Oneok Inc (OKE)
NYSE:OKE
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.44Last Year’s EPS
1.34Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: management reported strong Q1 results (net income +12%, adjusted EBITDA +13%), raised full‑year 2026 financial guidance, and highlighted broad-based volume growth and multiple near-term capacity projects coming online. Balance sheet actions (note redemption and a $1.2B term loan) and accelerating export demand further supported optimism. Offsetting factors included a $60M impairment, the impact of aggressive early hedging on realized prices in Q1, margin headwinds from regional basis differentials, and the expectation that some differential benefits will normalize in H2. Management emphasized operational execution, project timelines and that most major free cash flow benefits will materialize as projects complete by mid‑2027.Company Guidance
Increased 2026 Financial Guidance
ONEOK raised 2026 guidance: net income midpoint ~ $3.5 billion, diluted EPS midpoint $5.53, and adjusted EBITDA midpoint $8.25 billion; total 2026 capital expenditures unchanged at $2.7–$3.2 billion.
Strong First Quarter Financial Results
Q1 net income of $776 million ($1.23/diluted share), a 12% increase year-over-year; Q1 adjusted EBITDA approximately $2.0 billion, up 13% year-over-year.
Volume Growth Across Multiple Segments
NGL volumes: Rocky Mountain +11% YoY, Mid‑Continent +4% YoY (driven by C3+), Gulf Coast Permian >30% YoY; refined products volumes +12% YoY; gathering & processing Mid‑Continent +7% YoY, Permian +4% YoY — demonstrating broad-based throughput strength.
Project Execution and Near-Term Capacity Additions
Completed relocation of a 150 MMcf/d processing plant to the Midland Basin with expected ramp; Delaware Basin expansions (+110 MMcf/d) on track for Q3; Bighorn 300 MMcf/d plant on schedule for mid‑2027; Powder River Basin 60 MMcf/d plant due Q4 2026; Denver pipeline +35,000 bpd and Medford fractionator Phase 1 +100,000 bpd expected by Q4 — all positioned to expand capacity and connectivity.
Balance Sheet and Liquidity Actions
Redeemed nearly $500 million of notes due July 2026 and executed a $1.2 billion term loan in April to enhance balance sheet flexibility while prioritizing debt reduction and shareholder returns.
Commercial Momentum and Export Demand
Increasing customer engagement and export demand: LPG export dock contracting interest accelerated, crude dock highly utilized with opportunities to extend contracts at favorable rates, and strong diesel demand and wide crack spreads supported refined products throughput.
Seasonal Pattern and Operational Resilience
Management reiterated Q1 is seasonally the lowest EBITDA quarter and emphasized safe, reliable operations across segments; winter storm freeze-offs caused temporary wellhead effects but no material asset downtime and impacts were already included in guidance.
Long-term Market Tailwinds
Management highlighted constructive long-term fundamentals (growing U.S. natural gas demand, LNG export expansion, petrochemical demand) and ONEOK's integrated, regionally diversified platform is positioned to capture durable volume and NGL upside.
OKE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OKE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $89.79 | $89.32 | -0.52% |
Feb 23, 2026 | $87.33 | $82.89 | -5.08% |
Oct 28, 2025 | $67.12 | $65.27 | -2.75% |
Aug 04, 2025 | $77.54 | $73.53 | -5.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oneok Inc (OKE) report earnings?
Oneok Inc (OKE) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Oneok Inc (OKE) earnings time?
Oneok Inc (OKE) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OKE EPS forecast?
OKE EPS forecast for the fiscal quarter 2026 (Q2) is 1.44.