- Scotiabank maintains a “Sector Perform” rating for ONEOK, suggesting performance in line with the energy sector.
- ONEOK completed a significant $4.425 billion acquisition of Brazos Midstream’s natural gas assets, doubling its Permian Midland Basin processing capacity.
- The company declared a stable quarterly dividend of $1.07 per share, totaling $4.28 per share annually.
ONEOK (NYSE: OKE) is a leading natural gas midstream company that gathers, processes, and transports natural gas and natural gas liquids. Scotiabank maintains a “Sector Perform” rating and a hold action on ONEOK. This rating suggests the bank expects the stock to perform roughly in line with its sector. ONEOK trades at $90.45 when the update is posted.
ONEOK recently completed a roughly $4.425 billion cash acquisition of Brazos Midstream’s natural gas gathering and processing assets in the Permian Midland Basin. This strategic deal more than doubles ONEOK’s natural gas processing capacity in the region to approximately 2.3 billion cubic feet per day, including facilities under construction. The acquired system boasts roughly 600,000 dedicated acres under long-term contracts, reinforcing ONEOK’s Permian Basin expansion.
ONEOK also declared a quarterly dividend of $1.07 per share, unchanged from the previous quarter. This consistent payout equals $4.28 per share over a year if the payment remains stable. The dividend is payable on Nov. 16, 2026, to shareholders who own the stock at the close of business on Nov. 2, 2026.
A separate quote puts ONEOK’s stock price at $90.65, reflecting a decline of 1.44% ($1.33) compared with $90.45 when Scotiabank’s update was posted. As highlighted by Zacks Investment Research, two oil and energy stocks could potentially beat earnings expectations. However, the provided article text does not name those specific stocks or offer an ONEOK-specific forecast, thus providing no direct earnings support for ONEOK.
