ONEOK Raises 2026 Guidance on Surging Data Center Energy Demand

Key Facts

Amid a strategic shift to meet the surging energy requirements of data centers, ONEOK has upgraded its long-term financial guidance for 2026. The company raised its adjusted EBITDA forecast to $8.25 billion, citing robust operational momentum and efficient project execution. Furthermore, ONEOK expects an EPS midpoint of $5.53, bolstered by rising demand from data centers and favorable structural trends within the NGL and LNG sectors.

The upward revision is supported by disciplined capital allocation and the anticipated roll-off of major capital expenditures by mid-2027. Per market data, OKE shares closed at $91.83 on July 21, 2026, having traded between a daily high of $93.98 and a low of $91.62, reflecting investor confidence in the company's infrastructure growth trajectory.

Looking ahead, investors will be watching if OKE can maintain its position above the $91.83 level (July 21, 2026 close) as a sign of continued bullish sentiment. In terms of broader sector catalysts, the market remains attentive to the EIA Weekly Petroleum Report, which serves as a key indicator for energy infrastructure and natural gas demand trends.