OKE
OneokPrevious close
97.07
Change
+1.25 / +1.30%
P/E (TTM) ?
15.1
Market Cap
$61.1B
1M
+13.84%
S&P 500 −0.91% over same period
Volume / Avg Volume
4.0M / 2.7M
1.50× average
Latest earnings analysisFY2026 Q2Reported 2026-08-04
ONEOK Q2 FY2026: revenue up 52.8%, EPS $1.53 beats consensus
ONEOK beat on the bottom line and grew revenue fast, but that growth came from thin-margin commodity volumes rather than steady fee income. Revenue rose 52.8% to $12.049 billion, and diluted EPS of $1.53 came in above the $1.4722 consensus. The catch is gross margin: it fell to 23.3% from 32.0% a year earlier, so each extra dollar of sales carried less profit than before.
Read the full analysis →Revenue$12.05BYoY +52.80%
EPS$1.53Beatest. $1.47
Next-day move−0.47%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-04 | $12.0B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-28 | $9.6B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-23 | $33.6B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-28 | $8.6B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-04 | $7.9B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-29 | $8.0B | Pending |
| FY2024 Q4 Quarter ended 2024-12 | 2025-02-25 | $21.7B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 40 of its 5-year rangeMid-range
5-year range 12.1 – 21.7 · Median 15.8
Last 4 quarters: $45.0M in buybacks + $2.7B in dividends, 4.45% of market cap combined
P/E (TTM)
15.1
P/B
2.6
P/S
4.9
Dividend Yield
5.67%
Earnings Reaction
Over the last 7 reports, the stock moved ±2.9% on average on the first trading day after, rising 0 times
Most recent −0.47%
Volatility & Correlation
1-year beta -0.57 · Correlation with S&P 500 -0.27Low beta
Annualized volatility 27% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 12.46 | +44.3% | 22.8% | 1.35 | 2.13 |
| FY2026 Q2 | 12.05 | +52.8% | 23.3% | 0.97 | 1.53 |
| FY2026 Q1 | 9.62 | +19.6% | 26.7% | 0.77 | 1.23 |
| FY2025 Q4 | 9.07 | +29.5% | 29.4% | 0.98 | 1.55 |
| FY2025 Q3 | 8.63 | +71.9% | 30.9% | 0.94 | 1.49 |
| FY2025 Q2 | 7.89 | +61.2% | 32.0% | 0.84 | 1.34 |
| FY2025 Q1 | 8.04 | +68.2% | 29.7% | 0.64 | 1.04 |
| FY2024 Q4 | 7.00 | +33.7% | 35.8% | 0.92 | 1.57 |
| FY2024 Q3 | 5.02 | +19.9% | 39.7% | 0.69 | 1.18 |
| FY2024 Q2 | 4.89 | +31.1% | 40.9% | 0.78 | 1.33 |
| FY2024 Q1 | 4.78 | +5.8% | 39.4% | 0.64 | 1.09 |
| FY2023 Q4 | 5.24 | +4.0% | 36.9% | 2.66 | 1.11 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| OKE | 15.1 | +44.3% | 22.8% | +13.84% | Neutral |
| XOM | 22.6 | +42.3% | — | +15.05% | Neutral |
| CVX | 22.6 | +51.4% | 45.5% | +15.33% | Bullish |
| COP | 19.7 | +43.3% | 62.9% | +23.08% | Bullish |
| MPC | 14.2 | +53.8% | 17.2% | +12.47% | Neutral |
| VLO | 15.4 | +43.3% | 20.4% | +3.11% | Bullish |
| PSX | 15.0 | +46.4% | 19.2% | +10.78% | Bullish |
| WMB | 29.6 | +0.0% | — | +9.39% | Neutral |
| EOG | 12.6 | +57.4% | — | +20.17% | Bullish |