q1 2026 results with revenue up 19.6% YoY to $9.62B and EPS of $1.30 beating estimates, with raised full-year guidance driven by completed infrastructure projects and Permian Basin expansion.
May 11ONEOK raised 2026 EBITDA guidance midpoint by $150M to $8.25B after strong Q1 earnings, and multiple analysts boosted price targets while Freedom Broker downgraded to Hold.Positive▶
ONEOK reported strong Q1 2026 earnings with revenue growing 19.6% YoY to $9.62B and EPS of $1.30 exceeding estimates, leading to raised 2026 financial guidance with EBITDA midpoint up $150M to $8.25B. The company is relocating a 150 MMcf/d gas processing plant to the Permian Basin as part of asset optimization driving the improved outlook. The 440,000-bpd BridgeTex crude pipeline returned to service after a temporary leak-related outage. Citi raised price target to $97 from $95, Truist to $93 from $91, Stifel to $99 from $91, while Freedom Broker downgraded to Hold from Buy on May 4. Quarterly dividend of $1.07 paid May 15. Directors Smith and Moore will retire at May 20 annual meeting. Risk: macro environment and commodity volatility could impact volumes.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WMBWILLIAMS | $73.17 | +2.69% | -6.1% | 28.5x | 0.60 | $89.4B |
| KMIKINDER | $31.56 | +0.73% | -6.0% | 21.0x | 0.54 | $70.3B |
| TRGPTARGA | $258.81 | -0.74% | -4.5% | 21.0x | 0.71 | $55.5B |
| OKEONEOK | $85.11 | -0.55% | -7.7% | 13.8x | 0.71 | $53.6B |
| XOMEXXON | $137.64 | -2.20% | -11.8% | 12.9x | 0.15 | $571.2B |
| CVXCHEVRON | $173.45 | -2.33% | -9.3% | 13.8x | 0.47 | $345.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.