Seeking Alpha
03 Nov 2026, 12:38 UTC · 1h ago
ONEOK: A Smart Deal Unlocks More Growth (Rating Upgrade)
Impact · against what's priced in
The rating upgrade for ONEOK is not a catalyst because the market already prices in the Brazos Midstream acquisition and Permian expansions. The projected 2027 EBITDA growth is a target for valuation models rather than a new fundamental shift that the current price has ignored.
- OKE+0.00
Already priced in
- The price assumes
The Brazos Midstream deal and existing Permian processing expansions
The upgrade is based on the Brazos Midstream acquisition and projected $9.2 billion 2027 EBITDA, both of which the market already accounts for in its current valuation.
What OKE's price assumes · Sep 24
