ONEOK stock trades at USD 88.62 after its reorganization

Published on 09/29/2026 at 06:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ONEOK stock had a USD 55.8 billion market value on September 28, 2026. Q2 revenue reached USD 12.05 billion and 2026 EPS guidance is USD 5.38-5.99.

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ONEOK stock (ISIN US6826801036) was trading at USD 88.62 on the NYSE on September 28, 2026, at 4:00 p.m. ET, with a daily change of -0.01 percent. A September 28 Form 15 filing marks the latest step in the company reorganization, which converted each legacy share into one successor share with the same rights, according to StockTitan.

Reorganization reshapes the stock record

The filing separates the reporting history of legacy ONEOK from the successor issuer while preserving the economic rights attached to each share. For shareholders, the corporate action is therefore primarily an identification and reporting transition rather than an operating change.

ONEOK's debt refinancing also remains central to the transition. In a September 15 release, GlobeNewswire reported that the company expected to accept USD 2.0 billion of notes in its tender offers. The program forms part of a broader debt repayment plan and links the reorganization to capital structure management.

Q2 revenue reaches USD 12.05 billion

ONEOK reported second-quarter 2026 operating revenue of USD 12.05 billion, up 52.8 percent from USD 7.89 billion in the year-earlier quarter. Operating EPS was USD 1.53, exceeding the USD 1.39 consensus estimate by 10.07 percent, according to Yahoo Finance.

The same report said adjusted EBITDA rose 7.1 percent to USD 2.12 billion and that ONEOK increased its 2026 net income guidance to USD 3.41 billion-USD 3.79 billion. The corresponding diluted EPS guidance is USD 5.38-5.99, giving the stock a current earnings framework against which the reorganization can be measured.

Analysts set targets above the quote

Analyst targets remain higher than the September 28 quote. MarketBeat lists Capital One Financial at an Overweight rating with a USD 110.00 target dated September 22, 2026.

MarketBeat also records Morgan Stanley raising its target from USD 105.00 to USD 112.00 on September 9, 2026, while maintaining an Equal Weight rating. Its analyst table shows a USD 96.88 average target across 20 analysts, compared with the USD 88.62 NYSE quote used here.

ONEOK stock stays near USD 89

ONEOK stock was trading at USD 88.62 on the NYSE on September 28, 2026, at 4:00 p.m. ET. The 52-week range was USD 64.02-99.85, while market capitalization stood at USD 55.8 billion and volume reached 3,250,081 shares.