ONEOK Q2 Net Income Jumps 15% to $966M, Revenue Surges 53%
OKE sits 37% above its 52-week low of $64.02.
Summary
ONEOK posted Q2 net income of $966 million, up 15% from $841 million a year ago, with EPS rising to $1.53 from $1.34. Revenue surged 53% to $12.05 billion. These results follow the earlier guidance raise to a $5.68 EPS midpoint for 2026, confirming strong operational momentum. The top-line growth significantly outpaced earnings growth, suggesting margin compression worth watching. The company had filed a $425 million equity offering in June; today's numbers may influence how that capital is deployed.
At the time of this announcement, OKE was trading at $87.65 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $55.6B. The 52-week trading range was $64.02 to $96.07. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.