-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
OKE posted Q1 EPS of $1.23 vs $1.04 prior year, missing consensus by $0.07, while adjusted EBITDA of $2.0B rose 13% Y/Y due to strong volume performance across most segments and enhanced optimization activities. The Natural Gas Pipelines segment led growth, with EBITDA surging 60% to $339M, primarily from $92M increased optimization and marketing activity, including $70M favorable Waha-Katy price differentials and $19M from Winter Storm Fern impacts. Natural Gas Gathering & Processing faced commodity headwinds, with EBITDA declining 5% to $467M despite broad-based volume improvements, while Natural Gas Liquids segment generated solid 11% EBITDA growth to $706M. OKE raised 2026 guidance, with net income increased to $3.5B midpoint and adjusted EBITDA to $8.25B midpoint, reflecting strong segment performance and improved market conditions. The company maintained capex guidance at $2.7B-$3.2B while completing strategic initiatives including the Permian plant relocation and $491M debt redemption.