Added to YB: 2026-05-26
Pitch date: 2026-05-23
OKE [bullish]
ONEOK, Inc.
Author Info
No bio for this author
Company Info
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Market Cap
$59.2B
Pitch Price
N/A
Price Target
N/A
Dividend
4.55%
EV/EBITDA
11.79
P/E
16.79
EV/Sales
2.64
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Getting Paid to Wait on a Midstream Cash Machine - ONEOK, Inc.
OKE: Sold 1,330 Sept $75 puts @ $0.90 for $119,700 premium (21% below current). 4.6% yield becomes 5.78% at $74.10 cost basis; 4% dividend hike locked for '25. Q1 '26: net income +12% to $776M, EBITDA +13% to $2B, rev $9.62B. FY26 guidance raised, EBITDA midpoint $8.25B (+$150M). Analyst PTs $84-$113. Bear case needs Iran premium unwinding + demand softening + 10% drop. Structural tailwinds: $150M synergies, TCX LPG terminal '28, no cash taxes till '29.
Read full article (2 min)