ONEOK Inc. 2026: Revenue $12.05B, EPS $1.53— 10-Q Summary
ONEOK Inc. (OKE) reported 2026 results in an SEC 10-Q, with revenue of $12.05B, net income of $967M, and diluted EPS of $1.53. The company attributed revenue growth to higher NGL, refined products, and natural gas volumes, plus optimization and marketing activity. It also cited ongoing multi-year capital projects and about 90% fee-based earnings.
How this was made
The 30-second read
Why it matters
Traders can use the reported revenue, net income, and EPS plus the stated drivers (NGL, refined products, gas volumes, optimization/marketing) to reassess near-term earnings power and segment momentum.
Market read
Company-specific financial results from a 10-Q can move midstream stocks, especially when the drivers are tied to volumes and NGL/refined performance.
What to watch
The summary does not disclose cash flow, leverage, hedging, or segment margin details, which are often key for midstream valuation and can change the earnings quality read-through.
Background
The piece is a brief summary of ONEOK’s 2026 10-Q filed Aug. 4, 2026, highlighting revenue, net income, EPS, and operational drivers.
Ticker impact
ONEOK reported 2026 revenue of $12.05B and diluted EPS of $1.53, citing higher NGL, refined products, and natural gas volumes.
Mildly positive bias for OKE as traders digest the 10-Q numbers, though magnitude depends on how these figures compare to Street expectations.
The article provides concrete financial results and operating drivers from a 10-Q, but it does not include guidance, consensus comparisons, or management commentary beyond high-level drivers.
Market effects
Supports the midstream narrative that fee-based networks and optimization can translate into earnings growth when volumes and NGL/refined spreads improve.
No specific regional macro impact beyond multi-region operations and listed projects.
Limited, as the disclosure is company-specific and not tied to global policy or commodity shocks.
Counterpoint
Volume and optimization-driven growth may be partially cyclical (NGL/refined differentials), so the market may discount durability if spreads normalize.
Key entities
- companyONEOK Inc.
Midstream operator reporting 2026 revenue $12.05B and diluted EPS $1.53, with growth attributed to higher NGL/refined volumes and optimization/marketing activity.
