ONEOK Raises 2026 EPS Guidance to $5.68 Midpoint
OKE sits 39% above its 52-week low of $64.02.
Summary
ONEOK raised its 2026 earnings per diluted share guidance to a midpoint of $5.68, signaling stronger expected performance. The company beat Q2 EPS estimates on record natural gas liquids volumes and reported higher second-quarter profit. This follows a strong Q1 2026 and a $425 million equity offering in June, which may have funded growth initiatives now reflected in the higher outlook. The guidance increase suggests management sees sustained demand or operational improvements. With a market cap near $55 billion, the revision is material and likely to shift near-term positioning. ONEOK narrowed 2026 net profit guidance to $3.41B–$3.79B from $3.21B–$3.79B and raised adjusted EBITDA floor to $8.2B from $8.0B.
Updated with a Reuters report · What changed
Updates
· Reuters — ONEOK narrowed 2026 net profit guidance to $3.41B–$3.79B from $3.21B–$3.79B and raised adjusted EBITDA floor to $8.2B from $8.0B.
At the time of this announcement, OKE was trading at $89.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $55.6B. The 52-week trading range was $64.02 to $96.07. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.