New York, Feb 3, 2026, 08:53 (EST) — Premarket
- ONEOK shares climbed roughly 0.8% in premarket following a 3.6% slide in the previous session.
- The stock went ex-dividend on Feb. 2, with a quarterly payout of $1.07 scheduled for Feb. 13.
- Investors are eyeing the Feb. 23 results and the Feb. 24 conference call for clues on 2026.
ONEOK shares climbed roughly 0.8% to $75.95 in premarket action on Tuesday, rebounding after a 3.6% drop the day before that left the stock at $75.32.
This move is significant since Monday’s decline coincided with the shares going ex-dividend — so anyone buying from Feb. 2 won’t receive the upcoming payout. Ex-dividend dates often cause a mechanical dip in share price, but things can get complicated as income investors adjust their positions around these dates.
ONEOK bumped its quarterly dividend to $1.07 per share, pushing the annual rate to $4.28—a 4% rise over the previous payout, the company announced in January. This boost has kept the stock attractive on dividend-focused screens, despite the shares falling short of last year’s peak levels.
Midstream covers pipelines and processing within the energy sector. It frequently behaves more like an income stock, where dividends drive interest just as much as concerns about the balance sheet.
ONEOK slipped on Monday, bucking a broader rally. The S&P 500 climbed 0.54%, and the Dow Jones Industrial Average added 1.05%, yet ONEOK dropped amid heavier-than-average volume, per a session recap.
A new note from US Capital Advisors cut its Q4 2025 EPS estimate for ONEOK to $1.55 from $1.57, according to MarketBeat. This adds another data point as investors zero in on the February earnings release.
Wall Street is showing caution. On Jan. 27, JPMorgan Chase & Co. downgraded ONEOK from Overweight to Neutral, slashing its price target to $83. The move reflects worries over growth and uncertainty about the company’s future prospects.
The company has also been careful to control the narrative around governance. “ONEOK’s Board is pleased to welcome both Mark and Precious to the ONEOK board,” board chair Julie H. Edwards said in a Jan. 26 statement announcing the new directors. ONEOK
ONEOK is set to report its fourth-quarter and full-year 2025 earnings after the market close on Feb. 23. The company will hold a conference call at 11 a.m. Eastern on Feb. 24.
Still, the stock remains sensitive to more than just earnings. Dividend-heavy names often shift sharply on rate changes, and unexpected news on leverage, capital spending, or payout coverage can quickly alter sentiment.
Traders will first see if the premarket gains hold once the market opens. Then, all eyes turn to Feb. 13 for the dividend payout, and crucially, Feb. 23–24 when earnings and guidance drop.
