Oneok (OKE)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-07-08
$91.14+0.52%
Close 2026-07-08 · 1-day change
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Track OKE free→Warn: Management is running behind on a stated commitment.
Oneok aims to grow adjusted EBITDA to $8.5 billion in 2026. It plans capital spending between $2.7 billion and $3.2 billion. Earnings per share guidance is raised to $5.53. The company has a stable profit margin and moderate valuation compared to peers.
Oneok recently missed earnings and cut guidance, signaling risks to growth. Revenue growth is expected to slow to about 5%. Capital spending and earnings targets may be pressured by market headwinds. The sector faces challenges that could hurt margins.
The market expects about 5% revenue growth and prices the stock roughly 15% above our valuation model's midpoint. Our model is below the Street's median estimate by about 14%. The market has priced in moderate growth but recent guidance cuts raise uncertainty.
Breaks if: Adjusted EBITDA falls below $8.0 billion in FY26
ONEOK aims to increase its Adjusted EBITDA guidance to a range of $8.0 billion to $8.5 billion for 2026.
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Stated in 2 of last 2 quarters. Adjusted EBITDA guidance increased to a range of $8.0 billion to $8.5 billion for 2026. The financials show a 13% increase in adjusted EBITDA to $2.0 billion in 2026-Q1, indicating progress towards the guidance range.
“Adjusted EBITDA guidance increased to a range of $8.0 billion to $8.5 billion.”
“Adjusted EBITDA midpoint of $8.1 billion.”
Breaks if: Capital expenditure exceeds $3.2 billion or falls below $2.7 billion in FY26
ONEOK plans to maintain its capital expenditure guidance between $2.7 billion and $3.2 billion for 2026.
Stated in 2 of last 2 quarters. Capital expenditure guidance for 2026 remains at $2.7 billion to $3.2 billion. The financials show capital expenditures of $864 million in 2026-Q1, aligning with the annual guidance range.
“Total 2026 capital expenditure guidance remains unchanged at approximately $2.7 billion to $3.2 billion.”
“Total 2026 capital expenditures are expected to range between $2.7 billion to $3.2 billion.”
Breaks if: EPS falls below $5.53 in FY26
ONEOK has increased its earnings per diluted share guidance to a midpoint of $5.53 for 2026.
Stated in 2 of last 2 quarters. EPS guidance increased to a midpoint of $5.53 for 2026. The financials report a diluted EPS of $1.23 in 2026-Q1, showing progress towards the annual guidance.
“Earnings per diluted share increased to a midpoint of $5.53.”
“Earnings per diluted share midpoint of $5.45.”