OKE · Full Picture

ONEOK INC /NEW/ — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Expenditure Program · Capital expenditurePriority 80
    +4.8% assets; 2 sources (news, sec_filing); 12 forward row(s); structured_verified
    Texas City Logistics export terminal approximate cost: $700 million; scope: 400 MBbl/d liquified petroleum gas export terminal in Texas City, Texas; expected completion Early 2028.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 77
    +68.5% revenue (realized); 2 sources (news, sec_filing); 1 forward row(s); quote_verified
    Q2 revenue exceeded Wall Street estimates by $3.10 billion and represented a 52.77% year-over-year increase
  3. Guidance and Outlook · Guidance & outlookPriority 52
    2 forward row(s); quote_verified
    Company raised its 2026 net income guidance to a range of $3.41 billion to $3.79 billion
  4. Liquidity and Debt Position · Debt, leverage & refinancingPriority 51
    -0.8% liability; 2 sources (news, sec_filing); 2 forward row(s); structured_verified
    In April 2026, we entered into a $1.2 Billion Term Loan Agreement available to be drawn in up to two borrowings within 90 days of the closing date; borrowings bear interest at Term SOFR plus an applicable margin of 95 basis points; matures 364 days after June 23, 2026.
  5. Manufacturing Capacity Expansion · Supply chain & operationsPriority 49
    2 sources (news, sec_filing); 1 forward row(s); quote_verified
    In our Natural Gas Gathering and Processing segment, we completed the relocation of a 150 MMcf/d processing plant to the Permian Basin from North Texas, which went into service in the first quarter of 2026.
  6. Operating Cash Flow Trends · Cash flow generationPriority 49
    +3.1% cash (realized); structured_verified
    For the six months ended June 30, 2026, our cash flows from operations exceeded dividends paid by $1.6 billion.
  7. Segment Profitability · Operating income & profitabilityPriority 49
    +3.8% net_income (realized); quote_verified
    Operating income for the three months ended June 30, 2026: $1,593 million; for the three months ended June 30, 2025: $1,431 million; increase of $162 million.
  8. Interest Rate and Refinancing Exposure · Interest ratesPriority 44
    quote_verified
    If our credit ratings were downgraded, our cost to borrow funds under our $3.5 Billion Credit Agreement could increase, and a potential loss of access to the commercial paper market could occur.
  9. Dividend Declaration · Buybacks & dividendsPriority 43
    2 sources (news, sec_filing); 2 forward row(s); quote_verified
    We declared a quarterly common stock dividend of $1.07 per share in July 2026 to be paid on August 14, 2026 to shareholders of record at the close of business on August 3, 2026.
  10. Equity Capital Raise · Equity issuance & dilutionPriority 42
    quote_verified
    Company announced a US$1 billion at-the-market common stock offering
  11. Market Demand Trends · Demand, orders & backlogPriority 31
    2 sources (news, sec_filing); quote_verified
    Company reported record natural gas liquids raw feed throughput driving performance
  12. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 30
    quote_verified
    Company provided updates on expansion projects including Denver-area refined-products expansion and Permian Basin processing plant expansions

Threads by pillar

Revenue & Demand Priority 81 · 3 threads

Costs & Margins Priority 62 · 3 threads

Capital & Balance Sheet Priority 89 · 5 threads

Strategy & Portfolio Priority 30 · 1 thread

Guidance & Outlook Priority 52 · 1 thread

Macro & Market Conditions Priority 49 · 2 threads

Expected impact by metric

metricforward netforward grossrealized
cash-4.1%+5.6%+2.6%
assets+4.8%+4.8%+0.1%
liability-0.8%+0.8%—
operating_income——+1.3%
net_income——+3.8%
revenue——+68.5%