We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ONEOK Gears Up to Report Q2 Earnings: What to Expect From the Stock?
Read MoreHide Full Article
Key Takeaways
ONEOK is expected to post Q2 earnings of $1.39 per share on revenues of $10.8 billion.
Rising gas demand and 90% fee-based revenues are expected to support ONEOK's quarterly results.
Higher processing volumes may aid OKE, though increased interest expenses could trim gains.
ONEOK Inc. (OKE - Free Report) is scheduled to release second-quarter 2026 results on Aug. 3, after market close. The Zacks Consensus Estimate for earnings is currently pegged at $1.39 per share on revenues of $10.8 billion.
Second-quarter earnings estimates have gone down 3.47% over the past 60 days. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 36.96%.
Image Source: Zacks Investment Research
OKE’s Earnings Surprise History
ONEOK’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 2.49%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for OKE
Our proven model does not conclusively predict an earnings beat for ONEOK this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: The company’s Earnings ESP is -1.31%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Some companies in the same sector with the right combination of the two factors for an earnings beat this season are Energy Transfer (ET - Free Report) , Devon Energy Corp. (DVN - Free Report) and Plains All American Pipeline, L.P. (PAA - Free Report) . ET, DVN and PAA currently have an Earnings ESP of +5.88%, +0.61% and +6.71%, respectively. All three stocks carry a Zacks Rank #3 at present.
Factors Likely to Have Influenced OKE’s Q2 Performance
ONEOK’s second-quarter earnings are likely to have been supported by rising natural gas demand, driven by increasing data center activity, higher liquefied natural gas exports and growing industrial consumption.
The company’s bottom-line performance is also expected to have benefited from a stable fee-based business model, with 90% of its revenues projected to be generated through fee-based contracts. Seasonal recovery may have improved operating conditions, while the peak refinery turnaround season could also have benefited the company and supported its second-quarter performance.
The ramp-up in well completions in the Rocky Mountain and Mid-Continent regions during the previous quarters is likely to have contributed to stronger earnings and boosted natural gas gathering and processing volumes.
However, higher interest expenses may have trimmed some of the gains in the quarter to be reported.
Q2 Expectations for OKE
The Zacks Consensus Estimate for Raw feed throughput is pinned at 1,545.93 thousand barrels of natural gas liquid per day, suggesting 1.2% year-over-year growth.
The Zacks Consensus Estimate for Natural gas processing volumes is pegged at 5,850.42 million cubic feet of gas per day, indicating a 5% increase from the year-ago reported level.
OKE’s Price Performance
OKE shares have gained 19.5% over the past six months compared with the industry’s rise of 16.6%.
Image Source: Zacks Investment Research
OKE Shares Are Trading at a Premium
The company is currently valued at a premium compared with its industry on a forward 12-month P/E basis. ONEOK is trading at 15.16X compared with its industry’s 13.97X.
View the Zacks #1 Rank List
Image: Bigstock
ONEOK Gears Up to Report Q2 Earnings: What to Expect From the Stock?
Key Takeaways
ONEOK Inc. (OKE - Free Report) is scheduled to release second-quarter 2026 results on Aug. 3, after market close. The Zacks Consensus Estimate for earnings is currently pegged at $1.39 per share on revenues of $10.8 billion.
Second-quarter earnings estimates have gone down 3.47% over the past 60 days. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 36.96%.
Image Source: Zacks Investment Research
OKE’s Earnings Surprise History
ONEOK’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 2.49%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for OKE
Our proven model does not conclusively predict an earnings beat for ONEOK this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
ONEOK, Inc. Price and EPS Surprise
ONEOK, Inc. price-eps-surprise | ONEOK, Inc. Quote
Earnings ESP: The company’s Earnings ESP is -1.31%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, ONEOK carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Some companies in the same sector with the right combination of the two factors for an earnings beat this season are Energy Transfer (ET - Free Report) , Devon Energy Corp. (DVN - Free Report) and Plains All American Pipeline, L.P. (PAA - Free Report) . ET, DVN and PAA currently have an Earnings ESP of +5.88%, +0.61% and +6.71%, respectively. All three stocks carry a Zacks Rank #3 at present.
Factors Likely to Have Influenced OKE’s Q2 Performance
ONEOK’s second-quarter earnings are likely to have been supported by rising natural gas demand, driven by increasing data center activity, higher liquefied natural gas exports and growing industrial consumption.
The company’s bottom-line performance is also expected to have benefited from a stable fee-based business model, with 90% of its revenues projected to be generated through fee-based contracts. Seasonal recovery may have improved operating conditions, while the peak refinery turnaround season could also have benefited the company and supported its second-quarter performance.
The ramp-up in well completions in the Rocky Mountain and Mid-Continent regions during the previous quarters is likely to have contributed to stronger earnings and boosted natural gas gathering and processing volumes.
However, higher interest expenses may have trimmed some of the gains in the quarter to be reported.
Q2 Expectations for OKE
The Zacks Consensus Estimate for Raw feed throughput is pinned at 1,545.93 thousand barrels of natural gas liquid per day, suggesting 1.2% year-over-year growth.
The Zacks Consensus Estimate for Natural gas processing volumes is pegged at 5,850.42 million cubic feet of gas per day, indicating a 5% increase from the year-ago reported level.
OKE’s Price Performance
OKE shares have gained 19.5% over the past six months compared with the industry’s rise of 16.6%.
Image Source: Zacks Investment Research
OKE Shares Are Trading at a Premium
The company is currently valued at a premium compared with its industry on a forward 12-month P/E basis. ONEOK is trading at 15.16X compared with its industry’s 13.97X.
Image Source: Zacks Investment Research