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Oneok (OKE) Reports Q2 Earnings: What Key Metrics Have to Say

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For the quarter ended June 2026, Oneok Inc. (OKE - Free Report) reported revenue of $12.05 billion, up 52.8% over the same period last year. EPS came in at $1.53, compared to $1.34 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $10.66 billion, representing a surprise of +13.03%. The company delivered an EPS surprise of +10.07%, with the consensus EPS estimate being $1.39.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Oneok performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Raw feed throughput - Natural Gas Liquids: 1,630.00 MBBL/d versus the two-analyst average estimate of 1,528.46 MBBL/d.
  • Adjusted EBITDA- Natural Gas Liquids: $659 million versus the two-analyst average estimate of $717.28 million.
  • Adjusted EBITDA- Refined Products & Crude: $627 million compared to the $562.39 million average estimate based on two analysts.
  • Adjusted EBITDA- Natural Gas Pipelines: $297 million versus $276.42 million estimated by two analysts on average.
  • Adjusted EBITDA- Natural Gas Gathering and Processing: $546 million versus the two-analyst average estimate of $546.41 million.

View all Key Company Metrics for Oneok here>>>

Shares of Oneok have returned -3.3% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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