OKE · News · 20260804N
Revenue Performance and Mix
ONEOK INC /NEW/ · 2026-08-04 · Importance 57 · Surprise 64 · No source text
ONEOK reported second-quarter 2026 revenue of $12.05 billion, up 52.8% year over year and above the $10.66 billion consensus estimate. Net income increased 13% year over year to approximately $967 million, while diluted EPS rose to $1.53 from $1.34. Revenue growth reflected record natural gas liquids raw-feed throughput, higher natural gas processing volumes, increased refined-products volumes, and expanded optimization and marketing activity.
Key facts
- Q2 revenue exceeded Wall Street estimates by $3.10 billion and represented a 52.77% year-over-year increase source
- Q2 revenue: $12.05 billion, up 52.8% year-over-year source
- Q2 net income: $967 million (13% increase year-over-year) source
- Q2 adjusted EBITDA: $2.12 billion (7% gain) source
- One article reported revenue of $8.63 billion for Q2 while also stating EPS $1.53 (noting a revenue miss in that article) source
- Q2 EPS: $1.53 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Q2 revenue: $12.05 billion, up 52.8% year-over-year |
| net_income | positive | realized | — | Q2 net income: $967 million (13% increase year-over-year) |