RBC raises target for ONEOK stock from USD 90 to USD 96

Published on 10/22/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ONEOK stock faces third-quarter results on October 27, 2026. A USD 1.07 dividend is payable November 16, 2026, after the October 14 declaration.

Targets, results and capital returns

RBC Capital lifted its ONEOK target from USD 90.00 to USD 96.00 on October 21, 2026.
ONEOK reported second-quarter revenue of USD 12.05 billion and diluted earnings per share of USD 1.53.
ONEOK declared a USD 1.07 quarterly dividend on October 14, 2026, payable November 16, 2026.
Third-quarter results are scheduled for October 27, 2026, followed by a conference call on October 28, 2026.

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ONEOK Inc. (ISIN US30609A1097) received a higher USD 96.00 price target from RBC Capital, up from USD 90.00, in a note dated October 21, 2026, as reported by Markets Insider. The company is scheduled to release third-quarter results on October 27, 2026.

Three recent corporate milestones

On October 6, 2026, ONEOK completed its acquisition of Brazos Midstream's Permian Midland Basin assets for cash consideration of USD 4.425 billion. The deal more than doubled Midland Basin processing capacity to 2.3 billion cubic feet per day.

On October 14, 2026, ONEOK declared a quarterly dividend of USD 1.07 per share, unchanged from the previous quarter, according to ONEOK. On October 21, 2026, RBC Capital raised its target from USD 90.00 to USD 96.00, citing the acquisition, insurance capital financing and debt paydown, Markets Insider reported.

What does the higher target reflect?

RBC said ONEOK was positioned to grow adjusted earnings before interest, taxes, depreciation and amortization at a mid-to-high single-digit rate over the coming years. The focus on integration follows second-quarter revenue of USD 12.049 billion, net income attributable to common shareholders of USD 966.00 million and diluted earnings per share of USD 1.53, according to MarketBeat. The prior quarter produced revenue of USD 9.618 billion and diluted earnings per share of USD 1.23.

Results and dividend dates

ONEOK will release third-quarter 2026 earnings after the market closes on October 27, 2026, with a conference call scheduled for October 28, 2026, at 11:00 a.m. ET. The USD 1.07 dividend is payable on November 16, 2026, to shareholders of record at the close of business on November 2, 2026.

Integrated infrastructure remains central

ONEOK operates gathering, processing, fractionation, transportation and storage assets across its natural gas and natural gas liquids network. The company is listed on the NYSE under ticker OKE and is a member of the S&P 500.