ONEOK Inc beats Q2 EPS estimates on record natural gas liquids volumes, raises 2026 outlook

The current average analyst rating on the shares is "buy", with 9 strong buy or buy ratings, 16 hold ratings, and no sell or strong sell ratings.

The average consensus recommendation for the oil & gas transportation services peer group is "buy". Wall Street's median 12-month price target for ONEOK is $95.00, about 4.6% above its July 31 closing price of $90.81. The stock recently traded at 15 times the next 12-month earnings, versus a P/E of 16 three months ago.

ONEOK Inc beat analyst expectations for second-quarter adjusted earnings, helped by record natural gas liquids volumes.

The U.S. midstream operator reported adjusted earnings per share of $1.53, above the analyst consensus estimate of $1.46 from 15 analysts. Adjusted EBITDA came in at $2.12 billion, slightly above the $2.10 billion consensus estimate from 17 analysts. Net income was $967 million.