Apollo Global Management stock slips. ONEOK deal adds $9 billion
Published on 08/31/2026 at 08:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Apollo Global Management Inc. (US0376123065) is in the market again after ONEOK said on August 30, 2026 that Apollo-managed funds will provide a $9 billion minority equity investment tied to a $4.425 billion asset purchase.
The same source says ONEOK plans to fund the deal with the Apollo capital and that the transaction implies about 7.5 times estimated 2027 EBITDA, while Apollo's own latest reported quarter showed $2.11 in EPS and $5.57 billion in revenue on August 4, 2026.
Deal size and earnings gap
That combination gives Apollo investors two numbers to watch at once: the new $9 billion capital commitment on one side and the second-quarter miss on the other, where EPS came in $0.05 below the $2.16 consensus and revenue trailed the $5.65 billion estimate.
Market data also puts the stock in a clear frame. Apollo shares opened at $135.39, the market value stood at $79.95 billion, and the 52-week range ran from $99.56 to $153.29.
What the latest quarter showed
The quarter ended June 30, 2026 added another comparison point, because Apollo's EPS rose from $1.92 in the same period a year earlier to $2.11 this year. That is a year-over-year increase of $0.19, even though the reported figure still missed expectations.
Analyst tone remains constructive, with a consensus rating of Moderate Buy and an average price target of $152.77. On that measure, the stock closed the gap versus the target to $17.38 from the August 30 opening level of $135.39.
Private credit angle
Apollo's business mix matters because the company keeps linking private equity, credit, and real assets to one balance sheet. The ONEOK financing reinforces that role, since the Apollo investment sits alongside a large energy infrastructure transaction and a long-duration asset base of 600,000 dedicated acres.
The company also declared a quarterly dividend of $0.5625 per share, equal to an annualized $2.25 and a 1.7% yield, with the payment scheduled for August 31, 2026.
Inside the portfolio
Apollo Global Management's platform spans private equity, direct lending, structured credit, buyouts, and real assets, which is why large financing packages can move through its ecosystem alongside public-market earnings. The ONEOK transaction shows how that model can surface in a single headline: one deal, one capital commitment, and one more visible use case for Apollo-managed money.
Market level
With shares last opened at $135.39, Apollo trades below the $153.29 52-week high and above the $99.56 low. The latest reported quarter, August 4, 2026, and the new ONEOK financing detail give the stock two dated reference points heading into the next session.
Fact box
Company: Apollo Global Management Inc.
ISIN: US0376123065
Ticker: APO
Exchange: NYSE
Price (as of August 30, 2026): $135.39 USD
Market cap: $79.95 billion (as of August 30, 2026)
Sector / Industry: Financials / Asset Management & Custody Banks
Index membership: S&P 500
