StreetInsider.com News Articles

ONEOK Inc (OKE) PT Raised to $104 at Truist Securities

Wed, 02 Sep 2026 09:32:44 -0400

(Updated - September 2, 2026 9:32 AM EDT)

Truist Securities analyst Gabe Daoud raised the price target on ONEOK Inc (NYSE: OKE) to $104.00 (from $93.00) while maintaining a Hold rating.

The analyst commented: "We view the dual announcements of the Brazos Midland acquisition and Apollo financing agreement favorably for OKE. The acquisition helps bolster its Permian G&P footprint after its EnLink acquisition previously, with downstream pieces the main beneficiaries as Midland volumes are placed onto the West Texas NGL pipe, potentially frac'd at Medford, and add incremental supply to the Gulf Coast export facility. Near-term, the Apollo agreement provides some leeway

ONEOK Inc (OKE) PT Raised to $104 at Truist Securities

Wed, 02 Sep 2026 09:32:44 -0400

(Updated - September 2, 2026 9:32 AM EDT)

Truist Securities analyst Gabe Daoud raised the price target on ONEOK Inc (NYSE: OKE) to $104.00 (from $93.00) while maintaining a Hold rating.

ONEOK Inc (OKE) PT Raised to $106 at Wells Fargo

Wed, 02 Sep 2026 05:14:21 -0400

Wells Fargo analyst Praneeth Satish raised the price target on ONEOK Inc (NYSE: OKE) to $106.00 (from $98.00) while maintaining a Overweight rating.

The analyst comments "Key Investor Debates (1) FCF Is Dilutive. After deducting NCI to Apollo, we estimate Brazos/Apollo are 6% dilutive to our 2027 FCF/sh forecast. Notably, a portion of these distrib represents a return OF capital, which reduces OKE's eventual buyout cost in year 8. Looking at only return ON capital distributions, FCF could be 2% accretive. In addition, OKE appears to be over-equitizing the deal. As that financial flexibility is redeployed into future projects, we'd expect

ONEOK Inc (OKE) PT Raised to $106 at Wells Fargo

Wed, 02 Sep 2026 05:14:21 -0400

Wells Fargo analyst Praneeth Satish raised the price target on ONEOK Inc (NYSE: OKE) to $106.00 (from $98.00) while maintaining a Overweight rating.

ONEOK Inc (OKE) PT Raised to $106 at JPMorgan

Tue, 01 Sep 2026 08:04:03 -0400

JPMorgan analyst Jeremy Tonet raised the price target on ONEOK Inc (NYSE: OKE) to $106.00 (from $95.00) while maintaining a Neutral rating.

ONEOK Inc (OKE) PT Raised to $95 at Scotiabank

Tue, 01 Sep 2026 07:07:05 -0400

(Updated - September 1, 2026 7:07 AM EDT)

Scotiabank analyst Holly Stewart raised the price target on ONEOK Inc (NYSE: OKE) to $95.00 (from $89.00) while maintaining a Sector Perform rating.

The analyst commented: "Following the company’s brief conference call and spending more time digging into the numbers, we now take a more mixed view. We reiterate that growing the Permian liquids value chain is positive and the correct strategic move. However, while Brazos adds scale quickly, the price of said scale leaves us wanting. What’s more, the guided leverage mark of 3.25x implies $8.6B in EBITDA pro-forma (Street at $8.6B pre-deal).

Our

ONEOK Inc (OKE) PT Raised to $95 at Scotiabank

Tue, 01 Sep 2026 07:07:05 -0400

(Updated - September 1, 2026 7:07 AM EDT)

Scotiabank analyst Holly Stewart raised the price target on ONEOK Inc (NYSE: OKE) to $95.00 (from $89.00) while maintaining a Sector Perform rating.

Our

Form 8-K ONEOK INC /NEW/ For: Aug 28

Mon, 31 Aug 2026 17:09:00 -0400

si-local-file:///var/storage/secattach/20260831/27006731.html

ONEOK (OKE) Reiterated at Neutral by UBS as Brazos Midstream Deal Agreement Announced

Mon, 31 Aug 2026 07:04:52 -0400

UBS analyst Manav Gupta reiterated a Neutral rating and $108.00 price target on ONEOK Inc (NYSE: OKE).

The analyst commented, "OKE announced a definitive agreement to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for approximately $4.4 billion in cash. The transaction will be funded through a $9Bn non-voting minority equity investment from funds and affiliates managed by Apollo, with ONEOK planning to use roughly $5Bn of the proceeds to reduce existing indebtedness. Strategically, the acquisition expands OKE's scale in the Midland Basin, advances its integrated wellhead-to-water strategy, and further strengthens connectivity across its natural gas and

ONEOK launches $2B tender offer as part of $5B debt repayment plan

Mon, 31 Aug 2026 06:03:52 -0400

ONEOK, Inc. (NYSE: OKE) has launched cash tender offers to purchase up to $2 billion in aggregate principal amount of outstanding debt securities across 20 series of senior notes, according to a press release dated Aug. 30, 2026.

The tender offers are part of a previously announced plan to repurchase or repay $5 billion of ONEOK's senior debt. The company reserves the right to increase the $2 billion aggregate maximum tender amount at any time.

The 20 note series included in the offers carry maturities ranging from 2029 to 2064, with interest rates between 3.10% and 5.85%. Early tender premiums are set

ONEOK launches $2B tender offer as part of $5B debt repayment plan

Mon, 31 Aug 2026 06:03:52 -0400

The 20 note series included in the offers carry maturities ranging from 2029 to 2064, with interest rates between 3.10% and 5.85%. Early tender premiums are set

ONEOK Announces Cash Tender Offers in Connection with $5 Billion Debt Repayment Plan

Sun, 30 Aug 2026 16:45:00 -0400

TULSA, Okla., Aug. 30, 2026 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the commencement of cash tender offers ("Tender Offers") to purchase up to an aggregate principal amount that will not result in an aggregate purchase price that exceeds $2 billion (subject to increase or decrease by ONEOK, the "Aggregate Maximum Tender Amount") of its outstanding debt securities of the 20 series listed in the table below (the "Notes" and, each series, a "series of Notes"), subject to the order of priority (the "Acceptance Priority Levels") as set

ONEOK Announces Cash Tender Offers in Connection with $5 Billion Debt Repayment Plan

Sun, 30 Aug 2026 16:45:00 -0400

ONEOK to buy Brazos Midstream Permian assets for $4.43B

Sun, 30 Aug 2026 16:40:19 -0400

ONEOK, Inc. (NYSE: OKE) has agreed to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion in cash, according to a company press release.

To fund the deal, ONEOK has entered into an agreement with Apollo (NYSE: APO) for a $9 billion nonvoting minority equity investment in a newly formed holding company, ONEOK Holdings, L.L.C. ONEOK intends to use $5 billion of those proceeds to retire existing debt, which the company said would reduce pro forma 2027 leverage to approximately 3.25 times debt-to-EBITDA.

The Apollo investment carries an internal rate of return capped at 7.0% for

ONEOK to buy Brazos Midstream Permian assets for $4.43B

Sun, 30 Aug 2026 16:40:19 -0400

ONEOK, Inc. (NYSE: OKE) has agreed to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion in cash, according to a company press release.

The Apollo investment carries an internal rate of return capped at 7.0% for

ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

Sun, 30 Aug 2026 16:40:00 -0400

Acquisition Increases Momentum Toward the High End of ONEOK's Mid- to High-
Single-Digit Adjusted EBITDA Growth Target Over the Next Five to Seven Years

Expected to Be Immediately Accretive to Earnings and Free Cash Flow Per Share

$9 Billion Minority Equity Investment from Apollo
Funds Acquisition and $5 Billion Debt Extinguishment

Accelerates Deleveraging to 3.25x Debt-to-EBITDA with
No Issuance of Common Equity

Accelerates ONEOK's Flexibility for Capital Allocation Including Organic Growth,
Potential Dividend Increases and Share Buybacks

TULSA, Okla., Aug. 30, 2026 /PRNewswire/ --

ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

Sun, 30 Aug 2026 16:40:00 -0400

Acquisition Increases Momentum Toward the High End of ONEOK's Mid- to High-
Single-Digit Adjusted EBITDA Growth Target Over the Next Five to Seven Years

Expected to Be Immediately Accretive to Earnings and Free Cash Flow Per Share

$9 Billion Minority Equity Investment from Apollo
Funds Acquisition and $5 Billion Debt Extinguishment

Accelerates Deleveraging to 3.25x Debt-to-EBITDA with
No Issuance of Common Equity

Accelerates ONEOK's Flexibility for Capital Allocation Including Organic Growth,
Potential Dividend Increases and Share Buybacks

TULSA, Okla., Aug. 30, 2026 /PRNewswire/ --

ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

Sun, 30 Aug 2026 16:40:00 -0400

Acquisition Increases Momentum Toward the High End of ONEOK's Mid- to High-
Single-Digit Adjusted EBITDA Growth Target Over the Next Five to Seven Years

Expected to Be Immediately Accretive to Earnings and Free Cash Flow Per Share

$9 Billion Minority Equity Investment from Apollo
Funds Acquisition and $5 Billion Debt Extinguishment

Accelerates Deleveraging to 3.25x Debt-to-EBITDA with
No Issuance of Common Equity

Accelerates ONEOK's Flexibility for Capital Allocation Including Organic Growth,
Potential Dividend Increases and Share Buybacks

TULSA, Okla., Aug. 30, 2026 /PRNewswire/ --

ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

Sun, 30 Aug 2026 16:40:00 -0400

Acquisition Increases Momentum Toward the High End of ONEOK's Mid- to High-
Single-Digit Adjusted EBITDA Growth Target Over the Next Five to Seven Years

Expected to Be Immediately Accretive to Earnings and Free Cash Flow Per Share

$9 Billion Minority Equity Investment from Apollo
Funds Acquisition and $5 Billion Debt Extinguishment

Accelerates Deleveraging to 3.25x Debt-to-EBITDA with
No Issuance of Common Equity

Accelerates ONEOK's Flexibility for Capital Allocation Including Organic Growth,
Potential Dividend Increases and Share Buybacks

TULSA, Okla., Aug. 30, 2026 /PRNewswire/ --

ONEOK Inc (OKE) PT Raised to $105 at Morgan Stanley

Tue, 18 Aug 2026 08:55:41 -0400

Morgan Stanley analyst Robert Kad raised the price target on ONEOK Inc (NYSE: OKE) to $105.00 (from $103.00) while maintaining a Equalweight rating.

ONEOK Releases Annual Corporate Sustainability Report

Wed, 05 Aug 2026 16:15:00 -0400

TULSA, Okla., Aug. 05, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced the release of its annual Corporate Sustainability Report.

The report is available on ONEOK’s website, www.oneok.com.

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At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude

ONEOK Releases Annual Corporate Sustainability Report

Wed, 05 Aug 2026 16:15:00 -0400

TULSA, Okla., Aug. 05, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced the release of its annual Corporate Sustainability Report.

The report is available on ONEOK’s website, www.oneok.com.

ONEOK Releases Annual Corporate Sustainability Report

Wed, 05 Aug 2026 16:15:00 -0400

TULSA, Okla., Aug. 05, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced the release of its annual Corporate Sustainability Report.

The report is available on ONEOK’s website, www.oneok.com.

ONEOK Releases Annual Corporate Sustainability Report

Wed, 05 Aug 2026 16:15:00 -0400

TULSA, Okla., Aug. 05, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced the release of its annual Corporate Sustainability Report.

The report is available on ONEOK’s website, www.oneok.com.

Freedom Broker Upgrades ONEOK Inc (OKE) to Buy

Wed, 05 Aug 2026 11:37:38 -0400

Freedom Broker analyst Sergey Pigarev upgraded ONEOK Inc (NYSE: OKE) from Hold to Buy with a price target of $105.00 (from $102.00).

The analyst comments "ONEOK delivered a strong Q2’26 performance, with revenue and adjusted EPS exceeding consensus expectations on broad-based volume growth across its operating segments. Higher system utilization, increased optimization and marketing activity, and record NGL volumes supported growth in adjusted EBITDA and net income. Reflecting the stronger operating performance, management raised its FY26 adjusted EBITDA and net income guidance, implying a higher earnings run rate in H2’26. While the full-year capital spending outlook was maintained, with management expecting