The beat and guidance raise reinforce ONEOK's growth trajectory. Monitor the earnings call on Aug 4 for details on remaining growth projects and any tariff exposure commentary. The stock may gap up, but given the 83% historical T+20 win rate for prior calls on OKE, a bullish bias is supported.
Price Chart
Executive Summary
ONEOK reported Q2 2026 EPS of $1.53, beating consensus of $1.45 by 5.5%, on record NGL volumes and strong segment performance. Net income rose 13% YoY to $967M and the company raised its full-year 2026 guidance for net income and adjusted EBITDA for the second time this year, signaling operational momentum.
Key Financial Metrics
Key Facts
- Q2 2026 diluted EPS $1.53 vs consensus $1.45 (beat by 5.5%)
- Net income $967M, +13% YoY from $853M
- Adjusted EBITDA $2.12B, +7% YoY from $1.98B
- Record NGL raw feed throughput volumes, +7% overall and +15% in Gulf Coast/Permian
- Raised 2026 net income guidance midpoint to $3.6B and EPS midpoint to $5.68
- Quarterly dividend declared at $1.07 per share ($4.28 annualized)
Financial Impact
EPS beat of $0.08 per share vs consensus, with guidance increase implying ~$0.2-0.3 EPS upside for the full year
Risk Factors
- Commodity price volatility could pressure NGL and crude margins
- Tariff or regulatory changes impacting energy infrastructure
- Execution risk on remaining capex projects and potential cost overruns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3337900 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 8w ago | Press Release | $87.65 $95.69 | ▲ +9.17% | ▲ +10.41% | $86.91 (−0.84%) |
Jul 9, 2026 12w ago | Press Release | $89.92 $86.42 | ▲ +3.89% | ▲ +6.32% | $86.91 (+3.35%) |
May 6, 2026 21w ago | DEFA14A | $85.39 $86.75 | ▲ +1.60% | ▼ −1.18% | $86.91 (+1.78%) |
Apr 23, 2026 23w ago | Press Release | $87.46 $92.62 | ▲ +5.90% | ▲ +1.88% | $86.91 (−0.62%) |
Apr 1, 2026 26w ago | Press Release | $88.30 $92.46 | ▲ +4.72% | ▼ −5.16% | $86.91 (−1.57%) |
Mar 25, 2026 27w ago | Press Release | $93.56 $87.46 | ▼ −6.52% | ▼ −17.19% | $86.91 (−7.10%) |
Mar 3, 2026 30w ago | Press Release | $84.62 $87.33 | ▲ +3.20% | ▲ +7.62% | $86.91 (+2.71%) |
Feb 28, 2026 30w ago | Institutional Cluster | $86.05 $92.88 | ▲ +7.94% | ▲ +15.88% | $86.91 (+1.00%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access