Barclays resumed coverage on ONEOK with a new price target

Jefferies raised its price target for Oneok Inc (NYSE:OKE) to $97 from $94, citing strong Q3 performance driven by butane blending. The firm increased its 2026 EBITDA estimate above company guidance. Oneok's stock is up 33.5% YTD and 48% over the past year. The company reported Q3 EPS of $2.13, beating estimates of $1.50, and revenue of $10.6B, slightly above forecasts. Oneok raised its full-year outlook for the third time this year.

ONEOK (OKE) reported Q3 earnings, with CEO Pierce Norton highlighting record Permian Basin volumes and successful integration of Brazos Midstream assets. The company expects capital spending of around $3 billion in 2027, with projects supporting NGL and refined products growth. Total NGL throughput increased 6% YoY, and the company plans several expansions, including the Bighorn processing plant and Delaware NGL expansion.

ONEOK (OKE) reported Q3 2026 net income of $1.35B ($2.13 EPS) and adjusted EBITDA of $2.24B, up 6% YoY. The company raised 2026 guidance, targeting $4.18B net income and $8.55B adjusted EBITDA. Growth is driven by demand across natural gas, NGLs, and exports, supported by the Brazos acquisition. ONEOK expects mid-to-high single-digit EBITDA growth over the next 5-7 years. The company also announced plans to operate with lower leverage and increased capital expenditures.

ONEOK (OKE) reported strong Q3 2026 results, driven by record Permian Basin volumes. The company raised its 2026 adjusted EBITDA midpoint to ~$8.55B and outlined a $3.25x leverage target. This is the third time in 2026 that ONEOK has increased its financial guidance.

Oneok Inc. (OKE) reported Q3 earnings of $1.35B, or $2.13 per share, exceeding analyst estimates. Revenue was $12.46B, also surpassing forecasts. The company expects full-year earnings of $6.30 per share, according to Zacks Investment Research.

ONEOK (OKE) reported Q3 2026 adjusted EBITDA of $2.24B, up 6% sequentially, and raised full-year guidance to $8.55B. Net income was $1.38B. The company completed a $9B equity investment and reduced $5.5B in debt. Shares trade near $95.22, with a 35.6% YTD return. Growth projects and Permian expansion drive outlook.