- Why Oneok Inc. (OKE) is a Top Momentum Stock for the Long-Term
May 13, 2026 · zacks.com
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- Energy sector has 'reinvigorated opportunities' amid volatile oil prices
May 12, 2026
Rising energy (XLE) and oil prices (CL=F, BZ=F) drove a good chunk of the inflation illustrated in April's Consumer Price Index (CPI) report, egged on by the prolonged US-Iran war and the closure of the Strait of Hormuz.
Jefferies managing director Julien Dumoulin-Smith shares his outlook on the energy and utility (XLU) sectors and where they may benefit from these volatile swings in the global energy trade.
Video Transcript
00:00 Speaker A
Energy prices drove a lot of the gains in April CPI as the US and Iran failed to agree on peace terms. So what does the volatility in oil prices mean for the global energy market?
00:12 Speaker A
I was reading through uh your note Julian that my producer sent me. It's it's a it's a technical one, Julian, but in simple terms, uh it sounds like what you're saying Julian is, okay, the war in the Middle East, it's keeping energy markets on edge, volatile, right? But some pipeline and storage companies um actually can profit from these kinds of market swings. Am I interpreting it right, Julian?
00:40 Julian
Yeah, absolutely, right? You should be thinking about this as an opportunity for a lot of the midstream sector to be doing quite well, right? I mean, we're looking at this space um having already guided up on the year, right? Realistically, this has been a phenomenal start to the year for the midstream space.
00:51 Julian
But writ writ large, right? I mean there's a lot of change at hand, right? So you don't necessarily need to just keep it with the the the sector in terms of midstream and seeing the the uptick and the great start to the year, and we're going to continue to see some of those outsized results
01:03 Julian
and continue to see moves towards export results, um export efforts through the course of this year. But again, you can pivot that conversation more globally, right? Um, it's not just the shortage of hydrocarbons that's out there. There's clearly an opportunity in the clean energy space to continue to see adoption of clean energy technologies, not just because they're deflating, but also because frankly, um there's a national security angle there. But we could go whichever direction you want.
01:23 Speaker A
Well, so in simple terms, Julian, when you see these market swings, there are companies who can actually make more money from that. What would be some examples there, Julian?
01:32 Julian
Yeah, absolutely. Look, um I I think in terms of just keeping it super simple here, uh we are seeing a backdrop where uh Williams is probably one of the most interesting midstream companies we see out there.
01:40 Julian
Again, I would say that this is going to be more of a longer-term opportunity across natural gas and power. Uh but ultimately, I think when you come back to the more acute near-term backdrop of what you're seeing out of the Middle East and seeing at least from a midstream angle some of the the opportunities. Look, look no further than uh ONEOK, right? for instance, in the context
01:55 Julian
of how they describe their opportunity uh around uh resurgent uh backdrop uh around uh frankly oil production in the Bakken and just seeing uh liquids improved.
02:05 Julian
Now again, there's a lot of other companies we can speak to, right? I mean, really, um there's a lot of uh opportunities across construction and reinvigorated uh opportunities with companies like Quanta and MasTec and Primoris.
02:14 Julian
In fact, if I were to flag a key opportunity here, um that stands out to me more much more than than than some of the other gyrations through 1Q. Uh Primoris down uh 50% last week on their results, really tied to some very discreet construction issues.
02:26 Julian
This company is going to pick it back up. If there's um a really key acute opportunity to step back in, I'd be looking at Primoris as a um as a real reacceleration of the back half of this year.
02:35 Julian
Uh Primoris has real clear gas generation awards coming up. Uh this is going to be one of the key recovery stories uh that frankly is underrated.
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- Truist Raises PT on ONEOK (OKE) Stock
May 12, 2026
ONEOK, Inc. (NYSE:OKE) is one of the Best Stocks Under $100 to Invest In Now. On May 4, Truist analyst Gabe Daoud lifted its price objective on the company’s stock to $93 from $91 and kept a “Hold” rating on the shares. This came as part of the broader research note covering the midstream energy names after the results for Q1. As per the analyst, the overall quarter was characterized by spread optimization, which drove improved financials and raises in guidance numbers.Truist Raises PT on ONEOK (OKE) Stock
In a separate release, on April 28, ONEOK, Inc. (NYSE:OKE) announced its higher Q1 2026 results and an increased 2026 financial guidance, with 12% growth in net income to $776 million, leading to $1.23 per diluted share. For FY 2026, the company increased its net income guidance to the midpoint of $3.5 billion. The guidance for earnings per diluted share rose to the midpoint of $5.53, while adjusted EBITDA guidance has been increased to the midpoint of $8.25 billion.
The improvement in guidance numbers demonstrates healthy business segment performance and increased opportunities throughout ONEOK, Inc. (NYSE:OKE)’s system.
ONEOK, Inc. (NYSE:OKE) is a midstream operator, which is engaged in providing gathering, processing, fractionation, transportation, storage, and marine export services.
While we acknowledge the potential of OKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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- ONEOK Inc (OKE) Shares Surge 3.1% -- What GF Score of 86 Tells Investors
May 11, 2026 · gurufocus.com
On May 11, 2026, ONEOK Inc (OKE) shares rose 3.1% to a current price of $87.79. This movement comes amidst a 52-week high of $95.30 and a low of $64.02, highlig
- Oneok (OKE) Reports Q1 Earnings: What Key Metrics Have to Say
May 8, 2026
For the quarter ended March 2026, Oneok Inc. (OKE) reported revenue of $9.62 billion, up 19.6% over the same period last year. EPS came in at $1.30, compared to $1.04 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.69 billion, representing a surprise of -0.69%. The company delivered an EPS surprise of +3.18%, with the consensus EPS estimate being $1.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Oneok performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Raw feed throughput - Natural Gas Liquids: 1,493.00 MBBL/d versus the two-analyst average estimate of 1,544.50 MBBL/d. Adjusted EBITDA- Natural Gas Gathering and Processing: $467 million versus the two-analyst average estimate of $510.53 million. Adjusted EBITDA- Refined Products & Crude: $492 million versus the two-analyst average estimate of $523.05 million. Adjusted EBITDA- Natural Gas Pipelines: $339 million compared to the $238.23 million average estimate based on two analysts. Adjusted EBITDA- Natural Gas Liquids: $706 million compared to the $682.35 million average estimate based on two analysts.
View all Key Company Metrics for Oneok here>>>
Shares of Oneok have returned -0.4% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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ONEOK, Inc. (OKE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Plains All American Q1 Earnings Miss Estimates, Revenues Increase Y/Y
May 8, 2026
Plains All American Pipeline, L.P. PAA reported first-quarter 2026 adjusted earnings of 39 cents per unit, which missed the Zacks Consensus Estimate of 41 cents by 4.88%. In the year-ago quarter, earnings were in line with the company’s reported figure.
The company reported GAAP earnings of 14 cents per unit compared with 49 cents in the year-ago period.
PAA’s Total Revenues
Net sales of $12.47 billion missed the Zacks Consensus Estimate of $12.54 billion by 0.54%. However, the top line increased 8.65% from the year-ago quarter’s figure of $11.5 billion.
Plains All American Pipeline, L.P. Price, Consensus and EPS Surprise
Plains All American Pipeline, L.P. price-consensus-eps-surprise-chart | Plains All American Pipeline, L.P. Quote
Highlights of PAA’s Earnings Release
Total costs and expenses were $12.1 billion, up 8.49% year over year. The increase was primarily due to a rise in purchases and related costs.
Operating income in the first quarter of 2026 was $405 million, up 13.76% from $356 million in the year-ago quarter.
Net interest expenses totaled $167 million, up 31.5% from the prior-year quarter’s level.
PAA’s Segmental Performance
The Crude Oil segment’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $582 million, up 4% from the year-ago quarter’s figure. This increase was primarily driven by synergies from the recently completed Cactus III pipeline acquisition and bolt-on acquisitions.
Adjusted EBITDA for the NGL segment was $145 million, down 23% from the prior-year period’s figure. This decrease was due to lower weighted average frac spreads and NGL sales volumes in the first quarter of 2026.
PAA’s Financial Update
As of March 31, 2026, cash and cash equivalents were $171 million compared with $328 million as of Dec. 31, 2025.
As of March 31, 2026, long-term debt was $10.96 billion compared with $10.7 billion as of Dec. 31, 2025.
As of March 31, 2026, long-term debt-to-total book capitalization was 53% compared with 52% as of Dec. 31, 2025.
PAA’s net cash provided by operating activities in the first three months of 2026 was $418.0 million compared with $639.0 million in the year-ago period.
PAA’s 2026 Guidance
For 2026, Plains All American expects adjusted EBITDA to be $2.88 billion. Adjusted free cash flow is anticipated to be $1.85 billion (excluding changes in assets and liabilities).
PAA remains focused on disciplined capital investments, expecting full-year 2026 growth capital and maintenance capital of $350 million and $185 million, respectively.
PAA’s Zacks Rank
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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Recent Releases
CNX Resources Corporation CNX reported first-quarter 2026 operating earnings of $1.21 per share, which beat the Zacks Consensus Estimate of 93 cents by 30.11%.
CNX’s long-term (three to five years) earnings growth rate is 34.74%. The Zacks Consensus Estimate for 2026 earnings is pinned at $2.95 per share, which implies a year-over-year increase of 16.14%
Murphy Oil Corporation MUR delivered first-quarter 2026 adjusted net earnings of 32 cents per share, surpassing the Zacks Consensus Estimate of 29 cents by 10.3%
MUR has a dividend yield of 3.66%. The Zacks Consensus Estimate for 2026 earnings is pinned at $3.38 per share, which implies a year-over-year increase of 146.72%
ONEOK Inc. OKE reported first-quarter 2026 operating earnings per share of $1.30, which beat the Zacks Consensus Estimate of $1.26 by 3.2%.
OKE’s long-term earnings growth rate is 2.39%. The Zacks Consensus Estimate for 2026 earnings is pinned at $5.57 per share, which implies a year-over-year increase of 2.77%.
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Plains All American Pipeline, L.P. (PAA) : Free Stock Analysis Report
ONEOK, Inc. (OKE) : Free Stock Analysis Report
CNX Resources Corporation. (CNX) : Free Stock Analysis Report
Murphy Oil Corporation (MUR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Oneok (OKE) Reports Q1 Earnings: What Key Metrics Have to Say
May 8, 2026 · zacks.com
Although the revenue and EPS for Oneok (OKE) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- Should You Be Adding ONEOK (NYSE:OKE) To Your Watchlist Today?
May 5, 2026
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up.
If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in ONEOK (NYSE:OKE). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
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ONEOK's Improving Profits
Even modest earnings per share growth (EPS) can create meaningful value, when it is sustained reliably from year to year. So it's no surprise that some investors are more inclined to invest in profitable businesses. ONEOK has grown its trailing twelve month EPS from US$5.13 to US$5.60, in the last year. That amounts to a small improvement of 9.4%.
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. On the revenue front, ONEOK has done well over the past year, growing revenue by 41% to US$35b but EBIT margin figures were less stellar, seeing a decline over the last 12 months. If EBIT margins are able to stay balanced and this revenue growth continues, then we should see brighter days ahead.
The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image.NYSE:OKE Earnings and Revenue History May 5th 2026
Check out our latest analysis for ONEOK
While we live in the present moment, there's little doubt that the future matters most in the investment decision process. So why not check this interactive chart depicting future EPS estimates, for ONEOK?
Are ONEOK Insiders Aligned With All Shareholders?
It's said that there's no smoke without fire. For investors, insider buying is often the smoke that indicates which stocks could set the market alight. That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. Of course, we can never be sure what insiders are thinking, we can only judge their actions.
Belief in the company remains high for insiders as there hasn't been a single share sold by the management or company board members. But the real excitement comes from the US$165k that Independent Director Brian L. Derksen spent buying shares (at an average price of about US$66.00). Purchases like this clue us in to the to the faith management has in the business' future.
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Along with the insider buying, another encouraging sign for ONEOK is that insiders, as a group, have a considerable shareholding. We note that their impressive stake in the company is worth US$106m. We note that this amounts to 0.2% of the company, which may be small owing to the sheer size of ONEOK but it's still worth mentioning. So despite their percentage holding being low, company management still have plenty of reasons to deliver the best outcomes for investors.
While insiders are apparently happy to hold and accumulate shares, that is just part of the big picture. That's because on our analysis the CEO, Pierce Norton, is paid less than the median for similar sized companies. For companies with market capitalisations over US$8.0b, like ONEOK, the median CEO pay is around US$15m.
ONEOK offered total compensation worth US$12m to its CEO in the year to December 2025. That comes in below the average for similar sized companies and seems pretty reasonable. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. Generally, arguments can be made that reasonable pay levels attest to good decision-making.
Is ONEOK Worth Keeping An Eye On?
One positive for ONEOK is that it is growing EPS. That's nice to see. On top of that, we've seen insiders buying shares even though they already own plenty. That makes the company a prime candidate for your watchlist - and arguably a research priority. Before you take the next step you should know about the 2 warning signs for ONEOK (1 can't be ignored!) that we have uncovered.
Keen growth investors love to see insider activity. Thankfully, ONEOK isn't the only one. You can see a a curated list of companies which have exhibited consistent growth accompanied by high insider ownership.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- Is ONEOK, Inc. (OKE) A Good Stock To Buy Now?
May 3, 2026
Is OKE a good stock to buy? We came across a bullish thesis on ONEOK, Inc. on Hazelnuts Research’s Substack. In this article, we will summarize the bulls’ thesis on OKE. ONEOK, Inc.'s share was trading at $84.69 as of April 21st. OKE’s trailing and forward P/E were 15.46 and 15.04 respectively according to Yahoo Finance.New Fortress Energy (NFE) Wins Support from Over 95% of Stakeholders for Restructuring
Pixabay/Public Domain
ONEOK Inc. (OKE) is a large North American midstream operator with a 60,000-mile pipeline network spanning natural gas, NGLs, crude oil, and refined products, connecting key basins like the Permian and Williston to major demand centers and export hubs. Roughly 90% of its earnings are fee-based, providing resilience against commodity price volatility.
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Following acquisitions of Magellan, EnLink, and Medallion, the company has significantly expanded its scale and integration capabilities. A key structural tailwind is the rising demand for reliable, continuous energy driven by AI data centers and semiconductor manufacturing, where natural gas is emerging as a critical bridge fuel. This demand is further supported by global supply disruptions, including the shutdown of Qatar’s Ras Laffan LNG facility, which has increased the strategic importance of U.S. energy exports.
Financially, ONEOK generated $33.6 billion in revenue and $5.42 in EPS over the last twelve months, with 2026 EBITDA guidance of ~$8.1 billion supported by acquisition synergies. The company offers a 4.9% dividend yield, well covered by free cash flow, while progressing toward its 3.5x leverage target by 2027. Despite these fundamentals, the stock has remained flat over the past year, creating a potential valuation disconnect.
Trading at ~15.5x earnings versus a historical ~20x multiple, ONEOK appears undervalued relative to its asset quality and growth positioning. The combination of deleveraging, AI-driven energy demand, and potential long-term contracts with large energy consumers could drive a rerating, while its stable, fee-based model and essential infrastructure provide downside protection.
Previously, we covered a bullish thesis on Kinder Morgan, Inc. (KMI) by Gregg Jahnke in October 2024, which highlighted the company’s expanding project backlog driven by AI-linked demand, reshoring trends, and potential regulatory tailwinds tied to political outcomes. KMI's stock price has appreciated by approximately 27.24% since our coverage. Hazelnuts Research shares a similar view but emphasizes on valuation disconnect, deleveraging, and AI-driven structural demand supporting ONEOK Inc.’s rerating potential.
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ONEOK, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held OKE at the end of the fourth quarter which was 42 in the previous quarter. While we acknowledge the risk and potential of OKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKE and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
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- This Dividend ETF Is up 30% in 6 Months With a 3.7% Dividend Yield
May 2, 2026
Quick Read
VanEck Energy Income ETF (EINC) returned 30% over six months as crude surged from $60.89 to over $100 per barrel, but the fund’s gains came primarily from capital appreciation driven by higher oil prices rather than from its headline 3.6% distribution yield. Holdings include Williams Companies (WMB), Enbridge (ENB), TC Energy (TRP), Kinder Morgan (KMI), and ONEOK (OKE), which operate North American midstream infrastructure collecting tolls on oil and gas movement. EINC’s recent outperformance masks its hybrid nature: it behaves like a commodity-leveraged vehicle rather than a pure income play because higher oil prices drive increased drilling volume and contract renegotiations that boost midstream throughput and cash flows. The analyst who called NVIDIA in 2010 just named his top 10 stocks and VanEck Energy Income ETF wasn't one of them. Get them here FREE.
Most energy ETFs are a way to play oil prices. The VanEck Energy Income ETF (NYSEARCA:EINC) is something more boring and arguably more useful. EINC has a basket of pipeline operators. These operators are paid by the barrel regardless of what crude does. The pitch is fee-based cash flows, the kind of economics that deliver steady distributions while you do something else with your life.
Then crude went from $60.89 a barrel in October 2025 to over $100, and the boring pipeline ETF returned 30% over six months. Which is a nice problem to have, and also a useful moment to ask what role this fund is actually playing in your portfolio.
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What EINC Is Trying to Do
EINC holds North American midstream energy infrastructure. It essentially holds the pipelines and processing plants that move oil and gas from where it comes out of the ground to where it gets used. The marquee names you would recognize are Williams Companies (NYSE:WMB), Enbridge (NYSE:ENB), TC Energy (NYSE:TRP), Kinder Morgan (NYSE:KMI), and ONEOK (NYSE:OKE), with the fund running roughly 68% U.S. and 32% Canada.
The return engine here is conceptually simple. Pipelines charge tolls. Producers pay those tolls under multi-year contracts, often with inflation escalators, regardless of whether oil is at $50 or $100. The pipeline operator collects a spread, distributes most of it to shareholders, and the ETF passes that through to you. The expense ratio is 0.46%, which is reasonable for an actively curated energy income strategy.
You get exposure to energy demand without the full whiplash of commodity prices, in theory. The dividend, currently around 3.6% trailing, should be the headline reason you own this. Capital appreciation is just a bonus.
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The Six-Month Reality Check
The bonus has been doing most of the work. EINC is up 28% over the past year and 23% year-to-date in 2026, with the fund trading at about $121. Over five years, total return sits at 184%.
That is a real number, and it is also a number you should interrogate. Midstream stocks tend to track crude prices more than their fee-based marketing suggests, because higher oil prices encourage more drilling, which fills more pipelines, which raises throughput volumes and renegotiated contract rates. The BEA shows the mining sector (which captures upstream oil and gas extraction) contracting 2.2% in Q4 2025 even as utilities held steady. Midstream sits between those two worlds, which is why EINC behaves like a hybrid commodity-and-income vehicle rather than a pure utility.
The fund's primary benefit has been capital growth rather than a stable, high-income stream. If you bought EINC in late 2025 expecting boring monthly tollbooth checks, what you actually got was a six-month rip due to oil reverting higher.
The Tradeoffs Worth Naming
The yield trails Treasuries. A 3.6% yield is roughly in line with or below short-dated risk-free rates, which means you are taking equity risk and energy concentration risk for income you could get from a T-bill. The capital appreciation has more than compensated recently. That is not a guarantee about the next six months. Distributions are lumpy. Quarterly payouts are variable, with the most recent being $0.6845 per share on November 3, 2025. Retirees expecting a smooth monthly check from this fund will find the actual cash flow pattern bumpier than the headline yield suggests. Concentration is real. EINC is 100% energy sector, dominated by a handful of large midstream operators. When the energy trade works, like it has, the fund flies. When sentiment sours and the mining sector contracts, as it did through most of 2024 and 2025, midstream moves in tandem despite the fee-based story.
EINC fits as a 5-10% energy infrastructure sleeve for investors who want pipeline cash flows alongside meaningful upside when crude rallies, with the understanding that the recent 30% return was largely an oil-price gift rather than a yield story you can extrapolate forward.
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