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ONEOK raises 2026 guidance after strong Q2 and $4.425B acquisition, with solid dividend and growth outlook.

Company Fundamentals
01 Oct 2026
Seeking Alpha
View Source
Bullish
ONEOK raises 2026 guidance after strong Q2 and $4.425B acquisition, with solid dividend and growth outlook.

ONEOK increased its full-year 2026 guidance for the second time, driven by strong second-quarter results and a $4.425 billion acquisition of Brazos Midstream. The company's adjusted EBITDA guidance is now $8.35 billion, with EPS expected at $5.68, despite a compressed forward valuation of 14.75 times EPS. Growth is supported by major projects nearing completion, a favorable macroeconomic environment, and a capital-efficient acquisition that reduces debt and maintains share count. With a forward dividend yield of 4.93% and strong free cash flow coverage, ONEOK remains well-positioned for potential further guidance increases and continued investor confidence.

ONEOK's forward dividend yield stands at 4.93%, reflecting its strong cash flow and recent guidance raise. For readers following the Energy sector, here is Pluang's market snapshot as of Oct 01, 2026 19:16 WIB: among 38 priced US Energy stocks, 24 advanced and 13 declined. Notable movers include Occidental Petroleum Corporation (OXY) at USD 55.77 with a 69% buy order activity, Equinor ASA (EQNR) at USD 41.27 with 92% sell order activity, and Transocean Ltd (RIG) at USD 5.28 with a typical hold time of 17 days on Pluang.

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